All posts by Ifreke Inyang

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  AMCON seizes Babalakin’s property over N13.5bn debt

  The Asset Management Corporation of Nigeria, AMCON, has taken possession of three property in Lagos and Rivers states, belonging to Chairman of Bi-courtney, Mr Wale Babalakin, over a N13.5 billion debt owed Guaranty Trust Bank, GTBank Plc....

  • Posted February 11, 2013
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  NCC confirms new interconnect rate under way

  Operators in the Nigerian telecommunications industry will soon get a new interconnect rate, Director of Public Affairs at the Nigerian Communications Commission, Mr. Tony Ojobo, has said. Ojobo, who said this in a telephone interview with our...

  • Posted February 10, 2013
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• 98% of federal pensioners are unpaid — FCP

  There appears no respite yet for federal pensioners, as about 98 per cent of them have been reportedly denied monthly stipends for three months. The Lagos State Coordinator, Federal Concerned Pensioners, Mr. David Adodo, stated this in...

  • Posted February 10, 2013
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• Developing countries lose $40bn to corruption annually – World Bank

  Developing countries in the world lose no less than $40 billion annually to the scourge called corruption, President of the World Bank Group Jim Yong Kim, has disclosed. He made this known during a recent meeting on...

  • Posted February 9, 2013
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• MRS depot in Apapa now operational

  MRS Oil and Gas on Tuesday said that its depot at Tin-Can in Lagos had resumed operations in compliance with the directive of the Department of Petroleum Resources (DPR). Enoch Kanawa, The Executive Director, Government Policy and...

  • Posted February 9, 2013
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• Siemens votes $100m for crusade against corruption in Nigeria, others

  TO dust itself of the image of corruption and subsequent sanction by the World Bank, Siemens, one of the leading global business conglomerates has earmarked $100 million for a crusade against corruption in Nigeria and other countries...

  • Posted February 8, 2013
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  Delta State Government, FG to acquire 6,000 hectares for cassava production

  Misan Ukubeyinje, the Delta Commissioner for Agriculture and Natural Resources says the state and the Federal Government will acquire 6,000 hectares of land to boost cassava production in the state. Ukubeyinje said this on Wednesday in Asaba...

  • Posted February 8, 2013
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  Aviation amendment bill passes second reading in House of Assembly

  A bill amending the Civil Aviation Act of 2006 on Wednesday in Abuja passed its second reading in the House of Representatives. The bill seeks to prescribe penalties for delays and cancellation of flights by airlines. Leading...

  • Posted February 8, 2013
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  CBN to resolve grey areas with Micro Finance Banks

  The Central Bank of Nigeria and the National Association of Micro Finance Banks have agreed to set up a technical committee to resolve “Grey Areas’’ in the recapitalisation of micro finance banks. The national president of National...

  • Posted February 8, 2013
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• FG awards contract for dredging Calabar Port

  The Managing Director, Nigerian Ports Authority (NPA), Habib Abdulahi, said on Thursday that the Federal Government had awarded the contract for the dredging of Calabar Port. Abdulahi gave the information when he paid a courtesy visit to...

  • Posted February 8, 2013
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