All posts by Ifreke Inyang

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  NNPC dismisses alleged $10.8bn missing oil revenue

  Nigerian National Petroleum Corporation, NNPC, yesterday cleared the air over allegation of missing $10.8 billion of the controversial un-remitted $49.8 billion oil revenue. The General Manager, Media Relations Department, Group Public Affairs Division of the corporation, Dr....

  • Posted January 6, 2014
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  Akwa Ibom loses 40% of projected revenue

  he Akwa Ibom State Government said it lost 40 per cent of its projected revenue in the 2013 fiscal year due to a shortfall in the income to the state. The Commissioner for Finance, Mr. Bassey Akpan,...

  • Posted January 6, 2014
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  December auto sales missed estimates

  The biggest automakers in the United States market reported December US sales that fell short of analysts’ estimates, as cold weather may have kept buyers from dealer lots at the end of the industry’s best year since...

  • Posted January 6, 2014
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  Economy needs insurance to survive — Ladipo-Ajayi

  The Group Managing Director, LASACO Assurance Plc, Mr. Olusola Ladipo-Ajayi, speaks on why the government needs to support the growth of the insurance industry, in this interview with NIKE POPOOLA What has been the response of the insurance customers...

  • Posted January 6, 2014
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  FG earns N4.1tn from taxes

  The Federal Government realised the sum of N4.18tn from tax collection in the first 11 months of 2013, investigations. This was contained in a document submitted to the Federation Accounts Allocation Committee at its December meetings by...

  • Posted January 6, 2014
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  OPEC’s output dips to two-year low

  Organisation of Petroleum Exporting Countries’ (OPEC’s) crude production dropped to the lowest level in more than two years in December, led by a decline in Venezuelan output, a Bloomberg survey has shown. Nigeria’s production however rose 41,000...

  • Posted January 5, 2014
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  Animal Farm: Rearing dogs is multi-million naira business – Elueze

  Jindu Elueze, aka halfman halfdog, is a young man who has found pleasure and passion in rearing dogs. In this interview with Saturday Vanguard Business,he reveals how rearing of dogs makes him fulfilling and also transform into...

  • Posted January 5, 2014
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  Unregistered trucks will no longer lift petroleum products

  The Petroleum Equalisation Fund (PEF) on Friday said that unregistered trucks would no longer be allowed to lift petroleum products at depots. This is contained in a statement issued by Mr Goddy Nnadi, the General Manager, Corporate...

  • Posted January 5, 2014
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  FG drives local, foreign investments in oil sector

  The Federal Government has indicated its willingness to drive indigenous and foreign investments into the country’s oil and gas sector following frameworks set up in 2013. This, according to government sources, is targeted at ensuring that investment...

  • Posted January 5, 2014
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  Commercial motorists in Lagos seek extension of registration dateline

  Commercial motorists in Lagos on Saturday appealed to the Lagos State Government to extend the Dec. 31, 2013-deadline fixed for the new registration of commercial vehicle operations. The News Agency of Nigeria reports that Lagos State Ministry...

  • Posted January 5, 2014
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