All posts by Ifreke Inyang

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  CBN explains directive on trapped ATM cards

  The Central Bank of Nigeria (CBN) Thursday shed more light on its directive to banks to render payment cards trapped in their Automated Teller Machines (ATMs) ineffective by perforating them before returning same to the issuing bank....

  • Posted May 18, 2014
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  Consolidated Breweries’ shareholders approve N917m dividend

  Shareholders of Consolidated Breweries Plc  Friday approved the  N917.732 million recommended by the board for year ended December 31, 2013. The dividend translated into N1.85 per share for the  shareholders whose names on  the register of  the...

  • Posted May 18, 2014
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  Dangote Sugar records 5.6% rise in PAT

  Dangote Sugar Refinery Plc has declared a profit after tax of N4.274bn for the three-month period ended March 31, 2014. The figure represents a 5.62 per cent increase on the N4.047bn the company posted for the corresponding...

  • Posted May 18, 2014
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  Operators project six million international passengers in 2014

  Passenger movement for international air travel has been projected to rise to six million from over four million recorded in 2013. The factor adduced to the massive leap include the growth of Nigeria’s economy in the last...

  • Posted May 18, 2014
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  Nigeria’s commodity market defies rational economic principles – Owofemi

  The Managing Director of Multi-Trex Integrated Foods Plc, Mr. Dimeji Owofemi, who spoke with journalists recently, says by not creating the right environment for private enterprises, the government is giving incentive to laziness. AKINPELU DADA was there How would say...

  • Posted May 18, 2014
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  PAN resumes operation in Nigeria in June

  Managing Director and Chief Executive of Peugeot Automobile Nigeria (PAN), Alhaji Ibrahim Boyi, yesterday in Abuja stated that the company would resume operations in the country next month. Boyi dropped the hint when he led the management...

  • Posted May 18, 2014
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  Gas price, electricity tariff may increase – FG

  The price of gas to power plants in Nigeria may be increased in the nearest future and this may lead to a total review of electricity tariffs across the country, the federal government has said. It said...

  • Posted May 17, 2014
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  Monthly revenue declines as FG, States, LGs share N634.7bn in April

  Production hiccups including shut ins at the qua Iboe and Yoho Terminals as well as the shut down of Forcados and Bonny Terminals have lowered gross crude oil revenue receipts to about N584.15 billion in April compared...

  • Posted May 17, 2014
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  FG issues N70bn bonds amid strong demand

  The Federal Government has issued a three-year and a 10-year bond to domestic pension and offshore funds, raising N70bn ($431m) at yields lower than at its previous auction in April, the Debt Management Office said on Thursday....

  • Posted May 17, 2014
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  65% of registered tax payers failed to file returns in two years – FG

  About 65 per cent of eligible tax payers have failed to file their returns to the relevant tax authorities in the past two years, according to the Coordinating Minister for the Economy and Minister of Finance, Dr....

  • Posted May 17, 2014
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