All posts by Ifreke Inyang

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  Firms mull delisting from NSE over SEC’s heavy penalties

  Efforts to woo more small and medium enterprises (SMEs) to list on the  Nigerian Stock Exchange (NSE) are being threatened by penalties imposed  by Securities and Exchange Commission (SEC) on listed companies. THISDAY checks revealed that some...

  • Posted May 15, 2014
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  CIBN seeks passage of financial ombudsman bill

  The Chartered Institute of Bankers of Nigeria has called on the National Assembly to fast -track the legislative process on the Financial Ombudsman Bill in order to ensure its speedy passage. The Registrar, CIBN, Dr. Uju Ogunbunka,...

  • Posted May 15, 2014
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  Divestments by IOCs won’t lead to crisis – Government

  The recent spate of asset divestments by international oil companies operating in the country will not lead to crisis in the oil and gas sector, the Federal Government has said. Some industry observers and analysts have expressed...

  • Posted May 15, 2014
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  Savings strategy key to price stability – CBN

  The Central Bank of Nigeria has said that an efficient national savings strategy is important to creating price stability that will drive sustainable national growth and reduce the pressure on prices in the country. The Acting Governor,...

  • Posted May 15, 2014
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  CBN orders banks to destroy cards trapped in ATMs

  The Central Bank of Nigeria has directed Deposit Money Banks to henceforth destroy Automated Teller Machine cards trapped in their ATM terminals. The CBN also gave banks 24 hours to reverse debit entries arising from failed transaction...

  • Posted May 15, 2014
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  Kwara explains plan for N23bn bond

  The Kwara State government yesterday said it will spend N15.5 billion of the N23 billion bonds it intend to issue on the execution of capital projects across the three senatorial districts of the state. This, the government...

  • Posted May 15, 2014
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  NNPC, Transcorp Oil block deal excite shareholders

  The President of the Association for Advancement of the Rights of Nigerian Shareholders (AARNS), Dr.Faruk Umar, has said the production sharing contract (PSC) deal Transnational Corporation of Nigeria (Transcorp) signed with the  Nigerian National Petroleum Corporation (NNPC)...

  • Posted May 14, 2014
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  FSDH forecasts 7.8% inflation in April

  The FSDH Merchant Bank Limited has predicted that the Consumer Price Index (CPI) which is used to gauge the level of inflation in the country would remain year-on-year at 7.8 per cent in April. The CPI had...

  • Posted May 14, 2014
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  CBN laments rising cases of money laundering

  The Central Bank of Nigeria on Monday lamented the rising cases of financial crimes in the country, noting that the trend was raising serious concerns about the integrity of the financial system. The Acting Governor, CBN, Dr....

  • Posted May 14, 2014
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  FG approves new cement standard for building, construction

  After a fierce battle among stakeholders in the cement industry over the correct  standard of the product  to be enforced in the country to ensure its safe use for building and construction, THISDAY can authoritatively report that...

  • Posted May 14, 2014
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