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All posts by Ifreke Inyang

  • Omatek engages CBN, BOI on single digit funding rate

    Omatek Plc, has disclosed plans to engage the Central Bank of Nigeria, CBN and Bank of Industry, BOI on a single digit funding rate that would assist small and medium companies raise working capital, even as the...

    • Posted December 11, 2013
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  • Sales of refineries: FG to negotiate with labour, stakeholders

    The Minister of Petroleum Resources, Mrs. Diezani Alision-Madueke has said the government was ready to discuss and negotiate with organised labour in the sector with a view to ensuring smooth sail of the privatisation of the nation’s...

    • Posted December 11, 2013
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  • NNPC failed to remit $49.8bn – Sanusi

    An online news medium, SaharaReporters, reported on Monday that the Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, had accused the Nigerian National Petroleum Corporation of failing to remit $49.8bn (about N8tn) to the Federation Account...

    • Posted December 11, 2013
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  • NAMA advises operators on air safety measures

    The Managing Director, Nigerian Airspace Management Agency, Mr. Nnamdi Udoh, on Monday in Lagos tasked African aviation experts to ensure safety precautions in their respective fields. The NAMA boss said this while addressing participants at a three-day...

    • Posted December 11, 2013
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  • Agricultural sector needs urgent revitalisation – NSE

    The country’s agricultural sector is currently experiencing a downturn and needs to be urgently revitalised, the Nigerian Society of Engineers has said. According to the body, agriculture constituted the major source of the country’s income years back...

    • Posted December 11, 2013
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  • Oando, German firm sign €5m LPG deal

    Oando Marketing Plc has signed an agreement with KFW, a German government-owned development bank based in Frankfurt, to invest €5m (over N1bn) in the cooking gas market in Nigeria. The company, in a statement on Monday, said...

    • Posted December 11, 2013
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  • FG to review public service reforms

    The Federal Government has unveiled a plan to review the national strategy on public service reforms in line with the current macro-economic realities. The Director-General, Bureau of Public Service Reforms, Dr. Joe Abah, gave the hint in...

    • Posted December 10, 2013
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  • SON tightens surveillance on importers of substandard products

    The Standard Organisation of Nigeria, SON, has tightened its surveillance on importers of fake and substandard products in order to rid the nation’s markets of poor quality goods. The Director-General of SON, Dr. Joseph Odumodu said the organisation...

    • Posted December 10, 2013
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  • N10bn debt: Power investors struggle to beat deadline

    To avoid possible sanctions by the Nigerian Electricity Regulatory Commission, private power investors that last week defaulted in remitting about N10bn to the Federal Government’s coffers struggled to beat the 24-hour deadline. The actual amount remitted by...

    • Posted December 10, 2013
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  • Agriculture secures 4% of banks’ loans

    The Federal Government has said that the agricultural sector now gets four per cent of the total loan portfolio available in the Nigerian banks. The Minister of Information, Mr. Labaran Maku, who said this while briefing journalists...

    • Posted December 10, 2013
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