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All posts by Ifreke Inyang

  • FG inaugurates boards of five parastatals

    The Federal Government on Thursday inaugurated the board of five parastatals. The parastatals are the Consumer Protection Council; National Automotive Council; Small and Medium Enterprises Development Agency; the Nigeria Investment Promotion Commission; and Nigeria Export Processing Zones...

    • Posted September 28, 2013
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  • FG bars domestic airlines from flying foreign-registered planes

    Effective October 1, 2013, no Nigerian airline, whether domestic or charter, will be allowed to use foreign-registered planes in their fleet, according to a new order from the Federal Government to airlines operators through the Nigerian Civil...

    • Posted September 28, 2013
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  • CBN resumes direct intervention to save naira

    In a bid to save the naira, the Central Bank of Nigeria has resumed direct intervention by selling dollars to end users in the market. Our correspondent gathered on Thursday that the regulator took the decision in...

    • Posted September 28, 2013
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  • Anxiety at ports over Customs irregular tariff regime

    THERE are indications that Customs agents in Lagos ports may down tools tp  protest the irregular Customs tariffs classification on cargoes which operators  said they received  from the Headquarters of the Nigeria Customs Service, (NCS) in Abuja....

    • Posted September 28, 2013
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  • Reps decry budget measurement criteria

    Ahead of the imminent presentation of the 2014 Appropriation Bill to the National Assembly by President Goodluck Jonathan, members of the House of Representatives, on Wednesday, expressed displeasure at what the Ministry of Finance and the budget office...

    • Posted September 27, 2013
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  • SWF: FG invests N32b, $1b excess crude revenue

    The Federal Government has so far invested N32 billion ($200 million) of its fledgling Sovereign Wealth Fund (SWF), representing 20 per cent of the $1 billion (about N160 billion) to guard against commodity price shocks. Nigeria, Africa’s top...

    • Posted September 27, 2013
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  • SON claims receipt of 26% of capital vote

    The Standards Organisation of Nigeria on Wednesday said it had only received 26 per cent of its capital vote for the 2013 fiscal period. The Director-General, SON, Dr. Joseph Odumodu, gave out the figure when he received...

    • Posted September 27, 2013
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  • FEC approves N29.7bn for road, water projects

    The Federal Executive Council on Wednesday approved water and road projects valued at a total of N29.7bn, including a contract for the construction of a dual carriageway linking Abuja to Kaduna State at the cost of N28bn....

    • Posted September 27, 2013
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  • Private jet owners to pay $4,000 luxury tax

    The Federal Government has imposed a luxury tax on private jet owners and operators in the country. As a result, the Nigeria Civil Aviation Authority has directed the owners and operators of private jets to pay the...

    • Posted September 27, 2013
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  • Nigerian travellers pay more for foreign flights; multiple taxes, high operational costs responsible

    The disproportionate airfares being paid by passengers travelling from Nigeria to major destinations in the world and those being paid by travellers from neighbouring countries for flights of similar distances is unsettling aviation stakeholders in the country....

    • Posted September 27, 2013
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