All posts by Ifreke Inyang

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  Lawmaker commends FG for banning importation of frozen products

  A lawmaker in the Osun State House of Assembly, Mr Ipoola Binuyo, has commended the Federal Government for banning the importation of frozen products including fish, chicken, turkey and gizzard. Binuyo, the Chief Whip of the House, made the...

  • Posted January 29, 2014
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  NSE moves 408.135m shares worth N4.97bn

  Investors at the Nigerian Stock Exchange (NSE) on Tuesday exchanged a total of 408.135 million shares worth N4.97 billion in 6,349 deals. This is against the 355.167 million shares valued at N3.82 billion traded in 5,580 deals...

  • Posted January 29, 2014
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  EU gives FG N4.2bn for investment climate reforms

  The European Union in a bid to boost trade and improve productive capacity in the country has launched the Nigeria Competitiveness Support Programme. The programme is supported by the German Society for International Corporation, United Nations Industrial...

  • Posted January 29, 2014
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  Power: Nigeria loses 2,994MW to gas shortage, faults

  Shortage of gas, faults and maintenance works on plants have combined to reduce power generation in the country to 3,674.9 megawatts from the 6,668.6MW available capacity of the power stations as of Monday. Available generation records from...

  • Posted January 29, 2014
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  N220bn debt, import allocation delay threaten fuel supply

  Nigeria may be heading for another round of fuel scarcity as a result of the failure of the Petroleum Products Pricing Regulatory Agency to release the import allocation for the first quarter of the year to oil...

  • Posted January 29, 2014
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  Naira falls to four-month low

  The naira fell for a fourth day after the Central Bank of Nigeria removed limits on how many dollars can be sold to foreign-exchange bureaus, driving demand for the United States currency. According to a Bloomberg report, the currency...

  • Posted January 29, 2014
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  Ecobank backs CBN’s cash-lite initiative

  Ecobank Nigeria has said it is committed to the cash-lite policy of the Central Bank of Nigeria. This, it said, prompted its unveiling of a ‘card 4 prizes promo’ to promote the use of alternative payment channels...

  • Posted January 28, 2014
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  South Africa may lose biggest economy status to Nigeria

  South Africa could soon lose its status as Africa’s biggest economy to Nigeria, but the race to be the continental powerhouse being the biggest may not be everything. Nigeria, Africa’s largest oil producer, will complete a rebasing...

  • Posted January 28, 2014
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  LCCI faults CBN over rise in Cash Reserve Ratio

  The Lagos Chamber of Commerce and Industry, LCCI, yesterday, warned the nation over the recent raise in the Cash Reserve Ratio, CRR, of public sector funds from 50 per cent to 75 per cent. It said it...

  • Posted January 28, 2014
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  FG appoints Mohammed Wasaram as new MD for NREA

  The Federal Government has appointed Mr. Mohammed Abubakar Wasaram, as the new Managing Director of the National Rural Electrification Agency, NREA. Wasaram succeeded Mr. Kenneth Achugbu, who was recently suspended by the Supervisory Board of the agency...

  • Posted January 28, 2014
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