All posts by Ifreke Inyang

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  World Bank earmarks $300million for mortgage infrastructure in Nigeria

  The World Bank is to partner Nigeria to develop a sound mortgage financing structure that would deliver affordable houses to Nigerians. The multilateral institution is to provide financial access and liquidity to the tune of $300 million...

  • Posted April 23, 2013
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  Nigeria experiences $380billion capital flight

  The implementation of the Nigerian Content Act, by the Nigerian Content Development and Monitoring Board, NCDMB, has saved Nigeria a capital flight of about $380 billion and a job loss of two million in the oil and...

  • Posted April 23, 2013
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  Diamond Bank’s balance sheet now N1trillion

  The Managing Director, Diamond Bank Plc, Dr. Alex Oti, has said the bank’s balance sheet in 2012 hit the N1tn mark. He also said the bank would open more branches to meet the demand of its growing...

  • Posted April 22, 2013
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  Nigeria spends N365bn yearly on rice importation — FG

  Nigeria is spending about N365bn annually on the importation of 2.1 million metric tonnes of milled rice, the Federal Government has said. According to the government, the country is currently the largest importer of rice in the...

  • Posted April 22, 2013
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  CBN to change polymer naira notes to paper

  The Central Bank of Nigeria has stopped the printing of small denomination naira notes in polymer because they fade quickly. The Deputy Governor,  CBN, Mr. Tunde Lemo, disclosed this in an interview with theNews Agency of Nigeria on...

  • Posted April 22, 2013
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  Abuja Airport to begin digital tolling

  As a means of addressing security threats to air travellers, the Federal Government has concluded plans to use digital toll gates at the Nnamdi Azikiwe International Airport, Abuja. Our  correspondent gathered on Sunday that the digital toll...

  • Posted April 22, 2013
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  NIMASA boss summoned over premature retirement

  TENSION has gripped Directors of the Nigerian Maritime Administration and Safety Agency, NIMASA, the highest regulatory agency in the maritime industry, following the sudden retirement of four Directors and impending retirement of another set of Deputy Directors...

  • Posted April 22, 2013
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  EFCC to probe N16.4billion ALSCON asset loss

  The controversy surrounding the management of the Aluminium Smelter Company of Nigeria has assumed a different dimension as BFI Group is set to invite the Economic and Financial Crimes Commission to investigate the N16.4bn loss in the...

  • Posted April 21, 2013
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  Akwa Ibom seeks N80billion to pay bank loan

  The Commissioner of Finance, Akwa Ibom State, Mr. Bassey Akpan, has said the state government is seeking an N80bn loan from the Standard Charter Bank of London to offset the previously acquired credit facility of N50bn from...

  • Posted April 21, 2013
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  Row over N50,000 pre-paid meters

  The  move to make Nigerians pay between N25,000 and N50,000 for pre-paid meters under the  Credited Advance Pay for Metering Implementation (CAPMI) scheme has sparked controversy. While some people said consumers should cooperate with the Federal Government...

  • Posted April 21, 2013
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