All posts by Ifreke Inyang

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  NSE, CBI to launch Corporate Governance Rating System

  The Nigerian Stock Exchange (NSE) has concluded arrangements with the Convention for Business Integrity (CBI) to launch the foremost Corporate Governance Rating System (CGRS) in Nigeria. The CGRS will be launched in Lagos today. The NSE, in...

  • Posted October 21, 2014
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  Banks’ non-performing loans now N400bn

  Deposit Money Banks in the country recorded an increase of N56.31bn in their non-performing loans at the end of August, the Central Bank of Nigeria has said. According to the CBN, the banks’ NPLs increased by 16.36...

  • Posted October 21, 2014
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  Oil firms’ listing: FG may lose huge tax revenue

  The proposed ‘Private Companies Conversion and Listing Bill’ may lead to loss of tax revenue for Nigeria, an expert has warned. A Partner and Head of Tax and Corporate Advisory at PricewaterhouseCoopers (PwC) Nigeria, Mr. TaiwoOyedele who...

  • Posted October 21, 2014
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  FCMB launches MasterCard Reward Scheme

  First City Monument Bank (FCMB) Limited has commenced a special offer to reward customers who use their debit MasterCard for cash withdrawals, purchases or online payments within and outside Nigeria, with cash and unique gift items such...

  • Posted October 21, 2014
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  Africa needs investment more than aid – Dangote

  The President of Dangote Group, Aliko Dangote, has said that Africa needs more investments than aid from developed economies. Describing Africa as a blessed continent with numerous natural resources, he said what Africa needed now was trade...

  • Posted October 21, 2014
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  Falling oil prices pose challenges for Nigeria – Emefiele

  The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, has said the current decline in crude oil prices globally presents some risks to the country. Global oil prices are down around 25 per cent to $86 per...

  • Posted October 21, 2014
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  DMO urges FG to introduce luxury tax

  The Debt Management Office has called on the Federal Government to introduce special taxes on luxury items to enable the country to generate enough revenue that will enable it have more borrowing space. The Director-General, DMO, Dr....

  • Posted October 21, 2014
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  ARM, others lead financing for $1bn power plant

  Asset & Resource Management Company, one of the co-developers and equity sponsors of the $1bn Azura-Edo Independent Power Plant, says the financing of the project is a model for similar ones. ARM’s investment in the 450-megawatt Azura...

  • Posted October 21, 2014
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  Oriental Energy refutes Afren’s allegations of illegal payments

  Energy Resources Limited, the 60 per cent equity owner of the Ebok and Okwok oilfields offshore Nigeria, has described as false and defamatory, a statement by the United Kingdom-listed Afren Plc on the results of the independent...

  • Posted October 21, 2014
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  We are stabilising the economy – Okonjo-Iweala

  The Conference of the National Council on Finance and Economic Development (NACOFED) has said the significant fall in global oil prices and oil production hiccups in the domestic affairs have had adverse impact on the revenue stream...

  • Posted October 20, 2014
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