All posts by Ifreke Inyang

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  Gas shortage, transmission hitches threaten power supply – Investors

  Private sector investors in the power generation and distribution companies on Wednesday said President Goodluck Jonathan’s directive to improve electricity supply across the country by June was being threatened by the inefficiency of the Transmission Company of...

  • Posted January 10, 2014
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  Operators fault NPA, back Shippers Council as port regulator

  Operators in the maritime industry have accused the management of the Nigerian Ports Authority, NPA, of neglecting their interest, even as they expressed confidence in the proposed move by the Federal Government to make the Nigerian Shippers...

  • Posted January 10, 2014
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  CBN introduces new payment system

  The Central Bank of Nigeria (CBN) has introduced a new payment system called Real-Time Gross settlement (RTGS) system as part of efforts to implement Payment System Vision (PSV)2020 strategy. Mr Tunde Lemo, CBN Deputy Governor (Operations), made...

  • Posted January 10, 2014
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  Poor services: Telecoms firms know fate soon

  Telecommunications service providers will know their fate later this month as far as punishment for rendering poor quality services is concerned. Our correspondent learnt from a top source in the Ministry of Communications Technology that the industry...

  • Posted January 10, 2014
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  NIMET, accident bureau move to prevent air mishaps

  The Nigerian Meteorological Agency and the Accident Investigation and Prevention Bureau have announced that they have doubled their efforts to enhance aviation safety and security this year. The spokesperson, Aviation Parastatals, Mr. Yakubu Dati, who gave the...

  • Posted January 10, 2014
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  Oando nears completion of $1.66bn asset acquisition

  Oando Plc, an indigenous energy group listed on both the Nigerian and Johannesburg stock exchanges, on Wednesday said it was on the verge of completing its purchase of ConocoPhillips’ Nigerian assets valued at $1.66bn. SBG Securities’ oil...

  • Posted January 10, 2014
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  FG lifts ban on oil bunkering operations

  The Federal Government has given a nod for the resuscitation of oil bunkering operations in the nation’s territorial waters. According to experts, bunkering is like running a gas station on the sea. It provides fuel such as...

  • Posted January 10, 2014
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  Investors to raise N117bn for Lagos-Ibadan Expressway reconstruction

  Indication emerged on Tuesday that the reconstruction of the Lagos-Ibadan Expressway would be largely private-sector financed. The Federal Government said it had made a provision for N50bn, representing 30 per cent of the N167bn cost of the...

  • Posted January 9, 2014
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  NLC demands urgent passage of PIB

  NIGERIA Labour Congress, NLC, has declared as unacceptable the fact that the Nigeria’s petroleum sector is still regulated by the old Petroleum Act of 1969, calling on the National Assembly to immediately pass the protracted Petroleum Industry...

  • Posted January 9, 2014
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  Presidency, police insurance, bank charges to gulp N556m

  The Presidency, ministries of Agriculture and Rural Development and Finance, as well as police formations and commands, among others, are to spend the sum of N555.98m on financial expenses such as bank charges and insurance premium this...

  • Posted January 9, 2014
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