All posts by Ifreke Inyang

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  Seplat gets WEF recognition

  The World Economic Forum has named Seplat Petroleum Company Development Company Plc a global growth company, the firm said in a statement on Wednesday. With the recognition, Seplat joins a vibrant community of the world’s most dynamic,...

  • Posted May 10, 2014
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  Rockefeller Foundation plans 20,000 jobs for Nigeria

  The Rockefeller Foundation plans to create 20,000 jobs in Nigeria through empowering youths with focused training in Information and Communications Technology. The Managing Director, African Regional Office, Rockefeller Foundation, Mr. Mamadou Biteye, unveiled the plan at a...

  • Posted May 10, 2014
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  Lagos pays N1.6bn compensation to land owners

  The Lagos State Government on Wednesday said it paid N1.63bn as compensation in the past one year to people whose land was acquired for infrastructural projects. The Permanent Secretary, Lands Bureau, Mr. Hakeem Muri-Okunola, disclosed this at...

  • Posted May 10, 2014
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  Concerns mount over contract cost inflation by oil majors

  The allegation of contract inflation in the oil and gas industry by oil firms, particularly, international oil companies (IOCs) operating in Nigeria is generating ripples in the sector, THISDAY investigations have revealed. Presidency sources hinted that top...

  • Posted May 10, 2014
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  AMCON appoints advisers for sale of Mainstreet Bank

  The Asset Management Corporation of Nigeria (AMCON) has appointed Barclays Africa Group Limited and Afrinvest as financial advisers for the divestment of its shareholding in Mainstreet Bank Limited. The corporation also appointed Banwo and Ighodalo as legal...

  • Posted May 9, 2014
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  Canada to invest $5bn in producing 3,000mw in Delta

  Delta State has taken the lead in the generation of renewable energy as Canada has invested $5 billionin the state to produce 3,000 megawatts of electricity. The initiative of the state government to key into the green...

  • Posted May 9, 2014
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  Oil blocks: Indigenous firms, others to pay $11.5bn

  Indigenous oil exploration and production firms as well as their foreign counterparts would have by the end of the year paid $11.5bn for oil assets being divested in Nigeria by Shell, Total, Agip, ConocoPhillips, Eni and other...

  • Posted May 9, 2014
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  OXFAM questions transparency in Nigeria’s agric sector

  A research conducted by OXFAM Nigeria, an International Non-Governmental Organisation (NGO) committed to ensuring food security, has questioned transparency in the country’s agricultural spending. OXFAM also alleged that less than two per cent of the population of...

  • Posted May 9, 2014
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  Nigeria, China sign $1.3bn railway deal

  The China Railway Construction Corporation Limited has signed a contract for a $13.1 billion railway project with the Ministry of Transport for a coastal railway line that will transverse ten states in Nigeria. The length of the...

  • Posted May 9, 2014
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  NNPC, biggest domestic gas producer – GMD

  The Group Managing Director, Nigeria National Petroleum Corporation, Mr. Andrew Yakubu, has said that in the last few years, the country has ramped up gas supply from 300 million standard cubic feet per day to 1.5billion scf...

  • Posted May 9, 2014
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