All posts by Ifreke Inyang

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  FCT Administration targets N500bn PPP investments

  The Federal Capital Territory Administration has said it is accessing about N500bn investments for  infrastructure development and has also put machinery in motion to access more in the years ahead. The Minister of the Federal Capital territory,...

  • Posted September 3, 2013
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  Conoil whets shareholders appetite with 255% half year profit

  By declaring a 255 per cent increase in profits in the first half of the year, Conoil Plc has further raised investors’ appetite in its stocks, reports Festus Akanbi That the times are indeed bad, in the...

  • Posted September 2, 2013
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  Nigeria loses $800m to medical tourism yearly

  The Nigerian Medical Association (NMA) said on Sunday that Nigeria was losing some $800 million (about N125 billion) annually to medical tourism. The National President of the NMA, Dr Osahon Enabulele, made the announcement in Sokoto at...

  • Posted September 2, 2013
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  FG reiterates commitment to reducing cost, time of doing business

  The Minister of Trade and Investment, Mr Olusegun Aganga, has reiterated the Federal Government’s commitment to reduce cost and time of doing business in the country. Aganga said this at the opening ceremony of the Lagos-Kano-Jibiya (LAKAJI) Agricultural...

  • Posted September 2, 2013
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  Domestic airlines to increase air fares

  Rattled by sundry government’s charges and soaring aviation fuel price, domestic airlines are planning to raise their airfares to avert going bankrupt, airlines sources have said. The accounts of virtually all the domestic airlines are currently in...

  • Posted September 2, 2013
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  Diamond Bank commits N150bn to oil, gas financing

  The Corporate Banking Director, Diamond Bank Plc, Mr. Samuel Egube, has said that the bank has put together about $1bn (N150bn) for the funding of oil and gas projects in Nigeria. Egube, in an interview on the...

  • Posted September 2, 2013
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  Presco, PZ Wilmar, Okomu battle to dominate vegetable oil market

  In this report about the intense but latent battle for the control of the vast vegetable  oil market in the country, Crusoe Osagie identifies three dominant players who are key to the nation’s eventual emergence as a...

  • Posted September 2, 2013
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  External reserves drop to $46.87billion as Naira hits one year low

  Nigeria’s external reserves continued its lacklustre performance since this quarter as it fell to $46.871 billion on Wednesday, its lowest value this month. This was just as the naira also weakened to its lowest value against the...

  • Posted September 1, 2013
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  Tin-Can Customs records N20.9bn revenue in August

  The Tin-Can Island Command of Nigeria Customs Service says it realised N20.9 billion revenue in August against the N20.4 billion it collected in July. The Area Comptroller, Jibrin Alkali, on Friday in Lagos, said that the revenue...

  • Posted September 1, 2013
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  Communications commission warns service providers on unsolicited messages

  The Nigerian Communications Commission (NCC) has directed the Value Added Service (VAS) providers to send all unsolicited messages on the networks between 8.00am and 8.00pm. The directive was contained in the ’2013 2nd Quarter Enforcement Activities Report’ posted...

  • Posted September 1, 2013
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