All posts by Ifreke Inyang

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  Nigeria’s external debt service cost crashes by 16.67%

  The Debt Management Office (DMO) has reported a 16.67 per cent drop in the amount committed annually to servicing the nation’s external debt from $351.62 million in 2011 to $293 million in 2012. According to the DMO’s 2013...

  • Posted October 8, 2013
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  Agro-processing exporters get N6.6b NEXIM lifeline

  Nigerian Export–Import Bank (NEXIM) says it has funded Agro-processing export businesses to the tune of 6.6 billion naira in the period August 2009 to April 2013, Similarly, the bank says it has provided N12 billion in lending to...

  • Posted October 8, 2013
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  Mono product economies will remain vulnerable – World Bank

  The World Bank on Monday said that mono product economies, especially those dependent on oil, would remained vulnerable due to volatility of oil prices. Punam Chuhan–Pole, World Bank Lead Economist, made the observation while briefing African newsmen on African...

  • Posted October 8, 2013
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  NCC to issue licences for fixed broadband services

  The Nigerian Communications Commission is in the process of splitting the country into territories for the purpose of issuing licences to operators who will provide fixed broadband coverage to subscribers. The Executive Vice Chairman, NCC, Dr. Eugene...

  • Posted October 8, 2013
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  FG moves to improve Nigeria’s global competitiveness ranking

  The Federal Government has taken a major step to improve the country’s global competitiveness ranking with the appointment of Mr. Chika Mordi, as the new Chief Executive Officer, National Competitiveness Council of Nigeria. The council, which is...

  • Posted October 8, 2013
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  Electricity consumers should not expect improvements soon — NERC

  Electricity consumers in the country should not expect a rapid improvement in power supply any time soon despite the privatisation of the sector, the Nigerian Electricity Regulatory Commission has said. The commission made it clear that the...

  • Posted October 8, 2013
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  Effective credit system critical for telecoms growth – Airtel CEO

  The Chief Executive Officer (CEO) and Managing Director of Airtel Nigeria, Mr. Segun Ogunsanya has identified effective credit management system as a critical factor for the growth of stakeholders in the telecommunications industry. The CEO/MD,  Segun Ogunsanya,...

  • Posted October 8, 2013
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  Experts decry Nigeria’s poor performance in non-oil export

  International trade experts have lamented the country’s poor performance in the non-oil export segment of international trade, describing the scenario as deserving of emergency response from the government. The experts who are members of an export round...

  • Posted October 7, 2013
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  CBN says sanction of erring BDCs won’t hurt Forex Market

  As investigators from the Central Bank of Nigeria (CBN) wrap off the probe of activities of the 20 bureau de change operators recently indicted by the apex bank Governor Sanusi Lamido Sanusi for alleged money laundering activities,...

  • Posted October 7, 2013
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  Osun injects N200m into economy monthly through OYES – Aregbesola

  Osun State Governor, Rauf Aregbesola, was at the formal launching of the Federal Government’s Youth Employment and Social Support Operation (YESSO) in Abuja recently. In this interview with journalists shortly after the event, he said the implementation...

  • Posted October 7, 2013
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