All posts by Ifreke Inyang

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  Total denies shutting Ofon-2 project

  Total E&P Nigeria Ltd, the operator of the NNPC/Total Joint Venture, has denied recent media reports claiming it had shut down its Ofon-2 project. The denial comes even as the company acknowledged receipt of a notice of...

  • Posted March 18, 2014
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  NERC abolishes flat tariff system

  NIgerian electricity consumers may no longer pay flat tariff rate, if the promise of the Nigerian Electricity Regulatory Commission, NERC, is anything to go by. The Special Adviser, Research and Strategy, NERC, Mr. Uche Okoro, stated this...

  • Posted March 18, 2014
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  NCAA clears Medview

  The Nigerian Civil Aviation Authority has given Medview Airlines a clean bill of health after conducting a test flight on its aircraft on Sunday. A statement by Medview said the 30-minute testflight took the aircraft from Lagos...

  • Posted March 18, 2014
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  Inflation rate drops to 7.7% – NBS

  The National Bureau of Statistics on Sunday released the Consumer Price Index, stating that the country’s inflation rate dropped from eight per cent in January to 7.7 per cent in February. The report signed by the Statistician-General...

  • Posted March 18, 2014
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  Sovereign Trust Insurance settles N1.7bn claims

  Sovereign Trust Insurance Plc said it paid N1.7bn claims to its policyholders in the 2013 financial period. A statement from the firm, which was obtained on Sunday, showed that energy insurance claim recorded the highest figure of...

  • Posted March 18, 2014
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  PFAs invest N609.8bn pension funds in shares

  By November last year, the Pension Fund Administrators had invested N609.8bn in shares, or about 15 per cent of the entire pension funds that stood at N4tn at the end of the 2013 financial period. According to...

  • Posted March 18, 2014
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  Court orders returns of N7bn to NIMASA

  The Lagos division of the Court of Appeal last Friday ordered the return of the sum of N7 billion to the coffers of the Nigerian Maritime Administration and Safety Agency (NIMASA) in an appeal between the agency...

  • Posted March 18, 2014
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  NCC alarmed over telecom equipment vandalisation

  THE Nigerian Communications Commission (NCC), yesterday, raised the alarm that vandalisation of telecommunication equipment across the country contributes negatively to quality and availability of services. Consequently, the Commission appealed to state governors  to assist in the passage of...

  • Posted March 17, 2014
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  NNPC pumps additional 956m litres of petrol

  THE Nigerian National Petroleum Corporation, NNPC, weekend, said it has pumped additional 956, 501,315 million litres of premium motor spirit, petrol, to the market as part of efforts to restore normalcy to the fuel situation in the...

  • Posted March 17, 2014
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  Nigeria earns $50bn from gas exportation in 15 years

  Nigeria has earned over $50 billion as proceeds from exportation of liquefied natural gas in the last 15 years, Managing Director and Chief Executive Officer of Nigeria LNG Limited, Mr. Babs Omotowa, has said. Omotowa, who disclosed...

  • Posted March 17, 2014
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