All posts by Ifreke Inyang

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  PenCom directors can’t own pension firms – Bill

  The Federal Government may bar all board members of the National Pension Commission and their relatives from having shares in Pension Fund Administrators and Pension Fund Custodians under the Contributory Pension Scheme, investigation has revealed. Sources at...

  • Posted June 27, 2014
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  Jonathan approves 3,050MW power plant for Taraba

  President Goodluck Jonathan has approved the construction of the 3,050 megawatts Mambilla power plant in Taraba State, the Minister of State for Power, Mr. Mohammed Wakil, has said. According to Wakil, the move by the President was...

  • Posted June 27, 2014
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  CMC moves to end era of unclaimed dividends

  The Capital Market Committee has intensified efforts to resolve all issues regarding unclaimed dividends in the country, the Director-General, Securities and Exchange Commission, Ms. Arunma Oteh, has said. According to her, the CMC is also working on...

  • Posted June 27, 2014
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  First Bank organises training on sustainability

  The Director, First Bank of Nigeria’s Sustainability Centre, Lagos, Dr. Chris Ogbechie, says it is time for companies, which contribute to economic growth, to be alive to their responsibilities if they plan to continue in business. He...

  • Posted June 27, 2014
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  Nigeria expresses intent to meet EU’s long term gas supply security

  The federal government yesterday stated its determination to meet the long-term gas supply security of the European countries. It said the move was part of measures of the expand the country’s gas market across veritable frontiers. The...

  • Posted June 27, 2014
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  Court asks SON to explain rationale for new cement grade

  A Federal High Court in Abuja yesterday said the Standards Organisation of Nigeria (SON) and the Ministry of Industry, Trade and Investment must come forward with an explanation to justify the newly-introduced cement grade, which they  wanted...

  • Posted June 26, 2014
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  Shell pays $70bn to FG in five years

  The Managing Director of Shell Petroleum Development Company (SPDC) and Country Chairman of Shell companies in Nigeria, Mr. Mutiu Sunmonu, has disclosed that the group contributed $70billion to the Nigerian coffer from 2009 to 2013. Briefing journalists...

  • Posted June 26, 2014
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  Capital market needs efficiency – Lemo

  For the Nigerian capital market to compete satisfactorily in the global space, it needs stronger structures and efficiency, a former Deputy Governor, Central Bank of Nigeria, Mr. Tunde Lemo, has said. According to Lemo, more work also...

  • Posted June 26, 2014
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  FCMB to raise $300m for consumer lending

  First City Monument Bank Group Plc (FCMB) said it plans to raise about $300 million of funding this year to boost consumer lending. FCMB, based in the commercial capital, Lagos, may consider issuing Eurobonds if market conditions...

  • Posted June 26, 2014
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  Exchange, BoA, Stanbic IBTC to float trading platform for commodities

  The Nigerian financial service sector will on July 10, 2014 witness the birth of a new trading platform distinct from those of the Nigerian Stock Exchange (NSE), FMDQ Plc and NASD Plc. The Nigeria Commodity Exchange (NCX),...

  • Posted June 26, 2014
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