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All posts by Ifreke Inyang

  • House of the Week: A spectacular short-let apartment in Lekki Phase 1, Lagos.

    Planning a trip to Lagos for business or pleasure? Lagos is a vibrant city, full of life, energy, culture and history. Why spend your visit to Nigeria’s most interesting city in a bland, uniform hotel room? Why...

    • Posted April 19, 2013
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  • Premier League finances: Accounts reveal £1.6billion spent on wages

    More than two thirds of the Premier League‘s record £2.4bn income in 2011-12 was paid out in wages, according to the most recently published accounts of all 20 clubs. The Guardian’s annual special report of Premier League clubs’ finances shows...

    • Posted April 18, 2013
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  • Telecoms subscribers spent N401bn in three months — NCC

    With an Average Revenue per User of $7 (N1,090.25), the 144,492,384 active telecoms subscribers in the country spent about N401.25bn on voice calls and text messages between November last year and January this year. The 144,492,384 subscribers...

    • Posted April 18, 2013
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  • Licence abuse: Bill recommends imprisonment for bank directors

    Bank directors, managers and employees who abuse their operating licences risk a minimum of two-year jail term and a fine of at least N1m. The penalty is contained in a bill to repeal and re-enact the Banking...

    • Posted April 18, 2013
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  • Oando close to buying $1.79billion ConocoPhillips’ Nigerian assets

    An indigenous oil firm, Oando Plc has said it is close to securing funds to buy ConocoPhillips’ Nigerian assets. The Chief Executive, Oando, Mr. Wale Tinubu, said the company was not struggling to raise money for the...

    • Posted April 18, 2013
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  • Nigeria loses N191billion to crude oil theft in three months

    Nigeria lost about N191 billion ($1.23 billion) in the first quarter of 2013, due to drop in crude oil production, arising from incessant crude oil theft and vandalism along the major pipelines within the Niger Delta, the...

    • Posted April 18, 2013
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  • Nigeria to become 30th largest economy in the world by 2014

    Nigeria’s expected rebasing of its Gross Domestic Product (GDP) this year, to better reflect the structure of the economy, may catapult it to the 30th largest economy in the world, from its current 40th position, according to...

    • Posted April 17, 2013
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  • Expert advises CBN to address banks’ hidden charges

    A financial expert, Oluwole Ibikunle, on Tuesday, advised the Central Bank of Nigeria (CBN) to address the issue of hidden charges by banks. Ibikunle, the Managing Director, Boar Management & Financial Strategies Ltd., said that the step...

    • Posted April 17, 2013
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  • FG prioritises Lagos-Ibadan Expressway, Second Niger Bridge

    The Federal Government has said it will give priority to the reconstruction of the Lagos-Ibadan Expressway and the building of the Second Niger Bridge that will connect Delta and Anambra states. The government’s position was made known...

    • Posted April 17, 2013
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  • Naira set for lowest level in two weeks

    The naira retreated on Tuesday, heading for its lowest level in two weeks, as importers were said to increase demand for dollars. The currency declined by 0.2 per cent to N158.25 per dollar in Lagos, according to...

    • Posted April 17, 2013
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