All posts by Ifreke Inyang

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  Okonjo-Iweala clarifies World Bank’s poverty rating on Nigeria

  The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, said the World Bank’s, “extreme poor nation’’ rating of Nigeria was based on the large number of poor people living in the country. Okonjo-Iweala...

  • Posted April 5, 2014
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  FG hinges economic growth on Agric Sector Development

  The Federal Government has restated its commitment to the development of the agricultural sector. According to the Minister of Agriculture, Mr. Akinwumi Adesina, the agric sector has the capacity to stimulate the country’s growth. Adesina who was...

  • Posted April 5, 2014
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  FG satisfied with $1bn Eurobond utilisation – Sambo

  The Federal Government on Thursday expressed satisfaction over what it called the effective utilisation of the proceeds of the country’s $1bn Eurobond flotation by the Debt Management Office. Vice President Namadi Sambo stated the government’s position while...

  • Posted April 5, 2014
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  Piracy capable of crippling economy – NIMASA

  To attain economic growth and development of the nation’s maritime sector, the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Mr. Ziakede Patrick Akpobolokemi, has reiterated the need to ensure safety on our waterways....

  • Posted April 5, 2014
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  Lekki Deep Seaport to handle bigger ships, create jobs – Umar

  The Lekki deep seaport will not only handle bigger ships calling in the Nigerian ports but also create employment opportunities for Nigerians, the Minister of Transport, Senator Idris Umar has said. The Federal Government had during the...

  • Posted April 5, 2014
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  Kogi’s N5bn bond oversubscribed – Wada

  The Kogi State Governor, Capt. Idris Wada, has said that the N5bn the state government raised as the first tranche of its N20bn bond has been oversubscribed. Wada said this when he paid a courtesy visit to...

  • Posted April 5, 2014
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  Imported rice: Nigeria loses N80bn to neighbouring countries

  Nigeria has lost over N80bn worth of rice cargo to the neighbouring countries in the last three months, due to the imposition of 110 per cent import duty on the commodity by the Federal Government. The Seaport...

  • Posted April 5, 2014
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  North West Power Consortium takes over Kaduna DISCO in August

  The Managing Director of Kaduna Electricity Distribution Company, Alhaji Mohammed Idris, on Friday said the company would be handed over to the new investors in August. Idris made the disclosure when he received the Senate Committee on...

  • Posted April 5, 2014
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  Power firms groan under poor revenue, gas shortage

  Private investors who bought over the electricity generation and distribution assets of the defunct Power Holding Company of Nigeria are bitter over the continuing vandalism of gas pipelines and the refusal of consumers to pay their bills....

  • Posted April 5, 2014
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  Marriott targets Nigeria, 15 others, after Protea acquisition

  Marriott International Incorporated, the world’s second-largest publicly traded hotel company, said it will continue expanding its chains in African markets, following the acquisition of South Africa’s Protea Hospitality Holdings. With three ongoing five-star properties (two in Abuja...

  • Posted April 5, 2014
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