All posts by Ifreke Inyang

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  Nigerian banks now IFRS compliant – CBN

  The Central Bank of Nigeria on Thursday said that all Deposit Money Banks in the country were now International Financial Reporting Standards compliant. The Deputy Governor, Financial Systems Stability, CBN, Mr. Kingsley Moghalu, said at the Ernst...

  • Posted May 21, 2013
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  BoA targets 30 million farmers with mobile money

  The Bank of Agriculture has entered into a partnership with Cellulant of Kenya to provide mobile money banking services to about 30 million Nigerian farmers. The move will enable farmers to enjoy broader base services by leveraging...

  • Posted May 21, 2013
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  Lagos commences work on Fourth Mainland Bridge

  The Lagos State Government has finally started a preliminary work on the Fourth Mainland Bridge. The 26-kilometre infrastructure would be designed to link Ikorodu to the state’s economic hub in Eti-Osa Local Government Area. The state Commissioner...

  • Posted May 20, 2013
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  NAMA’s automated aeronautical centres ready for test run in October

  Mr Ifeanyi Nwankwo of the Nigerian Airspace Management Agency (NAMA) on Sunday said that the test run of  NAMA’s automated Aeronautical Information Service (AIS) centres in Nigeria, would start in October. Nwankwo, Director, Directorate of Safety Electronics...

  • Posted May 20, 2013
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  No management contract with Rivers to operate aircraft – Caverton

  Caverton Helicopters has told  the House of Representative Committee on Aviation, and its counterpart on Justice that they had no management contract with Rivers State government to operate its aircraft and consequently could not have been under...

  • Posted May 20, 2013
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  Excess crude account drops to $5.27bn

  The Minister of State for Finance, Mr. Yerima Ngama, has said that the country’s Excess Crude Account (ECA) has dropped to $5.27billion. He made this known after the monthly Federal Accounts Allocation Committee(FAAC) meeting in Abuja. Following...

  • Posted May 20, 2013
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  Imposition of 35% import duty on CPO detrimental to industries – Stakeholders

  The recent imposition of 35 percent duty on importation of Crude Palm Oil, CPO, into the country by the federal government is beginning to take a toll on associated food industries, as they have started to experience...

  • Posted May 20, 2013
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  Unregistered numbers to go offline on June 30

  Going by NCC directives, unregistered lines would be taken offline from the 1st of July 2013. In essence, what that means is that if your line has not been registered to your home network, service to your SIM...

  • Posted May 19, 2013
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  Nigeria, World Bank earmark $659m for erosion control in Nigeria

  Nigeria and the World Bank are to spend 659 million dollars in tackling erosion in 11 states, including Cross River, a World Bank Official said in Calabar on Friday. The Task Team leader of the World Bank...

  • Posted May 19, 2013
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  President Jonathan promises free trade zone for South East

  President Goodluck Jonathan has promised to establish a free trade zone in the South East to boost economic activities in the area. Jonathan made the promise at the ground-breaking ceremony of the international wing of the Akanu...

  • Posted May 19, 2013
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