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All posts by Ifreke Inyang

  • Kaduna fuel marketers snub DPR authority

    Many petrol stations that did not have petrol days back, now have the product, but sold above the official pump price of N97 per litre. Saturday Vanguard’s investigation Wednesday revealed that the Nigerian National Petroleum Corporation  (NNPC)...

    • Posted March 9, 2014
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  • Mobile money awareness still low in Nigeria – Report

    A new survey by Enhancing Financial Innovation & Access has revealed that awareness and usage of mobile money in Nigeria still remains low. According to the study made available to our correspondnet, as of November 2013, only...

    • Posted March 9, 2014
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  • IMF predicts growth for Nigeria’s economy

    Economic growth in Nigeria will accelerate this year, driven by sectors outside its dominant energy industry, while inflation will continue its downward path, the International Monetary Fund said on Friday. The economy is set to grow 7.3...

    • Posted March 9, 2014
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  • Foreign investors reduce exposure to Nigerian risk — Report

    Foreigners stayed away from the Federal Government’s latest Treasury bill auction, the first since the suspension of the Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, in a sign that investor confidence is yet to recover after...

    • Posted March 9, 2014
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  • Sanusi: FG to question CBN external auditors

    Based on the queries raised by the Financial Reporting Council of Nigeria on the Central Bank of Nigeria’s audited financial statements for 2012, the council will summon the bank’s external auditors to provide further clarification, sources familiar...

    • Posted March 9, 2014
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  • Domestic airlines lose N20b annually to poor airfiled lighting

    Nigerian domestic carriers lose over N20 billion annually to poor, inadequate or non-existent air field lighting at some Nigerian airports. The losses are incurred by the inability of the airlines to operate to some airports in the...

    • Posted March 8, 2014
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  • FG imposes 2% tax on phones, computers, others

    The Federal Government has concluded arrangements to impose a two per cent tax on the values of mobile phones, computers, software, cameras, photocopiers, printing machines and CD players manufactured in the country or imported. The order for...

    • Posted March 8, 2014
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  • 2014 Budget: FG to spend N268bn on SURE-P

    As other ministries, departments and agencies (MDAs) groan under inadequate funding in the 2014 budget, the federal government has disclosed that it will spend not less than N268 billion on the Subsidy Reinvestment and Empowerment Programme (SURE-P)....

    • Posted March 8, 2014
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  • Exporters decry absence of functional trade zones

    Nigerian exporters have blamed the under investment of exportable products on the absence of functional trade zones for non-oil products in the country. The exporters said in Abuja that pricing, loading and evacuation of export-bound goods should...

    • Posted March 8, 2014
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  • CPC meets telecoms firms’ CEOs over poor services

    The Consumer Protection Council met with the chief executive officers of telecommunications companies operating in the country on Thursday over complaints of poor services by consumers. Those summoned to the meeting by the council included the CEOs...

    • Posted March 8, 2014
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