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All posts by Ifreke Inyang

  • CBN steps up financial literacy campaign

    The Central Bank of Nigeria (CBN) yesterday commenced its two-day financial literacy campaign in Ibadan for residents in Oyo State. The bank said it had identified the need for virtually all bank customers to be abreast of...

    • Posted June 19, 2014
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  • Diamond Bank applies to raise N50.37bn through rights issue

    Diamond Bank Plc last week submitted an application to the Nigerian Stock Exchange (NSE) to raise about N50.374 billion via a rights issue  as part of the bank’s capital raising exercise. Shareholders of the financial institution had...

    • Posted June 18, 2014
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  • ATM errors: CBN orders banks to refund monies to customers

    The Central Bank of Nigeria (CBN) has directed all deposit money banks (DMBs) in the country to return all monies in their possession as a result of Automated Teller Machines’ (ATMs’) non-dispense or partial dispense errors to...

    • Posted June 18, 2014
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  • FG, US consortium sign MoU for 400MW plant

    The Federal Government on Monday signed a Memorandum of Understanding with a United States of America consortium, Team Africa, for the construction of a 400-megawatt power plant in Bayelsa State. The Minister of State for Power, Mr....

    • Posted June 18, 2014
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  • PayPal expands payment services to Nigeria, 9 other market

    PayPal is set to enter Nigeria and nine new countries this week. A total of 80 million internet users stand to gain access to PayPal global services. They include those in five European markets – Belarus, Macedonia,...

    • Posted June 18, 2014
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  • Interswitch launches transport solution at MMA2

    Interswitch Transnational, one of the leading pan-African integrated payments companies, has launched its new SmartMove solution at Murtala Muhammed Airport Terminal 2 (MMA2). Interswitch said in a statement that SmartMove has been deployed at the airport as...

    • Posted June 18, 2014
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  • Delegates urge Jonathan to declare emergency in power sector

    Delegates at the ongoing National Conference on Monday in Abuja voted that President Goodluck Jonathan should declare a state of emergency in the nation’s power sector to complement the efforts of the late President Umaru Yar’Adua. They...

    • Posted June 18, 2014
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  • Suspending new power tariff will kill sector – NERC

    The Chairman, Nigerian Electricity Regulatory Commission, Dr. Sam Amadi, has raised the alarm that any attempt made to suspend the planned review of the electricity tariff regime will result in the death of the power sector. Amadi...

    • Posted June 18, 2014
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  • Solid minerals sector to receive more funds – RMAFC

    The Revenue Mobilisation Allocation and Fiscal Commission has pledged more funding for the development of the solid minerals sub sector of the Nigerian economy. The Chairman of the commission, Mr. Elias Mbam, made the pledge in Abuja...

    • Posted June 18, 2014
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  • Bread, meat prices push inflation to 8% – NBS

    The National Bureau of Statistics on Monday released the Consumer Price Index for the month of May, stating that increases in the prices of bread, meat and cereals had pushed up the country’s inflation rate to eight...

    • Posted June 18, 2014
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