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All posts by Ifreke Inyang

  • Cash-less policy: Poor network threatens to PoS usage

    Months after the introduction of Point of Sale terminal as one of the key electronic payment channels to drive the cash-less scheme of the Central Bank of Nigeria, poor network has remained a challenge to the initiative,...

    • Posted May 13, 2013
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  • Private jets used to smuggle cash, fugitives – FG

    The Federal Government on Sunday said illegal consignments and cash in local and foreign currencies were being smuggled on daily basis in and out of the country aboard private jets. It also said some persons that securities...

    • Posted May 13, 2013
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  • Investors decry growing corporate donations to regulatory agencies

    Shareholders have expressed displeasure over the increasing level of financial donations by corporate organisations to various government and regulatory agencies in the country, calling on the federal government and the National Assembly to put a stop to...

    • Posted May 13, 2013
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  • I want Nigeria to become largest supplier of tomatoes – Hargrave

    Richard Hargrave is the Managing Director, Dizengoff West Africa (Nigeria) Limited.He shares his views on trends in the Nigerian economy with UDEME EKWERE   How long have you been in Nigeria? I first came to Lagos in 1978;...

    • Posted May 12, 2013
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  • SURE-P: FG spends N2.7bn on road repairs

    The Federal Road Maintenance Agency has so far spent over N2.7bn on the rehabilitation of some federal roads nationwide. The amount, obtained from the Subsidy Reinvestment and Empowerment Programme funds, was for the acquisition of first grade...

    • Posted May 12, 2013
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  • Scandal rocks mobile number portability

    There were indications at the weekend that the newly introduced, 20-day old Mobile Number Portability, MNP, may have run into a scandalous hitch owing to some alleged sharp practices on the part of one of the major...

    • Posted May 12, 2013
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  • Shell producing from unlicensed oil blocks — Investigation

    Shell Petroleum Development Company, the Nigerian subsidiary of Royal Dutch Shell, is producing from some of the five shallow water offshore oil blocks more than four years after the leases had expired. A source at the company,...

    • Posted May 12, 2013
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  • Property of the Week: An excellent opportunity to acquire plots of land in Lekki, Lagos

    Looking to invest in the real estate sector of Lagos? This is an excellent opportunity to acquire plots of land now selling in Lafiaji Town, Lekki. The plots are for residential purposes and ideally located  after Chevron...

    • Posted May 10, 2013
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  • Federal revenue falls by 2.4% to N2.4trillion in Q1

    The total federally-collected revenue in the first quarter of 2013 dropped by 2.4 per cent to N2.425 trillion from the previous quarter. This was contained in a report of the Central Bank of Nigeria on economic activities...

    • Posted May 10, 2013
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  • Shell says crude oil theft is reducing

    Nigerian unit of Anglo-Dutch oil giant, Shell, has admitted that the spate of crude oil theft from its facilities in the Niger Delta is reducing, a development he attributed to the surveillance of the Joint Task Force,...

    • Posted May 10, 2013
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