All posts by Ifreke Inyang

• 
  Nokia cuts smartphone prices before new models arrive

  Struggling phone maker Nokia has knocked 10-15 percent off the prices of two of its top of the range smartphones, hoping to boost sales before newer models arrive in markets in November. Nokia has cut the price...

  • Posted September 28, 2012
  • 0
• 
  “There are a lot of opportunities for new investors in Nigeria” – President Jonathan

  In an attempt to woo Foreign Direct Investment, FDI, President Goodluck Jonathan, in the midst of a group of foreign investors, claimed that his administration is tackling the dearth of infrastructure and the dire security challenges in...

  • Posted September 28, 2012
  • 0
• 
  N140m tax evasion: Lagos shuts down 13 more companies

  Thirteen more companies have been shut down by the Lagos State Internal Revenue Service, LIRS, for allegedly defaulting to pay over N140 million in company taxes. The affected companies owed taxes ranging from one to six years,...

  • Posted September 28, 2012
  • 0
• 
  Alison-Madueke says proposed oil bill taxes are fair

  Petroleum Industry Bill (PIB), an instrument seeking taxes on deep offshore oil projects proposed by Nigeria is “competitive and considerate”, oil minister Diezani Alison-Madueke said, rejecting complaints by foreign oil companies that the levies are too high....

  • Posted September 28, 2012
  • 1
• 
  Financial Times: Nigeria aviation: A new low

  And then there were two. A fortnight after Air Nigeria folded, and three months after Dana Air was grounded following a crash in Lagos that killed 153 passengers and crew, Nigeria’s biggest airline Arik Air suspended all...

  • Posted September 28, 2012
  • 0
• 
  Sokoto state government to purchase 500 laptop computers at N46m

  Gov. Aliyu Wamakko of Sokoto State has approved the purchase of 500 laptop computers worth N46 million for the one-laptop-per-child policy. Alhaji Nasiru Zarummai, the Special Adviser to Wamakko on ICT, told newsmen in Sokoto on Thursday...

  • Posted September 28, 2012
  • 0
• 
  Fuel Scarcity: 18 ships carrying fuel waiting to berth at Lagos Ports

  Eighteen ships are waiting to berth and discharge petroleum products at various oil terminals within the Lagos ports, the Nigerian Ports Authority (NPA) said on Thursday. The “Shipping Position”, a daily publication of the NPA, stated that...

  • Posted September 28, 2012
  • 0
• 
  Arsenal announce pre-tax profit of €46m for 2011-12

  Arsenal have announced a pre-tax profit of €46 million on turnover of €306m for 2011-12. The club also confirm player trading profit of €33m following the sale of Cesc Fabregas and Samir Nasri to Barcelona and Manchester...

  • Posted September 28, 2012
  • 0
• 
  “FG must pay us before selling power firms” – Workers

  Workers of the Power Holding Company of Nigeria have vowed to halt the handover of the five power generating firms to successful bidders unless the Federal Government pays off their severance packages. The workers were reacting to...

  • Posted September 27, 2012
  • 1
• 
  ExxonMobil chief warns Nigeria could lose new investments because of new oil law

  A bill seeking to overhaul Nigeria’s oil sector would lead to a halt in new investments if passed in its current form due to onerous fiscal terms, the head of ExxonMobil’s Nigeria operations warned Thursday. Mark Ward,...

  • Posted September 27, 2012
  • 0