All posts by Ifreke Inyang

• 
  Debt Management Office offers N105bn worth of bonds

  The Debt Management Office (DMO) has issued three tranches of Federal Government’s bonds totalling N105 billion to investors. The bonds have tenors of between five and 20 years. In its February bond auction summary posted on its...

  • Posted February 17, 2013
  • 0
• 
  Apapa terminal gets satellite container system

  Port terminal operator, APM Terminals Apapa Limited, has introduced satellite-based container location system capable of ensuring 99.5 per cent accuracy of container location and inventory in the terminal yard to aid prompt service delivery at the port....

  • Posted February 17, 2013
  • 1
• 
  Stocks turnover drop by 25.06% on bearish trading

  The volume of shares traded on the Nigerian Stock Exchange (NSE) on Friday dropped by 25.06% with 529.53 million shares worth N4.61 billion traded in 6,554 deals. This was against a total of 706.48 million shares valued...

  • Posted February 16, 2013
  • 0
• 
  Fall in corporate tax brings down non-oil receipts by 30%

  Non-oil receipts of N589.98 billion fell below the proportionate budget estimate by 22.8 percent in the fourth quarter of 2012 and the receipts in the preceding quarter by 30.3 percent, the Central Bank of Nigeria (CBN) has...

  • Posted February 16, 2013
  • 0
• 
  FG promises steady power supply across the country

  The Minister of Information, Mr Labaran Maku, on Friday reiterated the Federal Government’s determination to improve power supply in the country. Maku gave the reassurance at Ebocha, Ogba/Egbema/Ndoni Local Government Area of Rivers as part of the...

  • Posted February 16, 2013
  • 0
• 
  Group applauds PPMC over subsidised kerosene price

  A group, Concerned Deltans for Less Privileged, has commended the Managing Director of the Products and Pipeline Marketers Company, PPMC, Prince Haruna Momoh for approving two trucks of kerosene at subsidized rate for some communities ravaged by the...

  • Posted February 16, 2013
  • 0
• First Bank introduces new product for MasterCard users

  First Bank of Nigeria Limited has introduced a new card product that gives customers the freedom to design their debit naira MasterCard with favourite pictures. The bank said during the First Bank Expression Cards Campus Storm at...

  • Posted February 15, 2013
  • 0
• 
  Aero Airlines staff arraigned over N64m ticket fraud

  Some staff of Aero Airlines were yesterday arraigned before the Magistrate at the Murtala Mohammed Airport (MMA), Lagos domestic wing for engaging in ticket racketeering against the airline to the tune of N64m. A source close to...

  • Posted February 15, 2013
  • 1
• 
  FG flags-off N22.7bn Lokoja-Benin road dualisation project

  As part of efforts to open up the country’s arterial roads and boost economic activities throughout the nation, the Federal Government yesterday flagged-off the dualisation of section one and two of the Lokoja-Benin Expressway. While section one...

  • Posted February 15, 2013
  • 0
• 
  Tax default: Lagos State Government shuts down 15 firms

  The Lagos State Internal Revenue Service (LIRS) has sealed 15 companies in the last one month for failure to remit N47.4 million personal income taxes of workers. Mrs. Folasade Coker-Afolayan, the Head of its Distrain Unit, made...

  • Posted February 15, 2013
  • 0