All posts by Ifreke Inyang

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  Dansa to establish £36m energy food plant

  The  Dansa Group, a subsidiary of Dangote Group of the Companies, on Monday  said it  had concluded plans to invest £36m in the establishment of Africa’s largest  energy food plant in Nigeria. The Minister of Agriculture, Dr....

  • Posted September 25, 2013
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  Theft: Oil production drops by 150,000 barrels

  Oil production in the country has dropped by 150,000 barrels of oil per day following the shut down of the Trans Niger Pipeline by Shell Petroleum Development Company. The Corporate Media Relations Manager, SPDC, Mr. Precious Okolobo,...

  • Posted September 25, 2013
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  AGF yet to receive PHCN workers severance payment

  The Office of the Accountant General of the Federation has yet to receive the severance package of workers of the Power Holding Company of Nigeria, investigations have revealed. The National Council on Privatisation chaired by Vice-President Namadi...

  • Posted September 25, 2013
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  Fuel subsidy: FG to spend N971bn in 2013

  The Federal Government has said it will spend a total of N971bn to subsidise petroleum product consumption this year. The amount is, however, N21bn higher than what was expended on fuel subsidy last year. The government announced...

  • Posted September 25, 2013
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  Shell declares force majeure on Bonny Light exports, NLNG gas supply

  Shell Petroleum Development Company (SPDC), on Monday evening, said that it could not meet it contractual agreement with the importers of its Bonny Light Crude grade from Nigeria and the gas supply to the Nigeria Liquified Natural Gas...

  • Posted September 25, 2013
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  FG reduces debts owed marketers on oil subsidy to N971bn – Minister

  The Federal Government said on Monday that it reduced debts owed marketers on oil subsidy from N2.2 trillion in 2011 to N971 billion in 2012. The information is contained in a statement issued from the office of...

  • Posted September 24, 2013
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  Oil palm supply: RSPO builds capacity among stakeholders

  THE Roundtable on Sustainable Palm Oil (RSPO), Africa Roadshow in Nigeria, a two-day event,was an awareness raising and capacity building programme which was implemented by an alliance of partners, viz: Solidaridad West Africa and Proforest Initiative (UK)...

  • Posted September 24, 2013
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  Airline debt: Traffic controllers threaten to withdraw services

  The Nigerian Air Traffic Controllers’ Association has condemned the domestic airlines that fail to remit their outstanding Ticket and Cargo Sales Charges to aviation agencies. The NATCA, in a statement on Sunday, called on the Federal Government...

  • Posted September 24, 2013
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  Chinese, Indonesian delegates for Lagos trade fair

  Foreign exhibitors from China and Indonesia are among the organisations that have shown interest to participate in the 2013 edition of Eko Expo Trade Fair. A statement by the organisers on Sunday, which stated this, added that...

  • Posted September 24, 2013
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  Nigeria’s trade with Ireland rises to N72.8bn

  The Irish Ambassador to Nigeria, Mr. Patrick Fay, has said the value of trade between Ireland and Nigeria has risen to €350m (about N72.8bn). Of the amount, he said Ireland’s exports to Nigeria accounted for €50m, while...

  • Posted September 24, 2013
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