All posts by Ifreke Inyang

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  Power: Increasing supply through $6.06m World Bank-funded substation

  In 2007, the Federal Government received a credit of $172million from the International Development Association (IDA) of the World Bank to facilitate the National Energy Development Project. Part of the proceeds of this credit was used to finance...

  • Posted November 4, 2013
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  CBN receives ISO 27001: 2005 Certification

  The Central Bank of Nigeria (CBN) will on Wednesday, November 6 formally receive the International Standard Organisation ISO 27001:2005 Certificate issued by the British Standards Institution (BSI) Assurance UK Ltd for ensuring that its processes, systems, data processing...

  • Posted November 4, 2013
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  Power: Eko Disco gets N39.7bn to upgrade infrastructure

  The new owner of Eko Electricity Distribution Company, West Power & Gas Limited, has unveiled plans to invest $250m (N39.7bn) to transform the facility and improve its distribution network. The Chairman of the company, Mr. Charles Momoh,...

  • Posted November 4, 2013
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  Budget: Five ministries seek more allocation to empower women

  Five ministries – Communication Technology, Agriculture, Water Resources, Health and Works – will receive extra budgetary allocations in 2014 for initiatives that impact on females and harness their potential in national development. Already, it was learnt that...

  • Posted November 4, 2013
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  Bauchi to construct 120mw power plant

  Bauchi State Governor, Isa Yuguda, on Friday said that the construction of the 120 megawatts Yankari power plant would start in two months. The governor said this when the management team of SINOMAC, a Chinese energy and...

  • Posted November 3, 2013
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  Customs impounds contraband worth N265m

  The Federal Operations Unit (FOU), Nigeria Customs Service (NCS) Zone ‘C’ Owerri, Imo State, has made a total of 31 seizures of contraband. The seizures which include 2 by 20 ft containers filled with printed textile materials...

  • Posted November 3, 2013
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  Access Bank assures customers on innovative services

  Access Bank has reiterated its pledge of improved financial services to its customers. A statement quoted the bank’s Group Deputy Managing Director, Mr. Herbert Wigwe to have said this during an interactive session with the bank’s customers...

  • Posted November 3, 2013
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  GM reports third quarter net income of $0.7bn

  General Motors Co.  (GM)  on Wednesday announced third quarter net income to common stockholders of $0.7 billion or $0.45 per fully diluted share, down from $1.5 billion or $0.89 per fully diluted share a year ago. Improvement...

  • Posted November 3, 2013
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  Right balance, key in appointing my successor – Sanusi

  The Governor of the Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi Friday stated that having the right balance in appointing his successor was more important than whether his successor was appointed from outside or within the...

  • Posted November 3, 2013
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  CBN restates pledge to reduce unbanked population

  The Central Bank of Nigeria (CBN) has reiterated its commitment to reducing the number of Nigerians without bank accounts to the barest minimum by the year 2020. It said the move was in line with the 2011...

  • Posted November 2, 2013
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