All posts by Ifreke Inyang

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  Aviation policy: 20 private jets leave Nigeria

  About 20 private jets registered abroad but flying in Nigeria may have left the country barely one month after the Federal Government unveiled a new policy barring foreign-owned aircraft from staying in the country beyond 15 days,...

  • Posted May 23, 2013
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  Bank CEOs apologise to Reps for non-appearance

  Nine bank chief executive officers who failed to honour the invitation of the House of Representatives Committee on Finance on May 12, complied with the summon on Wednesday with apologies in Abuja. The bank chiefs, the News Agency...

  • Posted May 23, 2013
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  10,000 megawatts to be generated by December – FG

  THE federal government, yesterday, disclosed that plans had been concluded to move from the present position of power generation of 4,500 to 10,000 megawatts by December. Speaking when she appeared before the Senate Committee on Power, Steel...

  • Posted May 23, 2013
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  Lagos earns N29bn IGR, begs FG to pay N13bn debt

  Lagos State Government,yesterday, said it recorded a monthly revenue increase of N29.0 billion in 2012 as against an average of N18.9 billion in 2008, even as it appealed to the Federal Government to urgently pay N13, 373,...

  • Posted May 23, 2013
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  Jonathan orders MDAs to complete on-going projects

  AHEAD of the second anniversary of the present federal administration, President Goodluck Jonathan has given a marching order to all Federal ministries, departments and agencies to complete ongoing and abandoned projects that are viable and of economic...

  • Posted May 22, 2013
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  Why NCC should prioritize dominant-operator regulation – Ogii

  The Nigerian Communications Commission, NCC, penultimate week, opened the telecom industry up for another debate when it released the operators’ market status and declared two, MTN and Globacom, as dominant players in different categories. Since that declaration...

  • Posted May 22, 2013
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  Benin youths issue 7-day ultimatum to RCC over sacked workers

  Bini Development Union, BDU, a socio-cultural organisation in Edo State, has issued a seven-day ultimatum to Reynolds Construction Company, RCC, operating in the state, to reconsider its decision to suspend some Bini natives working in the company...

  • Posted May 22, 2013
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  Fidelity Bank grows profit after tax by 604%

  Fidelity Bank plc yesterday declared a profit after tax of N18.2 billion for its financial year ended December 31, 2012, just as it approved a dividend of 21 kobo per share to its shareholders. The bank’s profit...

  • Posted May 22, 2013
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  Jonathan challenges banks to fund infrastructure development

  President Goodluck Jonathan on Monday in Abuja challenged banks in the country to fund infrastructure development in Africa. The president speaking to the Group Chief Executive Officer and Managing Director of Ecobank Transnational Inc., Mr Thierry Tanoh,...

  • Posted May 21, 2013
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  IMF okays PIB; calls for early passage

  Global financial watchdog, the International Monetary Fund, IMF, has commended Nigeria’s Petroleum Industry Bill, PIB, saying, it “would boost investment, government revenue, and fiscal transparency.” The commendation was given in spite of varied criticisms by oil majors...

  • Posted May 21, 2013
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