All posts by Ifreke Inyang

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  Council demands FAAN’s luggage charge review

  The Consumer Protection Council on Monday kicked against the imposition of N2,000 charges on all checked-in luggage of air passengers by the Federal Airports Authority of Nigeria. The council, in a letter signed by its Director-General, Mrs....

  • Posted August 14, 2013
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  Sinking fund: CBN, Bankers Committee agree on 0.5% contribution

  The Central Bank and the Bankers Committee have signed a memorandum of understanding for the contribution of 0.5 per cent of commercial banks earnings to the sinking fund. The sinking fund which is a system by which...

  • Posted August 14, 2013
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  Nigerian insurers lose billions of Naira to oil industry premium flight

  The woes of Nigeria’s domestic insurance industry operators may not go away any time soon, except they pool capacity to underwrite big ticket risks and put an end to the issue of premium flight in the oil...

  • Posted August 14, 2013
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  Power supply to Lagos drops by 67%

  Power supply from the national grid to Lagos has dropped by 67 per cent. The drop on Sunday followed a drastic reduction in power generation from 3,367.20MW on Friday to 2,628MW on Saturday. Some officials of the...

  • Posted August 13, 2013
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  CBN to inaugurate N200bn MSME fund Thursday

  The Central Bank of Nigeria has said a N200bn Micro Small and Medium Enterprise Fund will be inaugurated on Thursday. The fund, which targets women entrepreneurs for 60 per cent intervention, has credit, insurance, capacity building and...

  • Posted August 13, 2013
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  Investors pick holes in companies’ half-year reports

  Joseph Okpoye: The half year reports of companies quoted on the Nigerian Stock Exchange, (NSE) is nothing to celebrate about as the recovery recorded in the stock market in the last six months cannot be 100 percent...

  • Posted August 13, 2013
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  Nigeria earns N3.81trn from oil in 6 months

  Oil revenue accounted for 86.67 per cent of gross federally-collected revenue from January to June 2013, as the Federal Government earned a total of N3.809 trillion from oil within the period. The amount represents 76.3 per cent...

  • Posted August 13, 2013
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  25,000 jobs lost in Vegetable Oil industry as sector faces extinction

  Vegetable oil and related products industry in Nigeria are nearing total collapse as no fewer than 25, 000 out of the 30,000 direct jobs in the sector have been lost due to the influx of substandard processed...

  • Posted August 13, 2013
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  Foreign airlines kick against relocation of offices

  Foreign airlines have kicked against the relocation of their offices to the third floor of the Muritala Mohammed International Airport, stating that the action is not in their interest. The President, Association of Foreign Airlines Representatives of...

  • Posted August 13, 2013
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  386 prospective bidders shortlisted for 10 power plants

  The Federal Government on Monday said 386 firms had been  shortlisted for the purchase of 10 National Integrated Power Project  plants slated for privatisation. Governor Gabriel Suswam of Benue State made this known to State House correspondents...

  • Posted August 13, 2013
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