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All posts by Ifreke Inyang

  • FG releases N200bn for third quarter capital projects

    The Federal Government on Thursday said it had released the sum of N200bn to its Ministries, Departments and Agencies for the implementation of third quarter capital projects contained in the 2014 budget. This was disclosed by the...

    • Posted September 20, 2014
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  • 60% of aircraft operated by Nigerians are on lease – NCAA

    The Acting Director-General, Nigeria Civil Aviation Authority (NCAA), Mr. Benedict Adeyileka, yesterday said  more than 60 per cent of the aircraft operated by Nigerian airlines were on lease. Adeyileka spoke in Lagos through NCAA’s General Manager, Airworthiness...

    • Posted September 20, 2014
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  • Poland to improve on existing $100m trade volume in Nigeria

    The Polish Deputy Minister for Economy, Andrzej Dycha, has lamented the current $100 million trade volume between his country and Nigeria in 2013 with a promise to improve on it this year and beyond. He made the...

    • Posted September 20, 2014
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  • Bill to enable production of Nigerian cars, tyres passes second reading

    A bill seeking to enable the production and assembly of cars and tyres in Nigeria as well as the provision of tariff incentives and income tax reliefs on all automobile and automotive components passed through second reading...

    • Posted September 20, 2014
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  • Nigeria to earn N30bn annually from slot allocation

    There is an indication that Nigeria could make about N30 billion annually from slot allocation to foreign airlines as an alternative to royalties paid on Bilateral Air Service Agreement (BASA). The accruals will evolve from extra frequencies...

    • Posted September 20, 2014
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  • CBN seeks increased access to finance for women

    The Central Bank of Nigeria has urged banks to develop platforms for products and services that will ultimately increase women’s access to finance. The Deputy Governor, Economic Policy, CBN, Dr. Sarah Alade, stated this at the Chartered...

    • Posted September 20, 2014
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  • Naira hits 3-month low despite CBN’s intervention

    The naira fell by 0.34 per cent to a three-month low of N163.45 to a dollar yesterday, despite the Central Bank of Nigeria’s (CBN’s) intervening for a second day to halt its slide. Data from Reuters showed...

    • Posted September 19, 2014
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  • EU earmarks €600m for Nigeria’s power sector, food security

    The European Union (EU) said yesterday it had concluded plans to spend about €600 million in ‎Nigeria over the next five years. Most of the spending, it noted, is targeted at helping Nigeria to attract private sector...

    • Posted September 19, 2014
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  • Niger Delta exploration to raise $450m through public offer

    Niger Delta Exploration and Production Plc, a Nigerian independent company, has unveiled plans to raise $450 million to acquire and develop crude fields in the country. This is coming as Lafarge Africa, Finland’s Wartsila and the World...

    • Posted September 19, 2014
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  • Nigeria cuts gas supply to Ghana over strike

    The indefinite strike embarked upon by some workers of the Nigerian National Petroleum Corporation has led to the stoppage of gas supply to Ghana through the West African Gas Pipeline. The NNPC branches of the Nigerian Union...

    • Posted September 19, 2014
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