All posts by Ifreke Inyang

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  RMAFC to present draft revenue formula to Jonathan

  The Revenue Mobilisation Allocation and Fiscal Commission is set to present the draft new revenue formula to President Goodluck Jonathan. The Head of Public Relations, RMAFC, Mr. Ibrahim Mohammed, confirmed this in an interview with our correspondent...

  • Posted September 12, 2014
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  AfDB approves $256m infrastructure investment for Nigeria, Ethopia

  The board of directors of African Development Bank Group (AfDB) has approved a total of $256 million for the financing of investments in Nigeria and Ethiopia. This comprises a $150 million senior loan to Lekki Port Lagos...

  • Posted September 12, 2014
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  Construction work on second Niger Bridge to begin next quarter

  The Nigeria Sovereign Investment Authority (NSIA), one of the concessionaires of the Second Niger Bridge yesterday revealed that construction work at the bridge would commence before the end of the year. The Managing Director/Chief Executive Officer, NSIA,...

  • Posted September 11, 2014
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  Expert highlights looming risk in banking sector

  The Managing Director, Afrinvest Securities Limited, Mr. Ike Chioke has expressed concern about the possibility of banks not being able to recoup their investment in the power sector and its likely consequence on the financial system. Chioke...

  • Posted September 11, 2014
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  Nigeria, US meet on airport security, CAT1 certification

  Nigeria and the United States are scheduled to meet shortly to address issues pertaining to security at the nation’s airports. Ahead of the meeting scheduled to take place in Washington, the Minister of Aviation, Mr. Osita Chidoka,...

  • Posted September 11, 2014
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  Nigeria recorded rise in food production – Adesina

  Nigeria will continue to record a rise in food output as the Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, yesterday disclosed that the country recorded a growth in the food production last year to the...

  • Posted September 11, 2014
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  NDIC wants operational independence for Ecobank Nigeria

  The Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has advised Ecobank Transnational Incorporated (ETI) to ensure operational independence of its Nigerian subsidiary, Ecobank Nigeria. This, Ibrahim said, would enable ETI benefit fully from...

  • Posted September 11, 2014
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  65% of registered payers evade tax – Jonathan

  President Goodluck Jonathan on Tuesday lamented the huge rate at which corporate businesses and individuals were evading tax in the country, stating that a diagnosis carried out by the Federal Inland Revenue Service revealed that as many...

  • Posted September 11, 2014
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  AMCON bonds raise CBN’s liabilities to N6tn – Report

  The Asset Management Corporation of Nigeria’s bonds acquired by the Central Bank of Nigeria has raised the central bank’s liabilities from N2.1tn in 2009 to N6.1tn in 2013, a new report released by Afrinvest has revealed. The...

  • Posted September 11, 2014
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  TCN explains Maiduguri, Damboa, Biu outage

  The Transmission Company of Nigeria on Tuesday apologised to the people of Maiduguri, Damboa, Biu and other communities in Borno State for the power outage being experienced there since mid-July. A statement issued by General Manager, Public...

  • Posted September 11, 2014
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