All posts by Ifreke Inyang

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  Cement industry attracts $8bn new investments – Aganga

  Nigeria’s cement industry has attracted additional investment worth $8bn, driven largely by the implementation of the Federal Government’s Backward Integration Policy, according to the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga. The minister, who said...

  • Posted January 24, 2014
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  Faulty transformer: Ikeja Disco begins electricity rationing

  The  Ikeja Electricity Distribution Company has begun power rationing at Agege, Oko-Oba, Abesan, Ipaja, Abule Odu and environs after one of its major transformers developed a fault. The management of the Disco, in a statement on Wednesday,...

  • Posted January 24, 2014
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  SEC approves rules for Investor Protection Fund

  The Securities and Exchange Commission has approved the proposed rules to govern the Investor Protection Fund, according to the Nigerian Stock Exchange. A statement posted on the NSE website said the bourse received SEC’s approval of the...

  • Posted January 24, 2014
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  Insurers lose over $70m to fake brown card

  Insurance managers   across the Economic Community of West African States lose about $70 million to the menace of fake brown cards operators, Secretary General, Nigerian National Bureau, ECOWAS Brown Card Insurance Scheme, Mrs. Henrietta Anyanna has...

  • Posted January 23, 2014
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  India’s export to Nigeria triples to $11bn

  The Head of the Lagos office of Indian Embassy Rani Malick, has disclosed that India’s export to Nigeria during the past few years has tripled to the tune of 11 billion dollars due to a robust bilateral trade...

  • Posted January 23, 2014
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  Sterling Bank’s rights issue records 103.3% subscription

  Sterling Bank Plc. has recorded 103.3 percent subscription in its just concluded rights issue of 5.89 billion ordinary shares of 50 kobo each. According to a statement from  the bank, the rights issue, which was sold at...

  • Posted January 23, 2014
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  FG targets 10,000MW of electricity with 200 dams

  The Federal Government has said it is currently building over 200 new dams in order to achieve its target of 10,000 megawatts of electricity at the end of this year. Vice-President Namadi Sambo stated this on Tuesday...

  • Posted January 23, 2014
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  Reserves, Excess Crude Account depletion threatens economy – CBN

  The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday expressed concern over the continued depletion of the Excess Crude Account, external reserves and portfolio inflows into the country. The committee said the country had...

  • Posted January 23, 2014
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  Sokoto earmarks N5.63bn for expansion of Asare water project

  The Sokoto State Executive Council on Wednesday approved N5.63billion for expansion of the Asare Water Project in the state. The state Commissioner for Water Resources, Alhaji Shehu Dalhatu, made this known when he briefed newsmen on the...

  • Posted January 23, 2014
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  Customs generate N8.48bn in 2013 at Seme border

  The Area Comptroller, Seme Border Command of the Nigeria Customs Service, Mr Willy Egbudin, on Wednesday said the command generated N8.48bn between January and December, 2013. Egbudin told a news conference at the Seme border town, near...

  • Posted January 23, 2014
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