All posts by Ifreke Inyang

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  Agric minister donates N10m to Plateau farmers

  The Minister of Agriculture and Natural Resources, Dr Akinwumi Adesina, has donated N10 million to Plateau Fadama III Farmers’ to aid them in establishing Fadama Micro-finance Bank. The bank is a brain child of the Fadama III farmers...

  • Posted February 12, 2014
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  Coscharis partnership excites Rolls Royce

  Preparatory to the formal launch of Rolls Royce in Nigeria by May this year, Rolls Royce top officials were in Nigeria recently to access the level of work done by its Nigerian representative, Coscharis Motors. The visiting Rolls...

  • Posted February 12, 2014
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  Queues resurface as marketers disagree over fuel supply

  Queues by motorists resurfaced in some parts of Lagos on Monday over fears of an impending petrol scarcity. Though it could not be distinguished on Monday whether the queues were as a result of panic buying or...

  • Posted February 12, 2014
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  No substandard cement in the market – SON

  The Director-General, Standards Organisation of Nigeria, Dr. Joseph Odumodu, has intervened in the controversy over the quality of the different grades of cement in the market, saying there is no substandard cement in the market, but that...

  • Posted February 12, 2014
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  Don’t employ without approval – CBN tells banks

  The Central Bank of Nigeria has barred Deposit Money Banks and discount houses from recruiting new employees without first seeking the central bank’s written approval. The development followed the rising cases of fraud and the attendant recycling...

  • Posted February 12, 2014
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  Federal Government, states owe N10tn – DMO

  The federal and 36 state governments as well as the Federal Capital Territory owe N10.04tn ($64.51bn) as of December 31, 2013, the Debt Management Office has said. Statistics obtained from the website of the DMO on Monday...

  • Posted February 12, 2014
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  UBA commits to business integrity

  The United Bank for Africa Plc has reiterated its commitment to adhere to the Convention on Business Integrity, which defines a minimum standard for business integrity in Nigeria. The Convention on Business Integrity was established with the...

  • Posted February 11, 2014
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  Non-performing power firms will lose licences – FG

  In a bid to stem the rising power outages across the country, the Federal Government has declared that it will withdraw the operational licences of poorly performing power firms. According to the government, the new owners of...

  • Posted February 11, 2014
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  Nigerian banks invest N750bn to develop power sector

  Deposit Money Banks in Nigeria have invested over N750bn in the country’s power sector since the commencement of the privatisation exercise of the industry. The DMBs also announced their readiness to plough more funds into the sector...

  • Posted February 11, 2014
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  Interbank market liquidity defies CRR debit, closes at N612bn

  The amount of idle cash in the interbank money market closed at N612 billion last week.The liquidity surplus was despite debit of banks  for cash reserve ratio (CRR) of N583 billion for the month of January. The...

  • Posted February 11, 2014
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