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All posts by Ifreke Inyang

  • Electricity Discos, consumers contest NERC’s order on fixed charge

    A recent order by the Nigerian Electricity Regulatory Commission (NERC) exempting electricity consumers who have not been supplied electricity from distribution companies for up to 15 days from paying the fixed charge component of their monthly bills...

    • Posted July 24, 2014
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  • NSE index declines by 0.28%

    Equities edged lower on Tuesday with the major market indicators declining for the fourth straight session. The Nigerian Stock Exchange All Share Index fell by 0.28 per cent to close at 42,664.98 basis points, as against the...

    • Posted July 24, 2014
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  • Nigerian Breweries declares N23.8bn profit after tax

    Nigerian Breweries has reported a profit after tax of N23.872bn for the six-month period ended June 30, 2014. The amount represents a 15.5 per cent increase on the N20.663bn it posted for the corresponding period of 2013....

    • Posted July 24, 2014
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  • Aviation workers insist on national carrier

    The Air Transport Services Senior Staff Association of Nigeria has called on the Federal Government to put things in place to ensure a functional national carrier. The ATSSSAN’s President, Mr. Benjamin Okewu, who said this in a...

    • Posted July 24, 2014
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  • Rising unemployment, income inequality worry CBN

    The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday expressed concern over the high level of unemployment, income inequality and poverty in the country. The Governor, CBN, Mr. Godwin Emefiele, stated this while addressing...

    • Posted July 24, 2014
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  • Rivers spends N718.8m on FADAMA III projects

    The Rivers State Government has said it spent N718,759,260.96 to empower farmers in the state under the FADAMA III projects between 2009 and 2013. It said it has also earmarked another N100 million for another empowerment programme:...

    • Posted July 24, 2014
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  • Naira drops marginally on increased dollar demand

    The naira eased 0.21 per cent against the United States dollar yesterday after some importers took advantage of its recent appreciation against the greenback to lock in rates, dealer said. The local currency eased after last week’s...

    • Posted July 23, 2014
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  • FG issues cement Manufacturers 60-day ultimatum on new labelling guidelines

    Determined to address the lingering issues in the cement industry as well as check the incidence of building collapse in the country, the Standards Organisation of Nigeria (SON) yesterday issued a 60-day ultimatum to cement manufacturers on...

    • Posted July 23, 2014
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  • Profit-taking sends equities lower

    The equities segment of the Nigerian Stock Exchange witnessed a weak bargain on Monday as investors opted to take profit following recent gains. At the close of trading, the NSE All Share Index fell by 0.25 per...

    • Posted July 23, 2014
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  • Reduced airfares boost passenger traffic by 9%

    The number of passengers who travelled by air to destinations within the country in the first quarter of this year rose by nine per cent compared to the same period a year ago. Passenger traffic volume refers...

    • Posted July 23, 2014
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