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All posts by Ifreke Inyang

  • Cashless policy goes nationwide today

    The cashless policy, an initiative of the Central Bank of Nigeria (CBN) and the Bankers’ Committee aimed at reducing the amount of cash in the system will be extended to 30 more states in the country from...

    • Posted July 1, 2014
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  • Loan growth in Nigeria is muted – Chike-Obi

    Contrary to popular concerns that Nigeria’s financial services industry is experiencing another round of loan growth, which may lead to increased non-performing loans, the Managing Director of the Asset Management Corporation of Nigeria (AMCON) has said that...

    • Posted July 1, 2014
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  • UACN, Ashaka Cement join indices as NSE review indicators

    The Nigerian Stock Exchange (NSE) last Friday announced the results of the biannual review for the NSE 30, NSE Lotus Islamic Index (NSE LII) and the five sectoral indices of the exchange. The sectoral indices are the...

    • Posted July 1, 2014
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  • Dangote’s Cameroon cement plant to commence operation August

    The Dangote Cement Cameroon S.A. will become operational in August, the management of the company has said. The cement factory will begin production with capacity for one million metric tonnes, which will to be expanded to 1.5...

    • Posted July 1, 2014
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  • $200m power plant underway in Sapele

    The Nigeria Bulk Electricity Trading Plc (NBET) has received from Nigerian Electricity Regulatory Commission (NERC), the names of Proton Energy amongst others who are being considered for power purchasing agreement licences. This move is part of the...

    • Posted July 1, 2014
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  • Analysts support new capital requirements for BDCs

    Financial market analysts have expressed their support for the new capital requirements for bureau de change (BDCs) that was recently announced by the Central Bank of Nigeria (CBN). According to them, the policy would in the long...

    • Posted July 1, 2014
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  • IPMAN to invest $3bn in two refineries

    The Independent Petroleum Marketers Association of Nigeria has said it is planning to invest $3bn in building two refineries in Bayelsa and Kogi states. The President, IPMAN, Mr. Chinedu Okoronkwo, said this during a visit of the...

    • Posted July 1, 2014
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  • Are urges banks to offer long-term loans

    The Chairman, Kakanfo Inn and Conference Centre, Dr. Lekan Are, has called on financial institutions to offer long-term lending as well as reduce interest rate. He said that such measures would promote development and business growth in...

    • Posted July 1, 2014
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  • Starcomms, Intercellular, others face extinction

    Fixed telephony faces extinction as several operators of the system are listed as inactive, EVEREST AMAEFULE reports There are indications that fixed telephony may be wiped out from the telecommunications landscape of the country as fixed telecommunications operators lost...

    • Posted July 1, 2014
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  • Nigeria ripe for digital broadcasting – Nweke

    The Director-General, Nigerian Economic Summit Group and former Minister of Information, Mr. Frank Nweke Jnr, talks about the prospects and challenges of digital broadcasting in this interview with OZIOMA UBABUKOH There has been much talk of digital migration in...

    • Posted July 1, 2014
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