All posts by Ifreke Inyang

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  FG targets 20m tonnes of domestic food production by 2015

  The federal government has expressed its readiness to increase domestic food production by additional 20 million metric tonnes for the populace and create about 3.5 million jobs by 2015. President Goodluck Jonathan disclosed this at the presidential...

  • Posted October 25, 2014
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  Access Bank wins ‘most sustainable bank’ award

  Access Bank Plc has emerged the winner of the 2014 World Finance, UK Magazine “Sustainable Bank in Nigeria Award”. The award recognised the bank’s leadership in the sustainability space in Nigeria and Africa, the bank said in...

  • Posted October 25, 2014
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  Anxiety grips firms over unpaid N15.5bn outstanding duties, rates

  As the two-week ultimatum issued by the federal government to 12 firms to pay all their outstanding duties and taxes, which currently stand at over N15.5 billion draws nearer, the defaulting companies are said to be under...

  • Posted October 25, 2014
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  FG to facilitate trade in Nigerian Ports

  The federal government has reiterated its preparedness to facilitate trade in the country, especially in the nation’s seaports, airports and international borders. To this end, it said it would institute policies that would facilitate trade in the...

  • Posted October 25, 2014
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  Reps reject CBN’s payment of N50bn to AMCON

  The House of Representatives on Thursday rejected a proposal requiring the Central Bank of Nigeria to pay N50bn yearly into the Resolution Cost Fund. The Fund was created by the Asset Management Corporation of Nigeria Act to...

  • Posted October 25, 2014
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  Investments in sugar sector hit N500bn – FG

  Nigeria has commenced the implementation of over N500bn private sector investments in the sugar sector under the Nigeria Sugar Master Plan. The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, who disclosed this at the 2014...

  • Posted October 25, 2014
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  Airports record 57.55 million passengers in four years

  A total of 57,550,193 passengers used 22 Nigerian airports between 2010 and 2013, the latest statistics released by the National Bureau of Statistics have shown. The report titled Summary Report of Passenger Traffic: 2010-13 and Q1, 2014...

  • Posted October 25, 2014
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  Rising electricity theft cases threaten N150bn meter market

  The potential of Nigeria’s electricity metering market is currently worth N150bn, but the rising cases of electricity theft among consumers in the corporate and household levels is undermining this prospect. Local meter manufacturers and distributors, power distribution...

  • Posted October 25, 2014
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  NPA completes due diligence on Lekki Deep Seaport

  One of the key investor in the $1.5 billion deep seaport situated in Lekki, Lagos, the Nigerian Ports Authority (NPA) has completed due diligence on the federal government’s involvement in the project. The federal government had required...

  • Posted October 25, 2014
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  Crude oil slide may threaten CBN’s bid to prop up the naira

  The effort by the Central Bank of Nigeria (CBN) to prop up the naira months before the 2015 elections is being threatened by the slide in crude oil prices. The naira has come under intense pressure and...

  • Posted October 24, 2014
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