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All posts by Ifreke Inyang

  • CBN, NDIC disagree over banks’ supervision

    The Central Bank of Nigeria, Nigerian Deposit Insurance Corporation and other stakeholders on Monday failed to agree on who should have full control over the supervision of banks in the country and guarantee the safety of depositors’...

    • Posted July 10, 2014
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  • Power firms got N11bn from government in June

    The Federal Government last month disbursed over N11bn as settlements to market participants in the Nigerian electricity supply industry for the month of April. It said the disbursement was made through the new payment system, the Nigeria...

    • Posted July 10, 2014
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  • Shell’s Afam, Rivers power plants shut

    Shell’s Afam power plant and the Rivers Independent Power Project plant are currently down, making the peak electricity generation in the country to stay at 3,700 megawatts, according to findings by our correspondent on Tuesday. The power...

    • Posted July 10, 2014
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  • IFC commits $10m to fruit industry in Africa

    The International Finance Corporation (IFC), a member of the World Bank Group, and the private sector window of the Global Agriculture and Food Security Program (GAFSP) will each invest $5 million in Malawi Mangoes to support expansion...

    • Posted July 10, 2014
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  • CBN extends deadline on new capital requirement for BDCs

    The Central Bank of Nigeria (CBN) has extended the deadline given to Bureau De Change (BDC) operators in the country to comply with the new capital requirements for the industry. It fixed July 31 as the new ...

    • Posted July 9, 2014
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  • Bank customers in Lagos urged to enroll on BVN

    The Central Bank of Nigeria (CBN) in collaboration with the bankers’ committee has commenced the registration of bank customers in Lagos State on the Bank Verification Number (BVN) scheme. The CBN has therefore advised bank customers in...

    • Posted July 9, 2014
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  • FAAN to close Abuja Airport runway again

    The Federal Airports Authority of Nigeria on Tuesday announced that the runway of the Nnamdi Azikiwe International Airport will be closed again for another 30 hours in order to rehabilitate its remaining section.This is coming as the...

    • Posted July 9, 2014
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  • FG to unveil e-Government master plan in September

    The Minister of Communications Technology, Mrs. Omobola Johnson, yesterday in Abuja, said government had concluded plans to unveil a new e-Government Master Plan for all Ministries, Department and Agencies (MDAs), in September. According to her, the new...

    • Posted July 9, 2014
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  • DPR to begin electronic processing, issuance of service permits

    The Department of Petroleum Resources (DPR) is to commence electronic processing and issuance of statutory oil and gas industry service permits (OGISP), in line with initiatives of the agency to reposition and ensure enhanced service delivery. By...

    • Posted July 9, 2014
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  • Mainstreet Bank introduces shared service centre

    Mainstreet Bank Limited says it has completed the implementation of the first phase of its Group Shared Services project. Consequently, about 80 per cent of the lender’s banking operations across its over 200 branches have been automated....

    • Posted July 9, 2014
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