All posts by Ifreke Inyang

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  Tokunbo levy increase: Operators call for probe of NAC levy

  Following the recent increase in the levy for imported fairly used vehicles popularly called “Tokunbo”, operators in the maritime industry have called on the Federal Government and the National Assembly to probe years of collection of the...

  • Posted January 1, 2014
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  Forte Oil, Transcorp join most capitalised NSE stocks

  Forte Oil Plc and Transnational Corporation of Nigeria Plc will on January 2, 2014 join the Nigerian Stock Exchange 30 Index following a year-end index review. The NSE 30 Index measures the performance of 30 of the...

  • Posted January 1, 2014
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  Civil servants threaten strike over delayed salary

  The Association of Senior Civil Servants of Nigeria on Monday gave the Federal Government a notice of its intention to embark on a strike any moment from now over the non-payment of December salary and outstanding emoluments...

  • Posted January 1, 2014
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  Jonathan re-appoints Orhii as NAFDAC DG

  President Goodluck Jonathan has approved the re-appointment of Dr Paul Orhii as the Director-General of the National Agency for Food and Drug Administration and Control with effect from Jan. 13, 2014. This is contained in a statement...

  • Posted January 1, 2014
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  813 illegal oil refineries destroyed in 2013 – Civil Defence

  The Nigeria Security and Civil Defence Corps destroyed 813 illegal oil refineries and arrested over 1,590 oil-related criminal suspects in 2013, Dr Ade Abolurin, the Commandant-General, has said. This is contained in a statement signed by CSC...

  • Posted January 1, 2014
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  Non-payment of bills posing big challenge to DISCOs – BEDC

  THE management of  Benin Electricity Distribution Company, BEDC, in charge of Asaba and Agbor districts in Delta State, has decried the non-payment of electricity bills by consumers, noting that same was  posing a big challenge to the...

  • Posted December 31, 2013
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  Fuel scarcity looms as oil workers insist on strike

  Fuel scarcity looms as the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, and Petroleum and Natural Gas Senior Staff Association of Nigeria, PENSASSAN,  yesterday insisted on going on strike tomorrow to protest the proposed sale...

  • Posted December 31, 2013
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  Stock market value rises to N12.87tn

  The equities segment of the Nigerian capital market, which has posted impressive annual returns in the last two years, has reached a new high in terms of value. On Friday, the market capitalisation, which measures the value...

  • Posted December 31, 2013
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  Nigerians may celebrate New Year in darkness

  Majority of Nigerians may celebrate the New Year festivity in darkness as power cut worsens. Many electricity consumers were thrown into darkness during the Yuletide season and the situation has not improved. Our correspondent learnt that power...

  • Posted December 31, 2013
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  LCCI raises concern over SMEs, manufacturing sector

  The Lagos Chamber of Commerce and Industry has expressed concern over the state of Small and Medium Enterprises and the manufacturing sector, which it described as the most troubled sector of the economy. In a statement on...

  • Posted December 31, 2013
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