All posts by Ifreke Inyang

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  Experts propose investment channels for pension funds

  As of the end of May, the Contributory Pension Scheme, which commenced in 2004, had generated funds in excess of N4.3tn, making it the fastest growing funds in the economy. While the law mandates the Pension Funds...

  • Posted July 22, 2014
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  Egbin, Kainji, other power plants suffer hitches

  Power generation in the country has dropped from 3,337 megawatts to 2,932MW within five days following grid instability, according to the latest power system operational report by the Transmission Company of Nigeria. The report made available to...

  • Posted July 22, 2014
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  FG extends deadline for Warri port terminal concession

  The National Council on Privatisation has approved the extension of the closing date for the submission of expressions of interest by prospective investors in the concession of Terminal “B” Warri Old Port. A statement issued by the...

  • Posted July 22, 2014
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  African Capital Alliance invests in gas utilities company

  The African Capital Alliance (ACA), an investment firm, has announced its investment in Gas Train Limited, a gas infrastructure development platform operating in Nigeria. This investment which would ease gas flaring in Nigeria was announced on the...

  • Posted July 22, 2014
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  UBA’s new Salary Advance Credit Card targets workers

  I t was just a few days to pay-day but John was really broke. He has watched his bank account going down by the day since the last pay-day. This month has been particularly stressful for his...

  • Posted July 21, 2014
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  FG sues Bayelsa for owing N1.9bn electricity debt

  The Federal Government has filed a suit before a Federal High Court in Abuja to recover the over N1.9bn allegedly owed the defunct Power Holding Company of Nigeria by the Bayelsa State Government.   The Federal Government,...

  • Posted July 21, 2014
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  Transcorp to expand Nigerian hotel, power investments – CEO

  Nigerian conglomerate Transcorp plans to invest around $110 million to expand its hotel network in Africa’s biggest economy as it seeks to tap into a growing market for business travellers, its chief executive said on Saturday. New...

  • Posted July 21, 2014
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  Latest review further gives credibility to GDP rebasing

  The latest review of the nation’s real Gross Domestic Product (GDP) growth rate a fortnight ago has given more credibility to the recent rebasing of the nation’s GDP in spite of the marginal fall in the rates,...

  • Posted July 21, 2014
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  Gas shortage denies Nigerians 1,852MW of electricity

  Over 1,852 megawatts of electricity is currently off the national grid as a result of gas supply shortage and other constraints. This challenge, according to findings by our correspondent, is affecting the National Integrated Power Projects as...

  • Posted July 21, 2014
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  Insurers earned N1.5tn premium in 10 years – NIA

  Between 2004 and 2013, the Nigerian insurance industry earned as premium N1.5tn from all life and non-life insurance policies underwritten. Statistics obtained from the Nigerian Insurers Association revealed that the sector made premiums of N69.4bn, N76.3bn, N82.3bn...

  • Posted July 21, 2014
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