All posts by Ifreke Inyang

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  Power supply: FG to utilise renewable energy resources

  Vice President Namadi Sambo on Thursday said the Federal Government would utilise the country’s abundant renewable energy resources to enhance electricity supply across the country.A statement by his spokesman, Umar Sani, quoted the Vice President as speaking...

  • Posted August 8, 2014
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  AfDB predicts 5.8% growth for Africa in 2014

  The African Development Bank (AfDB) has said growth in the Sub Saharan Africa is projected to reach 5.8 per cent in 2014 while the continent as a whole is expected to grow at between 5 per cent...

  • Posted August 8, 2014
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  Custodian and Allied explains impressive results

  Custodian and Allied Plc yesterday attributed the impressive results for the half year ended June 30, 2014 to favourable underwriting income from insurance subsidiaries and remarkable efficiency gains group wide. Custodian and Allied Plc, a wholly owned...

  • Posted August 7, 2014
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  Market rebounds as cement stocks attract high demand

  The Nigerian equities market closed on a positive note yesterday after three days of losses. The market had witnessed a downward trend since last week as investors reacted negatively to half year results of some companies. However,...

  • Posted August 7, 2014
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  Lafarge Africa listing to boost NSE market value by over N468bn

  Following shareholders’ approval and other regulatory processes, Lafarge WAPCO has formally notified the Nigerian Stock Exchange, NSE of the change in its name to Lafarge Africa Plc, paving the way for the impending listing of the consolidated...

  • Posted August 7, 2014
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  CBN moves to strengthen development of finance institutions

  As part of efforts to strengthen development finance institutions (DFIs) in the economy, the Central Bank of Nigeria (CBN) has rolled out a new set of draft guidelines for the sector. DFIs are specialised financial institutions established...

  • Posted August 7, 2014
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  Crude supply to refineries by marine vessels increases cost – Alison-Madueke

  The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has explained that the option of transporting crude oil to the refineries by marine vessels due to vandalism of pipelines has increased the cost of refining the product by...

  • Posted August 7, 2014
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  FG insures civil servants for N5bn

  Life insurance firms have been paid about N5bn by the Federal Government as premium for the insurance of its workers in the 2014 financial period, investigation has revealed. Some of the underwriters, who disclosed this to our...

  • Posted August 7, 2014
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  Senate committee commends Benin Disco for $265m investment

  The committee said this during an assessment of the company’s operations in Benin, Edo State. The BEDC covers Ekiti, Ondo, Edo and Delta states. The committee noted that the private investors had increased electricity distribution to the...

  • Posted August 7, 2014
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  FG to improve intra-African air transportation

  The Federal Government on Tuesday said it would ensure improvement in intra-Africa air transportation to boost trade across the continent. The Minister of Aviation, Mr. Osita Chidoka, said this while playing host to the Rwandan Ambassador to...

  • Posted August 7, 2014
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