All posts by Ifreke Inyang

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  Nigeria to get new national carrier before 2014

  The much-expected national carrier would be unveiled before the end of the year. This was disclosed weekend in Abuja by the Minister of Aviation, Princess Stella Oduah while speaking at the Aviation Workers Awards Night organized by...

  • Posted December 16, 2013
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  Internet:Telecom subscribers hit 56 million

  The Internet subscriber data on the Global System for Mobile Telecommunication and Code Division Multiple Access platforms is now 56,247,979. This shows an increase of 5,667,268 from the previous figure of 50,580,711 provided by the Nigerian Communications...

  • Posted December 16, 2013
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  WACL to build $50m ceramic tile factory

  The West African Ceramics Limited has announced plans to invest over $50m in the establishment of a ceramic tile factory in Ogun State. The Group Executive Director of the company, Alhaji Lawal Idirisu, was quoted as saying...

  • Posted December 16, 2013
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  GENCOs: Banks eye N678bn investment

  Local and international banks are now jostling for the funding of N678bn  rehabilitation of power generation companies. This indication emerged on Friday as virtually all the nation’s banks are showing renewed interests in the power transformation project....

  • Posted December 16, 2013
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  ExxonMobil sees 25% rise in oil demand

  Global oil demand will increase by 25 per cent by 2040 as new supplies, particularly from North America, meet the needs of a booming and energy-hungry population, United States  supermajor ExxonMobil said in its annual energy forecast....

  • Posted December 16, 2013
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  FAAC: FG strategies with States on boosting IGRs

  As the persistent shortfall in revenue continue s to cut deep into the nation’s resources, the federal government has begun strategising with state governments on how to boost internally generated revenue (IGR). Addressing journalists shortly after the...

  • Posted December 15, 2013
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  FG bans fish importation, prices already soaring

  Few weeks after the Minister of Agriculture and Rural Development, Mr. Akinwunmi Adesina, was honoured by Forbes magazine, more Nigerians have taken a swipe at his decision to place a ban on the importation of fish into...

  • Posted December 15, 2013
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  Ex-Nigeria Airways employees protest in Kano

  Some former employees of Nigeria Airways in Kano on Saturday staged a peaceful protest over non-payment of their entitlements for 20 years. The protesters, who thronged their former office on Bank Road in Kano at about 2p.m.,...

  • Posted December 15, 2013
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  Nigerians urged to embrace savings culture

  The Senior Vice-President/Divisional Head, Retail Banking, First City Monument Bank Limited, Mr. Olu Akanmu, has urged Nigerians to embrace savings culture. Akanmu stated this on Wednesday during the regional and zonal draws of the bank held in...

  • Posted December 15, 2013
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  Chinese firms sign $733m cement deal in Nigeria, Myanmar

  Two Chinese firms, Sinoma and CITIC Heavy Industries, have agreed deals totalling $733m to produce cement in Nigeria and Myanmar, respectively, as they expand in emerging markets overseas. Reuters reported that Sinoma International Engineering Company Limited, a unit...

  • Posted December 15, 2013
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