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All posts by Ifreke Inyang

  • Foreign exchange reserves drop to $38.7bn

    The country’s foreign exchange reserves fell 1.94 per cent month-on-month to stand at $38.76bn on October 29, the lowest level in more than three months, according to data from the Central Bank of Nigeria. The reserves also...

    • Posted November 4, 2014
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  • Skye Bank completes payment for Mainstreet

    Skye Bank Plc says it has announced the full payment of the 80 per cent balance of its purchase price for Mainstreet Bank. This is in fulfilment of the major requirement for its acquisition of 100 per...

    • Posted November 4, 2014
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  • Air traffic controllers issue ultimatum over pay

    The Nigerian Air Traffic Controllers’ Association has issued a 21-day ultimatum to the Nigerian Airspace Management Agency to pay the outstanding money owed its members of face a nationwide industrial action. The group, in a communiqué jointly...

    • Posted November 4, 2014
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  • Western investors coy on power sector investment – FG

    Western nations are stalling on investing in Nigeria’s power sector, the Federal Government has said. According to the government, a large percentage of foreign investments in the sector is from Asia, while America and Europe have not...

    • Posted November 4, 2014
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  • FG urged to prevent leakages in oil production

    In view of the effects of dwindling crude oil price on the Nigerian economy, the federal government has been advised to intensify efforts at preventing leakages and pipeline vandalism, which disrupt oil production. This, according to analysts...

    • Posted November 4, 2014
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  • Capital flows to determine fate of the naira – Analysts

    As the United States Federal Reserve finally halts its $4.5 trillion bond-buying programme, a radical monetary policy it introduced nearly six years ago to steer the country’s economy, analysts have noted that it might put further pressure...

    • Posted November 3, 2014
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  • PIB passage, kerosene subsidy report suffer setback

    The defection of the Speaker of the House of Representatives, Mr. Aminu Tambuwal, from the ruling Peoples Democratic Party to All Progressive Congress, and the subsequent adjournment of sitting of the lower house to December 3, may...

    • Posted November 3, 2014
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  • Group asks CPC to seek amicable resolution of dispute with Coca-Cola

    Consumer Rights Advocacy Network has called on the Consumer Protection Council (CPC) to act with caution in handling its disagreement with Coca-Cola Nigeria Limited and the Nigerian Bottling Company so as not to send wrong signal to...

    • Posted November 3, 2014
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  • N52.5bn textile loans go bad

    There are strong indications that the Bank of Industry may not recover over half of the N100bn Cotton Textile and Garment Intervention Fund established by the Federal Government in 2009 to aid the revival of the textile...

    • Posted November 3, 2014
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  • Regulator, stakeholders in search of new port order

    As the ports industry advances in the long search for efficiency, the Ports Economic Regulator  and  stakeholders in the sector have outlined  measures which if adopted will pave the way for a new port order in the...

    • Posted November 3, 2014
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