All posts by Ifreke Inyang

• 
  Experts foresee pressure on naira over declining crude oil prices

  The declining crude oil prices, which have continued to cause apprehension across the global market may put pressure on the ability of the Central Bank of Nigeria (CBN) to intervene in the forex market. The global crude...

  • Posted October 23, 2014
  • 0
• 
  Shell okays Nigerian assets sale

  Royal Dutch Shell has signed the sale and purchase agreements for all the Nigerian oil assets it put up for sale following a 2013 review of its business in the country, a spokesman said on Tuesday. The...

  • Posted October 23, 2014
  • 0
• 
  Insecurity, competition to depress banks, FMCGs Q3 earnings

  Uncertainties, which are likely to stem from the 2015 elections, insecurity in the northern part of the country and increased competition are some of the factors that will hamper the expected third quarter results of banks and...

  • Posted October 23, 2014
  • 0
• 
  Crude oil theft now 800,000 barrels monthly – Navy

  The Flag Officer Commanding (FOC) Eastern Naval Command, Rear Admiral Charles Obiora-Medani, has disclosed that Nigeria now loses 800,000 barrels of crude oil monthly to thieves as against over two million barrels monthly at the early part...

  • Posted October 23, 2014
  • 0
• 
  New loans must have BVN from November – CBN

  The Central Bank of Nigeria has said all new loans from Deposit Money Banks must have the Bank Verification Number as a condition precedent to drawdown, with effect from November 3, 2014. The CBN in a statement...

  • Posted October 23, 2014
  • 0
• 
  Power firms get two-week ultimatum to meter customers

  The Nigerian Electricity Regulatory Commission on Tuesday said power distribution companies had been given a two-week ultimatum to provide meters for customers who had paid for them under the Credited Advance Payment for Metering Implementation scheme. According...

  • Posted October 23, 2014
  • 0
• 
  FIRS probes six firms over N2.4bn tax liabilities

  For failing to remit tax revenue amounting to N2.4bn, the Federal Inland Revenue Service has quizzed top officials of six companies operating in Lagos. The companies and their outstanding tax liabilities, according to the FIRS, are Leaders...

  • Posted October 23, 2014
  • 0
• 
  Oil prices: FG raises FIRS, Customs revenue targets

  The Federal Government has come up with a contingency plan that involves raising the targets of the key non-oil revenue agencies for next fiscal year in order to insulate the economy against the fall in the prices...

  • Posted October 23, 2014
  • 0
• 
  Maritime workers kick against plan to designate INTELS a National Terminal

  Maritime Workers Union of Nigeria (MWUN) Tuesday urged the federal government to jettison its plan to designate INTELS Terminal located in Onne, Port Harcourt a National Terminal for the clearance of heavy lift cargos and deep draught...

  • Posted October 23, 2014
  • 0
• 
  Drastic drop reported in crude oil theft

  The Flag Officer Commanding (FOC) Eastern Naval Command, Rear Admiral Charles Obiora-Medani, has disclosed that Nigeria now loses 800,000 barrels of crude oil monthly to thieves as against over two million barrels monthly in the early parts...

  • Posted October 22, 2014
  • 0