All posts by Ifreke Inyang

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  More aviation officials to lose jobs

  Following the sacking of the heads of some aviation agencies by President Goodluck Jonathan on Tuesday, there are indications that more people in the sector will lose their jobs. Our correspondent, who visited the Lagos offices of...

  • Posted March 7, 2014
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  Nigeria wasted $600bn oil revenue in 13 years – Ezekwesili

  Former Vice President of the World Bank, Dr. Obiageli Ezekwesili, has said despite earning more than $600 billion in oil revenues in the last 13 years, government has been unable to improve the lot of the ordinary...

  • Posted March 7, 2014
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  OneCard collaborates with Lekki Concession Company

  OneCard Nigeria, a fast moving consumer goods (FMCG) company that provides top up solutions on multiple platforms has announced the execution of a service agreement with Lekki Concession Company (LCC). By the agreement, motorists registered with LCC’s...

  • Posted March 7, 2014
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  NSE to cut transaction costs by N1bn

  The Nigerian Stock Exchange (NSE) has concluded arrangement to reduce the cost of its Trade Alert service by about N 1.24 billion from March 2014 via the scrapping of the current charge of 0.06% of every trade on...

  • Posted March 6, 2014
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  Biotechnology will grow economy by $11.6bn — Monsanto

  If biotechnology application becomes firm in Nigeria, the country will generate additional economic output of $11.6 billion, Monsanto President has said. Mr. Jose Manuel Madero, the President and Managing Director, Monsanto Company, Europe, Middle East and Africa, EMEA,...

  • Posted March 6, 2014
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  Nebo confident of 10,000MW before end of 2014

  Despite the fact that the National Electricity Regulatory Commission (NERC) lacks budget for 2014, the Minister of Power, Professor Chinedu Nebo, has expressed confidence that the attainment of 10,000 mega watts of electricity before the end of...

  • Posted March 6, 2014
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  Fitch affirms Zenith, FBN Holdings, 8 others’ ratings

  Fitch Ratings has affirmed the Long-term Issuer Default Ratings (IDR) of Zenith Bank Plc, FBN Holdings Plc and eight other financial institutions. The others are First Bank of Nigeria Limited, United Bank for Africa Plc (UBA), Guaranty...

  • Posted March 6, 2014
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  Fuel scarcity: TUC asks FG to investigate activities of NNPC, oil marketers

  The Trade Union Congress of Nigeria (TUC) Tuesday asked the federal government to investigate the activities of the Nigerian National Petroleum Corporation (NNPC) and oil marketers if it really wants to put an end to the lingering...

  • Posted March 6, 2014
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  15 investors to fund power plant with $1bn

  The Federal Government on Monday secured a fresh investment of $1bn (about N160bn) from 15 investors to finance the Azura-Edo Independent Power Project. The Minister of Finance, Dr. Ngozi Okonjo-Iweala, said at a meeting with key global...

  • Posted March 6, 2014
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  Debt burden not a threat to economy – FG

  The Federal Government on Tuesday said that contrary to fears being expressed in some quarters about country’s mounting debts, the economy was not in any way threatened by the development. The Minister of Finance, Dr. Ngozi Okonjo-Iweala,...

  • Posted March 6, 2014
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