All posts by Ifreke Inyang

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  Nigeria consumed 250,000 tonnes of LPG in 2013 – PPMC

  Nigerians consumed a paltry 30 per cent or 250,000 tonnes, out of the whopping 850,000 tonnes of Liquefied Petroleum Gas (LPG) reserved for domestic use last year. According to the Managing Director of the Pipelines and Products...

  • Posted March 30, 2014
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  SEC targets 100% market capitalisation contribution to GDP

  The Securities and Exchange Commission, SEC, said it plans to grow the contribution of the Nigerian Stock Exchange, NSE, market capitalisation to the Gross Domestic Product, GDP, by over 100 percent in the next 10 years from...

  • Posted March 30, 2014
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  Expired fish: FG orders closure of cold rooms

  The Federal Government has ordered the immediate shutdown of all cold rooms found to be stockpiling expired or unwholesome fish in the country. Already, the government said it had commenced a physical count of all cold rooms...

  • Posted March 30, 2014
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  World Bank approves $200m loan for Lagos

  The Board of the World Bank has approved a loan of $200m for Lagos State. A statement issued by the bank in Abuja on Thursday said the $200m was to support reforms pertaining to fiscal sustainability, budget...

  • Posted March 29, 2014
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  Aviation experts jittery over Cat-1 status retention

  Experts in the Nigerian aviation sector have raised fears that the country may likely not retain the Category One status. The experts said recent occurrences as well as the many uncompleted projects in the sector might count...

  • Posted March 29, 2014
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  Poor services: Telecoms operators panic over fresh fines

  Mobile telecommunications operators, especially those recently fined by the Nigerian Communications Commission, are apprehensive that the regulator may impose additional fines on them due to the persistent poor quality of services they are offering. The apprehension, our...

  • Posted March 29, 2014
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  Bauchi to Set up N190m Organic Fertiliser Plant

  The Bauchi State Government said it would set up a N190 million neem based organic fertiliser plant with the capacity to produce 3,600 tonnes of fertiliser annually. The Commissioner for Science and Technology, Alhaji Bala Abdullahi, who...

  • Posted March 29, 2014
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  NCAA may go bankrupt over poor service charge payments from airlines

  There are indications that the Nigerian Civil Aviation Authority (NCAA) may become financially insolvent because of the failure of airlines to pay their Passenger Service Charge (PSC) and the tendency for the operators to allegedly shortchange the...

  • Posted March 29, 2014
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  Taleveras clarifies crude oil swaps with NNPC

  Taleveras Group yesterday refuted claims by the Nigeria Extractive Industries  Transparency Initiative (NEITI) in its audit report that it under delivered 152,308,878 litres of petroleum products in 2011. NEITI in its audit report submitted to the National...

  • Posted March 29, 2014
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  Ashaka Cement faults plan to ban 32.5 cement grade

  Ashaka Cement Plc has faulted the federal government’s plan to ban the production of 32.5 cement grade in the country. The Chairman of the Board, Ashaka Cement Plc, Alhaji Umaru Kwairanga said during a chat with journalists...

  • Posted March 29, 2014
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