All posts by Ifreke Inyang

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  Google disappoints investors as advert rates decline

  Google’s shares have declined over concerns that its advertising rates are declining despite posting higher overall revenues. Google on Thursday, reported consolidated revenues of $15.42bn for the quarter ended March 31, 2014, an increase of 19 per...

  • Posted April 21, 2014
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  SURE-P: FG, states, get N959.8bn in 27 months

  Since the commencement of the Subsidy Re-investment and Empowerment Programme 27 months ago, the sum of N959.8bn has been allocated by the Federation Accounts Allocation Committee for its implementation. Findings by our correspondent showed that on a...

  • Posted April 21, 2014
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  FG hasn’t increased electricity tariffs since 2011 – NERC

  The Federal Government has not increased tariffs on electricity since 2011, the Nigerian Electricity Regulatory Agency has said. According to NERC, the yearly rise in power tariffs over the years were benchmarked since 2011, stressing that electricity...

  • Posted April 21, 2014
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  There are many distractions in oil sector – Gaius-Obaseki

  With over four and a half years at the helm of affairs as Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Jackson Gaius-Obaseki, is on record as the man that has spent the...

  • Posted April 21, 2014
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  French auto giant to begin local vehicle assembly operations in Nigeria

  French automobile manufacturer, CFAO Automotive Group, on Thursday in Abuja said it was making necessary logistic arrangements to begin vehicle assembly operations in the country. A statement by the National Automotive Council (NAC) quoted the Managing Director of...

  • Posted April 20, 2014
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  Fidelity Bank’s Q1 profit falls by 25%

  Fidelity Bank Plc on Thursday said its first-quarter pre-tax profit fell to N4.45bn, down 25.08 per cent from N5.95bn a year earlier. Gross earnings also dropped to N30.95bn during the three month period to March 31, as...

  • Posted April 20, 2014
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  Total discovers oil in coast of Cote d’Ivoire

  French oil group, Total, has announced the detection of oil in the deep water off the coast of Cote d’Ivoire. Total’s Senior Vice President, Exploration, Marc Blaizot, made the announcement in a statement made available to newsmen...

  • Posted April 20, 2014
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  Toyota recall: Toyota Nigeria to fix customers’ vehicles

  There is reprieve for users of Toyota vehicles in Nigeria, who may be affected by some defects that necessitated the recent recall of 6.5 million vehicles by Toyota Motors Corporation (TMC), following a resolve by Toyota Nigeria...

  • Posted April 20, 2014
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  DMO to sell N50bn bond

  The Debt Management Office on Thursday said it would sell bonds worth N50bn. The bonds comprise N25bn of three-year paper and N25bn in the 10-year paper. This is contained in the DMO March 2014 FGN bond offer...

  • Posted April 20, 2014
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  FG approves second quarter allocation for fuel importation

  In its bid to address fuel scarcity experienced across the country, the Federal Government has approved and released supplementary first quarter, as well as second quarter allocations for the importation of Premium Motor Spirit by oil marketers....

  • Posted April 20, 2014
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