Don't Miss


All posts by Ifreke Inyang

  • Nigerians groan as power generation drops by 1,100MW

    The power supply situation in Lagos and other parts of the country has gone very bad in the past five days, with households and businesses experiencing hours of blackout. In the intervening period, some areas have yet...

    • Posted June 25, 2014
    • 0
  • World Bank pledges to support Nigeria’s power sector

    The World Bank has pledged continued support for the development of Nigeria’s power sector following its successful privatisation. The pledge, according to a report by theNews Agency of Nigeria on Monday, was contained in a statement issued by...

    • Posted June 25, 2014
    • 0
  • NCC to set up centre for multimedia production

    The Nigerian Communication Commission plans to establish a centre of excellence that will build the capacity of the country in multimedia productions The Executive Vice Chairman of NCC, Dr. Eugene Juwah, disclosed this at the third edition...

    • Posted June 25, 2014
    • 0
  • Bayelsa seaport to cost N150bn – Dickson

    Governor of Bayelsa State, Mr. Seriake Dickson, says his administration will spend N150bn to develop Agge Deep seaport in Ekeremor Local Government Area of the state. Dickson made this known during the state PDP Executive Committee meeting...

    • Posted June 25, 2014
    • 0
  • General Electric deploys 75mw gas turbines to PH refinery

    As part of the efforts to overcome power outages at Port Harcourt Refinery, General Electricity has supplied GEL Utility Limited with three 25-megawatt (MW) trailer-mounted TM2500+ aero-derivative gas turbines to generate uninterrupted power at the refinery. The...

    • Posted June 25, 2014
    • 0
  • Dangote dismisses fear of job losses on account of cement standardisation

    Dangote Cement Plc, at the weekend, dismissed as unfounded the claim that the recent review and grading of cement quality would lead to loos of job, saying on the contrary, it would open opportunities for more jobs....

    • Posted June 24, 2014
    • 0
  • Oando’s shares gain 52% on ConocoPhillips’ acquisition

    The share price of Oando Plc went up by about 52 per cent last week as investors reacted positively to the ministerial consent  the company received for the acquisition of ConocoPhillips (COP) Nigerian assets. Oando’s share price...

    • Posted June 24, 2014
    • 0
  • CBN’s intervention, dollar sales to boost naira

    Foreign exchange dealers expect the naira to strengthen on the heels of dollar sales from some oil companies and possible direct intervention by the central bank this week. The currency had closed at N160.90 to the dollar...

    • Posted June 24, 2014
    • 0
  • Obiano backs SON on cement standardisation

    Anambra State Governor, Chief Willie Obiano, has expressed concern over the frequency of building collapse in Onitsha and its environs, and has thrown his weight behind the efforts of the Standards Organisation of Nigeria (SON) to curb...

    • Posted June 24, 2014
    • 0
  • NSE delists Daar, Starcomms, JIB, 17 others

    The Nigerian Stock Exchange (NSE) has decided to delist 20 companies for non-compliance with listing requirements. While 15 of the companies are being delisted for failure to file their quarterly and annual financial statements, five others  are...

    • Posted June 24, 2014
    • 0