All posts by Ifreke Inyang

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  ‘Missing’ $10.8bn was spent by Nigerians – NNPC

  The Nigerian National Petroleum Corporation on Monday stated that the $10.8bn it allegedly failed to remit to the Federation Account was not missing but was instead spent by Nigerians. Specifically, the Group Managing Director, NNPC, Mr. Andrew...

  • Posted January 22, 2014
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  Subscribers’ N606.4b compensation demand uninformed – ALTON

  Mr Gbenga Adebayo, the Chairman, Association of Licensed Telecommunications Operators of Nigeria (ALTON) on Tuesday said that the N606.4 billion compensation demanded by subscribers was uninformed. Adebayo told the News Agency of Nigeria (NAN) in Lagos, that...

  • Posted January 22, 2014
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  NCC to support consumers to prosecute telecom operators

  The Nigerian Communication Commission (NCC) has promised to give necessary support to any consumer ready to prosecute any telecommunication operator in the country over poor services. Mr Reuben Muoka, NCC spokesperson, made this known in Abuja on...

  • Posted January 22, 2014
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  FG boosts dry season farming with N14bn

  The Federal Government on Monday boosted the 2014 dry season farming in the country with a N14bn support. President Goodluck Jonathan announced the financial support during the inauguration of the dry season farm support programme held at...

  • Posted January 22, 2014
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  Power supply worsens as gas shortage continues

  Nigerians will remain in the dark for a long time to come as the electricity supply situation has grown worse due to shortage of gas supply to the power generating plants. Our correspondents learnt that power supply...

  • Posted January 22, 2014
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  FG blames high recurrent expenditure on salary increase

  The Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Monday blamed the high recurrent expenditure pattern in the 2014 budget on the increase in the salaries of workers. The minister stated this in Abuja during the public presentation...

  • Posted January 22, 2014
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  FG raises N300bn for Lagos-Ibadan road, second Niger bridge

  The Federal Government is mobilising about N300bn from private investors under Public Private Partnership for the construction and rehabilitation of three major roads in Nigeria. According to the government, construction work on one of the projects has...

  • Posted January 22, 2014
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  EU import from Nigeria hits 33bn Euros

  Nigeria in 2012 recorded a trade surplus of 33 billion Euros with the European Union, EU, in overall trade volume of 44.4 billion Euros. Similarly, out-going Chinese ambassador to Nigeria, Deng Boqing, said weekend that the trade...

  • Posted January 21, 2014
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  Performance of manufacturing sector defies fiscal incentives

  The performance of the manufacturing sector of the economy has defied the various fiscal incentives introduced by the Federal Government to boost the sector. In spite of these incentives, the average contribution of the sector to the...

  • Posted January 21, 2014
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  Taxation: Lagos government captures additional 1.1 million adults

  Lagos State government said 1.1 million additional adults have been captured into the state’s tax net, increasing the number of tax payers to 4.2 million. It will be recalled that the state government, last year, said that...

  • Posted January 21, 2014
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