All posts by Ifreke Inyang

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  Shareholders hail Nigerian Breweries’ performance

  Nigerian Breweries Plc yesterday received commendations from shareholders for  its impressive results for the 2013 financial  year and its merger plan with Consolidated Breweries Plc. Speaking at the 68th Annual General Meeting  of the company in Lagos,...

  • Posted May 16, 2014
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  Merchandise trade drops by N495bn – NBS

  The National Bureau of Statistics has said the country recorded a decrease of N495.3bn in total external merchandise trade from N5.658tn in the third quarter of 2013 to N5.162tn in the fourth quarter. In the trade report...

  • Posted May 16, 2014
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  Shell ties oil, gas sector’s survival to innovation

  As the global population rises, with more people moving out of poverty and gaining access to energy, the biggest oil and gas firm in the country, Shell, has insisted that countries need to take innovation in the...

  • Posted May 16, 2014
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  Labour condemns FG’s continuous spending on power sector

  The Federal Government’s continuous spending on the power sector has been described as very worrisome considering all the resources and activities that went into the sector’s privatisation process. The General Secretary, National Union of Electricity Employees, Mr....

  • Posted May 16, 2014
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  Nigeria to get $6bn nuclear plant in 2022 – Commission

  The Nigeria Atomic Energy Commission has revealed that the country will get a nuclear plant in 2022 at a cost of $6b dollars. The Director, Human Resources of the commission, Professor Simon Mallam, who stated this on...

  • Posted May 16, 2014
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  Higher food prices push inflation slightly to 7.9% in April

  Nigeria’s year-on-year Consumer Price Index (CPI) which measures inflation rose slightly to 7.9 per cent in April compared to 7.8 per cent the previous month, according to figures from the National Bureau of Statistics (NBS). The uptick...

  • Posted May 16, 2014
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  Diamond Bank to raise $250m equity capital

  Diamond Bank Plc plans to tap the equities market to raise between $200 million to $250 million following its debut Eurobond issue due to be priced today, its Chief Finance Officer, Abdulrahman Yinusa, told Reuters yesterday. Shareholders...

  • Posted May 15, 2014
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  Julius Berger to raise N7.5bn additional capital

  Leading construction firm, Julius Berger Nigeria (JBN) Plc is set to raise additional capital of N7.5 billion to boost its operations. The funds would be raised through any form of debt and or equity instrument by way...

  • Posted May 15, 2014
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  Fayose faults Ekiti N1.4bn dam contract

  The Peoples Democratic Party governorship candidate in Ekiti State, Ayodele Fayose, has described the newly awarded N1.4bn Ero Dam contract by Governor Kayode Fayemi as a means of siphoning state’s money to fund the governor’s re-election bid. Fayemi...

  • Posted May 15, 2014
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  Stakeholders hail Dangote’s contributions to stock market

  The Nigerian bourse recorded an increase of 1.02 per cent yesterday even as some market operators and shareholders hailed the announcement of the change in baton in the presidency of the Nigerian Stock Exchange (NSE). The Chairman...

  • Posted May 15, 2014
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