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All posts by Ifreke Inyang

  • Nokia names CEO, restores profitability after Microsoft deal

    Nokia announced Tuesday that the former head of Solutions and Networks (NSN), Rajeev Suri, will take over the helm at the Finnish telecommunications giant. The announcement came just days after Nokia completed the sale of its devices...

    • Posted April 30, 2014
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  • Due process: Jonathan approves debarment of fraudulent, unregistered contractors

    President Goodluck Jonathan has approved the debarment of contractors, consultants and service providers who violate the public procurement laws. Attorney-General of the Federation (AGF) and Minister of Justice, Mr. Mohammed Adoke, announced the president’s approval yesterday in...

    • Posted April 30, 2014
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  • Reduced dollar demand bolsters naira

    The naira appreciated against the United States dollar across various market segments last week amid decreased demand for the greenback. Also, the market recorded improved dollar inflow. Specifically, at the Central Bank of Nigeria’s (CBN’s) regulated forex...

    • Posted April 29, 2014
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  • Arik plans flights to India as Ambassador inspects facilities

    Nigeria’s major carrier Arik Air is making plans to operate direct flights to India to tap into the huge traffic of travellers  between the world’s second most populated country and Nigeria. This consideration came to the fore...

    • Posted April 29, 2014
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  • Diamond Bank extends GMD’s tenure, appoints two DMDs

    Diamond Bank Plc has announced the extension of the tenure of its Group Managing Director and Chief Executive Officer, Dr. Alex Otti, for another three years with effect from March 2014. The bank also said it had...

    • Posted April 29, 2014
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  • Consortium denies suspension of work on second Niger Bridge

    The preferred bidder for the development of the second River Niger Bridge Project, Julius Berger-NSIA Motorways Investment Company (JB-NMIC), has debunked some media reports suggesting that work on the bridge has been suspended due to non-compliance with...

    • Posted April 29, 2014
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  • Tension mounts over PHCN contract workers six months after

    Less than 48 hours to the expiration of the six months’ duration for the termination of the appointments of the staff of the defunct Power Holding Company of Nigeria (PHCN) who were employed on a contract basis...

    • Posted April 29, 2014
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  • Bank customers’ biometric registration begins in 1,000 branches

    The Central Bank of Nigeria has said that the biometric registration of bank customers will now commence May ending in 1,000 bank branches in Lagos. The development is coming about four months after the project was inaugurated...

    • Posted April 29, 2014
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  • NCAA audits 18 foreign, local airlines

    The Nigerian Civil Aviation Authority says it has conducted a comprehensive security audit of 18 foreign and local airlines operating in the country. A statement by the NCAA on Sunday explained that the audit was based on...

    • Posted April 29, 2014
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  • Nigeria’s cheaper-than-Ghana equities lure investors

    The nation’s equities are rebounding from the worst selloff in more than two years as valuations cheaper than South Africa, Kenya and Ghana lure investors from Investec Plc to Renaissance Asset Management. According to a Bloomberg report, the Nigerian...

    • Posted April 29, 2014
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