All posts by Ifreke Inyang

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  LCCI raises alarm over Nigeria’s debt profile, cost of borrowing

  The Lagos Chamber of Commerce and Industry, LCCI, said the country’s current debt profile was not sustainable, adding that the high cost of government borrowing was not healthy for the economy. Speaking at its third quarter press...

  • Posted October 18, 2012
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  Newsweek magazine to stop printing, go all-digital

  Newsweek, the venerable U.S. weekly current affairs magazine, will publish its final print edition on Dec. 31 and move to an all-digital format early next year, the latest example of how print media have had to adapt...

  • Posted October 18, 2012
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  Shippers Council declares interest on port regulation

  The Nigeria Shippers’ Council has finally thrown its hat in the ring in the on-going contest for the transmutation of an agency under the ministry of transport to be the regulator of players and activities in the...

  • Posted October 18, 2012
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  KPMG raises concern over increasing fraud cases in companies

  KPMG has expressed concerns over the rising cases of frauds in companies in Nigeria, saying that if measures to curb it are not put in place urgently, it will significantly hurt the companies and also pose a...

  • Posted October 18, 2012
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  Manchester United seal partnership with Japanese soft drinks makers Kagome

  Manchester United have secured a three-year partnership deal with Japanese-based soft drinks manufacturer Kagome. The drinks company make a number of fruit-based products aimed at promoting a healthy lifestyle and will become United’s official soft drinks partner...

  • Posted October 17, 2012
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  FG worried on use of Dollars as second currency in Nigeria

  The Federal Government is worried by the use of dollar as means of payment or legal tender in the local market in Nigeria. The practice is seriously undermining the naira as most Nigerians are fast losing confidence...

  • Posted October 17, 2012
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  Diamond Bank set to acquire European Bank

  Nigeria’s Diamond Bank is in talks to buy a niche European bank to tap into direct investment and trade flows from Europe into Nigeria, its chief executive, Alex Otti said on Tuesday according to Reuters. Alex Otti...

  • Posted October 17, 2012
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  Inflation eases to 11.3% year-on-year in September – National Bureau of Statistics

  Nigeria’s consumer inflation eased for the third straight month to 11.3 percent year-on-year in September, down from 11.7 percent year-on-year in August, the National Bureau of Statistics (NBS) said on Wednesday. Food inflation, the largest contributor to...

  • Posted October 17, 2012
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  Veteran producer, Amaka Igwe announces launch of QTV

  Q, Nigeria’s latest entertainment channel is set to commence airing on DStv. The new channel is set to provide viewers with exciting movies, thrilling dramas, inspiring documentaries, general interest programmes and much more. Founded by multi-award winning...

  • Posted October 16, 2012
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  Abdusalami Abubakar’s firm wins bid for power companies

  Integrated Energy Distribution and Marketing Company, a firm owned by former Head of State, Abdusalami Abubakar on Tuesday emerged the core investor of the Eko, Ikeja, Ibadan and Yola electricity distribution companies. Meanwhile, the Federal Government raked...

  • Posted October 16, 2012
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