All posts by Ifreke Inyang

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  Guinness posts N53bn turnover in six months

  Guinness Nigeria Plc has recorded a turnover of N53 billion for the half year period ended 31 December 2013.  The company results appeared to be impacted by continuing softness of the beer market. Other performance indicators show...

  • Posted February 20, 2014
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  NCAA sanctions 4 Airlines over abuse of passengers’ rights

  The Nigerian Civil Aviation Authority (NCAA) said on Wednesday that four airlines operating in the country were sanctioned last year, over alleged abuse of passengers’ rights. The Director-General of NCAA, Capt. Fola Akinkuotu, stated this in an...

  • Posted February 20, 2014
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  Most microfinance banks are sound – CBN

  The Central Bank of Nigeria has said most of the microfinance banks in the country are in sound health and that their performance is generally satisfactory. While noting that the microfinance sub-sector was being effectively regulated, the...

  • Posted February 20, 2014
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  Fuel scarcity: we are not on strike – PENGASSAN

  The Petroleum and Natural Gas Senior Staff Association on Wednesday in Abuja said that the union was not on strike. The General Secretary of the association, Mr Bayo Olowoshile, made this known in an interview with the...

  • Posted February 20, 2014
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  Reps panel to meet stakeholders on rice transformation agenda

  The House of Representatives has mandated its Committee on Customs to summon all relevant stakeholders to fashion a way forward on the rice transformation agenda. The House on Wednesday in Abuja, also called on the Federal Government...

  • Posted February 20, 2014
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  Reps urge CBN to monitor MSME fund implementation

  The House of Representatives has called on the CBN to “closely” monitor the implementation of the intervention fund it set aside for Micro, Small and Medium Enterprises. The House on Tuesday in Abuja also urged CBN to...

  • Posted February 20, 2014
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  IFC invests N800m in AB Microfinance Bank

  The International Finance Corporation (IFC), a member of World Bank Group, has signed an agreement to provide N800 million ($5 million) to AB Microfinance Bank. IFC said that the loan would help the Micro, Small and Medium...

  • Posted February 20, 2014
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  Bitflux offers N3.8bn to win the 2.3GHz spectrum band

  Bitflux Communications Ltd. on Wednesday in Abuja won the bid for the 2.3GHz spectrum for broadband deployment at the cost of 23.251 million dollars (N3.8 billion). The News Agency of Nigeria (NAN) reports that the company, a...

  • Posted February 19, 2014
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  Shippers Council threatens shipping companies, terminal operators over illegal charges

  Nigerian Shippers Council (NSC) has threatened to sanction erring shipping companies and terminal operators for increasing their service charges, including Deposit processing and storage charges without seeking approval from the Federal Government. In a warning notice which...

  • Posted February 19, 2014
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  Work on N100bn 2nd Niger Bridge commences next month

  Work  on the proposed  N100 billion Second Niger Bridge is to commence next month. Already, ministry officials said that preparations were in top gear for President Goodluck Jonathan to perform the ground-breaking ceremony on March 15, for work...

  • Posted February 19, 2014
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