All posts by Ifreke Inyang

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  Wema Bank gets $70m loans from foreign banks

  Wema Bank has secured $70m facilities from foreign correspondent banks and Development Finance Institutions to support its operations. Over $50m of the loans came from the bank’s foreign correspondent banks while the remaining $20m was from Development...

  • Posted July 8, 2014
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  Nigeria adds 11 non-oil products to export list

  In line with the Federal Government’s efforts at diversifying the economy, the Nigerian Export Promotion Council said 11 more products had been added to the non-oil products that the country exported to the global market between 2013...

  • Posted July 8, 2014
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  Firm boosts implementation of CBN’s IT standards

  Nihilent Nigeria, a global consulting and solutions integration company, says it has boosted the implementation of the Information Technology standards the Central Bank of Nigeria requires from financial institutions and companies. CBN had mandated banks to adopt...

  • Posted July 8, 2014
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  Fidelity unveils solution for Verve, MasterCard users

  In a bid to boost customers’ confidence, Fidelity Bank Plc has unveiled a security solution which would protect the bank’s Verve and MasterCard users. The bank explained in a statement that the solution is applicable to all...

  • Posted July 8, 2014
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  Power output declines to 3400MW in June

  A combination of persistent gas shortage and a regime of inadequate transmission infrastructure has continued to depress power generation and supply as power output from the national grid shed 10.52 per cent in June with an average...

  • Posted July 7, 2014
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  NSE fines 13 companies N23.3m for late filings

  The Nigerian Stock Exchange has imposed a fine of N23.3m on 13 listed companies for failing to file their financial statements within the stipulated period. The NSE said the fine was imposed on the companies this year...

  • Posted July 7, 2014
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  Pension operators target $100bn by 2020

  Pension funds operators are targeting $100bn assets by 2020, which is an increase of 300 per cent over the $25bn currently under their management. The Managing Director, ARM Pension Managers (PFA), Mr. Sadiq Mohammed, said this during...

  • Posted July 7, 2014
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  More endorsements for CBN’s clampdown on BDCs

  Amidst the report that certain bureau de change operators may have been wiring funds to the various terrorist cells in the country, in addition to the depletion which their insatiable demand for forex is causing the nation’s...

  • Posted July 7, 2014
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  Regulator beams searchlight on ports operators, axes shipping companies

  Nigerian Shippers Council (NSC), in its new function as Ports Commercial Regulator last week, slashed shipping charges  at the ports  by 50 per cent, a development that appears to have put  affected  stakeholders and others on their...

  • Posted July 7, 2014
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  Performance is higher in companies with women board members — Oteh

  The Director-General, Securities and Exchange Commission, Ms. Arunma Oteh, in this interview with IFEANYI ONUBA speaks on issues affecting the capital market You recently said SEC would work with Corporate Affairs Commission on some regulations as it concerns having more...

  • Posted July 7, 2014
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