All posts by Ifreke Inyang

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  Sanusi decries low level of financial literacy

  The Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, has lamented the low level of financial literacy among Nigerians. He stated this at the second North East Economic Summit in Gombe. A statement by the...

  • Posted December 5, 2013
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  Forbes names Akinwumi Adesina African of the Year

  The Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, has been named Forbes African of the Year for his reforms in the country’s farming sector. A report by Reuters quoted Forbes Africa’s Editor, Mr. Chris Bishop, as saying,...

  • Posted December 5, 2013
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  FG supports power generating firms with N50bn

  The Federal Government on Tuesday endowed N50bn in escrow accounts of three Nigerian banks to support the efforts of power generation companies. The Director-General, Bureau of Public Enterprises, Mr. Benjamin Dikki, who signed the agreement with the...

  • Posted December 5, 2013
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  Customs take over destination inspection from Cotecna, others

  The Federal Government has approved the transition of destination inspection service from scanning service providers to the Nigeria Customs Service. The move, according to a statement issued by the Ministry of Finance on Tuesday, followed the expiration...

  • Posted December 5, 2013
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  Electricity bill payment not suspended – NERC

  The Nigerian Electricity Regulatory Commission (NERC) has said the payment of electricity bills by consumers nationwide was never suspended in the newly privatised power sector. Chairman of the Commission Dr. Sam Amadi stated this during a meeting...

  • Posted December 4, 2013
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  Investors reap N104bn from one week profit taking on NSE

  Investors’ sustained appetite for capital gains on the Nigerian Stock Exchange (NSE) last week impacted negatively on the overall value of listed equities and bonds. At the end of the weekly transactions, the market capitalisation of the...

  • Posted December 4, 2013
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  FG commissions 15MVA substation in Abuja

  The federal government has commissioned a double 15MVA injection substation at Apo in Abuja as part of its projects to improve electricity distribution networks and adequate power supply across the country. In his address, the Managing Director...

  • Posted December 4, 2013
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  FG begins 24-hour surveillance on Lagos-Ibadan Expressway

  The Federal Government says it has commenced 24-hour surveillance on sections of the Lagos-Ibadan Expressway, where major reconstruction work is currently ongoing. It said the move was aimed at ensuring an effective traffic control during the reconstruction....

  • Posted December 4, 2013
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  Nigeria to service debts with N2.08tn in three years

  THE Federal Government plans to spend a whopping N2.08tn to service its debts in the next three years. This came just as findings also showed that the country’s debt profile under the current Minister of Finance, Dr....

  • Posted December 4, 2013
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  Senate warns power firm owners against high tariff

  The Senate on Monday cautioned the new owners of the recently privatised power firms not to overburden electricity consumers with high tariffs. Although the Senate stated that it had not received any official document showing an increase...

  • Posted December 4, 2013
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