All posts by Ifreke Inyang

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  Investment in telecoms now $25bn – Jonathan

  Investment in the Nigerian telecommunications in the past 12 years is now worth $25bn, President Goodluck Jonathan has said. Jonathan said this at the Nigerian Investment Forum organised at the Royal Pavilion, Impact Exhibition and Convention Centre,...

  • Posted November 22, 2013
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  Nigerian railway moves 1million litres of fuel daily

  The Federal Government has said over one million litres of fuel is being transported daily through the rejuvenated railway system in the country. The government also said that over 30,000 rail passengers were transported in two months...

  • Posted November 22, 2013
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  Charter flight operators suspend services indefinitely over $3,000 fee

  Over 20 charter flight operators in the country have suspended their services indefinitely. The suspension was as a result of the $3,000 fee imposed by the Nigerian Airspace Management Agency on airlines involved in non-scheduled operations, it...

  • Posted November 22, 2013
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  Foreign investors’ holding in FGN bonds hit $5.1bn

  Foreign investors’ holding in the Federal Government Bonds has continued to grow, hitting $5.112billion as at the end of 2012 following the transformation of the market by the Debt Management Office (DMO). Prior to the establishment of...

  • Posted November 21, 2013
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  Sanusi decries lack of fiscal savings amid strong oil prices

  The Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, yesterday expressed disappointment over the low rate of reserve accretion in spite of strong oil prices. He blamed the development on the absence of...

  • Posted November 21, 2013
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  FG urges Nigerians to patronise locally-made goods

  The 3rd Practical Nigerian Content Forum of the Nigerian Content Development and Monitoring Board commenced on Tuesday in Yenagoa, Bayelsa State, with the Federal Government emphasising the need for Nigerians to patronise locally-made goods. The Minister of...

  • Posted November 21, 2013
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  Nigeria needs N464tn for infrastructure – Surveyors

  The Nigerian Institute of Quantity Surveyors has said that about $2.9tn (N464tn) will be needed to address the huge infrastructural deficit in the country. The institute’s President, Mr. Agele Alufohai, stated this on Tuesday in Abuja while...

  • Posted November 21, 2013
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  Jonathan to meet international investors in London

  President Goodluck Jonathan is expected to leave Abuja in the early hours of Wednesday (today) for London, where he is scheduled to preside over a three-day meeting of Nigeria’s Honourary International Investors’ Council. He is expected back...

  • Posted November 21, 2013
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  Nigerian emerges ICAO president

  A Nigerian, Dr. Olumuyiwa Aliu, has emerged the President of the International Civil Aviation Organisation. Aliu, who was elected at the 38th Assembly of the global body on Monday, is the first African to head the organisation....

  • Posted November 21, 2013
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  Jaiz Bank appoints new MD

  Jaiz Bank Plc has announced the appointed of Muhammad Nurul Islam from the Islami Bank Bangladesh Limited as its new managing director/chief executive to steer its affairs and better position the bank to realise its vision of...

  • Posted November 20, 2013
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