All posts by Ifreke Inyang

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  Samsung hits Nigeria market with Galaxy Mega

  Through relentless innovation and discovery, digital media and digital convergence technologies makers, Samsung Electronics West Africa,  has introduced the world’s largest smartphone, Samsung Galaxy Mega, to the Nigerian market. Delivering a mobile experience that is larger than...

  • Posted July 25, 2013
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  Honeywell offers N1.3b dividend, plans food complex

  Honeywell Flour Mills, on Tuesday presented its audited full result for the year ended March 31, 2013, following which its board recommended a dividend of 16 kobo per unit. The proposed dividend, amounting to N1.3 billion is...

  • Posted July 25, 2013
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  130m Nigerians generate own electricity – NOI Polls

  About 81 per cent or 130 million Nigerians, out of the about 160 million Nigerians, generated their own electricity through alternative sources to compensate for irregular power supply, according to the result of a series of Power...

  • Posted July 25, 2013
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  Dana Air slashes fares to N7,200

  Dana Air has reduced its fares to N7200 on all its destinations across Nigeria, the airline said in a statement on Monday. The airline said only passengers who book and pay online will benefit from the six...

  • Posted July 24, 2013
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  Budget amendment scales second reading at Senate

  The controversy surrounding the amendment of the 2013 budget might have been laid to rest as the Senate read the bill for that purpose for the second time on Tuesday, acceding to the proposals of the executive....

  • Posted July 24, 2013
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  CBN directs banks to keep 50% of public sector deposit as cash

  The Monetary Policy Committee,MPC, of the Central Bank of Nigeria,CBN, on Tuesday, voted unanimously to raise the Cash Reserve Ratio,CRR, for government deposits from 12 to 50 percent. The CRR which is the percentage of deposits banks...

  • Posted July 24, 2013
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  Nigeria loses 11.75m barrels of crude in 4 years

  Nigeria lost about 11.75 million barrels of oil from 2010 to 2012, due to crude oil theft, the Group Executive Director, Refining and Petrochemicals, Nigerian National Petroleum Company, NNPC, Mr. Anthony Ogbuigwe, said. Ogbuigwe disclosed this at...

  • Posted July 24, 2013
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  Indigenous firms partner Eko DISCO on metres

  To ensure that electricity consumers are adequately metered in the country, two indigenous firms, MOMAS System Nigeria Ltd, and MOJEC International, have thrown their weight behind the Credited Advance Payment Implementation, CAPMI Scheme, in collaboration with the...

  • Posted July 24, 2013
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  Chevron trains Nigerian graduates on deepwater technology

  Chevron Nigeria Limited, CNL, said it is sponsoring qualified young graduates to a training course on Remotely Operated Vehicle, ROV, overseas, as part of its efforts to assist Nigerians acquire necessary manpower in the deep water sector...

  • Posted July 24, 2013
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  NLNG loses $525m in face-off with NIMASA

  The Nigeria LNG Limited, NLNG, the nation’s foremost liquefied natural gas, producer, may have lost about $525 million as a result of the ongoing dispute with the Nigerian Maritime Administration and Safety Agency, NIMASA, over levy. Vanguard...

  • Posted July 23, 2013
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