All posts by Ifreke Inyang

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  Okonjo-Iweala challenges accountants on wastages, leakages in govt. revenue

  The Coordinating Minister for the Economy and Minister of Finance, Mrs Ngozi Okonjo-Iweala on Friday, challenged accountants to address leakages in government revenue and wastages in expenditure pattern. Okonjo-Iweala, represented by her Permanent Secretary, Mrs Nwobia Daniel,...

  • Posted February 21, 2014
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  Senate orders committee to conclude work on PIB

  One year after mandating the Joint Committee on Petroleum (Upstream, Downstream) and Gas to carry out further legislation on the controversial Petroleum Industry Bill (PIB), the Senate yesterday ordered the committees to henceforth conclude work on the...

  • Posted February 21, 2014
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  External reserves drop by $3.4bn in three months

  The nation’s external reserves have dropped by $3.4bn in the last 12 weeks, according to the latest data from the Central Bank of Nigeria. Statistics on the CBN website showed the reserves crashed from $44.8bn on November...

  • Posted February 21, 2014
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  Lemo appeals to public to support CBN’s policies

  Immediate past Deputy Governor, Operations, Central Bank of Nigeria (CBN), Mr. Tunde Lemo, has called on the public to support the policies of the apex bank. He made this call while addressing journalists at the sidelines of...

  • Posted February 21, 2014
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  Airtel wins Lagos State Tax Compliance Award

  In recognition of its compliance with international corporate governance character, leading telecommunications operator, Airtel Nigeria was on recently awarded the Lagos State Government 2013 Tax Compliance Award. The Executive Governor of Lagos, Babatunde Raji Fashola (SAN) presented...

  • Posted February 21, 2014
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  Jonathan names Farouk Ahmed as new PPRA boss, summons NNPC chiefs

  President Goodluck Jonathan on Thursday approved the appointment of Mr. Farouk  Ahmed as Executive Secretary of the Petroleum Products Pricing Regulatory Agency. The appointment, which takes immediate effect, was announced in a statement by the Special Adviser to the...

  • Posted February 21, 2014
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  FG targets 460,000 jobs through growth employment project

  The Federal Government said it is targeting a minimum of 460,000 jobs within the next four years through the Growth and Employment Program. The Minister of Industry, Trade and Investment, Mr Olusegun Aganga, stated this on Thursday...

  • Posted February 21, 2014
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  CBN revokes operating licenses of 83 MFBs

  The Central Bank of Nigeria has announced the revocation of licenses of 83 Microfinance Banks  operating in the country. The closure of the affected institutions, according to the apex bank took effect from December 20, 2013. In...

  • Posted February 21, 2014
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  N543bn kerosene subsidy claims not yet verified – PPPRA

  The Petroleum Products Pricing Regulatory Agency said on Wednesday that about N543.89bn subsidy claims on imported kerosene by the Nigerian National Petroleum Corporation had not been fully verified. The agency said the subsidy covered importation for 19...

  • Posted February 21, 2014
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  Senator justifies takeover of NNPC’s forensic audit

  The Vice-Chairman, Senate Committee on Interior, Senator Olubunmi Adetunmbi, on Tuesday, justified the decision of the upper legislative chamber to take over the forensic audit of the accounts of the Nigerian National Petroleum Corporation due to the...

  • Posted February 20, 2014
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