All posts by Ifreke Inyang

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  Discos can’t increase tariff to repay N213bn – NERC

  Power distribution companies will not be allowed to increase electricity tariff as they work to repay the Central Bank of Nigeria’s N213bn facility earmarked for operators in the power sector. This was disclosed by the Nigerian Electricity...

  • Posted October 9, 2014
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  Lower oil prices put pressure on Nigerian economy

  With insurgency in parts of the North still taking a toll on agriculture and other economic activities in the region, the fall in the global oil prices, which began in June, is posing further threat to the...

  • Posted October 9, 2014
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  Abuja International Trade Fair rakes in N1.5bn

  The President, Abuja Chamber of Commerce, Industry, Mines and Agriculture (ABUCCIMA), Mr. Solomon Nyagba, has said the just-concluded Abuja International Trade Fair raked in revenue in excess of N1.5 billion. Nyagba made this known to journalists yesterday...

  • Posted October 8, 2014
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  Power: NERC issues disbursement terms for N213bn CBN Fund

  The Nigerian Electricity Regulatory Commission (NERC) has set fresh terms and conditions to be adhered to by operators in Nigeria’s electricity market that are eligible to benefit from the lately announced N213 billion loans from the Central...

  • Posted October 8, 2014
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  MTN customers to enjoy bonus airtime

  MTN Nigeria on Monday said it was offering more value to its teeming subscribers who use the MTN Virtual Top Up service. The telecoms company said it was giving up to 100 per cent bonus on ‘True...

  • Posted October 8, 2014
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  Jonathan unveils N33bn port facilities at Onne Port

  The multi-billion naira facilities constructed by Integrated Logistics Services Nigeria Limited (INTELS) have been unveiled  by President Goodluck Jonathan. The facilities, which comprise three 15-metre depth berths, 800 hectares reclaimed quay area and road networks were among...

  • Posted October 8, 2014
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  Shell’s Forcados Terminal achieves 14-year safety milestone

  The Forcados Terminal in the western Niger Delta operated without a significant safety incident between September 2000 and September 2014, during which some 1.25 billion barrels of oil passed through the facility that is operated by the...

  • Posted October 8, 2014
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  Union Bank canvasses collaboration on e-fraud control

  The Group Managing Director of Union Bank Plc, Mr. Emeka Emuwa, has said stakeholders in the banking sector must work together to end electronic fraud. Emuwa challenged internal auditors in the industry to tackle the emerging trends...

  • Posted October 8, 2014
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  RCCG, OneCard introduce multiple network recharge cards

  The Redeemed Christian Church of God has collaborated with OneCard to introduce multiple service recharge cards to offer worshipers access to top-up solution at any of the church’s over 332,000 parishes nationwide. The cards can be loaded...

  • Posted October 8, 2014
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  Missing $10.8bn audit report ready November — Okonjo-Iweala

  The audit report on the alleged $10.8bn missing from the coffers of the Nigerian National Petroleum Corporation will be ready in November, the Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said. The minister spoke at the Financial...

  • Posted October 8, 2014
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