All posts by Ifreke Inyang

• 
  Audit delays dispensation of Investors Protection Fund — NSE

  The Nigerian Stock Exchange, NSE, has said that the delay in commencement of dispensation of the Investors Protection Fund, IPF, constituted two years ago, was due to an ongoing audit of the Fund. Mrs. Tinuade Awe, Head, Legal...

  • Posted August 3, 2014
  • 0
• 
  MTN Appoints Group COO, South Africa Head

  One of Africa’s biggest telecommunications operators, the MTN Group, said yesterday that it had appointed Zunaid Bulbulia as its new Group Chief Operating Officer, adding that Ahmad Farroukh would replace him as head of the company’s South...

  • Posted August 3, 2014
  • 0
• 
  Aviation agencies groan under inadequate funding, mismanagement

  The Nigerian Civil Aviation Authority (NCAA), the Federal Airports Authority of Nigeria (FAAN), the Nigeria Airspace Management Agency (NAMA) and the Nigeria Meteorological Agency (NIMET) are facing financial challenges that may affect their operations. Government is considering...

  • Posted August 3, 2014
  • 0
• 
  “Nigeria has housing deficit of over 18 million” – Maren

  Plateau State Commissioner for Housing and Urban Development, Solomon Maren, has disclosed that Nigeria currently has housing deficit of over 18 million, while Plateau has a deficit of 40,000 houses. Maren said it was for this reason...

  • Posted August 3, 2014
  • 1
• 
  Jonathan commends Dangote for investing $1bn in rice production

  President, Dangote Industries Limited, Aliko Dangote, on Friday announced that his company would invest $1billion in modern integrated rice projects and commercial rice farming in five Nigerian states. The Africa richest man disclosed this at the headquarters...

  • Posted August 2, 2014
  • 0
• 
  Lagos Government generates N120bn from tax in six months

  The Lagos State Internal Revenue Service (LIRS) yesterday said it generated more than N120 billion from taxation between January and June this year. This came as the Ogun State Government has equally disclosed that its monthly Internally...

  • Posted August 2, 2014
  • 0
• 
  Oil slips to $105 on weak demand

  Brent crude oil slips to $105 a barrel on Friday, as oversupply and low demand outweighed worries over political tensions in the Middle East, North Africa and Ukraine. Brent crude was $105.10, its weakest since July 15...

  • Posted August 2, 2014
  • 0
• 
  New metering strategy may push electricity revenue beyond N144bn annually

  In a move aimed at increasing the revenue generated from the electricity market in Nigeria, the Ministry of Power has transferred the control of metering facilities stationed at the electricity trading points across the country to Nigeria’s...

  • Posted August 2, 2014
  • 0
• 
  Oando ups oil production to 50kbpd with acquisition of ConocoPhillips

  Oando Energy Resources Incorporated (OER), a subsidiary of Oando Plc, yesterday announced a swift rise in its total crude oil production capacity from just about 4,500 barrels per day (bpd) to 50,000bpd following its acquisition of the...

  • Posted August 2, 2014
  • 0
• 
  Alade becomes FMDQ chair as Onasanya, Oduoza join board

  The Deputy Governor, Economic Policy, Central Bank of Nigeria, Dr. Sarah Alade, has been named Chair of FMDQ OTC Plc, replacing Mr. Aigboje Aig-Imoukhuede, who retired from the board at the company’s Annual General Meeting on Thursday....

  • Posted August 2, 2014
  • 0