All posts by Ifreke Inyang

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  NDIC plans bailout for micro finance, mortgage banks

  The Nigeria Deposit Insurance Corporation, NDIC, has said it would grant assistance to deserving Primary Mortgage Banks, PMBs) and microfinance banks (MFBs, as part of its efforts to reposition the sub-sector for greater performance of the financial...

  • Posted April 4, 2013
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  FG to concession Lagos, Abuja stadia

  The Federal Government yesterday said the Abuja and Lagos National stadia are to be concessioned to interested private organiations as government could no longer fund the maintenance  of the stadia. Minister of Sports, Bolaji Abdullahi who disclosed...

  • Posted April 4, 2013
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  4m/bpd by 2020 not feasible under PIB – IOCs

  Oil majors have said Nigeria’s plan to achieve four million barrels of daily oil production and 40 billion barrels in reserves by 2020, are not feasible under the new fiscal terms being proposed by the Federal Government...

  • Posted April 4, 2013
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  Group wants oil companies to end corporate social responsibilities in Nigeria

  The Environmental Rights Action/Friends of the Earth Nigeria, ERA/FoEN, has called on the oil companies in the country to put an end to their corporate social responsibilities (CSRs). The non-governmental organisation stated this, Wednesday, during a media interactive session...

  • Posted April 3, 2013
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  Agip suspends operations in Bayelsa

  Italian oil firm, Eni, says it has shut down its activities in the swamp area oil fields in Bayelsa State, from which it produced about 40 000 barrels of crude oil daily, over a growing wave of...

  • Posted April 3, 2013
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  KEPCO acquires 70% share of Egbin Power Plant

  The Bureau of Public Enterprises (BPE) has transmitted an offer letter to KEPCO Energy Resources in respect of the Share Purchases Agreement (SPA) for the 70% sale of Federal Government’s shares in Egbin Power Plant at the...

  • Posted April 3, 2013
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  24 foreign airlines may stop flights into Nigeria

  The 24 foreign airlines flying into Nigeria are in dilemma on whether to stop or continue flights into the country as the Federal Government has yet to approve their summer schedule, five days after the commencement of...

  • Posted April 3, 2013
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  Aero bars workers from resumption, demands CVs

  CONTRARY to the resolution reached at a meeting with the Senate Committee on Aviation, management of Aero Contractors and representatives of the three unions in the nation’s aviation sector in Abuja last week, the airline, yesterday, refused...

  • Posted April 3, 2013
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  FG to award contract for printing of 33.5m permanent voters’ cards today

  Baring last-minute change of mind, the Federal Executive Council, FEC, will today  award the contract for the printing of 33.5 million Permanent Voters’ Cards, preparatory to the 2015 general elections. Impeccable sources at the Independent National Electoral...

  • Posted April 3, 2013
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  Nigeria loses over $40billion investments in 2 years

  Nigeria is estimated to have lost more than $40 billion or N6.3 trillion investments in the last two years as a result of uncertainties in the oil and gas sector. Specifically, oil companies have held back over...

  • Posted April 2, 2013
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