All posts by Ifreke Inyang

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  Naira may depreciate further this year – DLM

  The Managing Director, Dunn Loren Merrifield Asset Management and Research Company, Mr. Tola Odukoya, says the naira faces further depreciation this year as the Central Bank of Nigeria continues to defend the local currency from the nation’s...

  • Posted April 22, 2014
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  Delay hits biometric registration exercise of bank customers

  Over two months after the inauguration of the biometric registration exercise by the Central Bank of Nigeria on behalf of the Bankers’ Committee, banks have yet to commence the registration of their customers. Investigation has shown that...

  • Posted April 22, 2014
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  Senate committee carpets discos over poor power supply

  Chairman, Senate Committee on Power and Metallurgy, Senator Philip Aduda, has expressed dismay over  the epileptic power supply in the country. He lamented that despite the completion of the privatisation of the power sector since 2013, Nigerians...

  • Posted April 22, 2014
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  Nigerian Equities Market rises N4.5tn in three years under Onyema

  The Nigerian equities market has appreciated by N4.531 trillion in the last three years since the Nigerian Stock Exchange (NSE) management led by Oscar Onyema took over in April 2011. Onyema assumed office as the chief executive...

  • Posted April 22, 2014
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  CBN to Holding Companies: Maintain controlling interest in subsidiaries or lose license

  Any financial Holding Company (HoldCo) that loses controlling interests in its banking subsidiaries will have its license cancelled by the Central Bank of Nigeria (CBN). This is one of the highlights of new restrictions imposed on HoldCos...

  • Posted April 21, 2014
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  Oil companies must conform with global best practices – Anyanya

  Chairman of the National Oil Spills Detention and Response Agency, Major Lancelot Anyanya, spoke with Abimbola Akosile on the agency’s engagement among stakeholders in the oil and gas industry to prevent oil spills and enhance the quality...

  • Posted April 21, 2014
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  Gambia to give incentives to Nigerian investors

  The Director-General, The Gambia Tourism Board, Mr. Benjamin Roberts, has said his country will be offering a range of incentives to Nigerian investors. Roberts, in a statement on Friday, said though the country is known as West...

  • Posted April 21, 2014
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  Stakeholders, Labour kick against merger plan

  A fortnight ago, the Federal Government announced it would merge three aviation agencies to make them more productive, but industry stakeholders and labour unions unanimously condemned the plan, which they believe would be injurious to the industry....

  • Posted April 21, 2014
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  Higher oil prices, FX Market stability raise prospect of Nigeria’s economy

  Still basking in the euphoria of the rebased Gross Domestic Product (GDP) which placed it at the forefront of the economies on the African continent, there are indications that the Nigerian economy is in for a big...

  • Posted April 21, 2014
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  NAC, BOI establish prototype mechatronics centres

  In line with the Federal Government’s new automotive policy, the Bank of Industry, in partnership with the National Automotive Council, has embarked on the establishment of six prototype mechatronics centres. Acting Managing Director, BOI, Mr. Waheed Olagunju,...

  • Posted April 21, 2014
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