All posts by Ifreke Inyang

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  Contaminated beer: Customer demands N111m damages from Nigerian Breweries

  A Federal High Court sitting in Abuja has ordered Nigerian Breweries Plc. To, within 30 days, appear before it over an allegation of brewing a contaminated Heineken brand of beer. The court, in a writ of summons...

  • Posted October 19, 2014
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  Nigerian Airports rated poorly in Africa

  Nigeria did not move up the ladder in latest rating by the Airport Council International (ACI) as it is number six among the top 10 African airports in 2013. This was disclosed by the Director General of...

  • Posted October 18, 2014
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  Lekki Deep Seaport threatened as investors, banks decline funding

  The multi-billion Lekki deep seaport project in Lagos is being threatened, as investors and banks were said to have declined putting their money in the project. The deep seaport, anticipated to become operational in 2016, is expected...

  • Posted October 18, 2014
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  NGOs not exempted from taxation – FIRS

  The acting Executive Chairman of Federal Inland Revenue Service (FIRS), Alhaji Kabiru Marshi, Thursday clarified that contrary to widespread assumptions, Non-Governmental Organisations (NGOs) are, to some extent, not exempted from tax obligations Speaking at the opening of...

  • Posted October 18, 2014
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  Banks to relax loan conditions for small businesses

  The Bankers Committee of the Central Bank of Nigeria on Thursday said it was working to finalise the establishment of a modern collateral registry that would ensure that moveable assets were accepted as collateral by banks by...

  • Posted October 18, 2014
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  CBN charges 11% interest on N213bn power loan

  The annual interest rate to be paid by power firms on the N213bn intervention fund arranged by the Central Bank of Nigeria is 11 per cent. According to the Nigerian Electricity Regulatory Commission, aside the initial one...

  • Posted October 18, 2014
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  Foreign investors withdraw N483bn from stock market

  Foreign portfolio investment outflow from the Nigerian Stock Exchange amounted to N482.91bn in the first eight months of the year, data obtained from the Exchange showed. According to the Exchange, the FPI outflows include sales transactions or...

  • Posted October 18, 2014
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  Calabar Port contract followed due process – Niger Global Director

  The award of contract for the Calabar Channel by Nigerian Ports Authority (NPA) to a joint venture, Calabar Channel Management Limited (CCM) and Niger Global Engineering Services Limited, followed due process and not in contravention of any...

  • Posted October 18, 2014
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  Freight forwarders question SON’s competence

  Freight forwarders in the country have questioned the competence of the Standard Organisation of Nigeria (SON) in the assessment of goods produced in Nigeria or imported into the country. The freight forwarders under the aegis of the...

  • Posted October 18, 2014
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  FBN Capital to highlight benefits of GDP rebasing

  FBN Capital Limited, the Investment Banking and Asset Management subsidiary of FBN Holdings Plc, has concluded arrangements to showcase how Nigeria can capitalise on the recent gross domestic products (GDP) rebasing. In a statement yesterday, the company...

  • Posted October 17, 2014
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