All posts by Ifreke Inyang

• 
  Major monetary policy shift ruled out at MPC meeting

  Nigerian monetary policy will tomorrow enter a crucial stage in the tenure of the Acting Governor of the Central Bank of Nigeria, Mrs. Sarah Alade, as members of the apex bank’s Monetary Policy Committee converge on Abuja...

  • Posted May 19, 2014
  • 0
• 
  Analysts weigh implications of Caverton’s entry into Capital Market

  The listing of 3.35 billion shares at N9.50 per unit of Caverton Offshore Support Group on the Nigerian Stock Exchange (NSE) on Tuesday will help the company not only to develop its business model but to also...

  • Posted May 19, 2014
  • 0
• 
  FG to support broadband with N1.5bn

  The Federal Government will provide subsidy to telecommunications operators to enable them to roll out 20,000km of optic fibre cable in underserved areas of the country between 2014 and 2015. The Minister of Communication Technology, Mrs. Omobola...

  • Posted May 19, 2014
  • 0
• 
  Banks panic over power firms’ loans

  Some of the recently privatised power firms may not be able to meet their loan obligation to the banks that financed the privatisation process following losses being recorded in their operation, top industry sources have said. The...

  • Posted May 19, 2014
  • 0
• 
  NCS implements new vehicle import tarrif

  The Tin-Can  Command of the Nigerian Customs Service says it has started implementing the 35 per cent duty on imported vehicles as directed by the Federal Government. In a statement signed by the command’s Public Relations Officer,...

  • Posted May 19, 2014
  • 0
• 
  AEPB spends N3.6bn on waste stations, trucks

  The sum of over N3. 6 billion has been expended by the Federal Capital Territory Administration on the construction of three solid waste transfer stations. The Acting Director of the Abuja Environmental Protection Board (AEPB) Mrs. Aishat...

  • Posted May 19, 2014
  • 0
• 
  New domestic airline to cut airfares

  A new entrant to the crisis-ridden domestic airline industry, Azman Airlines, on Thursday commenced operations with a promise to cut airfares in order make air travel affordable to many. The airline said it was beginning air services...

  • Posted May 18, 2014
  • 0
• 
  Nigeria to stop exporting raw materials – NEPC

  The Executive Director and Chief Executive Officer, Nigeria Export Promotion Council, Mr. Olusegun Awolowo, has said Nigeria will soon take a decision about stopping the export of raw materials. According to him, the decision will increase the...

  • Posted May 18, 2014
  • 1
• 
  Cash-less policy: PoS transactions rise to N24bn

  The Central Bank of Nigeria said that the Point-of-Sale transactions rose from N99.6m in January 2012 to N24bn as of April 2014. It noted the PoS deployment had also increased from 5,000 in 2010 to 153,167 as...

  • Posted May 18, 2014
  • 0
• 
  Toyota Nigeria’s MD steps aside

  The Managing Director of Toyota (Nigeria) Limited (TNL), Mr. Chandrasheker K. Thampy stepped aside in a recent management restructuring, the company has said. The company, in a statement said, “He, however, remains a member of the board...

  • Posted May 18, 2014
  • 0