All posts by Ifreke Inyang

• 
  Investors in Africa look beyond negative headlines – World Bank

  Investors in Africa are increasingly able to see beyond negative headlines of violence in nations like South Sudan, Nigeria and Kenya, as they seek more protection against risk for their business ventures, a senior World Bank official...

  • Posted May 22, 2014
  • 0
• 
  NSE eyes more oil firms after Caverton listing

  Following the listing of Caverton Offshore Support Group on the Nigerian Stock Exchange on Tuesday, the Exchange says it expects more companies with operations in the oil and gas sector to list. The Chief Executive Officer, NSE,...

  • Posted May 22, 2014
  • 0
• 
  Non-implementation of VAT, stamp duty waiver angers shareholders

  One year and five months after the Finance ministry promised that it would waive Value Added Tax and stamp duty on capital market transactions; it has failed to keep its promise, leaving shareholders angry. The Minister of...

  • Posted May 22, 2014
  • 1
• 
  Electricity metering gap can’t be closed soon – NERC

  Power consumers that do not have meters and are on the estimated billing system will have to continue with the payment of ‘crazy bills’ as the Nigerian Electricity Regulatory Commission has said the metering gap in the...

  • Posted May 22, 2014
  • 0
• 
  CBN expresses concern over external reserves depletion

  The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday expressed concern over the drop in fiscal buffers, stating that the development had exposed the economy to vulnerabilities arising from both domestic and external shocks....

  • Posted May 22, 2014
  • 0
• 
  Lekoil acquires 40% interest in Otakikpo Field in Nigeria

  Lekoil Limited yesterday said Lekoil Oil and Gas Investments Limited, a subsidiary of Lekoil Nigeria Limited, had agreed to acquire a 40 per cent participating and economic interest in the Otakikpo Marginal Field, offshore Nigeria, from Green...

  • Posted May 22, 2014
  • 0
• 
  FG targets 30,000MW of renewable electricity in 10 years

  The federal government has disclosed a grand plan to supplement on-grid electricity generation and distribution across Nigeria with renewable energy sources like solar, hydro, wind and biomass. Minister of State for Power, Mohammed Wakil, disclosed this to...

  • Posted May 21, 2014
  • 1
• 
  Stock Market commences trading with 0.04% loss

  After recording a week-on-week performance of 1.10 per cent, following gains recorded in four trading sessions the previous week, the Nigerian equities market started the week on a poor note yesterday with a loss of 0.04 per...

  • Posted May 21, 2014
  • 0
• 
  FG begins performance audit of MDAs

  The Office of the Auditor-General of the Federation on Monday said it had begun the performance audit of the activities of the Ministries, Department and Agencies of government. The move, according to the Auditor-General of the Federation,...

  • Posted May 21, 2014
  • 0
• 
  Unilever assures shareholders of higher profitability

  The Chairman, Unilever Nigeria Plc, Chief Nnaemeka Achebe, has assured shareholders of the company that strategies are being put in place to ensure higher profitability that would lead to greater returns. He gave the assurance at the...

  • Posted May 21, 2014
  • 0