All posts by Ifreke Inyang

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  FG secures N32bn World Bank loan for agriculture

  The Federal Executive Council (FEC), on Wednesday approved the nation’s bid for a loan of $200 million (N32 billion) from the International Development Association, an arm of the World Bank, for Fadama III agriculture projects in six states...

  • Posted August 30, 2013
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  Chevron confirms withdrawal from Olokola LNG project

  CHEVRON Nigeria Limited, operator of the Nigerian National Petroleum Corporation/Chevron Joint Venture, has officially confirmed its withdrawal from the Olokola Liquefied Natural Gas project. There had been speculations that the company might pull out of the Olokola...

  • Posted August 30, 2013
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  We’ve paid 70% of PHCN workers – FG

  The Federal Government on Wednesday said it had paid the severance benefits of over 70 per cent of the workers of the Power Holding Company of Nigeria as it worked towards concluding the privatisation of the power...

  • Posted August 30, 2013
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  Develop power infrastructure with Excess Crude Account – Tukur

  The Chairman of the newly reconstituted supervisory board of the Transmission Company of Nigeria, Mr. Haman Tukur, on Wednesday urged the Federal Government to use part of the fund in the Excess Crude Account to develop power...

  • Posted August 30, 2013
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  Market watch: Index rises by 0.28%

  Trading on the Nigerian Stock Exchange (NSE) was on the upbeat on Thursday as the All Share Index recorded 0.28 per cent growth. The index, which opened at 36,299.30, appreciated by 101.07 points or 0.28 per cent...

  • Posted August 30, 2013
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  AMCON takes over Ifeanyi Ubah’s Capital Oil

  The Asset Management Corporation of Nigeria has taken over the management of Capital Oil and Gas Industries. The Head of Corporate Communications, AMCON, Mr. Kayode Lambo, said in a signed advertorial on Wednesday that the management’s takeover...

  • Posted August 30, 2013
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  MAN tasks states, FG on multiple taxation

  Former Minister of Industry and National President, Manufacturers Association of Nigeria (MAN), Dr Kola Jamodu, has urged federal and state governments to urgently remove the bottleneck of multiple taxation and provide infrastructure that will support manufacturing industries with...

  • Posted August 29, 2013
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  FG begins implementation of ISPS code – Minister

  The Federal Government said on Wednesday it had begun the implementation of the International Ships and Ports Facilities Security (ISPS) Code in the ports nationwide. The Minister of Transport, Sen. Idris Umar, announced this in a statement...

  • Posted August 29, 2013
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  New workers’ payroll system saves FG N120bn

  The Federal Government has saved a total of N120bn on personnel cost between 2007 and now through the implementation of the Integrated Payroll and Personnel Information System. The Accountant-General of the Federation, Mr. Jonah Otunla, said this...

  • Posted August 29, 2013
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  Dangote, financiers to sign $5.55bn refinery loan deal

  The Dangote Group has said it will sign $5.55bn loan deals with financiers on September 4 for the building of a $9bn refinery and petrochemical complex to be located at the Olokola Free Trade Zone, Ondo State....

  • Posted August 29, 2013
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