All posts by Ifreke Inyang

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  Suntory to buy GSK’s Lucozade, Ribena drinks for $2.1 billion

  Japan’s Suntory Beverage & Food Ltd is to buy GlaxoSmithKline’s Lucozade and Ribena brands for 1.35 billion pounds to help it expand into new markets. The acquisition, announced by the companies on Monday, had been widely anticipated...

  • Posted September 10, 2013
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  Lagos pays 185 retirees N943.14m

  Lagos State government has paid 185 of its retirees the sum of N943.1m. The payment was made recently during a retirement bond certificates presentation ceremony a statement said on Sunday. During the presentation, the Director-General, Lagos State...

  • Posted September 10, 2013
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  NUPENG delighted over Dangote refinery

  NIGERIA Union of Petroleum and Natural Gas Workers, NUPENG, weekend, expressed delight over the proposed N9billion Dangote refinery/petro-chemical and fertiliser complex expected to assume production in 2016. NUPENG said the refinery would go a long way to...

  • Posted September 10, 2013
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  Nigerians will soon fly low cost airline – Elk

  Pioneer Managing Director of Arik Airline, Mr. Alex Van Elk has revealed that Nigerians will soon witness the payment of low airfares to any destination within the country as he was determined to float a profitable low...

  • Posted September 9, 2013
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  NCC warns telecoms operators on quality of service

  The Nigerian Communications Commission has asked telecoms operators in the country not to compromise their quality of service because of sales promotions. Executive Commissioner, NCC’s Stakeholders’ Management, Mr. Okechukwu Itanyi, gave the advice on Friday during the...

  • Posted September 9, 2013
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  Dangote’s oil refinery loan has 7-year tenor – Banking sources

  The $3.3 billion syndicated loan secured by Dangote Industries last week to build a 400,000-barrel per day oil refinery and petrochemical plant is said to have a seven-year pay back period. A banker who was part of...

  • Posted September 9, 2013
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  Air safety: Aviation minister seeks collaboration with Air Force

  Aviation Minister, Princess Stella Oduah,  has called for  collaboration and partnership between Civil and Military Aviation in order to  enhance and guaranty the safety of the Nigerian Airspace. Oduah said this when Chief of Air Staff, Air...

  • Posted September 9, 2013
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  Lekki-Epe road: Olu-Adegboruwa accuses Lagos of cover-up

  A civil rights lawyer, Mr. Ebun Olu-Adegboruwa, has said the Lagos State Government is not sincere with its buy-back of the Lekki-Epe road concession project, alleging the action is meant to rescue the concessionaire, Lekki Construction Company....

  • Posted September 9, 2013
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  Access Bank bids for most respected Africa Bank

  Agboje Aig-Imoukhuede Excerpts: Introductory remarks Access Bank intends to be known as the most respected African bank. We are going about it in a sustainable way with a philosophy. We have a reputable and sustainable banking philosophy,...

  • Posted September 9, 2013
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  PHCN workers vow to resist power firms’ handover

  Employees of the Power Holding Company of Nigeria have vowed to resist the takeover of the electricity distribution and generation companies by the successful buyers until all outstanding payments are made. The workers’ position contradicts the recent...

  • Posted September 9, 2013
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