All posts by Ifreke Inyang

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  Aerotropolis will generate N100b annually – Oduah

  Aviation Minister, Mrs. Stella Oduah, has declared that the Nigeria Aerotropolis project will generate an estimated N100 billion annually for the country. She also disclosed that the United State, China, Turkey and other European countries have shown interest...

  • Posted December 6, 2013
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  Oil production crashes to lowest level in seven months

  The crude oil production from Nigeria, Africa’s biggest crude exporter, dropped to 1.89 million barrels per day in November, the lowest production level in seven months. The last time the country, which is targeting four million barrels per...

  • Posted December 6, 2013
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  NASENI, Chinese firm to establish three power plants

  The National Agency for Science and Engineering Infrastructure in collaboration with the China Great Wall Industry Corporation is in the process of establishing three plants to boost electricity in Nigeria. While two of the plants are for...

  • Posted December 6, 2013
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  Failed banks: NDIC worries over unclaimed deposits

  The Nigeria Deposit Insurance Corporation has expressed worry over the level of unclaimed deposits by customers of failed banks. The corporation said it was currently working on modalities that would enable it to identify and reach customers...

  • Posted December 6, 2013
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  Senate approves $200m World Bank loan for Lagos

  The Senate on Wednesday approved $200m being the second tranche of a $600m World Bank loan granted to the Lagos State Government under a development policy operation scheme it applied for in 2010. The scheme was to...

  • Posted December 6, 2013
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  Review of number portability rules postponed

  There are indications that the planned review of the conditions governing the Mobile Number Portability scheme has been shifted to a future date. Following the clamour by telecoms subscribers for the amendment of the MNP processes, a...

  • Posted December 6, 2013
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  Governor Orji presents N26.94bn supplementary budget to Abia assembly

  Gov. Theodore Orji of Abia on Wednesday presented a supplementary budget of N26.94 billion for the 2013 fiscal year to the state house of assembly. The News Agency of Nigeria (NAN) reports that the figure brings the...

  • Posted December 5, 2013
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  Auditors-General seek full autonomy

  Auditors-General in Nigeria, on Wednesday advocated for full autonomy to enable them discharge their responsibilities effectively. The auditors in a communique released after their 43rd conference in Sokoto, also demanded that their funding should come from the...

  • Posted December 5, 2013
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  NERC’s deadline to DISCOs for N10b remittance ends today

  The Nigerian Electricity Regulatory Commission (NERC) gave yesterday owners of Electricity Distribution Companies (DISCOs) today as deadline to make their outstanding N10billion remittance to the electricity Market Operators (MO) for the sale of electricity. NERC Chairman Dr....

  • Posted December 5, 2013
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  Federal Government okays N216b for Lekki Deep Sea Port project

  The Federal Executive Council (FEC) yesterday approved the N216billion ($1.354billion) Lekki Deep Sea port in Lagos–Nigeria’s first ever. The Minister of Information and Supervising Minister of Defence, Labaran Maku and the Minister of Transport Idris Umar broke...

  • Posted December 5, 2013
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