All posts by Ifreke Inyang

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  Nigeria food imports reducing ­— FG

  The quantity of food imported into Nigeria has continued to drop on a yearly basis, the Federal Government has said. It said efforts by indigenous farmers were yielding meaningful results as most foods consumed in the country...

  • Posted November 14, 2013
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  N3.2trn entered Nigeria as Foreign Direct Investment since 2010 – Okonjo-Iweala

  The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Monday, revealed that over $20bn (N3.2tn) Foreign Direct Investment entered the Nigerian economy in the last three years. Okonjo-Iweala, who was addressing journalists...

  • Posted November 13, 2013
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• First Bank acquires ICB’s assets in West Africa

  First Bank of Nigeria Holding (FBN) said its subsidiary, First Bank of Nigeria Limited (First Bank), has completed a deal to acquire a 100 per cent of the West African operations of Switzerland’s International Commercial Bank Financial...

  • Posted November 13, 2013
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  FG targets N32bn from private jet owners

  The Federal Government will rake in about N32bn annually as luxury tax from owners and operators of private jets in Nigeria. This is if the attempts by the government through the Nigerian Civil Aviation Authority to impose...

  • Posted November 13, 2013
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  $50m JICA loan will be judiciously spent – Tambuwal

  The Speaker of the House of Representatives, Mr. Aminu Tambuwal, on Monday said that Nigeria would not misuse the $50m loan the Japan International Cooperation Agency had offered the country to fight polio. Tambuwal spoke in Abuja...

  • Posted November 13, 2013
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  Nigeria’s debt rises to N8.32tn

  The nation’s total debt now stands at N8.32tn ($53.42bn), the Debt Management Office has said. The latest statistics released by the DMO on its website on Monday showed that as of September 30, 2013, the total debt...

  • Posted November 13, 2013
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  Smuggling responsible for influx of substandard products – SON

  The Standards Organisation of Nigeria has said that the attitude of most Nigerians towards imported goods has continued to fuel the influx of substandard products into the country. The organisation’s head in Akure, the Ondo State capital,...

  • Posted November 13, 2013
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  Naira slides against the dollar

  The naira, on Monday, weakened against the US dollar, losing N0.44 kobo at the interbank market. The naira closed at N159.04/$ on Monday, compared to N158.60/$ on Friday last week, data from the Financial Markets Dealers Quotations (FMDQ) have revealed....

  • Posted November 12, 2013
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  Downstream players urged to expand capacity

  Downstream players in Nigeria’s petroleum industry have been challenged to expand capacity through the construction of refineries to become net producers of petroleum products in the country. By so doing, they will become competitive at the international...

  • Posted November 12, 2013
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  Sanusi lists financing conditions for PPP projects

  The Governor, Central Bank of Nigeria, CBN, Mallam Sanusi Lamido Sanusi has listed adequate institutional framework, transparent legislative and regulatory frameworks as preconditions for successful Public Private Partnership, PPP projects. He stated this while delivering a key...

  • Posted November 12, 2013
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