All posts by Ifreke Inyang

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  FG to make N474bn from deep-water projects

  The developmment of deepwater assets in the Nigerian oil and gas can contribute $3bn (N474bn) to the country’s economy. It can also generate about 200,000 jobs annually. The Commercial Manager, Shell Nigeria Exploration and Production Company Limited,...

  • Posted May 26, 2013
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  DataCash, MoPowered enhance mobile shopping

  DataCash, a MasterCard Company, on Friday announced a partnership with mobile commerce specialists MoPowered, cellular-news.com reported on Friday. The collaboration with MoPowered will enable DataCash’s merchants to meet the needs of a demanding mobile market by using...

  • Posted May 26, 2013
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  Delayed PIB passage frustrates N17.2tn investment — IOCs

  International Oil Companies operating in Nigeria have said the delay in the passage of the Petroleum Industry Bill has completely slowed down their N17.2tn ($109bn) proposed investment in the oil industry. The bill, subjected to stakeholders’ debates...

  • Posted May 26, 2013
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  Aero resumes flights to Douala

  Aero Contractors has announced that, effective May 27, the airline will commence thrice weekly flight operations between Accra and Douala. Addressing aviation reporters yesterday in their corporate head office, Lagos, the Accountable Officer of the airline, Captain...

  • Posted May 26, 2013
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  Obasanjo to chair Jigawa Economic Summit – Commissioner

  The Jigawa Government said on Thursday that it had concluded plans for the successful hosting of its 2013 Economic Summit to be chaired by former President Olusegun Obasanjo. The Commissioner for Information, Alhaji Ibrahim Babandi said in Dutse that...

  • Posted May 25, 2013
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  NCC will apply sanction against any provider if porting is denied

  The Director, Public Affairs, Nigeria Communications Commission (NCC), Tony Ojobo, said that the commission would apply sanction if any anti-competitive behaviour was established against any service operators on porting issues. Ojobo said on Thursday in Abuja that porting to any network...

  • Posted May 25, 2013
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  Jonathan recovers Ajaokuta from Global Steel – Senator Adeyemi

  CHAIRMAN, Senate Committee on the Federal Capital Territory Committee, Senator Smart Adeyemi (PDP, Kogi West), yesterday, said President Goodluck Jonathan has recovered the dead Ajaokuta Steel Complex in Kogi State from Global Steel Holdings Limited. The move...

  • Posted May 24, 2013
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  NRC shops for private investors to drive rail transportation

  Nigerian Railway Corporation (NRC) is shopping for investors under a Public-Private Partnership initiative to drive railway operations in the country. Managing Director, NRC, Engr. Adeseyi Sijuade, who disclosed this in Lagos, said that the government has reached...

  • Posted May 24, 2013
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  Effective e-payment system critical to banking services – Sanusi

  Governor of the Central Bank of Nigeria (CBN), Malam Sanusi Lamido Sanusi, CON, has maintained that effective e-payment system was critical to banking services in the country. Speaking in Lagos during the  keynote address at the CBN/Gartner...

  • Posted May 24, 2013
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  Capital market recovers 94.3% of 2008 losses

  If the figures obtained at the close of Wednesday’s equity trading is anything to go by, then the capital market is well on the way to hitting the pre-meltdown peak of 2008. Investigations by our correspondent showed...

  • Posted May 23, 2013
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