All posts by Ifreke Inyang

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  Okonjo-Iweala decries N232bn fraudulent subsidy claims

  The Minister of Finance, Dr. Ngozi Okonjo-Iweala, has decried the N232bn ($1.5bn) overpayments made to “fraudulent” oil marketers. Okonjo-Iweala, who is also the Coordinating Minister for the Economy, made the plan known at the meeting of the...

  • Posted August 17, 2013
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  CAC repositions, plans offices in three countries

  The newly inaugurated board of the Corporate Affairs Commission has unveiled plans to reposition the operations of the organisation. The Chairman of the board, Mr. Funsho Lawal, said this in Abuja on Thursday while addressing journalists shortly...

  • Posted August 17, 2013
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  MTN Group records 200 million subscriber base

  The MTN Group has achieved its 200 millionth subscriber milestone. The firm said in a statement on Wednesday that the 200 million subscriber mark came a year before its celebration of 20 years of connecting people and...

  • Posted August 17, 2013
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  CBN launches N220bn SMEs fund

  There appears to be a new latitude for entrepreneurs in the country as the Central Bank of Nigeria, CBN, yesterday, launched a N220 billion Micro, Small and Medium Enterprises, MSMEs, fund to provide the much needed capital...

  • Posted August 17, 2013
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  FG orders tanker drivers to vacate MMIA within 48hours

  The Federal Government Friday gave a forty-eight hours ultimatum to  Petroleum Tanker Drivers (PTD) along the Murtala Muhammed International Airport (MMIA), access road to relocate their vehicles from the airport environment or face being sanctioned. Disclosing this...

  • Posted August 17, 2013
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  NCMDLCA raises alarm over threat to peace at ports

  THE National Council of Managing Director of Licensed Customs Agents (NCMDLCA) has raised alarm over moves by the dissolved board of the Council for the Regulation of Freight Forwarders in Nigeria (CRFFN) to collect dues despite the...

  • Posted August 16, 2013
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  Mortgage recapitalisation must enable single digit interest – Expert

  Two property management consultants, Andem Bassey and Segun Olutade, have made recommendations on how to ensure the success of the proposed mortgage sector reform in Nigeria. While Bassey enjoined the Central Bank of Nigeria (CBN) to ensure...

  • Posted August 16, 2013
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  FG knows those behind oil theft — LCCI

  The Lagos Chamber of Commerce and Industry has said the Federal Government and security agencies in the country know the people behind oil theft, which is undoubtedly one of Nigeria’s greatest economic challenges today. LCCI Vice President,...

  • Posted August 16, 2013
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  Heritage Bank to develop funding model for entertainment industry

  Heritage Bank has pledged to work with stakeholders in the entertainment industry to develop a funding model for the industry. Managing Director/Chief Executive, Mr. Ifie Sekibo gave this assurance while responding to enquiries about the bank’s plan...

  • Posted August 16, 2013
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  Analysts predict 8.7% inflation

  Analysts at the Financial Derivatives Company (FDC) Limited predicted inflation rate of 8.7 per cent for July. “Our forecast for Nigeria’s headline inflation in July indicated a 0.37 per cent increase to 8.77 per cent (±0.22%) from June’s...

  • Posted August 16, 2013
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