All posts by Ifreke Inyang

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  Subsidy on electricity not necessary – FG

  The Federal Government has said it is not right to continue to subsidise electricity consumption by the citizens. According to the government, the power sector has been characterised by a series of challenges that require huge financial...

  • Posted February 4, 2014
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  Mainstreet, Keystone banks’ sale unlikely this year –AMCON

  The Asset Management Corporation of Nigeria has made a U-turn over its proposal to sell three rescued banks this year, saying it is not realistic to conclude all the deals in 2014. The rescued or bridge banks...

  • Posted February 4, 2014
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  Access Bank unveils SME capacity development solutions

  Access Bank Plc has unveiled a series of capacity development initiatives for its contractors, saying the move represents an innovative partnership that seeks to provide strategic solutions to enhance their operational efficiency. A statement by the bank...

  • Posted February 4, 2014
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  South African tourism berths in Lagos

  South African Tourism and by extension South Africa underlined the importance placed on Nigerian tourists by opening their first marketing office on the African continent in Lagos. The rainbow nation’s Tourism Minister, Mr Marthinus van Schalkwyk, along...

  • Posted February 3, 2014
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  Crisis looms in shipping sector as auto policy takes effect

  Freight forwarders who are protesting the new auto policy that takes effect this month have threatened industrial action against government, arguing that the regime of President Olusegun Obasanjo had in 1999 at a stakeholders’ meeting exercised caution...

  • Posted February 3, 2014
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  House summons NNPC, 499 firms over N1.4tn waivers

  The House of Representatives Committee on Customs and Excise will soon commence investigations of the Nigeria National Petroleum Corporation (NNPC), Oando Plc and 498 companies allegedly granted waivers totalling N1.4 trillion by the federal government between 2009-2013....

  • Posted February 3, 2014
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  NSE delisted six companies in 2013 — Report

  No fewer than six companies were among the entities and securities delisted from the Nigerian Stock Exchange in 2013; according to data obtained from the NSE. The companies were delisted in the space of eight months starting...

  • Posted February 3, 2014
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  Crude oil revenue drops by N208bn

  The Federal Government earned the sum of N1tn from crude oil sales within three months, an investigation has shown. The N1tn net oil revenue that accrued to the Federation Account between July and September 2013 indicated a...

  • Posted February 3, 2014
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  Group urges FG to revive ALSCON plant

  A coalition of groups from Ikot Abasi Federal Constituency in Akwa Ibom State has called on the Federal Government to resuscitate the Aluminium Smelter Company of Nigeria. The group alleged that since the plant was taken over...

  • Posted February 3, 2014
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  Subsidising low-income power consumers inappropriate – FG

  The Federal Government has said it is not right to continue subsidising electricity consumption in Nigeria. According to the government, the power sector has been characterised by series of challenges that require huge financial investments to address...

  • Posted February 3, 2014
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