All posts by Ifreke Inyang

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  SON proposes jail term for substandard product importers

  The Director-General, Standards Organisation of Nigeria, Dr. Joseph Odumodu, has said the agency plans to review the punishment for those found guilty of importing substandard products into Nigeria. Odumodu stated this shortly before the commencement of the...

  • Posted April 19, 2014
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  Court to rule on jurisdiction in $3.8bn Egina Project June 3

  Justice Chukwujekwe Aneke of the Federal High Court in Lagos will on June 3 rule on the issue of jurisdiction in the case filed by Lagos Deep Offshore Logistics (LADOL) and Samsung Heavy Industries of Korea and...

  • Posted April 19, 2014
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  Naira falls on increased dollar demand

  The naira weakened against the dollar on the interbank market Wednesday as a result of increased demand for the greenback as importers sought to meet their foreign exchange needs. The naira closed at N162.30 to a dollar,...

  • Posted April 18, 2014
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  Jonathan to inaugurate $16bn Gas City project soon – Uduaghan

  Speculations in some quarters that the first industrial gas city might be relocated from its present location in Delta State was yesterday laid to rest as President Goodluck Jonathan is expected to perform the groundbreaking ceremony in...

  • Posted April 18, 2014
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  CAC to introduce new business registration software

  The Corporate Affairs Commission says it is developing new business software that will make it possible to carry out registration services and conduct searches online. The Registrar-General, CAC, Mallam Bello Mahmud, who said this on Tuesday at...

  • Posted April 18, 2014
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  US Envoy bullish about Nigerian Capital Market

  The United States (US) Ambassador to Nigeria, Mr. James Entwistle, Wednesday said the  improvement in the regulation of the Nigerian capital market and general business environment would attract more investments from the US. Speaking when he visited...

  • Posted April 18, 2014
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  FAAN deploys adequate security at airports for passengers’ safety

  The Federal Airports Authority of Nigeria (FAAN) has said it has deployed adequate security at the airports, including anti-terrorism squads. The General Manager,  Corporate Communications FAAN, Mr. Yakubu Dati, said this in an interview with the News...

  • Posted April 18, 2014
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  Underwriters to get N13bn premium from NNPC

  One of the biggest customers of the insurance industry, the Nigerian National Petroleum Corporation, has completed arrangement to renew its insurance contract for this financial year for a premium of $79.4m (N12.9bn), investigations have revealed. According to...

  • Posted April 18, 2014
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  Power firm promises prepaid meters in 18 months

  THE new owners of Port Harcourt Electricity Distribution Company, 4Power Consortium, has promised to deliver prepaid meters to electricity consumers in Rivers, Bayelsa, Akwa Ibom and Cross River states within 18 months. The Managing Director of the...

  • Posted April 18, 2014
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  FG calls for investment in renewable energy

  The Federal Government has called on foreign investors to take advantage of the abundant renewable energy resources in Nigeria by investing in it for power generation. Aside investing in renewable energy, the government also stressed the available...

  • Posted April 18, 2014
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