All posts by Ifreke Inyang

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  EFCC traces N1bn property to former Bayelsa Governor, Timipre Sylva

  Two choice properties said to belong to the former Bayelsa State Governor, Timipre Sylva, have been uncovered by the Economic and Financial Crimes Commission, EFCC, which is currently in court with the suspect over a case of...

  • Posted October 13, 2012
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  MasterCard offers $500m scholarship to 15,000 African youth

  The Global financial card-payment company, MasterCard, says it has set up a $500 million (N75 billion) scholarship fund for talented but economically disadvantaged young people in Africa to access quality secondary and university education. The President of...

  • Posted October 12, 2012
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  Berlusconi ready to sell 30% of AC Milan to Qatari family

  Silvio Berlusconi is ready to sell 30 percent of AC Milan to Qatar’s ruling Al-Thani family, the Gazzetta dello sport newspaper reported Friday. “Milan of Arabia” read the headline of the sports daily with a photo of...

  • Posted October 12, 2012
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  Nigerian interbank rates up on NNPC cash withdrawal

  Nigerian interbank lending rates rose more than 80 basis points this week to an average of 11.41 percent, compared with 10.58 percent last week, as cash outflows to treasury bill sales and a withdrawal by the state-owned...

  • Posted October 12, 2012
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  The N4.92 trillion 2013 budget is not enough to revamp the power sector – Henry Boyo

  Renowned economist, Mr Henry Boyo, has claimed that the 2013 budget is grossly insufficient to give the nation’s economy the much needed surge. According to him, the N4.92 trillion budget that was recently presented by President Jonathan,...

  • Posted October 12, 2012
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  Inflation may drop to 11.03% – Report

  Ahead the release of September inflation figures, analysts have predicted a further decline in inflation rate to 11.03 per cent from 11.70 per cent and 12.8 per cent in August and July respectively. According to FSDH Securities...

  • Posted October 12, 2012
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  Ngozi Okonjo-Iweala explains why oil benchmark was fixed at $75

  The Federal Government is insisting on the benchmark price of $75 per barrel of crude oil in order to shore up the economy and make for macroeconomic stability, the Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said....

  • Posted October 11, 2012
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  Pharmaceutical Company Sues Taskforce On Counterfeit Drugs

  In a bid to redress the injustice alleged to have been meted out to them, two Directors of a pharmaceutical company, Mr. Samuel Ediu and Superintendent pharmacist, Alexander Ani Eton and their company, Edichart Investment Limited, have...

  • Posted October 11, 2012
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  “The budget for 2013 better than that of 2012” – Economist

  An economist, Katchy Ononuju on Thursday said that next year’s budget as proposed by President Goodluck Jonathan before a joint session of the National Assembly on Wednesday is by far better than that of 2012. Mr Ononuju,...

  • Posted October 11, 2012
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  Four Nigerian farmers sue Shell in Dutch court over pollution

  Four Nigerian farmers sued Shell before a Dutch court, accusing the oil giant of destroying their livelihoods in a case that could set a precedent for global environmental responsibility. The civil suit, backed by lobby group Environmental...

  • Posted October 11, 2012
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