All posts by Ifreke Inyang

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  Declining profits force banks to cut jobs

  Declining profits which characterised the nine-month results of a number of banks may have ignited a wave of job cuts in the banking sector, findings by our correspondent have revealed. Some banks have sacked workers, about six...

  • Posted December 10, 2013
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  Nigeria lauded for first global trade deal

  World leaders have lauded Nigeria for helping to facilitate the first ever global trade reform agreement, which has the potential to add $1tn to the global economy. The world’s trade ministers agreed that the ‘helpful’ leadership of...

  • Posted December 10, 2013
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  Gambit to frustrate PIB worry stakeholders

  When the idea of the Petroleum Industry Bill (PIB) was mooted in 2000, it was on the conviction that Nigeria’s oil and gas sector needed a major reform to transform the economy into one of the world’s...

  • Posted December 9, 2013
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  Ajimobi assures on SMEs development in Oyo

  Governor Abiola Ajimobi of Oyo State last Thursday said that his administration would continue to mobilise, motivate, energise, galvanise and empower micro, small and medium entrepreneurs in order to ensure the survival and sustenance of the state’s...

  • Posted December 9, 2013
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  Etisalat partners EDC on global entrepreneurship week

  Etisalat Nigeria in partnership with the Enterprise Development Centre (EDC) of the Pan Atlantic University, recently held the 2013 edition of the Global Entrepreneurship Week (GEW), targeted at youths and young entrepreneurs in the country, to help...

  • Posted December 9, 2013
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  NCC to sanction telcos for poor services

  The Nigerian Communications Commission has said that it will impose sanctions on mobile operators that continue to deliver poor quality of service to its subscribers. The regulatory agency, which expressed disappointment at the failure of mobile operators...

  • Posted December 9, 2013
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  2014: FG targets N1.83tn from taxes

  The Federal Government has projected to earn N1.83tn from tax collections in the 2014 fiscal year. The figure was contained in the Medium Term Expenditure Framework and Fiscal Strategy Paper of the Federal Government covering the 2014-2016...

  • Posted December 9, 2013
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  ConocoPhillips to spend $16.7bn in 2014

  United States giant CococoPhillips plans to hike capital spending by six per cent to $16.7bn in 2014 as it increases development in prolific US shale plays and prepares for the start-up of the Australia Pacific and Surmont...

  • Posted December 9, 2013
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  December 31 masts demolition deadline: Lagos, telcos strike deal

  The stand-off between the Lagos State government and telecoms operators over removal of masts and multiple taxes may have ended following a mediatory effort of the federal government. Lagos had earlier given the operators up to December...

  • Posted December 8, 2013
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  Royal Exchange grosses N7.61bn in premium income

  Royal Exchange Plc generated a gross written premium of N7.61 billion in 2012 financial year as against  N6.82 billion it recorded in 2012 representing an increase of 11.58 percent. The chairman of Royal Exchange Plc, Mr. Keneth...

  • Posted December 8, 2013
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