All posts by Ifreke Inyang

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  Incessant building collapses not a function of 32.5 cement grade – Rabiu

  The Chairman of Cement Company of Northern Nigeria (CCNN), Abdulsamad Rabiu,  has said that the incessant collapse of buildings across Nigeria cannot be linked to the use of cements with 32.5 standard specifications. Rabiu said at the...

  • Posted August 18, 2014
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  FG earmarks N33bn credit line

  The federal government yesterday announced its commitment to  an initial N33 billion soft term credit line to support the metering plans of the distribution companies in Nigeria’s electricity supply industry. The government stated that its decision was...

  • Posted August 17, 2014
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  Elumelu harps on increased partnership for Africa’s development

  The Chairman of Heirs Holdings, Mr. Tony Elumelu, has stressed the need for strategic partnership between Africa and the United States. Elumelu spoke at the recently concluded US-Africa leaders summit. The gathering of nearly 50 African heads...

  • Posted August 17, 2014
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  Analysts optimistic despite drop in NSE returns

  Capital market operators and analysts have remained optimistic that 2014 will end on a positive note for the Nigerian Stock Exchange even though its year-to-date return is far below the level it attained in the last two...

  • Posted August 17, 2014
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  African growth boosts Standard Bank’s half-year profit

  Standard Bank Group Limited said first-half profit rose two per cent, sustained by business beyond South Africa’s borders as the economy there slumped. Net income rose to 8.23 billion rand ($778m) from 8.07 billion rand a year...

  • Posted August 17, 2014
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  Equities market closes flat

  The equities segment of the Nigerian Stock Exchange was little-changed on Thursday after investors exchanged 207.931 million shares valued at N2.245bn in 4,785. The market capitalisation of the listed equities declined marginally by 0.01 per cent to...

  • Posted August 17, 2014
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  Ogoja water scheme: Cross River, Chinese firm sign N2.6 contract

  The Cross River State Government has signed a N2.6 billion contract for the construction of Ogoja Water scheme with a Chinese firm CGC. The signing of the contract is coming few months after the state commissioned the...

  • Posted August 17, 2014
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  Nestoil, Polish firm deepen alliance in power, oil, gas sectors

  As part of their renewed efforts to harness the abundant investment opportunities in Nigeria’s power, oil and gas sectors, Nestoil Plc and Kulczyk Investments SA (KI) of Poland have signed agreement to deepen their strategic alliance on...

  • Posted August 17, 2014
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  FG plans Free Trade Zone for Enugu

  The federal government and the Enugu State Government have concluded plans to site a free trade zone (FTZ) in the state. The FTZ is aimed fully maximising the full benefits of the international status of the Akanu...

  • Posted August 16, 2014
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  Jonathan inaugurates N90bn Uquo gas processing facility

  Nigeria’s power sector has received a boost as President Goodluck Jonathan yesterday inaugurated a 200 million standard cubic feet of gas per day, Uquo Gas Processing Facility, which has a capacity to power 1,000 megawatts (MW) of...

  • Posted August 16, 2014
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