All posts by Ifreke Inyang

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  Jonathan approves new package for BoI recapitalisation

  The Federal Government has approved plans by the Bank of Industry (BOI) to shore up its capital base by N750 billion. Speaking at a training programme for media practitioners in Lagos, Mr. Joseph Babatunde, General Manager, BOI,...

  • Posted June 11, 2013
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  Mercedes Benz recharges with 4 new models for Nigeria market

  Luxury car maker, Mercedes-Benz has added four new models to its model line up in Nigeria to boost its market share. This probably marks the first time the company is introducing this number of new models at...

  • Posted June 11, 2013
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  Lufthansa justifies airlines fare disparity

  The Lufthansa Airlines on Sunday said the economies of demand and supply had created foreign airlines’ fare disparity among African nations. Mr Claus Becker, Managing Director, West and Central Africa of the airline, said this during an...

  • Posted June 10, 2013
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  BOI-managed funds hit N1.6trn

  Managing Director of the Bank of Industry, Evelyn Oputu, has said that the intervention fund being managed by the bank is more than N1.6 trillion. Oputu said this in Lagos while fielding questions from newsmen at a...

  • Posted June 10, 2013
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  FAAN set to eject customs agents from its premises

  The Federal Airports Authority of Nigeria (FAAN) is set to eject customs agents operating in its premises at the Murtala Muhammed International Airport (MMIA), Ikeja, Lagos. Mr Yabuku Dati, General Manager, Corporate Communications of FAAN, told the...

  • Posted June 10, 2013
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  Shell, LIMGE join forces against fire in Lagos

  In a rare collaboration, Shell Nigeria Exploration Company (SNECO) and Lagos Island Millenium Group on the Environment (LIMGE) are joining forces to end fire disasters in Lagos. Consequently the soft launch of Ajele Fire Station in the...

  • Posted June 9, 2013
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  Nigeria retires matured bonds in move to curb local debt

  Nigeria retired matured bonds and plans to cut domestic borrowing to 500 billion naira ($3.1 billion) next year as part of a move to reduce growing debt,Bloomberg reports Finance Minister Ngozi Okonjo-Iweala said. This year’s local borrowing...

  • Posted June 9, 2013
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  LCCI, stakeholders to brainstorm on cassava flour for bread

  The Lagos Chamber of Commerce and Industry, LCCI, is set to brainstorm with stakeholders at a seminar for a renewed campaign for inclusion of cassava flour in baking bread and confectioneries. In a release by the Public...

  • Posted June 9, 2013
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  Senate opposes NITEL liquidation

  The Senate has written to the Chairman, National Council on Privatisation, Vice-President Namadi Sambo, protesting against the liquidation of the Nigerian Telecommunications Limited and its mobile subsidiary, the Nigerian Mobile Telecommunications Limited. The Chairman, Senate Committee on...

  • Posted June 9, 2013
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  TCN wants excavators to stay off its installations

  The management of the Transmission Company of Nigeria has warned individuals and groups involved in sand excavation around the New Haven-Otukpo 132KV transmission line towers at Opi-Nsukka, Enugu State, to desist from the act or prepare to...

  • Posted June 9, 2013
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