All posts by Ifreke Inyang

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  Nigeria’s annual offshore drilling expenditure to reach $2.26bn by 2016

  Offshore drilling expenditure in Nigeria, Africa’s leading oil producer, will hit $2.26 billion in 2016, according to the latest report from GBI Research, a business intelligence firm. The report which provides forecasts for the offshore drilling industry...

  • Posted March 14, 2013
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  Bharti Airtel raises stake in Nigeria unit by 13.36%

  India’s top mobile phone operator, Bharti Airtel Ltd, announced on Wednesday it had acquired an additional 13.36 percent stake in Nigerian unit, Airtel Networks Ltd, from existing shareholders. The acquisition increased its total holding in the Nigerian...

  • Posted March 14, 2013
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  FG to partner U.S. on infrastructure development

  The Minister of Works, Mr Mike Onolememen, on Tuesday in Abuja said the Federal Government would go into partnership with the U.S. on infrastructure development. Onolememen said at an interactive session with the American Corporate Council on...

  • Posted March 13, 2013
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  Customs generates N200m on contraband

  The Eastern zone of Nigerian Customs Service on Tuesday said it seized contraband with duty paid value of more than N200 million. Mr Hassan Shallangwa , the Deputy Comptroller of Customs (Anti Smuggling unit), disclosed this at...

  • Posted March 13, 2013
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  Access Bank gets IFC’s N11.2bn funds for lending to SMEs

  The International Finance Corporation (IFC) says it has provided N3.5 billion Risk Sharing Facility and another 50 million dollars (about N7.7 billion) loan to Access Bank. The IFC said in a statement in Lagos that the two...

  • Posted March 13, 2013
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  Nigeria records surplus in exports

  The Nigeria Bureau of Statistics in it’s fourth quarter report for the year 2012 said the country recorded an increase of 15.5% in the value of exports from N19,440.4 billion in 2011 to N22,446.3 billion in 2012....

  • Posted March 12, 2013
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  Nigeria to sell N70bn bonds

  The Debts Management Office (DMO) said on Monday that it would sell N70 billion in five-year and 10-year Federal Government bonds. The DMO said in its ‘March 2013 FGN Bond Offer Circular’ posted on its website that the...

  • Posted March 12, 2013
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  Labour Minister summons JUSUN over strike

  In its effort to stop the nationwide strike, Minister of Labour and productivity, Emeka Wogu has summoned Judiciary Staff Union of Nigeria (JUSUN) over the ongoing strike action by the union for a meeting today March 12th...

  • Posted March 12, 2013
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  Maritime workers threaten show down with FG

  CRISIS is brewing in the nation’s maritime sector, as the leadership of Maritime Workers Union of Nigeria, MWUN, yesterday, threatened to ground activities in the seaports, if the Federal Government implements its plans to further privatise what...

  • Posted March 12, 2013
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  N384bn PHCN severance pay not released

  INDICATIONS emerged, yesterday, that Federal Government has not release the controversial N384 billion for the payment of the terminal benefits of workers of Power Holding Company of Nigeria, PHCN, as announced. Disagreement also came up between government...

  • Posted March 12, 2013
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