All posts by Ifreke Inyang

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  Lekki-Ikoyi bridge toll to continue pending appeal – Court

  A Federal High Court, Lagos, which declared toll collection on Lekki-Ikoyi bridge illegal, has ordered a stay of execution of the judgment. Justice Saliu Saidu, in a ruling on Friday, granted the application for stay of execution...

  • Posted April 26, 2014
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  Power sector monthly invoiced revenue averages N23bn – PTFP

  The Presidential Task Force on Power (PTFP) yesterday stated that the total monthly invoiced revenue generated from exchanges in power generated in the electricity sector now averages about N23 billion. PTFP however noted that the monthly revenue...

  • Posted April 26, 2014
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  Diamond Bank, Airtel partner NACC to boost economy

  Diamond Bank Plc, Airtel, and Mutual Benefits Assurance are partnering the National Association of Cooperative Consultants (NACC) to boost small scale businesses in Nigeria with the pilot project kicking off in Oyo, Osun, Ondo, Ekiti, Ogun, Kwara...

  • Posted April 25, 2014
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  Dangote, Okonjo-Iweala on Time’s 100 most influential list

  Africa’s wealthiest man, Aliko Dangote, and the Minister of Finance, Dr. Ngozi Okonjo-Iweala, have been named among the 100 most influential persons on earth by the Time Magazine. Microsoft Founder and Co-Chair, Bill and Melinda Gate Foundation, Mr. Bill...

  • Posted April 25, 2014
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  Operators lose business over extended SIM card ban

  The ban on sales of SIM cards imposed on MTN, Airtel and Globacom by the Nigerian Communications Commission (NCC) has become a great source of worry to the operators who are currently losing huge sum of money...

  • Posted April 25, 2014
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  Brokers harps on patronage of Capital Market

  The Chartered Institute of Stockbrokers (CIS) has restated the importance of the nation’s capital market to development and growth of the Nigerian economy. The President of The institute, Mr. Ariyo Olushekun, who stated this in an interview...

  • Posted April 25, 2014
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  FBN Capital may fund IOCs asset divestment

  The Managing Director/Chief Executive Officer, FBN Capital, Mr. Kayode Akinkugbe, has said the company hopes to play a role in arranging finances in the ongoing oil and gas asset divestment by International Oil Companies operating in the...

  • Posted April 25, 2014
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  FEC approves $152.12m AfDB loan

  The Federal Executive Council (FEC) Wednesday gave the approval for a loan of $152.12 million and a grant of $385,000 from the African Development Bank (AfDB) to support the agricultural transformation agenda of the federal government. Briefing...

  • Posted April 25, 2014
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  Union Bank grows full year profit by 217%

  Union Bank of Nigeria Plc (UBN) Wednesday reported an increase of  217 per cent in profit after tax (PAT) for the year ended December 31, 2013.  UBN  recorded  gross earnings of N121 billion, up marginally by four...

  • Posted April 25, 2014
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  Naira rises against dollar

  The naira rose against the dollar on Wednesday as Chevron’s local unit sold the United States currency and offshore funds bought local debt, foreign exchange market dealers said. According to a Reuters report, the naira traded 0.34 per cent...

  • Posted April 25, 2014
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