All posts by Ifreke Inyang

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  FIRS decries high tax evasion in Akwa Ibom

  The Federal Inland Revenue Service, Small and Medium Tax Office, Akwa Ibom State, has described the rate of tax evasion in the state as worrisome. It said that many businesses in the state had not registered with...

  • Posted May 1, 2014
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  Power stations privatisation: Talks between Ethiope, BPE collapse

  Talks aimed at resolving the dispute between Ethiope Energy Limited and the Bureau of Public Enterprises (BPE)  ‎over the bid process for three National Integrated Power Plants (NIPPs) power stations have collapsed. Wednesday, counsel to Ethiope Energy...

  • Posted May 1, 2014
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  Guinness’ profit declines 30% in nine months

  Guinness Nigeria Plc Monday announced its results for the nine months ended March 31, 2014, showing a decline of 30 per cent profit before tax. Analysts said with the decline in bottom-line for the nine months, shareholders...

  • Posted April 30, 2014
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  Total directs Hyundai to comply with Nigerian Content Law

  Following the violation of the Nigerian Content Act  by a Korean contractor, Hyundai Heavy Industries (HHI), in the execution of Ofon-2 Project, Total Exploration and Production (E&P) Nigeria Limited has directed the Korean firm to ensure full...

  • Posted April 30, 2014
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  Egbin power plant loses N5.6bn to gas shortage

  The Chief Executive Officer, Egbin Power Plc, Mr. Mike Uzoigwe, has said that the 1,320-megawatts plant is losing N8.134 per kilowatt hour to gas shortage and other challenges and that this amounts to about N5.6bn annually. He...

  • Posted April 30, 2014
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  CPC clamps down on Aero over violation of passenger rights

  The Consumer Protection Council (CPC) yesterday announced that it had brought its regulatory powers  to bear against Aero Contractors Airline, having found it culpable of gross disregard of the rights of passengers on its November 8, 2013...

  • Posted April 30, 2014
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  We have not suspended work on second Niger Bridge – Minister

  Minister of Environment, Mrs. Laurentia Mallam, yesterday said contrary to speculations and media reports, her ministry had not stopped work on the ongoing construction of the second Niger Bridge. Media reports had earlier quoted the minister as...

  • Posted April 30, 2014
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  NHIS, MTN, others develop mobile health insurance

  The Nigerian National Health Insurance Scheme, MTN Nigeria and Salt & Einstein MTS, a mobile insurance services aggregator, have developed a mobile-based universal health insurance service known as Y’ello Health. A joint statement by the firm on...

  • Posted April 30, 2014
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  Vodacom, NCC get BoICT recognision

  Vodacom Business Nigeria’s contribution to business connection and enablement in Nigeria has been recognised at the Beacon of ICT Awards in Lagos. Vodacom emerged winners in enterprise solutions provider of the year and the cloud service provider...

  • Posted April 30, 2014
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  Monetary policy limiting bank loans – Otti

  The Group Managing Director, Diamond Bank Plc, Dr. Alex Otti, says the Central Bank of Nigeria’s monetary policy is currently “very tight” and is limiting banks capacity to give out more loans. Specifically, he said with CBN’s...

  • Posted April 30, 2014
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