All posts by Ifreke Inyang

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  FG earmarks $1.6bn for power transmission facilities’ expansion

  The Minister of Power, Prof. Chinedu Nebo, on Monday said the Federal Government had designated $1.6bn for the expansion of power transmission facilities in the country. He said a substantial part of the fund came in form...

  • Posted August 29, 2013
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  External reserves stand at $46.9b

  The Central Bank of Nigeria (CBN), on Wednesday, said the nation’s external reserves stood at 46.89 billion dollars on August 26 According to the CBN, out of the sum, 45.67 billion dollars was in liquid form, while...

  • Posted August 29, 2013
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  Landowners threaten to shut Enugu International Airport

  Some landowners have threatened to halt business activities at the Enugu International Airport if the Federal Airports Authority of Nigeria fails to pay them compensation within seven days for acquiring their land. The threat is coming three...

  • Posted August 29, 2013
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  Lagos cancels Lekki-Epe Expressway concession

  Controversy surrounding the management of the Lekki-Epe Expressway took a new turn on Tuesday as the Lagos State Government announced the termination of its concession agreement with the Lekki Concession Company. Already, the state House of Assembly...

  • Posted August 28, 2013
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  MasterCard, eight banks set for national ID project

  With preparations now at its peak for the National Identity Number (NIN) project piloted by the National Identity Management Commission (NIMC), technology provider to the project, MasterCard, recently restated its commitment to accelerating the process. The pilot phase...

  • Posted August 28, 2013
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  Consumers are short-changed on electricity bills – NERC

  Nigerian Electricity Regulatory Commission (NERC) has admitted that consumers are paying inefficient price for electricity but attributed the situation to the unavailability of power supply. NERC Chairman, Dr. Sam Amadi who spoke in Lagos at a public forum...

  • Posted August 28, 2013
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  FG invests N3bn to improve railway service

  The Federal Government has invested additional N3 billion on Nigeria Railway by acquiring two telescopic railway cranes and four new locomotives to enhance service delivery in the sector. The Managing Director, Nigeria Railway Coprporation, NRC Engr. Adeseyi...

  • Posted August 28, 2013
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  2013 Business Leader awards: Johnnie Walker partners CNBC

  Johnnie Walker announces  its  partnership  with  CNBC  Africa,  for  the  All  Africa Business  Leader  Awards (AABLA)  presented  by  Johnnie  Walker  Blue  Label.  This  event  will  pay  homage  to  business people with vision and  spirit. Launched  in  2011, ...

  • Posted August 28, 2013
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  FG may soon ban fish importation – Minister

  The Minister of Agriculture and Rural Development, Dr Akinwumi Adesina, said  on Tuesday that the Federal Government may soon place a total ban on the importation of fish and other aquatic consumables. Adesina said this in Ado-Ekiti at the launch of...

  • Posted August 28, 2013
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  Satellite technology fetches Nigeria N116bn

  Director-General of National Space Research and Development Agency, NASRDA, Prof. Seidu Onailo Mohammed says Communication Satellite is making a huge remittance to the economy by raking in about $90 billion in 2011 alone, comprising Satellite Television, Satellite...

  • Posted August 28, 2013
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