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All posts by Ifreke Inyang

  • FG saves N26bn from bridging claims

    The Federal Government, through its Petroleum Equalisation Fund, saved a total of N26bn in 2013 after it stopped the illegal payment of bridging claims to fraudulent petroleum marketers. PEF is an agency under the Federal Ministry of...

    • Posted January 21, 2014
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  • Odu’a GMD announces resignation

    The Group Managing Director, Odu’a Investment Company Limited, Mr. Adebayo Jimoh, has announced his resignation after nine years as the head of the conglomerate. Jimoh, who did not give any reason for his action, said the resignation...

    • Posted January 21, 2014
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  • Tejuosho market: Court affirms Access Bank’s appointee

    A Federal High Court in Lagos on Monday affirmed the appointee of Access Bank Plc, Mr. Kunle Ogunba (SAN),  as manager of the property of Tejuosho Ultramordern Market Phase 1, Yaba, Lagos, pending when the proceeds from...

    • Posted January 21, 2014
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  • Nigeria targeting fair share of world cocoa market – Aikpokpodion

    Team Leader of Cocoa Value Chain Development of the Federal Ministry of Agriculture and Rural Development, Dr. Peter Aikpokpodion, is optimistic that Nigeria is on its way to reclaiming the economic prowess of cocoa, which sustained its...

    • Posted January 20, 2014
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  • We never approved Bi-Courtney terminal design — FAAN

    Federal Airports Authority of Nigeria ,FAAN, has denied approving the designs of Domestic Terminal 2 of the Murtala Muhammed Airport, Lagos, currently operated by Bi-Courtney Aviation Services under concession agreement. Bi-Courtney Aviation Services was quoted as saying...

    • Posted January 20, 2014
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  • Egbin power plant loses 480MW to gas shortage

    Gas shortage has continued to plaque the privatised power sector as the country’s largest power plant, Egbin Power Plc, has lost 480 megawatts of power to its inadequate supply. The power plant has an installed capacity of...

    • Posted January 20, 2014
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  • Mobile operators lose 39 million lines

    Digital mobile operators have lost a total of 39,768,994 lines to dormancy, investigation has shown. The latest statistics from the Nigerian Communications Commission obtained on Friday indicated that although the mobile (GSM) operators had connected a total...

    • Posted January 20, 2014
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  • China may become largest energy importer by 2035 – BP

    China is expected to exceed Europe to become the largest energy importer in the world by 2035, said a report issued by British oil giant BP. The annual Energy Outlook 2035 report released on Wednesday forecast global...

    • Posted January 20, 2014
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  • Shell warns of significant profit miss

    Royal Dutch Shell issued a “significant” profit warning on Friday, detailing across-the-board problems and the extent of the challenges facing the oil major’s new boss Ben van Beurden, who took over two weeks ago. Reuters reported on Friday,...

    • Posted January 20, 2014
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  • Jonathan inaugurates mortgage firm to tackle housing deficit

    Jonathan on Thursday inaugurated the Nigeria Mortgage Refinance Company Plc and spoke of his administration’s determination to tackle the housing deficit in the country. The public-private initiative is meant to bridge the financing gap in home ownership...

    • Posted January 19, 2014
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