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All posts by Ifreke Inyang

  • Shell lifts force majeure on crude exports from Forcados Terminal

    Exactly seven weeks after it declared force majeure in the export of crude oil from the Forcados terminal, the Shell Petroleum Development Company (SPDC) joint venture yesterday lifted the force majeure. The federal government and the International...

    • Posted May 17, 2014
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  • Expose tax evaders – Dangote advises FIRS

    In order to boost revenue, the President, Dangote Group, Alhaji Aliko Dangote, has called on the Federal Inland Revenue Service to expose tax evaders by making public their identities, and at the same time appreciate companies and...

    • Posted May 17, 2014
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  • Made-in-Nigeria vehicles to roll out next month – FG

    The Federal Government on Thursday announced plans for the massive roll out of made-in Nigeria vehicles from next month. The Minister of State for Industry, Trade and Investment, Dr. Samuel Ortom, stated this when a delegation from...

    • Posted May 17, 2014
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  • Oil theft: Government records N30bn drop in revenue

    The Federation Accounts Allocation Committee on Thursday said the country recorded N30.20bn drop in gross revenue as it recorded N584.15bn in April from N614.35bn in March. The Accountant-General of the Federation, Mr. Jonah Otunla, revealed this while...

    • Posted May 17, 2014
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  • Elumelu Foundation inaugurates Africapitalism Institute

    The Chairman of Heirs Holdings and founder of The Tony Elumelu Foundation, Mr. Tony Elumelu, has inaugurated the Africapitalism Institute at the World Economic Forum in Abuja. According to a statement by the foundation, Africapitalism is the...

    • Posted May 17, 2014
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  • Bi-Courtney to upgrade operational equipment at MMA2

    The Chief Executive Officer of Bi- Courtney Aviation Services Limited, Mr. Christophe Pennick, yesterday said the company would invest over N500 million on the upgrade of operational equipment in 2014. Speaking to journalists at the Domestic Wing...

    • Posted May 17, 2014
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  • Market rides on bullish sentiments to gain N193bn

    The bullish trend at the stock market continued yesterday leading to a growth of N193 billion in market capitalisation of the Nigerian Stock Exchange (NSE) in three days. After resuming the week with a marginal growth on...

    • Posted May 16, 2014
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  • Nigeria’s foreign trade declines to N5.1tn

    The total value of Nigeria’s external merchandise trade dropped to about N5.16 trillion in the fourth quarter of 2013, according to the National Bureau of Statistics (NBS). That represented an 8.8 per cent (N495.3 billion) decline compared...

    • Posted May 16, 2014
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  • Sanusi, CBN oppose Intercontinental Bank shareholders’ suit

    The Central Bank of Nigeria and its suspended governor, Mallam Lamido Sanusi, have asked a Federal High Court in Abuja to dismiss a suit challenging the sale of the defunct Intercontinental Bank Plc. Some shareholders of Intercontinental...

    • Posted May 16, 2014
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  • Union Bank seeks approval to raise $750m

    Union Bank of Nigeria Plc yesterday said it will seek shareholders’ approval in June to raise up to $750 million in a medium-term debt instrument to fund big ticket lending to the oil, power and telecom sectors....

    • Posted May 16, 2014
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