All posts by Ifreke Inyang

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  Lafarge Africa to produce 12MT of cement annually

  The newly created Lafarge Africa, comprising Lafarge Cement WAPCO Plc and Lafarge South Africa Holdings, will have a production capacity of 12 million metric tonnes of cement when it becomes operational, the company has said. The company...

  • Posted July 13, 2014
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  Poor storage causing rise in food prices – NISER

  The Nigerian Institute of Social and Economic Research, Ibadan, has raised the alarm over the rising food prices, blaming loss of 40 per cent of the nation’s total food production on farmers’ lack of storage facility. At...

  • Posted July 13, 2014
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  “Investment Forum will unlock our economic potentials” – Okara

  As Bayelsa State holds it’s first Investment Summit next week, the state’s Commissioner for Trade and Investment, Mr. Kamela Okara, in this interview with Festus Akanbi said the dialogue with private sector operators will unlock the state’s...

  • Posted July 13, 2014
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  Debt may collapse power sector – Senate

  The Senate Committee on Privatisation has warned that if the huge amount of debt in the power sector is not addressed, it could collapse the power generation and transmission companies in the country. Chairman of the Committee,...

  • Posted July 12, 2014
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  Jonathan approves appointment of FAAN board, others

  President Goodluck Jonathan has approved the appointment of the Chairman and members of the Governing Boards of the Federal Airports Authority (FAAN) and other federal government institutions, parastatals and agencies. This was contained in a statement signed...

  • Posted July 12, 2014
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  CBN raises N70bn from Treasury Bills

  The Central Bank of Nigeria on Thursday said it had sold N70.56bn at a sale of three-month and six-month Treasury Bills, with yields broadly unchanged from last month’s auction. Subscription levels fell at the auction compared with...

  • Posted July 12, 2014
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  Oando converts $218.9m Debt of Canadian Unit to equity

  Nigeria’s Oando Plc has converted a $218.9 million loan to its Toronto-listed unit, Oando Energy Resources, to equity. This is to increase its stake in the subsidiary by 1.6 per cent to 93.6 per cent, it said...

  • Posted July 12, 2014
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  NDDC records zero execution of projects in 2013

  Owing to the late passage of the 2013 budget by the National Assembly, it has forced the Niger Delta Development Commission (NDDC) to roll over all the proposed capital projects to the 2014 budget. The Director of...

  • Posted July 12, 2014
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  NSE equities value rose by N1.582tn in Q2

  The market capitalisation of the listed equities on the Nigerian Stock Exchange rose by 12.71 per cent or N1.582tn in the second quarter of 2014, erasing losses made in the first quarter. The market capitalisation, which stood...

  • Posted July 12, 2014
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  NCC seeks protection for $25bn telecoms assets

  A corporate governance code that will protect the over $25bn worth of assets in the telecommunications sector has been unveiled by the Nigerian Communications Commission. At the formal unveiling in Lagos on Thursday, the NCC noted that...

  • Posted July 12, 2014
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