All posts by Ifreke Inyang

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  Forte Oil partners MTN on customer service kiosks

  Forte Oil Plc, a major marketer of refined petroleum products, has announced that it has reached a partnership agreement with telecoms giant, MTN Nigeria, to jointly improve customers’ experience through the provision of Walk In Service Everywhere...

  • Posted October 13, 2013
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  NATCA advocates air safety in Nigeria

  In a bid to ensure safety in Nigeria airspace, the Nigerian Air Traffic Controllers Association (NATCA) has called for improvement in communications and surveillance facilities across the country Air Traffic Control Units (ATCU) to boost and sustain air...

  • Posted October 12, 2013
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  PENGASSAN threatens strike over oil block sale

  The Petroleum and Natural Gas Senior Staff Association of Nigeria has threatened to shut down the oil and gas industry due to the divestment by oil companies in the industry without settling all labour issues. It accused...

  • Posted October 12, 2013
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  Nigeria’s unemployment rate rises to 23.9% — NPC

  The National Population Commission has said that the rate of unemployment in Nigeria rose from 21.1 per cent in 2010 to 23.9 per cent in 2011. The NPC, in the latest report on its website, said the...

  • Posted October 12, 2013
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  IFC to finance Nigeria’s $5bn gas pipeline project

  The Federal Government is in talks with the International Finance Corporation to help to fund a national gas-pipeline network for the supply of power stations and industries. Bloomberg on Thursday quoted the Minister of Petroleum, Mrs. Diezani Alison-Madueke,...

  • Posted October 12, 2013
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  US debt crisis may affect Nigeria – Okonjo-Iweala

  The current budget row and the possibility of debt default by the United States portend serious danger for Nigeria as the country’s cost of borrowing from the international financial market will likely rise significantly, the Finance Minister,...

  • Posted October 12, 2013
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  7-Up spends N2.2bn on debt servicing

  7-Up Bottling Company will spend as much as N681 million in 2013 in pursuing outstanding court cases, even as it spent N2.26 billion in servicing different banks’ loans in the year ended 31st March, 2013. This is...

  • Posted October 12, 2013
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  Manufacturing exporters receive NEXIM’s N12bn in funding

  Nigerian Export–Import Bank (NEXIM)has stated that it has provided N12 billion in lending to Nigerian export manufacturers, many of who carry the “Proudly Nigerian” label on their products in the West African sub-regional market and globally naira...

  • Posted October 12, 2013
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  Naira depreciates as dollar liquidity thins out

  The naira depreciated against the United States dollar at the interbank market Wednesday as importers started to lock-in their hard currency needs at favourable rates. The nation’s currency closed at N160.26 to a dollar yesterday, compared to...

  • Posted October 11, 2013
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  High demand for Nigerian charcoal in EU countries

  Bende Export-Import Limited, a subsidiary of Slok Group, says Nigerian charcoal is in high demand among EU countries because they are of good quality, easy to light and can burn for a long time. Benjamin Kalu, MD/CEO,...

  • Posted October 11, 2013
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