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All posts by Ifreke Inyang

  • FG starts physical handover of power plants by November – Igali

    The Federal Government on Thursday announced plans to start physical hand-over of the successor companies of the Power Holding Company of Nigeria (PHCN) to the new owners by November. Dr Godknows Igali, the Permanent Secretary of the...

    • Posted September 27, 2013
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  • UBA Metropolitan Life grows profit by 600%

    UBA Metropolitan Life Insurance Limited recorded more than 600 per cent growth in profit after tax for the financial year ended December 31, 2012, moving from a loss position of N93.85 million in 2011 to N501.14 million in...

    • Posted September 26, 2013
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  • Mark cautions on pension funds investments

    Senate President, David Mark, has asked the National Pension Commission, Pencom, not to invest the N3.50 trillion Contributory Pension Scheme (CPS) in states yet to commence full implementation of the scheme. This is just as Governor Ibikunle...

    • Posted September 26, 2013
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  • Capital market operators seek political stability to boost investment

    Some capital market operators have called on the Federal Government to ensure political stability in the country to boost investor participation in the capital market. They told newsmen in separate interviews in Lagos that the current political...

    • Posted September 26, 2013
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  • Manufacturers fuel generators with N42bn in 20 months

    Industrialists, under the aegis of the Manufacturers Association of Nigeria, spent over N42bn to fuel about 5,480 units of diesel/gas-powered generators in the last 20 months. The President, MAN, Chief Kola Jamodu, who gave this indication at...

    • Posted September 26, 2013
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  • FAAN faults Amaechi on PH airport upgrade

    THE Federal Airports Authority of Nigeria, FAAN, has refuted claims by Governor Rotimi Amaechi of Rivers State that the remodeling of the Port Harcourt International Airport, has been suspended by the Federal Government over the political face...

    • Posted September 26, 2013
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  • CBN will defend naira with reserves – Sanusi

    The Central Bank of Nigeria on Tuesday said it would do everything possible to defend the naira and ensure its stability, including using the nation’s foreign reserves to achieve the purpose. The Governor, CBN, Mr. Lamido Sanusi,...

    • Posted September 26, 2013
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  • FG saves N530bn from contracts – BPP boss

    The Federal Government has saved a total of N530bn from contracts as a result of its insistence on due process, the Director-General, Bureau for Public Procurement, Mr. Emeka Eze, has said. Speaking to State House correspondents after...

    • Posted September 26, 2013
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  • Stanbic IBTC partners firm on agric financing

    Stanbic IBTC Bank said it has gone into collaboration with Tata Africa Services and John Deere Financial, to provide financial services for the acquisition of agricultural machinery and heavy equipment. A statement from the bank yesterday disclosed...

    • Posted September 26, 2013
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  • Stakeholders apprehensive over Oando’s shares decline

    Stakeholders in the oil and gas industry are becoming apprehensive over the decline inOandoPlc shares, which dropped by 10 per cent on the Nigerian Stock Exchange last week. The drop in the Oando share price was attributed...

    • Posted September 25, 2013
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