All posts by Ifreke Inyang

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  NAHCo invests N11.3bn in equipment

  The Nigerian Aviation Handling Company said it had in the last 24 months spent over N11.3bn ($70m) to procure equipment to boost its activities. The Chairman, NAHCo, Mallam Suleiman Yahyah, said this on the sideline of the...

  • Posted October 4, 2013
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  Aluko, Boateng launch $500m African development fund

  Nigerian oil magnate, Kola Aluko, and Ghanaian-born British fashion designer, Ozwald Boateng, have launched the Africa50, a $500m African infrastructure project development fund. Oscar-winning actor and musician, Jamie Foxx, joined the two African businessmen to officially launch...

  • Posted October 4, 2013
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  FG to buy made-in-Nigeria vehicles

  The Federal Government on Wednesday approved the Automotive Industrial Policy Development Plan for the country. The decision was taken at the Federal Executive Council meeting presided over by President Goodluck Jonathan. Through the policy, the government hopes...

  • Posted October 4, 2013
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  NDIC, judiciary, police to prosecute operators, debtors of 103 MFBs

  The Nigeria Deposit Insurance Corporation, NDIC has disclosed that plans are underway to  prosecute operators and debtors who contributed to the collapse of 103 Micro Finance Banks (MFBs) in 2012. The Managing Director / Chief Executive Officer,...

  • Posted October 4, 2013
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  Taraba government woos agric, solid minerals investors

  The Taraba State Government is seeking local and foreign investors to take the advantage of its vast arable land and large mineral deposits by investing. Speaking at the ongoing Abuja Trade Fair, the state’s Acting Governor, Alhaji...

  • Posted October 4, 2013
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  CBN sold $2.8bn to stabilise naira in September

  Despite the pressure faced by the naira at other segments of the forex market in September, the traditional intervention of the Central Bank of Nigeria (CBN) at its regulated Wholesale Dutch Auction System (WDAS) during the month...

  • Posted October 3, 2013
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  Nigeria spent $4.2 bn on importation of cars in 2010 – Maku

  The Federal Executive Council (FEC) on Wednesday in Abuja approved the Automotive Industry Development Plan for the development of the nation’s automotive industry. The Minister of Information, Mr Labaran Maku, told State House correspondents after the weekly...

  • Posted October 3, 2013
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  Lagos almost self-sufficient in power generation – Fashola

  Lagos State Government has said its energy reform initiatives are yielding positive result with the state close to being self-sufficient in its power needs. To this end, it said a number of public institutions was being moved...

  • Posted October 3, 2013
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  $4,000 tax: Charter airlines, FG set for battle

  Charter airline operators in the country have secretly gathered a team of ‘strong lawyers’ to battle the Federal Government at the Federal High Court in Lagos over the legality of the $4,000 tax the Nigerian Civil Aviation...

  • Posted October 3, 2013
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  PFAs invest N49.6bn in foreign market

  Pension Fund Administrators have invested about N49.6bn out of the total funds in the Contributory Pension Scheme in foreign markets, an investigation has shown. According to figures on the activities of the PFAs, which were obtained by...

  • Posted October 3, 2013
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