All posts by Ifreke Inyang

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  Heritage Bank makes initial payment for Enterprise Bank

  In line with the terms for its acquisition of Enterprise Bank Limited, Heritage Bank Limited paid the initial 20 per cent of the bid price, THISDAY learnt. This is to pave way for Heritage Bank to purchase...

  • Posted September 21, 2014
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  NSE Index drops 0.11 per cent

  Market fluctuation that has pervaded the equities market yesterday continued as the bears struggled to deplete market activities after a day’s gain in the local bourse following 0.11 per cent drop in both market performance indices. The key...

  • Posted September 21, 2014
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  Finance Ministry pays oil marketers N24.7billion

  The Ministry of Finance has  released list of oil marketers whose subsidy claims had been paid by the federal government. This was disclosed in a newspaper advertorial that it paid N24.7 billion to oil marketers whose claims...

  • Posted September 21, 2014
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  Organisers of 16th Abuja International Motor Fair assure of security

  The annual Abuja International Motor Fair  will hold at the Eagle Square, Abuja from October 22-30, 2014. According to the Chairman of the organising committee, Mr. Ifeanyichukwu Agwu,  the event,  on  its 16th edition this year, was...

  • Posted September 21, 2014
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  Nigerian banks to inject $160m into Ibadan Disco

  A consortium of Nigerian financial institutions is set to inject $160 million into the Ibadan Electricity Distribution Company (IBEDC) as the company marks its first year anniversary. This came as THISDAY reliably gathered that some of the...

  • Posted September 21, 2014
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  BOA set to review loans to farmers

  The Bank of Agriculture (BOA) on Thursday said it would review its loan facilities to farmers to target peculiar planting seasons and their needs. The South-West Zonal Manager of the bank, Mr Olusegun Ashiwaju, told the News Agency...

  • Posted September 21, 2014
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  Naira to face more pressure next week

  The naira is seen under pressure next week after oil prices continued to decline and offshore investors sold down their local debt holdings, Reuters reported. The local currency traded at N163.90 to the dollar, compared with Wednesday’s...

  • Posted September 20, 2014
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  Private depots deplete fuel stock as strike continues

  A fresh round of fuel scarcity is looming in the country as private depots from which marketers are currently loading petroleum products may soon exhaust their stock if the ongoing strike by oil workers in the Nigerian...

  • Posted September 20, 2014
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  FG renews plan to establish National Carrier

  The federal government has initiated fresh plan to establish a national carrier, which it believes would be the pivot of the Aviation Master Plan that hopes to transmute the sector into a key contributor to the nation’s...

  • Posted September 20, 2014
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  No gas supply to five power stations – Nebo

  The ongoing strike by members of the Nigerian Union of Petroleum and Natural Gas Workers and the Petroleum and Natural Gas Senior Staff Association of Nigeria, Nigerian National Petroleum Corporation branches may result in nationwide power outage...

  • Posted September 20, 2014
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