All posts by Ifreke Inyang

• 
  2013 budget: Lagos records 61% first quarter performance

  Governor Babatunde Fashola of Lagos state yesterday said the state had recorded 61 percent budget performance in the first quarter of the 2013 budget implementation. It will be recalled that the 2013 budget for the state tagged;...

  • Posted April 13, 2013
  • 0
• 
  Power transmission: FG requests Poland’s help

  The Federal Government has asked Poland to assist in the development of the weak electricity transmission lines in Nigeria. The Minister of Power, Prof. Chinedu Nebo, said the government was interested in Polish expertise in the areas...

  • Posted April 12, 2013
  • 1
• 
  Nigeria loses N3.76bn to foreign domain names’ usage

  In the last five years, the country has lost about N3.76bn to the continuous patronage of foreign domain names by Nigerians living. This figure is expected to more than double in the next five years if the...

  • Posted April 12, 2013
  • 1
• 
  Etisalat to raise $500m from local banks for expansion

  Speaking at the Reuters Africa Investment Summit yesterday, the Commercial Officer of Etisalat, Wael Ammar, disclosed that the Telecoms company will raise $500 million in debt from National banks to enable it improve on network coverage across...

  • Posted April 12, 2013
  • 0
• 
  Fuel shortage imminent as NNPC stops loading of product in South-West

  Petrol shortage may be imminent in some states as trucks have stopped loading from the Nigerian National Petroleum Corporation,NNPC, depots in the South-West since Monday. A reliable source told the News Agency of Nigeria in Lagos, yesterday,...

  • Posted April 12, 2013
  • 0
• 
  Banks to appoint 30% women board members – Sanusi

  Banks in the country would be required to appoint at least 30 per cent female board members and 40 per cent management staff, as from next year, the Governor of the Central Bank, Mallam Sanusi Lamido Sanusi,...

  • Posted April 12, 2013
  • 0
• 
  House of the Week: A gorgeous N250m five bedroom house for sale in Ikeja

  Our property of the week is this gorgeous and exquisitely finished 5 Bedroom House located at Ikeja in Lagos. With luxury attributes like a swimming pool and well fitted kitchen, this home is certainly a delightful modern...

  • Posted April 12, 2013
  • 0
• 
  SEC orders market operators to maintain January to December fidelity bonds

  The Securities & Exchange Commission (SEC), on Wednesday directed all operators in the capital market to henceforth maintain a fidelity bond with a January to December validity every year. According to Wikipedia, “a fidelity bond is a...

  • Posted April 11, 2013
  • 0
• 
  MOSOP gives condition for oil exploration in Ogoniland

  MOVEMENT for the Survival of Ogoni People, MOSOP, has called for the creation of an Ogoni state as a condition for oil exploration to resume in Ogoni land. In a statement, yesterday, Chairman, MOSOP Coordinators Forum, Mr....

  • Posted April 11, 2013
  • 1
• 
  CBN to sell N310.94billion treasury bills Thursday

  The Central Bank of Nigeria (CBN) will sell treasury bills worth N310.94 million on Thursday, according to the Financial Market Dealers Association (FDMA) in Lagos. The association said in its daily report on Wednesday, in Lagos, that...

  • Posted April 11, 2013
  • 0