All posts by Ifreke Inyang

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  Infrastructure Bank to manage FG’s N25bn mass transit fund

  The Infrastructure Bank Plc, TIB, has been chosen as the fund manager to the federal government’s N25 billion Public Mass Transit Revolving Fund (PMTF) scheme. Managing Director, Adekunle Oyinloye, disclosed this in a paper presented at the...

  • Posted June 7, 2013
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  Energia, 4 others to build 15,000bpd refinery

  Indigenous oil firm, Energia Limited, yesterday, said it is partnering with four other local oil companies to build a crude oil refinery plant in the country with an initial capacity of between 10,000 and 15,000 barrels of...

  • Posted June 6, 2013
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  Nigeria’s electricity situation, a nightmare — FG

  Federal Government, yesterday, in Abuja, said despite the investment in the power sector, only 25 percent of Nigerians currently had access to electricity. After a meeting of the Federal Executive Council, FEC, Minister of Power, Professor Chinedu...

  • Posted June 6, 2013
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• First Bank starts longer hours, weekend services to customers

  First Bank says that it has opened some of its branches for longer hours and on weekends to customers due to the ongoing upgrade of its IT infrastructure. The bank’s spokesperson, Folake Ani-Mumuney, said this in a...

  • Posted June 6, 2013
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  NIMASA’s Cabotage fund attracts single digit interest rate

  THE Nigerian Maritime Administration and Safety Agency (NIMASA) Cabotage Vessel Financing Fund (CVFF) is to attract a single digit interest rate. Disclosing this in Abuja earlier in the week, Transport Minister, Senator Idris Umar said that all...

  • Posted June 6, 2013
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  Lawyer tenders evidence of toll collection on Lekki-Ikoyi bridge

  A Lagos lawyer, Mr. Ebunoluwa Adegboruwa, yesterday, filed a further affidavit before a Federal High Court sitting in Lagos, evidencing the collection of toll on the newly constructed Lekki-Ikoyi suspension bridge in Lagos. Adegboruwa, had filed the...

  • Posted June 5, 2013
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  FG to save N431bn from ban on wheat importation

  The Federal Government has concluded plans to stop the importation of wheat into the country to create markets for farmers involved in the production of the grain. The Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina...

  • Posted June 5, 2013
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  Alleged irregularities in Police Micro Finance bank exposed

  THERE are indications that trouble is currently brewing at the headquarters of the Nigeria Police Force Micro Finance Bank, Obalende, Lagos, following the discovery of alleged irregularities in the administrative running of the bank by some directors. ...

  • Posted June 5, 2013
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  Nigeria’s debts ‘ll rise to N8.8trn by 2015 – DMO

  The Debt Management Office, DMO, Tuesday, said Nigeria’s outstanding debt will rise to N8.809 trillion ($55.4 billion) by 2015. According to a report by the DMO, this was contained in the country’s debt strategy for the next...

  • Posted June 5, 2013
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  Minister promises 10,000MW from Solar

  The Minister of Power, Prof Chinedu Nebo has announced the planned streaming of additional 1,000 Mega watts, MW of solar power yearly to boost energy needs in the country over the next 10 years, to be boosted...

  • Posted June 4, 2013
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