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All posts by Ifreke Inyang

  • Fresh congestion imminent at Lagos port

    Indication emerged in Lagos on Wednesday of likely fresh port congestion as one of the two machines for scanning containers has been withdrawn for “preventive maintenance.” Already, the management of APM Terminals Apapa Limited has said it...

    • Posted April 25, 2013
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  • FG needs N921.4billion to complete 195 roads

    The Federal Government needs N921.4 billion to complete about 195 ongoing road projects across the country. Minister of Works, Mike Onolememen, who disclosed this to State House correspondents after the weekly Federal Executive Council (FEC), said government...

    • Posted April 25, 2013
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  • Nigerians spent N334.34billion on petrol in first quarter of 2013 — Report

    Nigerians may have spent about N344.34bn on petrol in the first quarter of this year going by consumption figures supplied by the Petroleum Products Pricing Regulatory Agency. The Executive Secretary, PPPRA, Mr. Reginald Stanley, had during an...

    • Posted April 24, 2013
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  • Private jet owners to pay luxury tax

    The Federal Government is planning to impose a form of luxury tax on owners and operators of private jets in the country, top officials of the Ministry of Aviation have confirmed. The plan, currently being fine-tuned by...

    • Posted April 24, 2013
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  • MTN signs $3billion loan deal with Zenith, others

    MTN Nigeria has secured loan facilities totalling $3bn (about N470bn) from a consortium of local and international financial institutions to enable it expand, modernise and improve its network infrastructure. Zenith Bank Plc led the financiers with N55bn,...

    • Posted April 24, 2013
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  • PIB: Echoes of resource control resonate at House Public hearing

    THE debate over petroleum resource control  re-echoed, yesterday, during the second day of the House of Representatives Public Hearing on PIB for the South-West Zone held in Lagos. The resource control debate which has raged across the...

    • Posted April 24, 2013
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  • N12billion pension scam: EFCC re-arrests ex-director, 9 others

    The Economic and Financial Crimes Commission, EFCC, yesterday, re-arrested the former Director of Pension Accounts in the Office of the Head of Civil Service of the Federation, OHCSF, Dr. Sani Teidi Shaibu, over his alleged complicity in...

    • Posted April 24, 2013
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  • Metering policy implementation’ll save Nigeria N755billion monthly – Aganga

    The implementation of accurate metering policy by the Weights and Measures Department of the Ministry of Industry, Trade and Investment will save the country about N755bn monthly. The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga,...

    • Posted April 23, 2013
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  • FG seeks $3.4billion foreign loan for power projects

    The Federal Government is looking beyond Nigerian banks to raise $3.4bn needed to fund power projects in the country because of high interest rates being charged on loans by local banks. The Chairman, Presidential Task Force on...

    • Posted April 23, 2013
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  • PPPRA to publish list of accredited products’ suppliers

    Petroleum Products Pricing Regulatory Agency, PPPRA, is set to publish a list of accredited international companies that supply Nigeria with refined petroleum products, as part of ongoing measures to sanitise and streamline downstream operations. The list, which...

    • Posted April 23, 2013
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