All posts by Ifreke Inyang

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  CBN building inferno halts foreign exchange trading

  Foreign exchange trading activities at the Central Bank of Nigeria’s Lagos office in Marina were temporarily suspended on Wednesday as a result of the fire that ravaged some sections of the building on Tuesday evening. The CBN...

  • Posted March 28, 2014
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  Cashless policy will create first class economy — CBN

  Governor of Central Bank of Nigeria, CBN, Mrs Sarah Alade, has said that its cashless policy will turn the country’s economy into a first class one and that it was not intended to eliminate the use of...

  • Posted March 28, 2014
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  Court didn’t stop tolls on Lekki-Ikoyi bridge – Lagos

  Lagos State Attorney-General and Commissioner for Justice, Mr. Ade Ipaye, has said the Thursday’s judgment of the Federal High Court did not stop toll collection on the Lekki-Ikoyi bridge. Justice Saliu Saidu of the Federal High Court,...

  • Posted March 27, 2014
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  Oshodi rail station to resume services after 7 years

  The Nigerian Railway Corporation (NRC) is to re-open its Oshodi Station in Lagos on March 31 after seven years of closure. The NRC said in a statement in Lagos on Wednesday that the proposed re-opening was in response...

  • Posted March 27, 2014
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  Shell declares force majeure on Forcados oil export

  The Shell Petroleum Development Company Joint Venture has declared a force majeure on oil lifting from the Forcados Terminal. The company, in a statement on Tuesday, said the force majeure became effective from 09:00 hours on Tuesday,...

  • Posted March 27, 2014
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  Dangote formally launches 42.5 cement grade with SON approval

  The Standards Organisation of Nigeria (SON) yesterday formally gave approval to Dangote Cement Plc to commence the rolling out of  42.5 higher grade of cement into the Nigerian market. The agency said it had inspected the company’s...

  • Posted March 27, 2014
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  Why NCC cannot transfer N642m telecoms fine to subscribers

  The Executive Vice-Chairman, Nigerian Communications Commission (NCC), Mr. Eugene Juwah, yesterday disclosed that the commission cannot make any cash transfer to subscribers of GSM telecommunications service as a result of the recent sanctions, which compelled MTN, Glo...

  • Posted March 27, 2014
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  Refineries likely for privatisation this year — NCP

  The National Council on Privatisation has listed the nation’s four refineries for possible privatisation this year. The Director-General, Bureau of Public Enterprises, Mr. Benjamin Dikki, disclosed this in a statement made available to our correspondent in Abuja...

  • Posted March 27, 2014
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  2,100MW of electricity lost to pipeline vandalism — FG

  The country has been losing about 2,100 megawatts of electricity in past few months as a result of vandalism of gas pipelines, the Federal Government has said. The government also said on Tuesday that it was quoted...

  • Posted March 27, 2014
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  2015: CBN to withdraw N360bn from banks

  The Central Bank of Nigeria on Tuesday moved to tighten liquidity ahead of the 2015 elections by raising the Cash Reserves Requirement for private sector deposits by 300 basis points from 12 per cent to 15 per...

  • Posted March 27, 2014
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