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All posts by Ifreke Inyang

  • Senate demands explanation on N174bn aviation debt

    The Chairman, Senate Committee, on Aviation, Senator Hope Uzodinma, on Monday, demanded  full explanation on the huge debt profile  of N174bn   owed to contractors   by the Ministry of Aviation from the Supervisory Minister, Mr Samuel Ortom.. Apparently...

    • Posted May 27, 2014
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  • Ports: Fresh moves to achieve 48-hour cargo clearance begin

    After several years of efforts by successive administrations to achieve 48-hour cargo clearance at the nation’s seaports without success, the federal government, through the Ports Economic Regulator, is making new moves to ensure that importers can clear...

    • Posted May 26, 2014
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  • MPR: Favourable indices build confidence in CBN

    The Central Bank of Nigeria’s Monetary Policy Committee for the first time in a long while, did not tinker with the monetary policy rates at its meeting last week, citing the prevailing regime of favourable indices as...

    • Posted May 26, 2014
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  • Access Bank, Friends Africa galvanise global support to boost healthcare

    By successfully staging the Africa Health Innovation Meeting on the sidelines of the just concluded World Economic Forum (WEF) on Africa, Access Bank Plc, Friends Africa and the Global Fund have no doubt enlisted African health, particularly...

    • Posted May 26, 2014
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  • Improved financial inflows raise current account surplus by 47%

    The Central Bank of Nigeria (CBN) has disclosed that improved financial inflows (home remittances) from Nigerian in Diaspora raised the profile of current account surplus in the fourth quarter of 2013 to $5.38 billion, a 47.5 per...

    • Posted May 26, 2014
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  • FG saves N300bn from crude oil sale

    The Federal Government has begun moves to increase the Excess Crude Account following massive depletion of the account within the last two years. It was learnt that the move was necessitated by the need to shore up...

    • Posted May 26, 2014
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  • 20 banks get N228.2bn for agric projects

    A total of N228.2bn has been released by the Central Bank of Nigeria to Deposit Money Banks in the country under the Commercial Agriculture Credit Scheme for 307 projects. The fund, according to the apex bank’s latest...

    • Posted May 26, 2014
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  • Insurers must avoid shortcut — Wiggle

    The Managing Director and Chief Executive Officer, Linkage Assurance Plc, Mr. Gus Wiggle, spoke to NIKE POPOOLAon the relevance of averting fire disasters and mitigating risks resulting from the incidence What is responsible for the incessant fire outbreaks in...

    • Posted May 26, 2014
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  • Dangote Sugar Refinery targets 2million tonnes of sugar per annum

    The Dangote Sugar Refinery says its target is to produce about 2 million tonnes of sugar per annum from locally grown sugar cane within the next 10 years. The company’s Chairman, Alhaji Aliko Dangote, made the disclosure...

    • Posted May 25, 2014
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  • NAICOM tasks governments on insurance cover to mitigate flooding, terrorism risks

    The National Insurance Commission (NAICOM) on Saturday urged the three tiers of government to consider insurance cover for citizens against natural disasters and terrorism. A NAICOM Official, Dr Sam Onyeka, made the call in a paper entitled:...

    • Posted May 25, 2014
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