All posts by Ifreke Inyang

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  BoI, NAFDAC to assist SMEs prepare goods for export

  Bank of Industry (BoI) has siad that it is partnering with the National Agency for Food and Drug Administration and Control (NAFDAC), on free training of local producers on the specifics of regulatory requirements for exports to...

  • Posted September 7, 2013
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  Vitafoam shareholders endorse N4bn capital raising

  SHAREHOLDERS of Vitafoam Nigeria Plc have given approval to the Board of Directors of the company to raise additional N4 billion capital to enhance its operations. The shareholders on Wednesday at the company’s Extra Ordinary General Meeting,...

  • Posted September 7, 2013
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  Electricity: FG earmarks $3.7b for 20,000mw by 2016

  Vice President, Namadi Sambo, on Thursday said the privatisation of the Bank of Agriculture (BoA) by the National Council on Privatisation (NCP) is to unbundle, and enable it provide cheaper funds for agriculture. Speaking at the closing ceremony...

  • Posted September 7, 2013
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  Vessels, tankers’ e-tracking helps to check wastages, says IPMAN

  The electronic tracking of fuel tankers and oil vessels has saved the Federal Government billions of Naira and conserved hard earned Nigeria Foreign Exchange, the Independent Petroleum Marketers Association of Nigeria (IPMAN), said on Wednesday. National Secretary of...

  • Posted September 6, 2013
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  Why CBN’s monetary policy tightening is necessary – Aig-Imoukhuede

  Group Managing Director of Access Bank Plc, Aigboje Aig-Imoukhuede says the tight monetary policy stance adopted by the Central Bank of Nigeria (CBN) is in the interest of the economy. Addressing a media parley at the bank’s head...

  • Posted September 6, 2013
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  Minister, Aregbesola disagree over FG’s fertiliser policy

  The Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, and the Osun State Governor, Mr. Rauf Aregbesola, on Wednesday disagreed on the success or otherwise of the Federal Government’s fertiliser distribution policy. Adesina and Aregbesola spoke...

  • Posted September 6, 2013
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  Safety violation: NERC to sack power firms’ CEOs

  The Nigerian Electricity Regulatory Commission on Wednesday said it would start firing the chief executive officers of power firms who treat safety issues with levity. The resolve, NERC said, was based on the high rate of deaths...

  • Posted September 6, 2013
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  Nigerian banks provide N280bn for power firms’ acquisition

  Nigerian banks were responsible for raising over 70 per cent (about N280bn) of the balance paid by investors for the 14 successor companies to the Power Holding Company of Nigeria, investigations by our correspondent have revealed. The...

  • Posted September 6, 2013
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  Post-harvest losses: FG, firm to build 800 warehouses

  The Federal Government on Wednesday signed a Memorandum of Understanding with a private firm, African Exchange Holdings, to build 800 warehouses across the country to mitigate post-harvest losses suffered by farmers. It regretted that about 40 per...

  • Posted September 6, 2013
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  Nigeria to assist Kenya to develop oil sector – Envoy

  Nigeria’s High Commissioner to Kenya, Mr Akin Oyateru, said in Nairobi on Thursday that Nigeria would assist Kenya in the management of its oil industry. Oyateru made the plan known in an interview with the News Agency...

  • Posted September 6, 2013
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