All posts by Ifreke Inyang

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  FG pays oil marketers N192.5bn

  The Federal Ministry of Finance has paid petroleum products marketers N192,502,279,966.50, this year. A statement by Mr. Paul Nwabuikwu, Special Adviser to the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, yesterday, in...

  • Posted June 18, 2013
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  Electricity consumers groan over increase in metre charge

  Electricity consumers in some part of Lagos have expressed worry over increase in fixed metre charge for pre-paid metres users. They accused the Federal Government, through the Power Holding Company of Nigeria, PHCN, of short changing Nigerians,...

  • Posted June 18, 2013
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  RMAFC asks FG to reduce over dependence on oil

  THE Revenue Mobilization, Allocation and Fiscal Commission, RMAFC, Monday, called on the Federal Government to reduce its over-dependence on oil and gas and broaden its economic base through diversification. RMAFC Chairman, Engr. Elias Mbam, who made the...

  • Posted June 18, 2013
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  Inflation rate stands at 9.0% – NBS

  Nigeria’s inflation rate stood at 9.0 per cent in May against the 9.1 per cent recorded in April, Dr Yemi Kale, Statistician-General of the Federation has said. Kale, in a statement in Abuja, said this indicated that...

  • Posted June 18, 2013
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  SMEDAN creates new programme for 5million jobs

  The Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, has disclosed plan to create five million new jobs through its National Enterprises Development Programme, NEDEP, before 2015. Director-General of the agency, Alhaji Bature Masari, while speaking...

  • Posted June 17, 2013
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  Reps order arrest of 1,652 Express Bank’s customers

  Public Accounts Committee, PAC, of the House of Representatives has ordered the Economic and Financial Crimes Commission, EFCC, to arrest 1,652 Express Bank’s customers over N12.293 billion debt. Vanguard reliably gathered that the order, contained in a...

  • Posted June 17, 2013
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  Deloitte increases investment in Nigeria

  As a demonstration of its commitment to the Nigerian and African market, Deloitte, one of the leading professional services firms in the world, has announced the formation of an integrated practice across Africa with Nigeria playing a...

  • Posted June 17, 2013
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  FBN Holdings projects 20% return on average equity for 2013

  FBN Holdings Plc has projected  a 20 per cent returns on average equity for the financial year 2013, even as it pledged superior returns to all stakeholders. The company also disclosed that it has completed its holding...

  • Posted June 17, 2013
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  FMBN targets $2.5bn diaspora money for housing sector

  Federal Mortgage Bank of Nigeria (FMBN) is targeting an inflow of up to $2.5 billion diaspora money into the Nigerian housing sector, by introducing products that will encourage Nigerians living abroad own houses in the country. This...

  • Posted June 17, 2013
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  Police pensioners task Okiro on pension funds

  RETIRED police officers in the country have commended the appointment of former Inspector General of Police, Mr. Mike Okiro, as the new chairman of Police Service Commission and charged him to prevail on the National Assembly to...

  • Posted June 17, 2013
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