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All posts by Ifreke Inyang

  • Jonathan approves appointment of new Company Secretary for NNPC

    President Goodluck  Jonathan Monday approved the appointment of Mr. Ikechukwu Oguine as the Coordinator, Legal Services and Company Secretary of the Nigerian National Petroleum Corporation (NNPC). This was contained in a statement by his Special Adviser on...

    • Posted April 8, 2014
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  • World Bank’s extreme poor rating of Nigeria a challenge to government – Expert

    An economist, Prof. Olu Ajakaiye, says the recent Word Bank’s extreme poor rating of Nigeria is a challenge to government to step up its economic empowerment programmmes. Ajakaiye, who is the President of the Nigeria Economic Society...

    • Posted April 7, 2014
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  • FG identifies 1,200 abandoned mining sites

    The Federal Government today said that it had identified 1,200 abandoned mining sites across the country. Mr Salim Adegboyega, the Acting Director of Mines Environmental and Compliance Department in the Ministry of Mines and Steel Development, disclosed...

    • Posted April 7, 2014
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  • Banks’ total liquid assets drop to N6,614.8bn

    As the 2013 full financial results of the nation’s deposit money banks continued to trickle in last week, the Central Bank of Nigeria has disclosed that the total specified liquid assets of Nigerian banks stood at N6,614.8...

    • Posted April 7, 2014
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  • Investors count losses in Q1 as share prices depreciate

    A number of factors ‘conspired’ to depress share prices on the Nigerian Stock Exchange in the first quarter of the year as investors count their losses while analysts warn that the trend may continue in the wake...

    • Posted April 7, 2014
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  • NNPC, Addax Petroleum float N37m micro-credit scheme for 868 women

    With the clear realisation that mirco-credit is a crucial element towards the development and improvement of quality of life, Addax Petroleum Nigeria Limited as a company has put in place a micro-credit scheme designed to provide seed...

    • Posted April 7, 2014
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  • Nigeria-Belgium trade volume worth €300m – Ambassador

    Nigerian Ambassador to Belgium,  Felix Awanbor,  Saturday  said  the trade volume between Nigeria and Belgium was worth €300 million. The ambassador made the disclosure when he spoke  to journalists at the just-concluded Fourth European Union-Africa Summit in...

    • Posted April 7, 2014
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  • FG not supporting insurance sector — NIA

    The Nigerian Insurers Association has frowned on attempts by other institutions in the financial sector as well as government agencies to take over businesses that should have been done by underwriters. The Chairman, NIA, Mr. Remi Olowude,...

    • Posted April 7, 2014
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  • NAICOM considers 10 firms for micro-insurance licence

    Facts have emerged that 10 insurance firms are currently jostling for micro insurance licences following the release of guidelines by the National Insurance Commission for micro insurance business. This development was confirmed by the Deputy Director Authorisation...

    • Posted April 7, 2014
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  • Nigeria overtakes South Africa as Africa’s largest economy

    Nigeria recorded 89.22 per cent growth in Gross Domestic Product (GDP) in 2013, making it the largest economy in Africa and 26th in the world. The position was previously occupied by South Africa. Dr Ngozi Okonjo-Iweala, the...

    • Posted April 6, 2014
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