All posts by Ifreke Inyang

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  SON destroys substandard products worth over N2bn

  The Standards Organisation of Nigeria (SON) has destroyed sub-standard products worth over N2billion. Engineer Bidi Obayo, who supervised the destruction of the goods on behalf of SON’s Director General, Dr. Joseph Odumodu, explained that the devices destroyed...

  • Posted July 13, 2013
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  Privatisation: FG to earn $2.6b from sale of 15 power firms

  By the time the new core investors pay the balance for the 15 privatised Power Holding Company of Nigeria (PHCN) successor companies, the Federal Government’s coffer is expected to swell by $2.6 billion. Ambassador Nuhu Audu Bajoga,...

  • Posted July 13, 2013
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  Operators raise alarm over persistent vessel attacks at Lagos ports

  Managing Director, Greenview Development Nigeria Limited (GDNL), operator of Terminal ‘E’ of the Lagos Port Complex (LPC), Apapa, Abba Isa Bukar has advised government to beef up security at the ports, as attacks on vessels at berth...

  • Posted July 13, 2013
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  External reserves drops by $1.2b in one month

  Latest data by the Central Bank of Nigeria (CBN) shows that the nation’s external reserves pool continued to decline, amidst continued defence of the Naira in the face of declining supply of foreign exchange by autonomous sources,...

  • Posted July 13, 2013
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  2015: Experts predict double digit inflation, weaker Naira ahead

  With the political crisis looming in the Nigerian space, experts say the days leading to the 2015 poll are indeed hazy for the nation’s economy, especially with key indicators on the plunge. A quarterly publication by London-based...

  • Posted July 13, 2013
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  Why Nigeria is strengthening ties with China – Jonathan

  President Goodluck Jonathan has said that Nigeria is currently strengthening its investment and economic ties with China because of the exponential increase in the bilateral trade volume between the two countries over the last few years. Another...

  • Posted July 12, 2013
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  Rivers crisis: PENGASSAN threatens to withdraw services

  The Petroleum and Natural Gas Senior Staff Association of Nigeria on Thursday threatened to withdraw the services of its members because of the violence brought about by the current crisis rocking Rivers State. A statement made available...

  • Posted July 12, 2013
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  Governor Amosun tasks FG on food security

  Governor Ibikunle Amosun, has urged the Federal Government to continue to evolve policies that will ensure food security in the country. Speaking in Abeokuta last week at the 40th meeting of the National Council on Agriculture and...

  • Posted July 12, 2013
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  Shell shuts oil pipeline six days after reopening, production drops by 150,000 barrels

  Six days after it reopened the Trans Niger Pipeline, which was shut down following a fire incident in June, Shell Petroleum Development Company of Nigeria Limited has again shut the pipeline due to a leak. As a...

  • Posted July 12, 2013
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  Reps reject NNPC’s N384.9bn loss statement

  House of Representatives Committee on Finance, Wednesday, rejected N384.9 billion operational loss recorded by the Nigerian National Petroleum Corporation, NNPC, between 2009 and 2011. The committee, which was probing Federal Government’s agencies’ remittances of surplus to the...

  • Posted July 12, 2013
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