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All posts by Ifreke Inyang

  • Lagos to experience blackout as TCN maintains facilities

    The management of the Transmission Company of Nigeria, Lagos region, has announced that there will be planned disruption of electricity supply to some parts of Lagos metropolis from 10am to 2pm on Thursday (today). The planned outage,...

    • Posted July 11, 2014
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  • Power supply: FG to work with South Africa

    The Federal Government on Wednesday announced its preparedness to work with South Africa in order to boost power supply in Nigeria. The Minister of Power, Prof. Chinedu Nebo, disclosed this while receiving a South African delegation led...

    • Posted July 11, 2014
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  • Firm plans N1.6bn shea butter factory in Niger

    In a bid to fully commercialise shea butter in the country, a private company has agreed to invest over N1.6bn in the establishment of a shea butter factory in Mokwa, Niger State. The state Director General, Investment,...

    • Posted July 11, 2014
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  • ARM to launch Nigeria’s first infrastructure fund with $250m

    Nigeria’s ARM Infrastructure is close to raising $250 million in the country’s first infrastructure fund, to invest in transport, energy and utility sectors across West Africa, with much of the money coming from pension funds. The company’s...

    • Posted July 11, 2014
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  • Nigeria loses $2billion yearly to gas flaring

    Nigeria loses about $2 billion to gas flaring annually which is an economic crime committed by the oil companies involved in flaring, Mr. Nnimmo Bassey, an environmentalist and a delegate at the ongoing National Conference, said in...

    • Posted July 10, 2014
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  • Microfinance Bank disburses N532m credit

    The Enugu-based Umuchinemere Pro-credit Microfinance Bank (UPMFB) has announced the disbursement of a total of N532.253 million micro-credits to low and middle income earners in Enugu state in the first six months of 2014. The funds, given...

    • Posted July 10, 2014
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  • Biometric registration of bank customers begins in Lagos

    The Central Bank of Nigeria has announced the commencement of biometric registration of bank customers in Lagos. As a result, bank customers in the state will be issued a unique identification number called Bank Verification Number. A...

    • Posted July 10, 2014
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  • Bayelsa shops for N40bn loan for cargo airport

    In a bid to speedily complete the construction of its cargo airport project, the Bayelsa State Government is shopping for a N40 billion loan from commercial banks in the country. It was gathered that the state governor,...

    • Posted July 10, 2014
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  • Again, FG insists on TCN attaining 6,000mw wheeling capacity by December

    The Minister of Power, Prof. Chinedu Nebo, yesterday disclosed that the Transmission Company of Nigeria (TCN) would have no justification for not meeting up with the December 2014 deadline given to it by the government to upgrade...

    • Posted July 10, 2014
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  • Market indicators appreciate by 0.24%

    The equities segment of the stock market recorded gains on Tuesday with the major indicators appreciating. For instance, the Nigerian Stock Exchange All-Share Index rose by 0.24 per cent or 103.76 basis points to close at 42,861.80...

    • Posted July 10, 2014
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