All posts by Ifreke Inyang

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  Panic as thunder sets NNPC depot on fire

  Fire on Wednesday engulfed the Nigeria National Petroleum Corporation deport in the Pogo area of Minna and consumed one of the storage tanks before it was brought under control Although the cause of the fire was not...

  • Posted October 31, 2013
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  World Bank ranks Nigeria 122nd best place to start business

  The World Bank has ranked Nigeria 147th among the best places for doing business. It also ranked the country as the 122nd for best countries to start a business. The report released, yesterday, said Nigeria’s low ranking...

  • Posted October 31, 2013
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  MSMEs contribute 47% to Nigeria’s GDP – SMEDAN

  THE Director General of Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, Bature Masari, has said that Micro, Small and Medium Enterprises MSMEs contributes 46.54 percent to Nigeria’s Gross Domestic Product, GDP. Masari made this disclosure...

  • Posted October 31, 2013
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  Auditor-general queries Reps committee over N31m NERC donation

  There were revelations on Tuesday that the House of Representatives Committee on Power collected N31m from the Nigerian Electricity Regulatory Commission to organise a training workshop for members but did not account for the money. The Committee...

  • Posted October 31, 2013
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  Senate to set timetable for PIB passage

  The Senate has reiterated its commitment to the Petroleum Industry Bill, which has been caught up in the web of ethnic and socio-political controversies in the past eight years. The President of the Senate, David Mark, while...

  • Posted October 31, 2013
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  Crude oil production erratic since February – NNPC

  Crude oil production in the country has been inconsistent since February this year, the Nigerian National Petroleum Corporation has said. According to the corporation, the country’s production has been fluctuating between 2.2 million barrels per day and...

  • Posted October 31, 2013
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  Nigeria-Russia trade volume hits $250m — Envoy

  The volume of trade between Nigeria and Russia currently stands at $250m, the Russian Ambassador to Nigeria, Mr. Nikolay Udovichenko, has said. He said this on Monday in Abuja at the Nigeria-Russia Business Forum tagged, ‘Nigeria-Russia cooperation:...

  • Posted October 31, 2013
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  Oil revenue drops by N189bn

  Revenue accruable to the Federal Government from crude oil exports dipped by N188.5 billion to N457.2 billion in August 2013, compared to N645.7 billion recorded in July. According to data obtained from the Central Bank of Nigeria,...

  • Posted October 30, 2013
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  Experts task FG on gas supply for power

  The Federal Government has been advised to ensure adequate gas supply to all the power plants to achieve stable power supply across the country. Energy experts, who spoke exclusively to Vanguard, said that inadequate gas supply posed...

  • Posted October 30, 2013
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  Dangote rated among 10 most valuable African brands

  As a measure of its growing influence on the continent, the Dangote Group has emerged among Africa’s top 10 most valuable brands in a survey carried out by the African Business Magazine, a pan-African business publication. In the survey...

  • Posted October 30, 2013
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