All posts by Ifreke Inyang

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  Privatization: FG hands over PHCN to new investors September 21

  The Federal Government will hand over privatized successor companies of the Power Holding Company of Nigeria, PHCN, to private investors on September 21, 2013, if the investors pay on schedule. The Director-General of the Bureau of Public...

  • Posted August 10, 2013
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  Number portability: NCC will force operators to rural areas

  The Nigerian Communications Commission has said no telecommunication service provider will be excused from providing Mobile Number Portability services to subscribers in the rural areas of the country. This is because the regulatory body said it had...

  • Posted August 10, 2013
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  Sugar policy will save Nigeria N90.52bn annually — FG

  The implementation of the Nigeria Sugar Master Plan will save the country about $565.8m (N90.528bn) in foreign exchange annually, the Federal Government has said. This was contained in a document prepared by the Minister of Industry, Trade...

  • Posted August 10, 2013
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  SEC tasks committee to tackle money laundering, terrorism

  The Securities and Exchange Commission (SEC) has charged the newly inaugurated committee of Chief Compliance Officers of Capital Market (CCOCIN) to fight against money laundering and financing of terrorism. The Committee according to SEC, is to ensure...

  • Posted August 10, 2013
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  Standard Chartered, SAA seal deal on aircraft purchase

  Standard Chartered have signed an agreement with South African Airway, SAA to buy 10 aircrafts- A320-200. The agreement which was SAA’s regional expansion plans was brokered through the bank’s Aviation Finance team, Pembroke. The aircrafts will be...

  • Posted August 10, 2013
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  Nigerian economy creates 427,294 new jobs — NBS

  The National Bureau of Statistics has released its job creation survey, which states that the nation’s economy generated 427,294 new jobs in the third quarter of 2012. A copy of the report, which was signed by the...

  • Posted August 9, 2013
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  FG repositions SMEDAN to develop SMEs

  The Federal Government has repositioned the Small and Medium Enterprise Development Agency to enable it effectively develop entrepreneurship in the country. This was confirmed by the Director-General, SMEDAN, Mr. Bature Masari, during a chat with journalists on...

  • Posted August 9, 2013
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  Mark warns MDAs against poor implementation of budgets

  The President of the Senate, David Mark, has warned that the National Assembly will no longer tolerate the poor implementation of national budgets, even as he called on Nigerians to unite in the quest for a stronger...

  • Posted August 9, 2013
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  Cash Reserve Requirement: CBN withdraws N1tn from banking system

  The Central Bank of Nigeria on Wednesday began the implementation of its new 50 per cent Cash Reserve Requirement policy, which requires Deposit Money Banks to keep 50 per cent of all public sector funds with the...

  • Posted August 9, 2013
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  Ethiopian Airlines to commence flight to Enugu – Official

  Ethiopian Airlines has said it is set to commence four weekly flights to Nigerian cities including Enugu, the capital of Enugu State beginning from August 24. Mr Tewolde Gebremariam, the Ethiopian airline chief executive confirmed this to...

  • Posted August 9, 2013
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