All posts by Ifreke Inyang

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  Shell to shut Nembe oil pipeline in April

  Shell Nigeria PLC will in April shut down the 150,000-barrel-a-day Nembe Creek oil pipeline temporarily. According to the company, its decison was based on the urgent need for the clearing away of illegal connections intended to steal...

  • Posted March 23, 2013
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  CBN retains MPR, CRR to stabilise economy

  A major development in the money market this week was retention of the Monetary Policy Rate (MPR) at 12 per cent by the Monetary Policy Committee (MPC). The Central Bank of Nigeria (CBN) Governor, Lamido Sanusi, announced...

  • Posted March 23, 2013
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  MTN fined N90m for poor network

  The Nigerian Communication Commission (NCC) has imposed a N90 million fine on one of the major telecommunication provider, MTN for poor service delivery in the month of December last year. Mr Tony Ojobo, the Director Public Affairs...

  • Posted March 23, 2013
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  Nigeria emerges second fastest market for champagne, spends N41billion annually

  Nigeria spends an average of N41.41 billion on champagne yearly, according to a report by Euromonitor International. The report indicates that Nigeria is the second fastest growing market in the world for champagne, noting that between 2006...

  • Posted March 22, 2013
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  NCC releases new interconnect rates

  Nigerian Communications Commission, NCC, has released a new interconnect rate that would guide telecom operators in the country on terminating calls for one another. The new rate apparently became necessary after the expiration date of December 2012...

  • Posted March 22, 2013
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  House of the Week: A glamorous N165m five bedroom house for sale in Lekki Phase 1

  Our property of the week is this glamorous and exquisitely designed 5 Bedroom House located at Lekki Phase 1 in Lagos. With luxury attributes like a gym and swimming pool, this home is certainly a delightful modern...

  • Posted March 22, 2013
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  Microsoft brings Office 2013 to Nigeria market

  The global software giant, Microsoft has announced the availability of Office 2013 in Nigeria, the next iteration of the company’s flagship Office product line for consumers. The new product allows new consumer cloud service works across devices...

  • Posted March 22, 2013
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  FG to share $2bn Excess Crude Account with states, local govts

  The National Economic Council Thursday approved sharing of  between $1billion and $2billion from the excess crude account amongst the federal, state and local governments. Governor Godswill Akpabio of Akwa Ibom State, who disclosed this to state House...

  • Posted March 22, 2013
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  Ban on rice importation by 2016 is achievable – Expert

  In line with President Goodluck Jonathan’s announcement on Wednesday on the ban of rice importation, the Managing Director of Upper Niger River Basin Development Authority, Professor Paul Marley has said that the proposed ban by 2016 is...

  • Posted March 22, 2013
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  Reps ask Jonathan to sack Oteh

  The troubles of the Director General of the Securities and Exchange Commission (SEC), Arunma Oteh seem far from over as the House of Representatives has insisted that President Goodluck Jonathan should implement the resolution of the House...

  • Posted March 22, 2013
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