All posts by Ifreke Inyang

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  Alstom partners Nigeria in infrastructural development

  Alstom, an international company that deals in rail transportation, power and grid has reaffirmed its resolve to be an active and concrete strategic partner for infrastructure development in Nigeria. This was stated by the Chairman/Chief Executive Officer...

  • Posted October 20, 2013
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  Oando secures $815m credit for Conoco Phillips’ asset acquisition

  Oando Plc has received commitment letters for up $815 million of credit facilities from local and foreign banks to pay for the acquisition of ConocoPhillips’ (COP) Nigerian asset portfolio. The purchase price for the assets is about...

  • Posted October 20, 2013
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  Access Bank assures customers of innovative services

  Group Deputy Managing Director of Access Bank Plc, Herbert Wigwe, on Thursday, at an interactive session in Enugu, reassured customers that the bank would continue its provision of superlative financial service across the country. Wigwe told the gathering...

  • Posted October 20, 2013
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  African Development Bank spends N384 billion on Nigeria’s water development

  The African Development Bank (AfDB) has said that it has spent about $2.4 billion (N384 billion) in Nigeria on water development. Andy Mensah, an official of the bank, disclosed this in Lagos at a dialogue to mark...

  • Posted October 20, 2013
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  Bank lending rates top 21.26% in August 2013 – CBN

  The Central bank of Nigeria, on Friday, released its economic report for the month of August. The report indicated that key monetary aggregate decelerated at the end of August 2013. Also, on a month-on-month basis, broad money (M2)...

  • Posted October 20, 2013
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  Fashola tasks Customs on unauthorised importation of firecrackers

  Lagos State Governor, Mr. Babatunde Fashola, has tasked the Nigeria Customs Service (NCS) and the Nigeria Police to enforce existing laws to prevent unauthorised importation and storage of firecrackers. He also swore in Mrs. Oluseyi Josephine Williams...

  • Posted October 20, 2013
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  Microsoft Ventures supports entrepreneurship in Africa

  As part of its 4Africa initiative, Microsoft Corp on Monday announced the expansion of the Microsoft Ventures partnership program into Africa starting in Kenya. The expansion into Africa was conducted as part of the recently launched Microsoft...

  • Posted October 19, 2013
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  Shell lifts force majeure on Nigerian oil exports

  Anglo-Dutch oil giant Shell on Friday lifted a force majeure on crude oil exports from Nigeria after repairing a supply pipeline that has been repeatedly sabotaged in the country’s oil region. Shell’s subsidiary in Nigeria (SPDC) said...

  • Posted October 19, 2013
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  Mobile Internet subscription grows by 22 million

  Internet subscription through the Global System for Mobile Communication networks leapt by 22.07 million to reach 50.41 million between August 2012 and July 2013, the Nigerian Communications Commission has said. Statistics published by the regulatory agency on...

  • Posted October 19, 2013
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  Reps endorse tariff increase on imported cars

  The House of Representatives Committee on Industry has endorsed the new automotive policy of the Federal Government, which seeks to increase the tariff on imported cars. This is coming as the Minister of Industry, Trade and Investment,...

  • Posted October 19, 2013
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