All posts by Ifreke Inyang

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  Inflation may rise further to 8.3% – Rewane

  The Chief Executive Officer of research firm Financial Derivatives Company Limited, Mr. Bismarck Rewane, has said inflation may rise further from 8.2 per cent to 8.3 per cent. He also said that money supply would increase in...

  • Posted August 12, 2014
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  Forte Oil records 152% increase in half-year profit

  Forte Oil PLC (formerly AP Plc) Friday in Lagos announced its audited results for the half-year ended June 20, 2014, showing sustained growth across its bottom-lines. Analysis of the results released by the Nigerian Stock Exchange (NSE)...

  • Posted August 12, 2014
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  Chevron blocks: Brittania-U cautions Minister against contempt of court as Seplat seeks consent

  As the legal battle between Brittania-U Nigeria Limited and Seplat Petroleum Development Company Limited for the acquisition of Chevron’s Oil Mining Leases (OMLs) 52, 53 and 55 shifted to the Supreme Court, lawyer to Brittania-U, Mr. Rickey...

  • Posted August 12, 2014
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  $1.5bn Lekki deep seaport project suffers setback

  Disagreements over the value of land donated by the Lagos State Government for the establishment of the Lekki Deep Seaport have been identified as the cause of the delay in the takeoff of the project. The deep...

  • Posted August 12, 2014
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  $14bn initiative: US, Nigeria collaborate on infrastructure financing

  Nigeria and the United States have commenced plans to leverage on US President Barack Obama’s $14bn investment pledge to Africa for an effective financing structure for infrastructure in the country. The Minister of Industry, Trade and Investment,...

  • Posted August 12, 2014
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  FG dares aviation unions on agencies’ merger

  The Federal Government is bent on implementing the Steve Oronsaye committee report, which proposed the merger of some aviation agencies. This information was contained in a letter from the Office of the Secretary to the Government of...

  • Posted August 12, 2014
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  Four rail lines will be completed this year – FG

  At least four major rail lines across the country will be completed this year, the Federal Government has said. According to the government, the branch line from Kafanchan to Kaduna is expected to be completed this month,...

  • Posted August 12, 2014
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  NDPHC revokes distribution jobs of three defaulting NIPP contractors

  Following reports of exhaustive meetings and deadline threats in attempts to arrest  the slow pace of executing electricity distribution contracts awarded to companies by the Niger Delta Power Holding Company (NDPHC) under the National Integrated Power Projects...

  • Posted August 12, 2014
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  NERC seeks firm commitment from gas producers with $2.50/mcf revised price

  The Nigerian Electricity Regulatory Commission (NERC) has said that it expects gas producers in Nigeria to improve their supply of gas to thermal power plants in the country following its recent approval of a revised price regime...

  • Posted August 11, 2014
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  Post-incorporation obligations: CAC tightens noose on defaulting firms

  Last week, the Corporate Affairs Commission (CAC) began the enforcement of the provisions of the Companies and Allied Matters Act, (CAMA) on post-incorporation obligations of registered companies, reports Festus Akanbi One cheering news from the World Economic...

  • Posted August 11, 2014
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