All posts by Ifreke Inyang

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  CBN issues IT guidelines to banks

  The Central Bank of Nigeria has issued a blueprint for Information Technology standards and the governance framework to be adopted by all banks. The CBN said the development was based on the need to identify and adopt...

  • Posted January 18, 2014
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  Bademosi resigns from Wema Bank

  A member of the Board of Wema Bank Plc, Mr. Opeyemi Bademosi, has resigned his appointment as a non-executive director of the bank. According to a statement from the bank to the Nigerian Stock Exchange, Bademosi’s resignation...

  • Posted January 18, 2014
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  Scandals: FG reduces aviation ministry’s budget by N9.3bn

  The different scandals and the huge amount of funds in the coffers of the Federal Ministry of Aviation may have necessitated the slashing of its budget for this year by N9.3bn when compared to what it got...

  • Posted January 18, 2014
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  N170.7bn lost to waivers in three years – Okonjo-Iweala

  Nigeria lost N170.73bn to exemptions and import waivers in the last three years, the Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said. The minister gave the figure in her response to one of the 50 questions on...

  • Posted January 18, 2014
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  Pipeline vandalism: Kwara IPMAN threaten to down tools

  The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Thursday alerted  members of the public of another round of hardship arising from petrol scarcity following the activities of vandals along the Ogbomoso-Ilorin oil pipelines. The IPMAN observation is coming just...

  • Posted January 18, 2014
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  Nigeria attracts $8bn in Foreign Direct Investment – FG

  The Minister of Foreign Affairs, Prof. Viola Onwuliri, has put the value of Foreign Direct Investment in the Nigerian economy at $8bn. She stated this at a press briefing on Thursday in Abuja where she gave the...

  • Posted January 17, 2014
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  Nigeria overstates crude production in 2014 budget – Report

  Global rating agency, Standard & Poor’s, S&P, yesterday, raised concerns that Nigeria’s crude oil production forecast of 2.39 million barrels a day in the 2014 budget, was over-estimated. This, according to the rating agency, was due to...

  • Posted January 17, 2014
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  Unilever Nigeria appoints Yaw Nsarkoh as Managing Director

  Unilever Nigeria Plc has announced the appointment Mr. Yaw Nsarkoh as its Managing Director effective 1st January 2014. Until this appointment, he served as Managing Director, Unilever East and Sothern Africa, based in Kenya. According to a statement...

  • Posted January 17, 2014
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  Why FG shelved privatisation of refineries — Maku

  The Federal Government suspended the proposed sale the nation’s four refineries in order to ensure the stability of the political environment, the Minister of Information, Mr. Labaran Maku, has said. Maku, who spoke in an interview with...

  • Posted January 17, 2014
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  FG bans importation of analogue TVs, transmitters

  From June 17 this year, it will not be business as usual for importers and users of analogue television sets and transmitters as the Federal Government will place a ban on the products. The move is aimed...

  • Posted January 17, 2014
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