All posts by Ifreke Inyang

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  Card fraud: CBN issues deadline for banks, others

  To combat the electronic card-related frauds, the Central Bank of Nigeria has given banks until November, 30 2014 to comply with the Payment Card Industry Data Security Standards. The CBN also mandated switches and processors companies to...

  • Posted April 29, 2014
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  FG inaugurates Committee for 2014 Oil and Gas Investment Forum

  The Minister of State for Industry, Trade and Investment, Dr. Samuel Ortom, who inaugurated the committee in Abuja, stressed that the federal government would support the promotion of the Onne Oil and Gas Free Zone Authority as...

  • Posted April 29, 2014
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  FG to retake computation of GDP in seven pilot states

  The Federal Government will retake the computation of States’ Gross Domestic Product (SGDP) conducted in seven pilot states to assess their contributions to National GDP, Secretary to the National Planning Commission (NPC), Mr. Ntufam Fidelis Ugbo, has...

  • Posted April 28, 2014
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  IPMAN accuses black marketers of economic sabotage

  Black market operators and hoarders of petroleum products have been warned by the eastern zone of the Independent Petroleum Marketers Association of Nigeria to desist from the nefarious acts in and outside depots or risk  prosecution....

  • Posted April 28, 2014
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  MTN Group’s subscriber base now 210.1 million

  MTN Group now connects 210.1 million people in 22 countries across Africa and the Middle East. From a single licence in South Africa awarded in 1994, MTN said in a statement on Thursday that it had invested...

  • Posted April 28, 2014
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  How we emerged Africa’s foremost telecoms regulator – NCC

  The Nigerian Communications Commission (NCC) on Sunday said that its five-point strategic agenda was  essential in its recognition as the foremost telecoms regulator in Africa. The Public Affairs Director of NCC, Mr Tony Ojobo, said in Lagos that...

  • Posted April 28, 2014
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  First built in Nigeria Nissan Patrol rolls off production line

  Nissan has become the first major manufacturer to build a car in Nigeria in response to the Federal Government’s new  Automotive Policy. According to a statement from Stallion Motors, Nissan representatives in Nigeria, the inaugural vehicle, a...

  • Posted April 28, 2014
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  2015: Politicians sell shares to raise funds

  Indications have emerged that political activities ahead of the 2015 general elections are beginning to affect the capital market performance. Experts in the Nigerian Stock Exchange, who spoke to SUNDAY PUNCH on Thursday, said some politicians that are key...

  • Posted April 28, 2014
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  Dead workers’ relatives get N40bn pension claims

  No fewer than 14,860 relatives of deceased workers have demanded for N40.9bn benefits since the inception of the Contributory Pension Scheme, records available atthe National Pension Commission have shown. Statistics gleaned from a document prepared by PenCom...

  • Posted April 28, 2014
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  We take the biggest risk in power industry — GE boss

  The President and Chief Executive Officer, GE Nigeria, an Original Equipment Manufacturer investing $1bn in Nigeria over a four-year period, Dr. Lazarus Angbazo, says huge repair works are needed in the country’s power plants to unlock generation...

  • Posted April 28, 2014
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