All posts by Ifreke Inyang

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  Uwaga emerges new NIM president

  The Nigerian Institute of Management (Chartered) has elected new principal officers to run its affairs for the next two years with Dr. Nelson Uwaga, a consultant pharmacist and an alumnus of the National Institute for Policy and...

  • Posted December 13, 2013
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  Mortgage refinance company to reduce lending rate

  The Federal Government’s Nigeria Mortgage Refinance Company will reduce the interest rate on mortgage loans by commercial banks to about 13 per cent from between 18 and 22 per cent, the Mortgage Banking Association of Nigeria has...

  • Posted December 13, 2013
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  Julius Berger fined $32m for bribing Nigerian officials

  The United States Justice Department and the Federal Bureau of Investigation said on Tuesday the German-based international engineering company, Bilfinger SE, had agreed to pay a $32m penalty for charges relating to the Foreign Corrupt Practices Act...

  • Posted December 13, 2013
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  NCAA commences audit of Dana Airlines

  Two months after the suspension of the operations of Dana Airlines, the Nigerian Civil Aviation Authority has commenced a full scale operational audit of the airline. This was disclosed by the Director-General, NCAA, Mr. Fola Akinkuotu, in...

  • Posted December 12, 2013
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  44% of LGAs lack optic fibre backbone – NCC

  Forty-four per cent of the 774 local government areas in the country do not have any form of fibre optic backbone for Internet connectivity, the Nigerian Communications Commission has said. Even the presence of fibre optic backbone...

  • Posted December 12, 2013
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  “Don’t blame banks for poor lending to SMEs” – Sanusi

  The Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, has said that the harsh operating environment in which banks conduct their business is currently hampering the flow of credit to the Small and Medium Scale Enterprises sector....

  • Posted December 12, 2013
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  FG to empower 50,000 graduates in 2015

  The Federal Government has stated that it will empower 50,000 graduates by the year 2015, with quality work experience under the Graduate Internship Scheme, GIS. GIS is one of the Social Safety Net (SSN) projects of the...

  • Posted December 12, 2013
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  FG scrutinises MDAs’ accounting records, bank statements

  The Federal Government, through the Office of the Accountant-General of the Federation, has begun the electronic inspection of the accounting records and bank statements of its ministries, departments and agencies. The OAGF said the inspection was part...

  • Posted December 12, 2013
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  Transcorp reduces liabilities by N7.3bn, forecasts N7bn profit by 2013

  Transcorp Plc. has reduced its contingent liabilities by N7.3 billion following its reorganisation scheme, even as it projects a Profit Before Tax (PBT) of N7 billion for the year ending 2013. The Managing Director, Transcorp Plc, Mr....

  • Posted December 12, 2013
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  NSE fines 15 companies N38.1 million over default filings

  The Nigerian Stock Exchange, NSE, has wielded the big stick on fifteen companies for filing their 2012 financial statements after the due regulatory date. Information gathered from the website of the Nigerian bourse, in its X-Compliance report...

  • Posted December 11, 2013
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