All posts by Ifreke Inyang

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  Power: 28 system failures recorded in 16 months

  Nigeria recorded a total of 28 system failures in the power sector between January 2013 and April this year. This is contained in the periodic report of the Transmission Company of Nigeria released this month. Between January...

  • Posted June 2, 2014
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  Private sector invests N12.5tn in economy

  The Nigerian economy attracted a total investment inflow of $78.27bn (N12.52tn) between 2007 and 2013, a National Bureau of Statistics report has shown. The figure was contained in the ‘Capital Importation’ report prepared by the NBS, a...

  • Posted June 2, 2014
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  Why NERC reviewed electricity tariffs — Amadi

  In this interview with OKECHUKWU NNODIM, the Chairman/Chief Executive Officer, Nigerian Electricity Regulatory Commission, Dr. Sam Amadi, speaks on the recent controversial review of electricity tariffs Why did you have to review electricity tariffs again? It is already in...

  • Posted June 2, 2014
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  Forex Market boosted by $2.34bn sale in May

  The Central Bank of Nigeria (In spite of the growing liquidity in the financial system, the Central Bank of Nigeria (CBN) was able to maintain its hold on the naira exchange rate in the month of May...

  • Posted June 2, 2014
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  Trade is key to Africa’s development — Odiete

  In this interview with MOTUNRAYO JOEL, the Creative Director of Hesey Designs, Eseoghene Odiete, 24, talks about how she started her business with little capital What kind of business do you do at Hesey Designs? Hesey Designs is a...

  • Posted June 2, 2014
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  IMF, African Finance Ministers and Governors to partner on needs of sub-region

  African finance ministers and governors of Sub-Saharan Africa have agreed to partner with the International Monetary Fund (IMF) on major needs of the region. Notice of the partnership is contained in a document tagged: “Maputo Joint Declaration’’...

  • Posted June 1, 2014
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  Inability of people to differentiate grades of cement scared us – Odumodu

  Since the controversy on whether or not the grade of cement used in the construction of a house could lead to its collapse, various professionals have tendered their informed opinions, but all of these arguments would end...

  • Posted June 1, 2014
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  Senate promises completion of all airport projects

  The Chairman of senate committee on aviation Senator Hope Uzodinma has given a firm assurance that all the ongoing projects in the aviation industry would be  completed. Speaking to journalists  after the committee’s facility tour of Lagos...

  • Posted June 1, 2014
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  Neimeth spends N162m on facility upgrade

  Neimeth International Pharmaceutical Plc says it has spent $1m (N162.6m) to upgrade its plant in Lagos to meet World Health Organisation standard. According to the company, the move, along with its plan to build a new plant...

  • Posted June 1, 2014
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  Abuja, PH to benefit from 4G Internet roll-out

  Two Nigerian cities – Abuja and Port Harcourt – will benefit from the next phase of 4G Long Term Evolution internet roll-out plan that is slated for August this year. The facilitating firm for the 4G LTE...

  • Posted June 1, 2014
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