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All posts by Ifreke Inyang

  • Why IRS, Chanchangi airlines grounded operations

    There are indications that Chanchangi and IRS airlines may have voluntarily grounded their operations without waiting for the Nigerian Civil Aviation Authority (NCAA) to do so. Daily Independent gathered that both airlines were grounded for the same reasons; owed...

    • Posted November 2, 2013
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  • Shell’s profits hit by crude theft in Nigeria

    Royal Dutch Shell, on Thursday said the frequent crude output stoppages in Nigeria took its tolls on the company’s 2013 third quarter profits and performance, which undershot analysts’ forecasts. The company faces incessant production shut-in in Nigeria, weak...

    • Posted November 2, 2013
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  • FG to review Lagos trade fair complex concession

    The Federal Government has said it has concluded plans to review the concession of the Lagos International Trade Fair Complex. President Goodluck Jonathan said this in Lagos on Friday at the opening ceremony of the Lagos International...

    • Posted November 2, 2013
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  • Oando, MFBs to drive cooking gas consumption

    A  petroleum product retailer, Oando Marketing Plc, has signed a Memorandum of Understanding with the National Association of Microfinance Banks to encourage the mass consumption of Liquefied Petroleum Gas in the country. The most significant aspect of...

    • Posted November 2, 2013
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  • DPR threatens owners of illegal petrol stations

    The Department of Petroleum Resources has threatened to sanction marketers that indulge in the construction of petrol stations without an approval. The Zonal Operation Controller for the Kaduna Zone, Alhaji Mustapha Jahun, said the agency would no...

    • Posted November 2, 2013
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  • NDIC repositions for effective bank distress resolution

    The Nigeria Deposit Insurance Corporation has repositioned its operation to enable it develop competence to check bank distress before they worsen. To achieve this, the corporation on Thursday unveiled its new brand identity, which is premised on...

    • Posted November 2, 2013
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  • IMF cautions FG against reversal in capital flow, price shock

    The International Monetry Fund, IMF, yesterday, urged the Federal Government to commence timely policy actions to avoid risk of oil price shock and the reduction in foreign capital inflow currently raring their ugly ‘heads’ in the country...

    • Posted November 1, 2013
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  • ASI gains by 0.38% on Friday

    Transactions on the last trading day of the week ended on a positive note with the All Share Index, ASI, gaining 143.08 points or 0.38 percent to close at 37,765.82 basis points higher than Thursday’s closing figure...

    • Posted November 1, 2013
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  • Atuche’s trial: Court admits board resolutions of three companies as exhibits

    An Ikeja High Court on Friday admitted the board resolutions of three companies as exhibits in the trial of a former Managing Director of Bank PHB, Francis Atuche. Justice Lateefat Okunnu had on Oct. 25, given the...

    • Posted November 1, 2013
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  • NCS prepared to take over Destination Inspection – Spokesman

    The Nigeria Customs Service (NCS), Tin-Can Island Command, on Friday said that it was now prepared and equipped to take over from service providers handling the Destination Inspection services at the ports. The Public Relations Officer of...

    • Posted November 1, 2013
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