All posts by Ifreke Inyang

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  Oil revenue falls 19% below budget estimate — CBN

  The gross oil revenue for November last year fell by 19.1 below the monthly budget, according to the Central Bank of Nigeria’s latest monthly economic report. The CBN report stated that at N521.28bn gross oil receipts, which...

  • Posted February 14, 2014
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  FG, states to spend N11.14tn this year – Report

  The total amount budgeted by the 36 states of the federation and the Federal Government has been estimated at N11.14tn, according to a new report. The report by BGL Plc, a Nigeria-based financial research firm, shows that...

  • Posted February 13, 2014
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  To meet energy target Africa needs $40 bn investment annually — EU

  The European Union (EU) on Wednesday said Africa needs 40 billion dollars worth of annual investment to meet its energy needs by the year 2040. EU’s Special Representative to the African Union, Mr Gary Quince, said this...

  • Posted February 13, 2014
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  Nigeria receives $23m grant from GEF for environmental projects

  Nigeria has received grants totalling 23 million dollars in four years from the Global Environmental Facility (GEF), under its “Big Full Size” project funding, a desk officer, has said. Mrs Halima Mohammed, GEF’s Desk Officer in the...

  • Posted February 13, 2014
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  Power firms need to spend $23.9bn – BPE

  Power companies in the country require $23.9bn in capital expenditure over the next five years, the Director-General, Bureau of Public Enterprises, Mr. Benjamin Dikki, has said. Dikki said this at a forum in Abuja, according to a...

  • Posted February 13, 2014
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  FG sets N5tn revenue target for manufacturing sector

  President Goodluck Jonathan on Tuesday said the Federal Government expected the manufacturing sector to earn about N5tn in revenue annually following the inauguration of the Nigeria Industrial Revolution Plan and the National Enterprise Development Programme. Jonathan, who...

  • Posted February 13, 2014
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  CBN introduces N132bn MSME development fund for women

  The Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, has said that N132bn has been earmarked for providing financial services to women from the N220bn Micro, Small and Medium Enterprises Development Fund. The amount earmarked...

  • Posted February 13, 2014
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  Global standards: African regulators seek greater role

  Capital market regulators in Africa and the Middle East have emphasised the need for them to play a greater role when it comes to setting global standards. The regulators made the call at the ongoing 32nd Africa/Middle...

  • Posted February 13, 2014
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  Asaba airport cargo terminal to be ready in six months

  The former Minister of Aviation, Ms Stella Oduah, on Tuesday, said that the cargo terminal of the Asaba International Airport Terminal would be ready in six months. Oduah made the disclosure in Asaba during the foundation laying...

  • Posted February 12, 2014
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  NEITI condemns missing $20bn oil revenue

  The Nigeria Extractive Industries Transparency Initiative has expressed shock at the alleged non-remittance of $20bn oil revenue, attributing the development to the neglect of its audits and recommendations. The Chairman, NEITI, Mr. Ledum Mitee, who was at...

  • Posted February 12, 2014
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