All posts by Ifreke Inyang

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  Vandalism: Refineries get crude oil through marine vessels

  Nigerian refineries currently get crude oil supply through marine vessels as opposed to the use of pipelines, the Nigerian National Petroleum Corporation has revealed. According to the corporation, the refineries had to change tactics as a result...

  • Posted July 29, 2014
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  2013 account: NAICOM approves 22 insurance firms

  As of July 25, only 22 firms had submitted and received approval from the National Insurance Commission on their 2013 financial accounts. The commission, which gave this indication, also threatened to take ‘regulatory actions’ against firms that...

  • Posted July 29, 2014
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  Engineers link poor service to substandard equipment

  Engineers in the telecommunication companies have linked the recent poor quality of service in the country to the installation of substandard equipment. Findings by our correspondent showed that two major national licensed operators were the biggest culprits...

  • Posted July 29, 2014
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  Makoju supports SON on cement standardisation

  The Chairman of Cement Manufacturers’ Association of Nigeria (CMAN), an arm of Manufacturers’ Association of Nigeria (MAN), Mr. Joseph Makoju, has clarified that the 42.5 cement grade has more superior efficacy over and above the 32.5 grade,...

  • Posted July 29, 2014
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  FG generates N4.03tn in six months

  A total of N4.03tn was collected as federal revenue within the first six months of the year, figures obtained from the Ministry of Finance on Friday had revealed. The amount was generated from two major revenue sources....

  • Posted July 28, 2014
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  CBN maintains status quo on rates as foreign reserves rebound

  A combination of rising foreign exchange reserves and the attendant expansion of the nation’s fiscal buffers informed the decision of the Monetary Policy Committee of the Central Bank of Nigeria (CBN) to retain existing monetary policy rates...

  • Posted July 28, 2014
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  Banking sector key to economic growth – Durosinmi-Etti

  Former Group Managing Director/Chief Executive Officer (GMD/CEO) of Skye Bank Plc, Mr. Kehinde Durosinmi-Etti, has said that the Nigerian banking industry has a crucial role in stimulating the growth of the economy. Durosinmi-Etti who said this in...

  • Posted July 28, 2014
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  Power sector investors give conditions to end lull in investment

  The various power sector investors that bought into the Federal Government’s power privatisation programme last year may have given fresh conditions before they end the current lull in investment in the sector. They were said to be...

  • Posted July 28, 2014
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  Poor patronage: Courier companies diversify into e-commerce

  As the number of companies rendering courier services in the country increase, many of the operators have resolved to diversify into e-commerce business. They say this will enable them to tap into the opportunities the Internet has...

  • Posted July 28, 2014
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  ICAN seeks framework to fast track budget passage, implementation

  Institute of Chartered Accountants of Nigeria (ICAN) has called for development of a framework that will fast track the passage and implementation of budgets in the country. “If we must develop as a nation, we need to revisit...

  • Posted July 27, 2014
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