All posts by Ifreke Inyang

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  12 firms okay vehicle assembly plants in Nigeria

  At least 12 automobile manufacturing firms have indicated interest in setting up vehicle assembly plants in Nigeria, the Director-General, National Automobile Council, Mr. Aminu Jalal, has said. He also said old assembly plants such as those of...

  • Posted May 23, 2014
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  NEITI’s 2012 audit report to disclose names of oil block beneficiaries

  Going by the revised reporting standards that were recently unveiled by the global Extractive Industries Transparency Initiative (EITI), the Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday said that its ongoing 2012 audit of operations in the Nigerian...

  • Posted May 23, 2014
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  Skye Bank secures $150m tier-2 capital

  As part of efforts to expand its operations, Skye Bank Plc Thursday disclosed that it has raised about $150 million tier-2 capital. The bank’s Group Managing Director designate, Mr. Timothy Oguntayo, said this at a media briefing...

  • Posted May 23, 2014
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  Poor road network hinders products distribution – WAMCO MD

  The Managing Director, FrieslandCampina WAMCO Nigeria Plc, Mr. Peter Eshikena, spoke with journalists in Lagos about the impact of insecurity and poor infrastructure on the country’s businesses and his company’s plans to encourage local dairy production, among...

  • Posted May 23, 2014
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  ICAN introduces new syllabus

  The Institute of Chartered Accountant of Nigeria has moved to boost accountancy practice in the country by introducing a new professional examination syllabus. The President, ICAN, Alhaji Kabir Mohammed, who unveiled the new syllabus in Lagos on...

  • Posted May 23, 2014
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  FG plans expansion of Lagos airport road

  The Minister of Works, Mr. Mike Onolememen, has said work will soon begin on the expansion of the Oshodi-Murtala Mohammed International Airport Road in Lagos into eight lanes and that 25,000 kilometres out of the total 35,000...

  • Posted May 23, 2014
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  CBN retains interest rate at 12%

  The Central Bank of Nigeria (CBN) Tuesday resolved to leave the monetary policy rate (MPR), otherwise known as benchmark interest rate, unchanged at 12 per cent with a corridor of +/- 200 basis points. It also left...

  • Posted May 22, 2014
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  FG earmarks $4bn for power construction, transmission

  In its quest to provide adequate power supply the federal government has earmarked $4billion for the construction and rehabilitation of transmission infrastructure in the country. Also,  some of the major power projects that  attracted transmission such as...

  • Posted May 22, 2014
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  CBN limits government stake in banks to 10%

  The Central Bank of Nigeria on Tuesday released a new code of corporate governance and whistleblowing guidelines for Deposit Money Banks and discount houses. In the 40-page code of corporate governance, which will become effective from October...

  • Posted May 22, 2014
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  US Secretary of Commerce arrives Nigeria on trade mission

  The United State Secretary of Commerce, Penny Pritzker, is leading 20 American companies on an energy business development trade mission to West Africa, specifically to Nigeria and Ghana. According to a statement issued by the United States...

  • Posted May 22, 2014
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