All posts by Ifreke Inyang

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  iPhone sale: Etisalat partners Apple

  Etisalat Nigeria has become the second telecommunications company, after Airtel, to collaborate with Apple in the sale of iPhones in the country. Etisalat stated that the iPhone 5s on its stable came with 12-month warranty and a...

  • Posted June 24, 2014
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  FG inaugurates four power transmission substations

  The Federal Government on Sunday said it had inaugurated four power transmission substations to boost electricity supply across the country. According to the government, one of the substations was inaugurated on Saturday in Adiabo, Cross River State,...

  • Posted June 24, 2014
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  Sovereign Wealth Fund yields N1.2bn profit in Q1

  The Nigeria Sovereign Investment Authority has announced a profit of N1.2bn from its investment of the Sovereign Wealth Fund for the first quarter of this year, up from the N525m made in the 15-month period ended December...

  • Posted June 24, 2014
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  FG won’t abandon airport remodelling – Minister

  The Federal Government has said that no project in the ongoing remodelling of the airports would be abandoned. The Supervising Aviation Minister, Mr. Samuel Ortom, said this at the Murtala Muhammed International Airport, Lagos shortly after an...

  • Posted June 24, 2014
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  Guided liquidation: Nitel creditors to lose N400bn

  As the June 30, 2014 deadline for bids for Nigerian Telecommunications (Nitel) assets  approaches there are indications that the moribund company’s creditors may lose N400 billion. Nitel’s creditors are mostly suppliers and are owed up to N400...

  • Posted June 24, 2014
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  Bankers’ Committee concur with Emefiele on phased cut in interest rates

  The decision of the Bankers Committee to speak in one voice with the new leadership of the Central Bank of Nigeria over the latter’s plan to reduce interest rates, at a later date, is a plus for...

  • Posted June 23, 2014
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  Stakeholders back regulator in drive for ports efficiency

  As the guidelines for the new ways of doing business at the ports are awaited from the Nigerian Shippers’ Council (NSC) as the ports regulator, industry stakeholders, apparently apprehensive of the outcome,  say they will all the...

  • Posted June 23, 2014
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  Infrastructure challenges are denying Nigeria of SME gains – Oyebode

  As concerns are being raised over the imbalance between the Nigeria’s burgeoning informal sector and the rate of economic development, Head of SME, Stanbic IBTC Bank, Mr. Akintunde Oyebode, in this encounter with Festus Akanbi, said the...

  • Posted June 23, 2014
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  FG records N1.43tn drop in crude oil sales

  The Federal Government recorded a decline of N1.43tn in crude oil sales in the 2013 fiscal period, a document obtained from the Budget Office of the Federation has revealed. The BOF in its 2013 consolidated budget implementation...

  • Posted June 23, 2014
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  NSE ASI down 0.93% WoW as bears emerge

  Global Markets: Global markets kicked off the past week on a cautious note, with all eyes on the outcome of the Federal Open Market Committee (FOMC) held on Tuesday and Wednesday. Not surprisingly, the Fed trimmed another...

  • Posted June 23, 2014
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