All posts by Ifreke Inyang

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  Ecobank sets up department to finance SMEs

  In its bid to boost the Nigerian economy, Ecobank Nigeria Plc has concluded arrangement to set up a microfinance department to support small business owners in the country. These groups of people constitute the unstructured market and...

  • Posted August 24, 2013
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  2013 budget: Capital releases hit N850bn

  The Federal Government on Thursday released a fresh N250bn to Ministries, Departments and Agencies for the implementation of their third quarter capital projects captured in the 2013 budget. The Minister of Finance, Dr. Ngozi Okonjo-Iweala, confirmed the...

  • Posted August 24, 2013
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  Investors in power firms can take possession – FG

  The Federal Government on Thursday said the preferred bidders for the power generation and distribution companies who met the deadline for the payment of the 75 per cent balance of their bid prices could now take over...

  • Posted August 24, 2013
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  Oil theft: N125.78bn revenue shortfall recorded in July

  The Federal Government on Thursday released the gross revenue for the month of July, stating that the country recorded N125.78bn drop in budgeted income. While the Federal Government had projected to receive a total revenue of N623.76bn...

  • Posted August 24, 2013
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  Onitsha, Lokoja, Baro River ports to be concessioned next year – Minister

  THE Minister of Transport, Idris Umar, has said that the Onitsha, Oguta, Baro and Lokoja River Ports would be concessioned by 2014. Mr. Umar stated this in an interview with the Europe correspondent of the News Agency...

  • Posted August 23, 2013
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  Access Bank offers 25 kobo interim dividend, amidst profit slide

  Access Bank Plc, on Wednesday, presented its financials for the half-year ended June 30, 2013, highpoint of which was the offer of 25 kobo interim dividend per share for payment to shareholders whose names appear in the...

  • Posted August 23, 2013
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  13 investors complete payment for power firms; Interstate, North-South miss deadline

  The 13 consortia that beat the Wednesday’s deadline for the preferred bidders to pay the 75 per cent balance of the bid prices for the 15 successor companies of the Power Holding Company of Nigeria are set...

  • Posted August 23, 2013
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  Refurbished Egbin plant to boost power supply

  Seven years after it lost its full installed generation capacity as a result of a faulty turbine, the Egbin Power Plc said it had bounced back to its installed capacity following a N1bn repairs on its sixth...

  • Posted August 23, 2013
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  59% of Nigerians unaware of mobile money – Report

  Almost two years after the Central Bank of Nigeria introduced mobile money services to drive financial inclusion in the country, a new survey by NOI Polls has revealed that about 59 per cent of the populace are...

  • Posted August 23, 2013
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  N774bn spent on calls, SMS in six months

  Based on an Average Revenue per User of $7 (N1,092), the active telecoms subscribers in the country must have spent about N774.06bn on voice calls and Short Message Services in the first half of this year. This...

  • Posted August 23, 2013
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