All posts by Ifreke Inyang

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  External reserves fall by $301m as Naira loses 2 kobo

  The nation’s external reserves continued its downward trend as it fell by $301 million to $43.31 billion  from $43.61 billion in the first six days of 2014. Meanwhile, the naira depreciated marginally by two kobo at the...

  • Posted January 9, 2014
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  Presidency to get draft revenue formula soon – RMAFC

  The draft revenue formula will soon be sent to the Presidency, the Revenue Mobilisation Allocation and Fiscal Commission has said. In a telephone interview with our correspondent in Abuja on Tuesday, the Head, Public Relations, RMAFC, Mr....

  • Posted January 9, 2014
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  Poor services: Subscribers want sanctions for telecoms firms

  Telecomms subscribers in the country have called on the Ministry of Communication Technology, Consumer Protection Council and the Nigerian Communications Commission to punish telecoms operators for rendering poor quality services in line with their decision last month....

  • Posted January 9, 2014
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  Ebonyi biomass turbine project to cost $15m – Official

  The five megawatts Ebonyi biomass gas turbine project being executed in collaboration with the UN Industrial Development Organisation, is to gulp $15m dollars, according to an official. Chief Ben Okah, the Commissioner for Public Utilities, told the...

  • Posted January 9, 2014
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  Lemo retires as CBN deputy governor

  The Central Bank of Nigeria (CBN) has announced the retirement of Mr Babtunde Lemo, the Deputy Governor, Operations Directorate. In a statement in Abuja on Wednesday, the Apex bank said that Lemo was retiring from service on...

  • Posted January 8, 2014
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  Stakeholders hail MorganCapital on Ekiti N5bn bond

  Commended MorganCapital Group, one of leading investment banking and securities dealing firms in the country for its crucial role in ensuring the success of the second tranche of the Ekiti State N25 billion bond raising programme. The...

  • Posted January 8, 2014
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  Ban on rice importation: Dealers appeal for deadline extention

  Rice dealers on Tuesday in Asaba appealed to the Federal Government to extend the deadline for the proposed ban on the importation of rice from 2015 to 2019. The dealers, who made the appeal while speaking with...

  • Posted January 8, 2014
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  AMCON to restructure airlines’ debts

  The Asset Management Corporation of Nigeria on Monday said it would restructure the multibillion naira debt owed by domestic airlines as part of its debt recovery plan for the year. The move, it said, would enable the...

  • Posted January 8, 2014
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  CBN defended naira with $26.6bn in 2013 – Report

  In a bid to save the naira from devaluation last year, the Central Bank of Nigeria defended the currency with approximately $26.6bn from the nation’s external reserves; findings by our correspondent have shown. Information obtained from the...

  • Posted January 8, 2014
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  FG seeks alternative means to complete Ajaokuta Steel Company

  The Federal Government said it had started to look for alternative ways of funding the completion of the Ajaokuta Steel Company in Kogi. The Permanent Secretary, Ministry of Mines and Steel Development, Mr Femi Jegede, made the...

  • Posted January 8, 2014
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