All posts by Ifreke Inyang

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  MPC meets to discuss falling reserves, naira

  The nation’s fast depleting external reserves and the persistent pressure on the naira will top the agenda as the Central Bank of Nigeria’s Monetary Policy Committee begins its two-day meeting today (Monday). Being the first MPC meeting...

  • Posted March 24, 2014
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  Senate screens new CBN governor, deputy on Tuesday

  The Senate will tomorrow (Tuesday), begin the formal screening of Messrs. Godwin Emefiele and Adebayo Adekola, as the new Governor and Deputy Governor of the Central Bank of Nigeria respectively. This was contained in the Notice Order...

  • Posted March 24, 2014
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  NLNG celebrates celebrates 3000th LNG export cargo

  The Nigeria Liquefied Natural Gas (NLNG), says the country had earned as much as 24 billion dollars in revenue and dividends from its operations in Bonny Island in the last 15 years of its formal existence.  ...

  • Posted March 24, 2014
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  LG chairman wants FG to intervene in ALSCON’s ownership crisis

  The Chairman, Ikot Abasi Local Government Area, Ufot Udoinyang, has urged the Federal Government to intervene in the ownership crisis at the Aluminum Smelter Company of Nigeria (ALSCON), Ikot Abasi. Udoinyang said in Ikot Abasi, Akwa Ibom,...

  • Posted March 24, 2014
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  NERC bows to consumers’ pressure, sets target for DISCOs

  At last, the Nigerian Electricity Regulatory Commission has expressed its disappointment in the failure of the power distribution companies to deliver their service commitments to the market three months into the year although the latter insist the...

  • Posted March 24, 2014
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  Group withdraws objection to Emefiele’s nomination for CBN governorship

  Public Interest Lawyers League (PILL) Sunday in Abuja made a u- turn and withdrew its objection to the nomination of Godwin Emefiele as the Governor of Central Bank of Nigeria CBN. The group had last week written...

  • Posted March 24, 2014
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  Nigeria still struggling to grow local oil capacities

  The country is  still struggling to grow local capacities in the oil and gas industry, an achievement that had been recorded in other parts of the world. The Group Managing Director, Arco Group, Mr. Alfred Okoigun, said...

  • Posted March 24, 2014
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  Gas price may not affect electricity bill

  Electricity generation and distribution firms have said the planned increase in the price of gas supplied to power plants may not lead to a direct rise in electricity tariffs across the country. According to them, reports of...

  • Posted March 24, 2014
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  Delayed LNG projects deny Nigerians 50,000 jobs

  The continued delay of three major Liquefied Natural Gas projects in the country is not just costing economic loses; it is also denying Nigerians 50,000 construction jobs. The Chief Executive Officer/Managing Director, NLNG, Mr. Babs Omotowa, said...

  • Posted March 24, 2014
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  NLNG Debunks Allegations of Non-remittance to Federation Account

  The management of the Nigeria Liquefied Natural Gas Company (NLNG) has denied allegations of non-remittance of funds accruing from the company to the Federation Account from 2004 to date which was made against it by the House...

  • Posted March 23, 2014
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