All posts by Ifreke Inyang

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  Strike looms in power firms over job losses

  Investors in the power sector may be in for an industrial crisis as labour unions in the industry have threatened to fight moves by the firms to sack thousands of their workers. The unions specifically told our...

  • Posted April 24, 2014
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  NPA transfers 2,279 overtime containers to Ikorodu

  The Nigerian Ports Authority has said it has transferred 2,279 twenty-foot Equivalent Unit overtime containers from the Lagos Port Complex, Apapa, to the Ikorodu Lighter Terminal. The Assistant General Manager, Public Affairs, NPA, Mr. Musa Illiya, said...

  • Posted April 24, 2014
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  Agent blames Customs for inappropriate duty valuation

  A licensed customs agent, Mr. Uchu Block, has blamed the Nigeria Customs Service for inappropriate duty valuation on imported goods. Block made this known in an interview with the News Agency of Nigeria on Tuesday in Lagos. He said...

  • Posted April 24, 2014
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  NCRIB commences IFRS training for insurance brokers

  The umbrella body for insurance brokers in the country, Nigerian Council of Registered Insurance Brokers (NCRIB), has started a series of training to acquaint its members with the compliance requirements of the International Financial Reporting Standards (IFRS)....

  • Posted April 24, 2014
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  TUC accuses PENGASSAN president of instigating crisis

  The leadership of Trade Union Congress of Nigeria (TUC) has accused the President of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Babatunde Ogun, of instigating monumental crisis in the labour centre. About 14 affiliates...

  • Posted April 23, 2014
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  FG urged to establish Entrepreneurship Development Centers

  The Federal Government has been urged to establish more Entrepreneurship Development Centers (EDCs) across the country to improve access at affordable costs for aspiring or existing entrepreneurs. A director of the Central Bank of Nigeria (CBN), South...

  • Posted April 23, 2014
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  NCC moves for higher telecoms’ contribution to GDP

  The Nigerian Communications Commission is obviously excited by the latest report of a rebased Gross Domestic Product. The recently published rebased GDP figures have put the nation’s telecoms sector as a significant contributor to the country’s economy....

  • Posted April 23, 2014
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  NERC upbeat on NESI’s N1.5trn market growth projection by 2017

  The Nigerian Electricity Regulatory Commission (NERC) has expressed hopes that Nigeria’s emerging electricity market will meet up with the projected N1.5 trillion market value in 2017, from its current value of about N300 billion. NERC is optimistic...

  • Posted April 23, 2014
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  Dangote Group, Honeywell, others generate 15,000mw captive power

  Dangote Group, Honeywell, BUA Group and other cement, food and beverage manufacturing plants across the country are generating over 15,000 megawatts of electricity that are not in the national grid. This was disclosed by the President and...

  • Posted April 23, 2014
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  Stock exchange lost N780bn in turbulent Q1

  The Nigerian Stock Exchange’s Banking Index fell by 16 per cent in the first quarter of this year, more than any other sectoral indices, in what some analysts say is the worst performance by the Exchange in...

  • Posted April 23, 2014
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