All posts by Ifreke Inyang

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  Dangote to build $8bn oil refinery in Nigeria

  Africa’s richest man, Alhaji Aliko Dangote, plans to invest up to $8bn to build a Nigerian oil refinery with a capacity of around 400,000 barrels a day by late 2016, the tycoon told Reuters on Tuesday. This will almost...

  • Posted April 17, 2013
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  UNIDO to spend N31.8bn on industrial sector in Africa

  United Nations Industrial Development Organisation (UNIDO) plans to inject another $200 million (about N31.8 billion) towards industrialising Nigeria and other African countries over the next six years, said Dr. Kandeh Yumkella, its Director-General. In Nigeria, the organisation...

  • Posted April 17, 2013
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  Clubs relegated from the Premier League to receive £60m boost

  Clubs relegated from the Premier League will receive in excess of £60m over a four-year period from next season after the Premier League agreed new parachute payments for the next three years. The Premier League is yet...

  • Posted April 16, 2013
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  World Bank gives N77m loan to commercial farmers in Cross River

  The World Bank has given N77million credit facilities to some commercial farmers in Cross River with a view to boost rice, cocoa and oil palm production. Mr Owali Ilem, Commercial Agriculture Development Association (CADA), made the fact...

  • Posted April 16, 2013
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  NCAA grounds British Airways aircraft

  The Nigerian Civil Aviation Authority (NCAA) on Monday grounded a British Airways aircraft due to operational reasons. The Country Manager, British Airways Kola Olayinka, confirmed the development in a press statement released in Lagos. The statement was released...

  • Posted April 16, 2013
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  Electricity: Deadline for Kaduna, Afam bidders ends today

  Investors bidding for the Kaduna Distribution Company Plc and Afam Power Plc must submit their technical and financial proposals by the end of today (Tuesday), which is the deadline for the submission of the proposals. The Head,...

  • Posted April 16, 2013
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  Central Bank recovers N8.6billion excess bank charges

  The Central Bank of Nigeria on Monday said it had recovered N8.6bn as excess charges fraudulently collected from customers by Deposit Money Banks. The amount was recovered between May 29, 2012, when the Consumer Protection Department was...

  • Posted April 16, 2013
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  Nigeria earns N599bn from crude, FG overspends by N178bn

  Central Bank of Nigeria, CBN, yesterday, said the country earned N599 billion from crude oil in January, while Federal Government overspent its budget by N178 billion in the same month. The apex bank disclosed this in its...

  • Posted April 16, 2013
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  EFCC arrests former Nigerian Security Printing and Minting Company boss, Ehi Okoyomon

  Former Managing Director of the Nigerian Security Printing and Minting Company, Ehi Okoyomon was arrested in Abuja   yesterday by operatives of the Economic and Financial Crimes Commission, EFCC. Okoyomon  who resigned recently following the  alleged  disappearance of...

  • Posted April 15, 2013
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  Samsung flags off pre-order for Galaxy S4 in Nigeria

  Leader in digital media and digital convergence technologies, Samsung Electronics West Africa, has announced a date for formally unveiling the fourth generation of its flagship Galaxy S series, the Samsung Galaxy S4, in Nigeria. The device will...

  • Posted April 15, 2013
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