All posts by Ifreke Inyang

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  FG to terminate Ikorodu-Sagamu Road contract

  The Federal Government will soon terminate the reconstruction contract of the Ikorodu-Sagamu Expressway, the Minister of Works, Mr. Mike Onolememen, has said. Onolememen disclosed this when the Manufacturers Association of Nigeria paid him a courtesy visit in...

  • Posted June 2, 2013
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  Cheque printing: Accredited firms may not meet local demand

  There are indications that the recent decision by the Central Bank of Nigeria, CBN, to accredit only two local firms to print 300 million cheques and other security paper instruments for the  22 banks in the country...

  • Posted June 2, 2013
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  How petrol marketers swindle motorists

  Sharp practices in the downstream sector of the  Nigerian  petroleum industry have continued  to have a heavy toll on end users as many  fillings stations selling Premium Motor Spirit also known as  petrol  in the country have...

  • Posted June 2, 2013
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  Nigeria to generate N100bn from cocoa

  Nigeria can generate about N100 billion yearly from cocoa production.  Therefore, states and federal governments should rely less on allocations and concentrate more on the production of cocoa and other cash and tree crops. Making this disclosure...

  • Posted June 2, 2013
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  SON seizes N50m substandard building materials

  The Standards Organisation of Nigeria on Thursday raided the building materials market located in Dei-Dei, Abuja. The raid, which was carried out by a team led by the Regional Coordinator, North Central, SON, Mr. Nelson Adebiyi, saw...

  • Posted June 1, 2013
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  Electricity: FG signs $30bn MoU with Korean firm

  As part of efforts to boost the country’s power generation capacity, the Federal Government on Friday signed a $30bn Memorandum of Understanding with HQMC Korea Company Limited. The Minister of Power, Prof. Chinedu Nebo, said the MoU...

  • Posted June 1, 2013
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  NCC arrests 8 pirates, confiscates over N7m worth of goods

  The Nigerian Copy Right Commission, NCC has confiscated pirated goods worth over N7 million with seven suspects arrested by operatives of the Commission in the course of the seizure in Kubwa and Zuba areas of the Federal...

  • Posted June 1, 2013
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  GT Bank named 2013 African Bank of The Year

  The award recognizes financial institutions that have emerged as industry leaders and continent trend setters, due to good corporate governance practices, exceptional service delivery within the financial services industry of their country and innovative products. Chief Executive...

  • Posted May 31, 2013
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  Oil production drops by 127,000bpd

  Nigeria’s crude oil production has dropped by 127,000 barrels per day from about 2.3 million bpd following the declaration of force majeure on Usan crude by the oil major, Total Plc. The force majeure,  Total said in a statement made...

  • Posted May 31, 2013
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  FG probes 21 banks over Federation Account remittances

  The Federal Government on Thursday empowered 53 consultants to verify remittances to the Federation Account by the 21 banks hired by the Federal Inland Revenue Service and the Nigeria Custom Service. The verification and reconciliation exercise will...

  • Posted May 31, 2013
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