All posts by Ifreke Inyang

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  Agriculture sector needs more incentives – LCCI

  The Federal Government needs to replicate the tax incentives it gave the steel industry in the agriculture sector, the Lagos Chamber of Commerce and Industry has said. “It is important to look at more concessions for areas...

  • Posted July 31, 2014
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  25 million Nigerian payment cards prone to hacking

  Over 25 million Nigerian payment cards will be prone to hacking from July 2015 when Microsoft Corporation will end its support for the Windows Server 2003 and Windows Server 2003 R2 software. Microsoft officials told our correspondent...

  • Posted July 31, 2014
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  PHCN employed no engineer for 16 years – FG

  Prior to the privatisation of the successor companies of the Power Holding Company of Nigeria, the firm employed no new engineer for over 16 years, the Federal Government has said. The Minister of Power, Prof. Chinedu Nebo,...

  • Posted July 31, 2014
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  Survey: Regulatory inefficiency threat to business success in Nigeria

  A survey by KPMG Professional Services has highlighted regulatory inefficiencies as a threat to the growth of businesses in Nigeria. Specifically, the 2014 Chief Financial Officers’ (CFOs) survey showed that 70 per cent of CFOs viewed incompetence...

  • Posted July 31, 2014
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  FG resolves to boost domestic trade

  The federal government has re-affirmed its commitment towards facilitating the growth and development of domestic trade across the country. The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, gave the assurance during a Town Hall Meeting...

  • Posted July 30, 2014
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  TCN plans 20,000mw evacuation capacity by 2020

  As part of the measures to strengthen the transmission infrastructure to withstand increase in power generation, the Transmission Company of Nigeria (TCN) plans to boost its infrastructure to have the capacity to evacuate 20,000 megawatts of electricity...

  • Posted July 30, 2014
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  SEC moves to generate interest in market activities

  The Securities and Exchange Commission has said pursuant to its market development mandate under ISA 2007, its enabling law, it plans to send five journalists for intensive training on capital markets at the International Law Institute in...

  • Posted July 30, 2014
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  FG unveils $500m projects for local content development in oil and gas

  The federal government has unveiled new projects that would gulp $500 million for the development of Nigerian Content in the oil and gas sector of the economy. Speaking while fielding questions from journalists after a recent visit...

  • Posted July 30, 2014
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  Anambra gets $2.5bn 1500mw power plant under Power Africa Initiative

  Nigeria’s formal agreement to work with the government of the United States (US) to increase access to and availability of electricity in Nigeria through the US-backed Power Africa initiative will bequeath to Anambra State, a brand new...

  • Posted July 30, 2014
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  Power distribution firms blame poor performance on losses

  The buyers of the country’s power distribution firms have given reasons why their performance is still below average several months after taking over the companies. Early this month, the Operator of the Nigerian Electricity Market stated that...

  • Posted July 30, 2014
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