All posts by Ifreke Inyang

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  Presidency threatens to return 2013 budget to National Assembly

  After many meetings between the National Assembly and the Presidency on the 2013 budget, there were indications Sunday that the Presidency might throw back the appropriation bill at the legislature. The Presidency is unhappy with the final...

  • Posted February 4, 2013
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  Subscribers lose N31bn in drop calls to telecom operators

  On a rough estimate, Nigerian subscribers may have spent well over N31.02bn on dropped and unconnected calls since January last year, owing to poor quality of services from the telecom operators. Most networks in the country claim...

  • Posted February 4, 2013
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  Squandering of $67b reserves: Ezekwesili stands firm

  AMID denials and counter-allegations, former Vice President of the World Bank, Ms. Obiageli Kathryn Ezekwesili, has renewed her charge of government frittering $67 billion reserves, including accruals to the Excess Crude Account (ECA), in the last six...

  • Posted February 3, 2013
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  Capital Oil drags Access Bank to Court over contempt

  Capital Oil and Gas Limited and its Chief Executive Officer, Ifeanyi Ubah, have begun to initiate contempt proceedings against Access Bank Plc and some of its principal officers. It follows the banks alleged refusal to comply with...

  • Posted February 3, 2013
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  Ebonyi State to generate 2,000MW by September

  The Ebonyi State government has signed a Memorandum of Understanding with a firm to produce 2000 megawatts of electricity by September 2013. The State Governor, Martin Elechi, who disclosed this during a town hall meeting to round...

  • Posted February 3, 2013
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  Federal Government commences review of revenue allocation formula

  The Federal Government has commenced the review of existing revenue allocation formula among the three tiers of government, and the new formula is expected to be ready by the end of the year. Chairman, Revenue Mobilisation Allocation...

  • Posted February 3, 2013
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  Former ExxonMobil workers protest cuts in terminal benefits

  Disengaged workers of ExxonMobil at Qua Iboe Terminal in Akwa Ibom on Thursday protested over alleged cuts in their terminal benefits and described the action as unacceptable. The 1,400 disengaged junior workers protested on some streets in...

  • Posted February 2, 2013
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  Adebija says labour market needs major intervention

  Trainer and Chief Executive Officer of Ashton & Layton Nigeria, Gbenga X-adebija, has lamented the dilapidated labour market, which he said results from declining educational standard in the country. He described the market as one that requires major...

  • Posted February 2, 2013
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  Sinopec set to acquire Afren’s $1bn assets

  China Petrochemical Corporation, Sinopec, has announced plans to acquire Afren Plc’s assets valued at N157 billion ($1 billion) in Nigeria and other part of the globe. According to a source who asked not to be named, Sinopec...

  • Posted February 2, 2013
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  Saraki says N8bn fines FG slapped on Shell, Chevron is unconstitutional

  Chairman, Senate Committee on Environment, Mr. Bukola Saraki has declared as unlawful and unconstitutional, the $8 billion fines being sought by the Federal Government of Nigeria against Royal Dutch Shell and Chevron for oil spills in the...

  • Posted February 2, 2013
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