All posts by Ifreke Inyang

• 
  NRC plans to increase Lagos-Kano train to three

  There are indications that the weekly Lagos-Kano train shuttle will soon be increased from one to three. Chairman, Nigerian Railway Corporation, Alhaji Kawu Baraje, dropped the hint in Lagos during a recent special train ride as part...

  • Posted June 16, 2013
  • 0
• 
  External reserves stagnant at N48bn

  The external reserves have remained stagnant at N48bn for over three months, an investigation by our correspondent has shown. It was learnt on Friday that the swing in the external reserves was as a result of the...

  • Posted June 16, 2013
  • 0
• 
  World Bank Supports FG With $500m To Combat Erosion

  The Federal Government said it had received World Bank’s commitment of $500 million to support its efforts at addressing the erosion in Nanka and Agulu communities in Anambra State. The World Bank support is coming as the...

  • Posted June 16, 2013
  • 0
• 
  GE breaks ground for $250m manufacturing and assembly plant in Calabar

  Following its announcement  last year that it intends to invest $1 billion in Nigeria, General Electric (GE) has scheduled the groundbreaking for its $250 million manufacturing and assembly plant for Tuesday in Calabar. The ceremony will be...

  • Posted June 16, 2013
  • 0
• 
  Lagos power projects receives boost with transformer plant

  The quest of the Lagos State Government to ensure stable electricity for the residents through Independent Power projects (IPP) has been advanced with the commissioning of a transformer manufacturing plant in the state. This landmark achievement by...

  • Posted June 15, 2013
  • 0
• 
  Ministry of Finance freezes MDAs accounts

  A PERIOD of reckoning is here for all Federal Government’s Ministries, Departments and Agencies ( MDAs) which have been generating revenues and diverting  them  instead of remitting  them  into the Federal Government’s Consolidated Revenue Fund ( CRF)...

  • Posted June 15, 2013
  • 1
• 
  British American Tobacco Nigeria Foundation inaugurates N7m palm-oil processing mill

  The British American Tobacco Nigeria Foundation, has said that the N7m palm-oil producing mill inaugurated in Ekpenyong Ufum community in Essien Udim Local Government, Akwa Ibom State, will help local farmers reduce agricultural produce waste. The palm-oil...

  • Posted June 15, 2013
  • 0
• 
  Tinapa witnesses high volume of trade – MD

  The Management of Tinapa Business Resort Calabar says the resort is currently witnessing high volume of trade and investment. The Managing Director of the resort, Mr. Bassey Ndem, said this on Thursday at an interactive session with...

  • Posted June 15, 2013
  • 0
• 
  Ogun seals off 36 filling stations

  No fewer than 36 filling stations in Ogun State have been sealed following the discovery that they contravened the State’s town planning laws. The affected filling stations located in Ota and Abeokuta were found to have altered...

  • Posted June 15, 2013
  • 0
• 
  MTN Nigeria halts SIM swap by proxy

  Mr Akinwale Goodluck, the Corporate Services Executive of MTN Nigeria, has announced the decision of the company to discontinue SIM swaps by proxy with effect from June 7. Goodluck said this in a statement made available on...

  • Posted June 14, 2013
  • 0