All posts by Ifreke Inyang

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  Jonathan canvasses stronger partnership among OPEC nations

  President Goodluck  Jonathan yesterday canvassed for deeper, stronger and more cooperative partnership between Nigeria and other members of the Organisation of Petroleum Exporting Countries (OPEC). The president spoke when he had separate audiences with the new Ambassadors...

  • Posted July 26, 2014
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  Technical hitches prevent trading on NSE

  Trading activities could not take place on the Nigerian Stock Exchange on Thursday due to technical glitches, our correspondent has gathered. Operators who spoke to our correspondent explained that they could not trade because the trading engine...

  • Posted July 26, 2014
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  Nigeria, US sign MoU on 1,500MW power plant

  The Federal Government and the United States of America on Thursday signed two Memoranda of Understanding to build a 1,500-megawatts power plant as well as other infrastructure to boost Nigeria’s power sector. The agreements, which were as...

  • Posted July 26, 2014
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  Cocoa exporters reject new levy

  The Cocoa Association of Nigeria, Cross River State branch, has expressed its resolve not to pay the N5,000 per tonne levy on cocoa exportation imposed by the state government. Our correspondent learnt on Thursday that a meeting...

  • Posted July 26, 2014
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  Rusal not stripping ALSCON assets – NCP

  The National Council on Privatisation’s fact-finding committee on the Aluminium Smelting Company of Nigeria has said that the allegation of asset stripping against UC Rusal, owners of the company, is false. Speaking after an assessment tour of...

  • Posted July 26, 2014
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  Africa woos domestic savers as a buffer against fickle foreign capital

  African economies seeking to diversify away from foreign aid or borrowing to fund urgent infrastructure needs are increasingly turning to their burgeoning pool of domestic savers. The continent needs billions of dollars in financing to be able...

  • Posted July 26, 2014
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  Zenith Bank grows profit to N58bn in six months

  Zenith Bank Plc yesterday reported a profit before tax (PBT)of N57.85 billion for the six months ending June 30, 2014, showing an increase of  seven per cent compared with  N54.08 billion for the corresponding period  of 2013....

  • Posted July 25, 2014
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  Sambo flays commercial banks’ high lending rates

  Vice-President Namadi Sambo Monday flayed the high rate at which commercial banks charge interest rates. This, according to him, hampers small and medium scale enterprises (SMEs) in accessing finance for their operations. He stated this in Saudi...

  • Posted July 25, 2014
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  Ecobank, others have boosted growth – Fashola

  Lagos State Governor, Mr. Babatunde Fashola, says Deposit Money Banks, including Ecobank as well as other businesses have contributed to the development of the state. He said this at the unveiling of Premier Banking by Ecobank in...

  • Posted July 25, 2014
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  Fuel shortage looms in Abia as IPMAN crisis deepens

  The leadership crisis rocking the Independent Petroleum Marketers Association of Nigeria APMAN, Aba Branch may snowball into fuel crisis in Abia State and environs, following a threat by a faction of the Aba IPMAN to shut down...

  • Posted July 25, 2014
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