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All posts by Ifreke Inyang

  • Oil theft affecting Nigerian economy – IMF

    Oil theft has been adversely affecting export receipts and government revenues, leading to excessive depletion of the Nigerian excess crude account, the International Monetary Fund (IMF) said in a statement. The statement said that despite the economy’s...

    • Posted December 8, 2013
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  • Ministry signs MoU with Bank of Agriculture, Bank of Industry

    The Federal Ministry of Agriculture and Rural Development has signed a Memorandum of Understanding (MoU) with the Bank of Agriculture and the Bank of Industry to support cassava farmers. The MoU, which was signed in Abuja, would...

    • Posted December 8, 2013
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  • NACCIMA rallies support for Sealink project

    Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), says it fully supports the setting up of a shipping company, known as Sealink project, that would assuage the challenges of moving goods within the West...

    • Posted December 8, 2013
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  • US firm to invest N20.8b in Nigeria’s power sector

    The American Capital Energy & Infrastructure (ACEI) plans to invest up to N20.80 billion ($130 million) into the Nigerian Power sector. The funding is for the 1,000 Mega Watt Azura-Edo Power Project in Edo State, Nigeria, the...

    • Posted December 8, 2013
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  • Anambra, BoA partner in N1.2b grant for farmers

    The Anambra State Government has in collaboration with the Bank of Agriculture (BOA) on Thursday presented a total of N1.2 billion to farmers in the state as revolving loans. Flagging off the scheme in Awka, the state...

    • Posted December 7, 2013
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  • Bank chiefs restate commitment to transforming economy

    Chief executives of Nigerian banks and the industry’s regulators, under the aegis of the Bankers’ Committee say they remain committed to fashioning policies that support the nation’s economic growth and development. They also reiterated a determination to...

    • Posted December 7, 2013
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  • CBN, CBO Capital advocate more investments in venture capital

    The Central Bank of Nigeria,CBN and CBO Capital have called for more investments in private equity and venture capital. They made the call at the just concluded third annual investors’ conference organised by CBO capital in Lagos....

    • Posted December 7, 2013
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  • SEC clamps down on 3 illegal companies, warns fraudsters to stop malpractices

    The Securities and Exchange Commission, SEC, weekend revealed that it has clampdown on three illegal companies operating in the country and warned fraudsters to desist from such illegal practices or face the wrath of law. Director General...

    • Posted December 7, 2013
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  • Customs to impound questionable imports

    THE Nigeria Custom Service has decided to hold importers for any questionable imports as against the arrest of Customs agents. Freight forwarders made in separate interviews with the News Agency of Nigeria (NAN) in Lagos commended the...

    • Posted December 7, 2013
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  • FG to eradicate importation of rice, food items

    There is a strong indication that the Federal Government may soon place total ban on importation of rice, fish and other food items into the country. Giving the hint in Lagos,the Senior Technical Adviser to the Minister...

    • Posted December 7, 2013
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