All posts by Ifreke Inyang

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  National Assembly commended over Tobacco Control Bill

  Stakeholders at the recently held Tobacco Control Bill (NTCB) public hearing commended the Senate and the executive arm of government for proactively coming up with bills to address the issues of regulation, and control of production, manufacturing,...

  • Posted October 24, 2014
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  Total gets new CEO, chairman

  Following the recommendations of the Governance and Ethics Committee of Total, which met on Wednesday, the Board of Directors has finally named Thierry Desmarest as Chairman of the Board of Directors. Desmarest is currently a member of...

  • Posted October 24, 2014
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  Court orders BGL to pay First Bank N1.407bn

  A Federal High Court in Lagos has ordered BGL Plc to pay First Bank of Nigeria Limited the sum of N1.407 billion. Justice Mohammed Idris while delivering judgment in a suit filed by BGL against First Bank,...

  • Posted October 24, 2014
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  NAIC insures crops, livestock for N2.7billion

  The Nigerian Agricultural Insurance Corporation (NAIC) has announced that it has insured crops and livestock in Cross River State to the tune of N2.7 billion. The Corporation also disclosed that it has paid N23.2 million claims to...

  • Posted October 24, 2014
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  NLNG generated $30bn in 25 years – MD

  Since its incorporation in 1989, the Nigeria LNG Limited has generated over $30bn revenue for the country, the Managing Director and Chief Executive Officer of the company, Mr. Babs Omotowa, has said. The NLNG initiative has made...

  • Posted October 24, 2014
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  FG, states share $2.7bn from Excess Crude Account

  The country’s revenue fell by N99.55bn in the month of September, thereby causing the three tiers of government on Wednesday to share N2.7bn that should have been transferred to the Excess Crude Account. The Accountant-General of the...

  • Posted October 24, 2014
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  Reps to get kerosene subsidy report next week

  Members of the House of Representatives will next week know the extent of malpractices in the kerosene subsidy scheme. The House Committee on Petroleum (Downstream), chaired by Mr. Dakuku Peterside, is currently being finalised by the House...

  • Posted October 24, 2014
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  Power generating plants perform below 30% capacity – FG

  Eleven months after being run by private operators, some power generating plants in the country are performing below 30 per cent of their installed capacities, the Federal Government has said. The poor performance, it said, was largely...

  • Posted October 24, 2014
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  Cross River seals PPMC over N262m tax

  The Cross River State Government has sealed the premises of the Pipeline Products and Marketing Company (PPMC) for its alleged tax indebtedness to the state amounting to N262 million. The state Internal Revenue Service (IRS) announced that...

  • Posted October 24, 2014
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  Five firms get NSE’s approval to restructure operations

  Five companies have obtained the approval of the Nigerian Stock Exchange (NSE) to restructure their operations thereby escaping being delisted. The companies are among those approved by the Council of the NSE for delisting. However, they have...

  • Posted October 23, 2014
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