All posts by Ifreke Inyang

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  World Bank approves $1.19bn guarantee for power sector

  The World Bank Group has approved partial risk guarantees to help power sector operators in the country to borrow up to $1.19bn to execute various projects. A statement released in Washington on Wednesday said the Board of...

  • Posted May 9, 2014
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  FG earmarks 500,000 hectares of land for irrigation farming

  The Federal Government on Thursday said it had earmarked 500,000 hectares of land for irrigation farming as part of effort to boost food security and job opportunities for women and youths in Nigeria. The Minister of Water...

  • Posted May 9, 2014
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  No regrets in power sector privatisation – FG

  Despite the prevailing erratic supply of electricity in most parts of Nigeria six months after the sector was privatised, the Federal Government on Thursday declared that it had no regrets for handing over the industry to private...

  • Posted May 9, 2014
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  NUEE, NLC to shut down Eko Electricity Distribution Company

  The Lagos State council of the National Union of Electricity Employees (NUEE) and the Nigeria Labour Congress (NLC) will today picket Eko Electricity Distribution Company in Marina, Lagos. The industrial action is in protest against management’s anti-labour...

  • Posted May 9, 2014
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  Dangote to invest $2.3bn in north Nigeria

  Nigerian businessman Aliko Dangote has said that he will invest $2.3bn (£1.35bn) in sugar and rice production in the north of the country. Amid international concern about terrorism in the region – highlighted by the kidnap of...

  • Posted May 8, 2014
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  FG promises to generate 7,000MW of power before end of the year

  In order to improve electricity supply in the country, the federal government has promised to generate 7,000 Mega Watt of electricity before the end of the year, Minister of State for Power, Mohammed Wakil, has disclosed. This...

  • Posted May 8, 2014
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  WEFA: Okonjo-Iweala, Tinubu, Kanza meet with shapers

  The  Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said delegates to the World Economic Forum will discuss inclusive growth and job creation as this is critical to the world. Speaking yesterday...

  • Posted May 8, 2014
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  One-tenth of world’s largest companies from Nigeria, others — Report

  Public companies in developing economies other than the BRIC countries (Brazil, Russia, India and China), now account for more than one in ten of the world’s largest 2,500 groups by market value for the first time. Analysis...

  • Posted May 8, 2014
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  Kenya allocates seven oil blocks to Nigerian companies

  Nigerian businessmen have been awarded seven oil blocks for exploration from the 46 newly discovered oil blocks in Kenya. The Chairman of the Nigeria-Kenya Chamber, Dr. Kiprono Kittony,  disclosed in Abuja late on Monday that this was...

  • Posted May 8, 2014
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  Tougher contract regulations will boost prices in Nigeria – MTN

  Africa’s biggest  telecommucations company, MTN, has said if the federal government makes its licence conditions more stringent, costs for customers may rise. The Minister of Communications Technology, Mrs. Omobola Johnson, had in February said the federal government...

  • Posted May 8, 2014
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