All posts by Ifreke Inyang

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  Oil firms sue FG over drilling charges

  Three drilling firms on Thursday sued the Nigerian Ports Authority (NPA) challenging charges imposed on them over their activities in the Exclusive Economic Zone (EEZ). The suits instituted before Justice James Tosho of a Federal High Court,...

  • Posted May 19, 2013
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  NCS advises LCCI to promote Made-in-Nigeria goods

  Victor Gbemudu, the Zonal Coordinator of Nigeria Customs Service (NCS), Zone `A’, Lagos, has advised the Lagos Chamber of Commerce and Industry (LCCI) to promote Made-in-Nigeria goods at the 2013 Lagos International Trade Fair. The advice was...

  • Posted May 19, 2013
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  Ogun State Government boosts rice production

  The Ogun State government has supplied and installed two sets of rice processing equipment at Moloko-Asipa in Obafemi Owode Local Government and Ago-Iwoye in Ijebu-North Local Government Areas to boost rice production in the state. Also to...

  • Posted May 18, 2013
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  Traders send SOS to Amaechi over N500,000 fee for market stores

  TRADERS at the New Layout market in Port Harcourt have appealed to Governor Chibuike Amaechi to reduce the five hundred thousand naira fee they were being asked to pay to secure their stores at the market. While...

  • Posted May 18, 2013
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  Fidelity Bank records 40% profit in Q1

  Nigeria’s Fidelity Bank said on Friday its first-quarter pretax profit rose 40.42 percent year-on-year to N5.94 billion ($37.62 mln), up from N4.23 billion a year ago, the bank said. Gross earningsat the mid-tier lender rose to N31.43...

  • Posted May 18, 2013
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  Shell declares force majeure on NLNG gas supply

  Shell Petroleum Development Company Limited, the Nigerian subsidiary of Royal Dutch Shell, has declared a force majeureon gas supplies to the Nigeria LNG after a reported leak led to a pipeline shutdown. A statement released from The Hague...

  • Posted May 17, 2013
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  350,000 companies not rendering tax returns – FG

  The Federal Government has decried the practice of tax evasion by many companies operating in the country and that in the last few years; about 350,000 companies have not filed tax returns. Tax returns are forms used...

  • Posted May 17, 2013
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  Electronic fund transfers set to hit N160billion daily

  The value of electronic funds transfer in the country is likely to hit N160bn per day by the end of the year in the second phase of the cash-less policy, which is planned to commence in July....

  • Posted May 17, 2013
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  Inflation rose to 9.1% in April – NBS

  The rate of inflation in the country rose to 9.1 per cent in April from 8.6 per cent in March, according to the Consumer Price Index Report released by the National Bureau of Statistics on Thursday. The...

  • Posted May 17, 2013
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  Government officials welcome probe of private jets

  Top officials of Rivers State Government have  welcomed the call on Nigeria Civil Aviation Authority, NCCA, to produce licences and documentations of all private jets in the country within 48 hours. Some of them who spoke to...

  • Posted May 17, 2013
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