All posts by Ifreke Inyang

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  NLNG generates over $50bn for the Nigerian economy in 14 years

  The Nigeria Liquefied Natural Gas (NLNG) Limited has generated over $50billion for the Nigerian economy since October 1999, when it exported its first LNG cargo. Speaking at the company’s book launch on ‘2014 Facts and Figures’ at...

  • Posted June 10, 2014
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  FRC appeals judgment on power to register firms

  The Financial Reporting Council of Nigeria (FRC) said it has appealed against the judgment of a Federal High Court which faulted its power to register and regulate private limited liability companies in the country. A statement from...

  • Posted June 10, 2014
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  Mainstreet Bank gets global certification

  Mainstreet Bank Limited says it has been awarded the Payment Card Industry Data Security Standard certification. The PCI DSS is a set of requirements designed to ensure companies that process, store or transmit credit/debit card information, maintain...

  • Posted June 10, 2014
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  AGF asks Senate to stop Malabu oil probe

  The Attorney General of the Federation and Minister of Justice, Mr. Mohammed Adoke (SAN), has asked the Senate Committee on Petroleum Resources (Upstream) to stop further investigation into the alleged $1.1bn proceeds from the sale of an...

  • Posted June 10, 2014
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  Insecurity: Airlines pay 25% more on aircraft lease

  Worsening insecurity, fuelled by Boko Haram insurgency, has made foreign companies to impose 20 to 25 per cent additional charges on aircraft lease rentals paid by Nigerian airline operators, findings by our correspondent have shown. Airline chief...

  • Posted June 10, 2014
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  National Assembly considers aviation local content bill

  The National Assembly is considering a local content bill for the aviation industry. This bill, when passed, will ensure that airlines operating in the country employ a certain number of indigenous pilots and engineers in their companies....

  • Posted June 10, 2014
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  Nigeria, South Africa partner to develop gold mining

  Nigeria and South Africa are partnering to promote the development of artisanal and small-scale gold mining in the country, the Minister of Mines and Steel Development, Mr. Musa Sada, has said. The minister stated this in an...

  • Posted June 10, 2014
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  FG says 60 foreign, 4,000 local firms participating in minerals exploration

  The Federal Government said on Sunday that 60 foreign and 4,000 local companies were participating in the country’s mineral exploration. The Minister of Mines and Steel Development, Musa Sada said in Abuja that the firms had been registered to...

  • Posted June 9, 2014
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  No action on lending rate ebfore general elections – Emefiele

  The new Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has clarified his agenda on the planned reduction of lending rates, saying no action will be taken on the rates until after the general elections...

  • Posted June 9, 2014
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  AMCON to fully divest from Mainstreet, Enterprise Banks on September 15

  A strong indication emerged last week that barring any unforeseen development, the Federal Government through the Asset Management Corporation of Nigeria (AMCON) will be handing over two of the three bridged banks, namely Mainstreet Bank Limited and...

  • Posted June 9, 2014
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