All posts by Ifreke Inyang

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  FG loses N3.2billion to illegal charter airlines

  The Federal Government is losing at least N3.2bn annually in taxes revenue to the activities of illegal chartered airlines in the country, investigation by SUNDAY PUNCHhas shown. Airline industry sources said about 50 aircraft were currently carrying out...

  • Posted May 5, 2013
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  Abuja has tremendous investment prospects – Minister

  The Minister of State for FCT, Ms Olajumoke Akinjide, on Friday said Abuja had great business potentials for investors. Akinjide said this while receiving delegates from the City of London, who were in Nigeria on a trade visit. She...

  • Posted May 4, 2013
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  FG plans to build more dams to boost energy supply

  The Federal Government plans to build more dams to boost electricity supply, a statement said in Abuja on Thursday. The statement, issued by Timothy Oyedeji, the Deputy Director/Head of Press, Ministry of Power, quoted the Minister, Prof Chinedu Nebo, as...

  • Posted May 4, 2013
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  Call for quick passage of PIB intensifies

  As the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke leads Nigeria’s contingent to Offshore Technology Conference 2013 in Houston, Texas, United States this month, deliberations on quick passage of the Petroleum Industry Bill is expected to take...

  • Posted May 4, 2013
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  Oil thieves flee, abandon 150 drums of illegally refined diesel

  OIL thieves took to their heels,  weekend, abandoning 150 drums of illegally refined diesel, following a raid on them in Udu Creek, Delta State, by naval men in Warri. Commander, NNS, Delta, Navy Commodore Mohammed Garba, displayed   the...

  • Posted May 4, 2013
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  Senate hearing on petition against transfer of oil blocks fails to hold

  The hearing on a petition against the alleged transfer of four oil blocs reportedly valued at N58.9 trillion to a private company scheduled to hold in the Senate Thursday, failed to hold. The scheduled hearing was on...

  • Posted May 3, 2013
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  FG tightens regulation to discourage illegal mining

  The Federal Government is set to tighten its regulatory frameworks aimed at minimising illegal mining activities in the country. Permanent Secretary, Ministry of Mines and Steel Development, Mr. Linus Awute, who stated this in an interview with...

  • Posted May 3, 2013
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  Diamond Bank shareholders endorse $ 750m capital raising

  Shareholders of Diamond Bank Plc have endorsed the Board of Directors’ proposal to raise $750,000,000 additional capital in order to enhance the bank’s working capital and finance business development initiatives. The shareholders also approved the bank’s proposal...

  • Posted May 3, 2013
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  Nigeria’s refineries now producing 10m litres/day of fuel – NNPC

  The Nigerian National Petroleum Corporation, NNPC, Thursday, announced an improvement in Nigeria’s refining capacity, declaring that domestic refining of Premium Motor Spirits, PMS, at the country’s three refineries has increased to 10.23 million litres per day. According...

  • Posted May 3, 2013
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  Imoke donates land, cars to Labour Unions

  The Cross River state Governor, Liyel Imoke on Wednesday donated a land for the construction of a Nigeria Labour Congress secretariat in the state as well as two pick up vans and a bus. The governor while...

  • Posted May 2, 2013
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