All posts by Ifreke Inyang

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  SMEs, critical to tackling unemployment —Oteh

  The Director-General, Securities and Exchange Commission, Ms. Arunma Oteh, has said the nation cannot afford to ignore Small and Medium Enterprises, noting that the group is critical in tackling unemployment. She made this known during the 20th...

  • Posted May 3, 2014
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  Customs impounds contraband worth N279.2m from Zone C

  Nigeria Customs Service (NCS), Federal Operations Unit (FOU) Zone ‘C’, Owerri, Imo State impounded contraband worth N279. 2 million in the first quarter of the year. Describing the seizure as another major breakthrough, the zone said it...

  • Posted May 3, 2014
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  AMCON debt recovery hits 112%

  The Asset Management Corporation of Nigeria (AMCON) has recovered 112 per cent of its debt, its Managing Director/Chief Executive Officer, Mr. Mustapha Chike-Obi  said Wednesday. Speaking at a symposium organised by the Bank Directors Association of Nigeria...

  • Posted May 2, 2014
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  Access Bank to raise $1bn fresh capital

  Shareholders of Access Bank Plc Wednesday endorsed the plan by the bank to raise $1 billion to enhance its operations. The bank stated that the fund would be raised in tranches and time to be determined by...

  • Posted May 2, 2014
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  Nigerian Breweries records N14.7bn profit in three months

  Leading brewing firm, Nigerian Breweries Plc, has announced a profit before tax of N14.7 billion for the in the first quarter ended March 31, 2014, showing an increase of 8.3 per cent over the N13.59 billion recorded...

  • Posted May 2, 2014
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  Nigeria’s debt rises to N10.16tn

  The nation’s total debt stock rose by N2.63tn ($16.84bn) from N7.53tn ($48.36bn) in March 2013 to N10.162tn ($65.2bn) as of March 31, 2014, indicating a 34.93 per cent rise within a period of one year, data released...

  • Posted May 2, 2014
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  Mansard Insurance’s results excite shareholders

  Shareholders of Mansard Insurance Plc have lauded the board and management of the company for its impressive 2013 financial performance. The insurance firm ended the 2013 with 31 per cent growth in profit after tax and paid...

  • Posted May 2, 2014
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  Shell assets sale may take one year – CFO

  The Chief Financial Officer, Shell, Mr. Simon Henry, has said that the oil major  may not complete its sale of assets in Nigeria until 2015 while expressing fears that the coming general elections may complicate the transactions....

  • Posted May 2, 2014
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  NERC gives Discos condition for fixed charge collection

  Beginning from today (Thursday), electricity distribution companies nationwide must stop collecting fixed charges from consumers who do not get power supply for 15 days, the Nigerian Electricity Regulatory Commission has ordered. The NERC said it had resolved...

  • Posted May 2, 2014
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  Judiciary frustrating investors – Odu’a MD

  The Group Managing Director, Odu’a Investment Company Limited, Mr. Adebayo Jimoh, has accused the judiciary of frustrating the Federal Government’s efforts to drive the economy through Public-Private Partnership projects designed to entice foreign and local investors. Speaking...

  • Posted May 2, 2014
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