All posts by Ifreke Inyang

• 
  National Assembly drums up support for implementation of NEITI reports

  The National Assembly has expressed its determination to ensure that findings in the annual oil and gas industry audit report of the Nigeria Extractive Industry Transparency Initiative (NEITI) are extensively implemented. The Chairman, Senate Committee on Public...

  • Posted May 28, 2014
  • 0
• 
  FG partners US to boost export products

  The Federal Government has said it is partnering the United States Government to boost the export of Nigerian products to America, under the African Growth and Opportunity Act (AGOA). The Minister of Industry, Trade and Investment, Mr....

  • Posted May 27, 2014
  • 0
• 
  FG seals pact with China, Canada to increase FDI inflows

  The federal government has sealed two agreements that would help to facilitate investment cooperation as well as  fast-track the inflow of foreign direct investment (FDI) into the country. While one of the agreements was between Nigeria and...

  • Posted May 27, 2014
  • 1
• 
  NERC retains N750 fixed charge for electricity consumption

  Power consumers in the country will from June 1 this year pay N750 as fixed charge for electricity instead of N1,500 that should have been paid, the Nigerian Electricity Regulatory Commission has said. According to NERC, the...

  • Posted May 27, 2014
  • 0
• 
  Shareholders approve N3bn capital issue for May & Baker

  Shareholders of May & Baker Nigeria Plc have authorised the directors of the company to raise up to N3 billion in new equity fund. The Shareholders gave the nod at the healthcare company’s annual general meeting (AGM)...

  • Posted May 27, 2014
  • 0
• 
  Crisis brews in Ondo over ownership of Owena Oil and Gas

  The  alleged moves  by the Ondo State Government to transfer  oil assets of Owena Oil and Gas Ltd to another entity, Owena Energy Company Ltd,  is creating a lot of controversies between the state government and stakeholders...

  • Posted May 27, 2014
  • 0
• 
  Power generation drops by 431MW

  Power generation dropped to 3,674 megawatts on Saturday, May 24, 2014 from the peak of 4,105MW recorded last month, representing a 10.49 per cent drop. This information was contained in the Daily Operational Report of the Transmission...

  • Posted May 27, 2014
  • 0
• 
  Stakeholders refute claim of substandard cement

  The Chief Executive Officer, Lafarge Cement WAPCO Nigeria Plc, Mr. Joe Hudson, has said that there is no substandard cement in the country, contrary to the claim that the product is responsible for the increasing cases of...

  • Posted May 27, 2014
  • 0
• 
  Infrastructure Bank recovers 95% mass transit loans

  The Infrastructure Bank Plc has said it has recovered 95 per cent of the N10.5bn loans it granted under the first phase of the Public Mass Transit Revolving Fund. The Managing Director of the bank, Mr. Adekunle...

  • Posted May 27, 2014
  • 0
• 
  Insurers earn N28.68bn from CI

  The Commissioner for Insurance, Mr. Fola Daniel, said that the insurance industry earned N28.68bn from compulsory insurance products in 2012. “Considerable progress was equally recorded in the volume of premium written under this class of insurance during...

  • Posted May 27, 2014
  • 0