All posts by Ifreke Inyang

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  2013 budget: Dollar to exchange for N160

  The rate at which the Federal Government plans to convert its dollar earnings from oil in 2013 will be N160 to the dollar. This is one of the highlights stated by the Minister of Finance and Coordinating...

  • Posted March 8, 2013
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  Benin Airport to be commissioned on Friday – FAAN

  The Federal Airports Authority of Nigeria (FAAN) will Friday commission the remodeled Benin Airport terminal in Benin City, Edo state. FAAN had commissioned two airports in the past,  Murtala Muhammed Airport Domestic Terminal 1, on October 22,...

  • Posted March 7, 2013
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  European, Asian, American airlines earn N158bn from Nigeria in 2012

  British Airways (BA), Emirates, Air France and other airlines operating international routes in the country realised about N158.1 billion from the sale of tickets in 2012, according to an analysis of tickets sold by international airlines in...

  • Posted March 7, 2013
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  Budget: FG to save less on oil revenue, deficit falls to 1.85% of GDP

  Nigeria’s budget deficit is set to fall to 1.85 percent of gross domestic product in 2013, the budget office said on Thursday, as government opted to save less of its oil revenue. A finance ministry document circulated...

  • Posted March 7, 2013
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  FG to establish 18 cassava processing industries

  The federal government is to collaborate with the private sector to establish 18 cassava processing industries with machines that can process 240 tonnes of cassava per day. Olusegun Adewunmi, the President, Nigeria Cassava Growers Association (NCGA), stated this in...

  • Posted March 7, 2013
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  PHCN abandons surveillance helicopters at Lagos airport

  Indications emerged on Wednesday that the Power Holding Company of Nigeria had abandoned four helicopters worth millions of dollars at the Murtala Muhammed Airport, Lagos. Investigations by our correspondent revealed that the German-made Bolkow 105 helicopters had...

  • Posted March 7, 2013
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  195,534 jobs created through contracts in 2012 – FG

  The Federal Government generated a total of 195,534 jobs through the various contracts awarded by the Federal Executive Council in 2012. The Minister of Information, Mr. Labaran Maku, disclosed this to State House correspondents at the end...

  • Posted March 7, 2013
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  Lagos economy rated above Ghana, UK – Fashola

  Lagos State Governor Babatunde Fashola has said the economy of the state is rated above Ghana and the United Kingdom. He also said his administration is currently executing about 1,966 projects across the state. He said the...

  • Posted March 6, 2013
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  Manchester United Champions League exit to cost at least £22m

  Manchester United’s elimination from the Champions League by Real Madrid, who won at Old Trafford, could cost them at least £22 million. Sir Alex Ferguson’s side had looked set to progress as they led the Spanish side...

  • Posted March 6, 2013
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  Most stolen iPhones are in Africa and China – Report

  Ever since cell phone carriers created a national registry of stolen phones on Nov. 1, it’s become much harder, if not impossible, to reactivate one in the U.S. That’s the good news. Here’s the bad: The database...

  • Posted February 27, 2013
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