All posts by Ifreke Inyang

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  American expert to inspect Lagos, Abuja airports

  The American Transportation Safety Administration’s Attaché for Central and West Africa, Ms. Mcneir Loretta, has arrived Nigeria for a three-day working visit. A statement by the Nigerian Civil Aviation Authority on Tuesday said Mcneir’s visit was a...

  • Posted April 17, 2014
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  FRC queries BPE over lack of four-year financial statement

  The acting Chairman, Fiscal Responsibility Commission (FRC), Mr. Victor Muruaku, has said the Bureau of Public Enterprises (BPE) has operated for four years (2007-2014) without audited financial statements for the periods. He said the privatisation agency had...

  • Posted April 17, 2014
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  Power supply hasn’t improved with privatisation – Survey

  A survey on power supply situation in the country released by NOI Polls, an indigenous survey agency, has revealed that 63 per cent of Nigerians have experienced no improvement in electricity supply since the privatisation of the...

  • Posted April 16, 2014
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  Lekki-Ikoyi link bridge: Court rules on stay April 25

  A Federal High Court in Lagos Monday fixed April 25 to decide whether or not to grant a stay of execution on its judgment over the tolling on the Lekki-Ikoyi link bridge. Justice Saliu Saidu reserved ruling...

  • Posted April 16, 2014
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  Naira trades flat against dollar

  The naira traded flat against the United States dollar yesterday as dealers said  lenders sold dollars on the interbank market to improve liquidity and  shore up the weakening local currency. The naira had initially weakened to N161.30...

  • Posted April 16, 2014
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  FG, states, LG share N641.38bn from federation account

  The Federation Accounts Allocation Committee on Tuesday night allocated the sum of N641.38bn to the three tiers of government from the federation account. The amount, which is the allocation for the month of March, represents an increase...

  • Posted April 16, 2014
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  FG generates N675bn revenue

  The federal government generated a total of N674.7 billion revenue in January 2014, a report has shown. The Central Bank of Nigeria’s (CBN’s) economic report for January which disclosed this showed that the amount was below the...

  • Posted April 16, 2014
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  FG requires N79bn to complete Ajaokuta Steel Company

  Nigeria needs $513 million (about N79 billion) to complete the Ajaokuta Steel project, an official has said. The Director of Steel and Non-ferrous Metals Department, Ministry of Mines and Steel Development, Mr. Also Abdullahi, said this Monday....

  • Posted April 16, 2014
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  Customs collected N77.9bn revenue in Q1

  The Nigeria Customs Service said it collected N77.9bn revenue in the first quarter of 2014. This was contained in a document summarising the monthly revenue of the NCS, which was obtained by the News Agency of Nigeria in Abuja...

  • Posted April 16, 2014
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  Why N220bn MSME fund release is delayed – CBN

  The Director, Development Finance Department, Central Bank of Nigeria, Mrs. Louise Chuma, has said the delay in the disbursement of the N220bn intervention funds for Micro, Small and Medium Enterprises in the country is as a result...

  • Posted April 16, 2014
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