All posts by Ifreke Inyang

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  FG will fast track connection of rural areas to national grid – Nebo

  The Minister of Power, Prof. Chinedu Nebo, said government would fast track the process of connecting Nigerians in the rural areas to the national grid. Nebo stated this while rounding off the 6th Power Summit/Civil Society Forum...

  • Posted February 2, 2014
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  BPE, NERC to ensure power firms keep agreements

  The Bureau of Public Enterprises has said that it will collaborate with the Nigerian Electricity Regulatory Commission to ensure that the privatised electricity distribution and generation companies comply with the agreements they signed with the Federal Government....

  • Posted February 2, 2014
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  CBN to withdraw N1tn from banks February 4

  Following the increase of the Cash Reserve Requirement on public sector deposits from 50 per cent to 75 per cent last week by the Monetary Policy Committee, the Central Bank of Nigeria will on February 4 withdraw...

  • Posted February 2, 2014
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  CBN laments non-accessability of N220bn fund for Edo SMEs

  The Governor of Central Bank, Sanusi Lamido Sanusi, has lamented the failure of the Small and Medium Enterprises in Edo to access the N220 billion intervention fund floated by government. Sanusi expressed his concern at the Government...

  • Posted February 2, 2014
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  EFCC, banks seek collaboration toward financial crimes

  The Economic and Financial Crimes Commission (EFCC) has pledged to deepen its collaboration with the Committee of Chief Compliance Officers (CCO) of commercial banks to eliminate financial scam. The collaboration was the fallout of a recent meeting...

  • Posted February 2, 2014
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  Agriculture transformation more of media hype — Oyekoya

  Prince Wale Oyekoya,  the Chairman, Lagos Chamber of Commerce and Industry (LCCI)’s agriculture sector  and also the MD/CEO of Bama farms. The farm is an integrated farms of poultry , piggery, fishery , and oil palms ....

  • Posted February 2, 2014
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  FG moves to revitalise iron, steel sub-sector

  The Federal Government says it has concluded plans to develop and implement a comprehensive Backward Integration Policy for the iron and steel sub-sector of the Nigerian economy. The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga,...

  • Posted February 2, 2014
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  11 vessels arrive in Lagos ports with petroleum products

  The Nigerian Ports Authority (NPA) on Friday said that 11 vessels carrying petroleum products had arrived in Lagos ports. NPA said that the vessels laden, with petrol, kerosene and base oil, were waiting to berth at various...

  • Posted February 1, 2014
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  Electricity consumers owe N41.5bn to KEDC

  The Kaduna Electricity Distribution Company (KEDC) said the consumers owed the company N41.5 billion electricity bills. The KEDC Managing Director, Malam Mohammed Idris, said that N40 billion was owed by the consumers in 2013, while N1.5 billion...

  • Posted February 1, 2014
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  Lagos Government shuts 250 firms over tax evasion

  The Lagos State Internal Revenue Service (LIRS) on Friday said that 250 companies were shut down in 2013 for not remitting their workers’ personal income tax to government. Mrs Folasade Coker-Afolayan, Head, Distrain Unit of LIRS, told...

  • Posted February 1, 2014
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