All posts by Ifreke Inyang

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  House of Reps probe Femi Otedola’s N140 billion loan repayment

  The House of Representatives on Monday announced that it would investigate the controversial debt settlement deal reached between businessman, Femi Otedola and the Asset Management Company of Nigeria (AMCON). AMCON had announced the day before that Otedola’s...

  • Posted October 2, 2012
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  Ikoyi-Lekki link bridge to be commissioned in November

  Motorists along Ikoyi, Lekki-Epe axis will soon heave a sigh of relief as the first ever cable styled bridge of its kind in the sub Saharan West Africa region – Lekki-Ikoyi Link Bridge, has reached 95 percent...

  • Posted October 2, 2012
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  Honda recalls 2003 – 2007 Accords due to fire risk

  Honda is recalling 600,000 Accord midsize cars in the U.S. and Canada to fix a faulty power steering hose that can leak fluid and cause a fire. The recall affects Accords with V-6 engines from the 2003...

  • Posted October 2, 2012
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  Water project: FG grants Ebonyi N1.2bn import duty waiver

  President Goodluck Jonathan has granted the Ebonyi State government waiver of import duty on all the ductile iron pipes and accessories meant for the reticulation of the multi-million naira water scheme project constructed by the state government...

  • Posted October 2, 2012
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  Infringement on patents: Samsung sues Apple over iPhone5

  Samsung is suing Apple over claims that the iPhone 5 infringed on its patents. The Korean electronics giant filed the lawsuit in a U.S. court Tuesday, Reuters reported. “We have little choice but to take the steps...

  • Posted October 2, 2012
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  CDMA operators must adjust technology to survive — Ericsson Nigeria boss

  While Code Division Multiple Access operators are currently engaged in merger talks that will produce a new entity to be called CAPCOM with $200m fresh investment, the Country Manager, Ericsson Nigeria, Mr. Kamar Abass, says chances are...

  • Posted October 1, 2012
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• 60% of Pension funds were borrowed by FG – PFAs

  Pension Fund Operators in the country have said that 60 per cent of the total pension fund assets have been borrowed by the Federal Government. The borrowing, according to them, was done through the issuance of bonds...

  • Posted October 1, 2012
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  Nigerian Stock Exchange ex-council members still owe N1.48 billion

  Only N609.5 million out of N2.09 billion distributed to certain ex-council members of Nigerian Stock Exchange (NSE) as share of surplus from 2006 to 2008 has been refunded. BusinessDay learnt from the consolidated financial statement and account...

  • Posted October 1, 2012
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  Nigeria joins JP Morgan government bond index

  Nigeria joined a key JP Morgan local currency government bond index on Monday, becoming the second African country after South Africa to be included in a widely followed index thanks to its improving liquidity levels. The west...

  • Posted October 1, 2012
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  Nigeria needs N7 billion for 2016 Olympics – Sports Minister

  The Minister of Sports and Chairman National Sports Commission, Bolaji Abdullahi, has revealed that Team Nigeria will need N7bn to be at the Rio 2016 Olympics. Abdullahi, who decried Nigeria’s poor outing at the London 2012 Olympics,...

  • Posted October 1, 2012
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