All posts by Ifreke Inyang

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  Cash-less phase II: N20bn spent on PoS terminals

  The provision of Point of Sale terminals under the second phase of the cash-less policy in Lagos, Abia, Rivers, Anambra, Kano and Ogun states as well as the Federal Capital Territory, may have already gulped over N20bn....

  • Posted October 30, 2013
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  PHCN workers threaten nationwide blackout November 1

  Workers of the Power Holding Company of Nigeria have threatened to go on strike over the non-payment of severance benefits to about 55 per cent of the workforce. Over 2,000 workers under the aegis of the National...

  • Posted October 30, 2013
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  Microinsurance: NAICOM may issue licences to firms

  The National Insurance Commission may issue new licences to insurance firms to operate full fledge microinsurance companies just like the microfinance banks are operating in the banking sector, investigations have shown. In preparation for this, some insurance...

  • Posted October 30, 2013
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  Investors await listing of CWG on NSE

  Strong indications have emerged that investors are awaiting the listing of leading pan-African Information Communications Technology (ICT) company, Computer Warehouse Group (CWG) on the Nigerian Stock Exchange (NSE) in November.z THISDAY had reported the proposed listing of...

  • Posted October 29, 2013
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  Naira weakens to N166/$1 at parallel market

  There seems to be no end in sight to the volatility suffered by the naira as it depreciated significantly against the dollar at the parallel market to close at N166/$1 on Friday, from N163/$1 the preceding Friday....

  • Posted October 29, 2013
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  No increase in airfares — NCAA

  The Nigerian Civil Aviation Authority says it has not authorised any increase in airfare by any airline in the country. A statement signed  by the General Manager, Public Relations, NCAA,  Mr. Fan Ndubuoke, advised travellers to be...

  • Posted October 29, 2013
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  816,934 new jobs generated in six months — NBS

  The Nigerian economy generated a total of 816,934 jobs between the fourth quarter of 2012 and the first quarter of 2013, the National Bureau of Statistics has said. The NBS said this in the fourth quarter 2012...

  • Posted October 29, 2013
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  FG may stop electricity subsidy in 2014

  The Federal Government may discontinue the provision of subsidy on electricity for low income consumers from next year, the Nigerian Electricity Regulatory Commission has said. This, according to the commission, will affect low income electricity consumers in...

  • Posted October 29, 2013
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  Crude oil theft, another face of terrorism — FG

  Oil theft in Nigeria and its global support system represent another face of terrorism, which has been a cog in the wheel of the nation’s economic growth, the Federal Government has said. It said efforts at combating...

  • Posted October 29, 2013
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  World Bank willing to work with Nigeria on infrastructure development

  At the just concluded 2013 IMF World Bank Group Meeting in Washington the Nigerian delegation led by the Minister of Finance and Coordinating Minister of the Economy Dr. Mrs. Ngozi Okonjo-Iweala attended meetings back to back and...

  • Posted October 29, 2013
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