All posts by Ifreke Inyang

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  Investment in free zones hits N1.6trn – NEPZA

  Managing Director, Nigeria Export Processing Zones Authority, NEPZA, Mr.Oluwagbemiga Kuye has put the total investment generated in the nation’s free zone at N1.6 trillion ($10billion). Kuye also stated that with the new drive and the various reforms...

  • Posted July 6, 2013
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  FG to earn $1.37bn from cassava chips exports

  The Minister of Agriculture, Dr Akinnwnmi Adeshina,  has said that Nigeria will this year, earn between $802 million to $1.37 billion as exports of dried cassava chips to China and Europe, adding that Nigeria’s earnings increased by N759...

  • Posted July 6, 2013
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  Oando shareholders to get N5.1bn dividend

  Oando Plc, listed on both the Nigerian and Johannesburg Stock Exchanges, has concluded arrangement to pay a dividend of N5.1 billion for the year ended December 31, 2012. Information available to Vanguard revealed that the dividend, which...

  • Posted July 6, 2013
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  Budget impasse: We will not compromise the interest of Nigerians -Tambuwal

  SPEAKER of the Federal House of Representatives, Aminu Tambuwal, Friday, declared that the National Assembly will not compromise the interest of Nigerians in the ongoing impasse between the Federal Government and the National Assembly over the 2013...

  • Posted July 6, 2013
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  India now leads America in purchase of Nigeria crude oil

  Recent statistics have shown that the Government of India now leads the United States of America in the purchase of crude oil from Nigeria. India High Commissioner in Nigeria Mr Mahesh Sachdev who disclosed this when he paid...

  • Posted July 5, 2013
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  UACN targets top-line growth with holding company structure

  UAC of Nigeria Plc will in the next three years concentrate on building its Holding Company structure through strategic acquisition of companies in key sectors of the economy, said the chairman, Senator Udoma Udo Udoma. Speaking in...

  • Posted July 5, 2013
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  Nigeria spends N50bn on fish importation – RMRDC

  Director-General, Raw Materials Research Council of Nigeria, RMRDC, Prof. Peter Onwualu has stated that Nigeria spends about N50 billiion annually on importation of frozen fish. He made this known at an entrepreneurial development workshop on fish smoking...

  • Posted July 5, 2013
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  Investors rush Nigeria’s $1b bond

  Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala has said that International investors have exceeded the expectations of analysts in their response to the recently floated $1 billion Nigerian bond; marking an improvement...

  • Posted July 5, 2013
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  Oduah seeks $500m for national carrier, meets Sanusi

  In a desperate move to establish a national carrier for the country this year, the Minister of Aviation, Ms. Stella Oduah, and other officials from the aviation sector met with the Governor of the Central Bank of...

  • Posted July 5, 2013
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  Reps write CBN on fake ATM currency notes, seek review of envelope budgeting system

  The House of Representatives said on Wednesday that it had written to the Central Bank of Nigeria to explain the source of fake currency naira notes being dispensed by Automated Teller Machines of some banks. Lawmakers claimed...

  • Posted July 4, 2013
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