All posts by Ifreke Inyang

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  Nigeria risks losing Africa’s biggest oil producer status

  Nigeria is on the verge of losing its prestigious ‘Africa’s biggest oil producer’ as Angola drew level with it in May, with daily oil production at 1.97 million barrels per day. Angola also sold its first gas...

  • Posted July 10, 2013
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  Chevron invests $4bn in Nigeria

  Chevron Nigeria Limited said it has invested about $4 billion (N640 billion) in the Nigerian economy as at the end of 2012. In a statement announcing the launch of its 2012 Corporate Social Responsibility Report, the General...

  • Posted July 10, 2013
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  Portability abuse: Operators to pay N200,000 per subscriber

  Telecommunications operators that frustrate porting processes under the ongoing Mobile Number Portability scheme will be fined N200,000 by the Nigerian Communications Commission for each affected subscriber. The Director, Legal and Regulatory Services, NCC, Ms. Josephine Amuwa, revealed...

  • Posted July 9, 2013
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  Unregistered SIMs: Subscribers to lose numbers in September

  Telecommunications subscribers, whose numbers were disconnected after the expiration of the June 30 deadline for SIM card registration, will forfeit the numbers in 90 days if they do not report to their network operators for full registration....

  • Posted July 9, 2013
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  Reconstruction of Lagos-Ibadan Express road will create thousands of jobs – Julius Berger

  Julius Berger Nigeria Plc has noted that the reconstruction and expansion of Lagos-Ibadan Expressway which the Federal Government flagged off at the weekend will generate several thousands of jobs for Nigerians. Managing director of the company Mr....

  • Posted July 9, 2013
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  Nigerians in Diaspora seek tax waiver

  Nigerians in diaspora interested in bidding for public sector consultancy and contracting jobs have demanded for a waiver of three-year tax clearance requirement as a precondition for their eligibility. They made the demand in response to the...

  • Posted July 9, 2013
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  Access Bank AUM hits 200% growth

  Access Bank UK Limited, the wholly-owned subsidiary of Access Bank Plc, has declared that its Assets Under Management, AUM, in the private banking and asset management business has increased by over 200 percent to US$18.5 million by...

  • Posted July 9, 2013
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  NNPC to acquire divested assets of IOCs

  Nigerian National Petroleum Corporation, NNPC, Monday, said it will acquire the divested assets of International Oil Companies, IOCs, in Nigeria. The NNPC has also borrowed about N224 billion ($1.4 billion) from the international financial market to settle...

  • Posted July 9, 2013
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  BRT starts e-payment on Tuesday, commuters to pay as low as N20

  The Lagos Metropolitan Area Transport Authority (LAMATA), regulator of the Bus Rapid Transit (BRT), has announced that the use of e-ticketing payment to board BRT buses will commence on Tuesday. This is part of ongoing re-structuring of...

  • Posted July 8, 2013
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  Shareholders get N230m from Trustfund

  The board of Trustfund Pensions Plc has announced a dividend pay-out of N230 million for the year 2012 with shareholders receiving 23 kobo per N1 share compared to 15 kobo in 2011. Nigeria Labour Congres, NLC; Trade...

  • Posted July 8, 2013
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