All posts by Ifreke Inyang

• 
  Electricity consumers paying for investors’ losses — Source

  Electricity consumers are now paying for the technical losses being suffered by new power investors, investigation has revealed. A senior official in one of the electricity distribution companies, who asked not to be named, told Sunday PUNCH that over...

  • Posted April 14, 2014
  • 1
• 
  Diamond Bank declares N8.4bn profit for Q1

  Diamond Bank Plc has announced a profit after tax of N8.447bn for the first quarter of 2014. The amount represents a 34 per cent rise on the N6.289bn PAT it posted for the same period of 2013....

  • Posted April 13, 2014
  • 0
• 
  Coscharis to build auto assembly plant

  Coscharis Motors, renowned distributor of a wide range of automobiles has started preliminary works to build an auto assembly plant in Lekki, Lagos. The auto assembly plant, which will be part of its existing showroom and workshop...

  • Posted April 13, 2014
  • 0
• 
  FCT Minister signs agreement on N2.9trn Abuja Centenary City

  Minister of Federal Capital Territory (FCT), Senator Bala Mohammed has signed an agreement for the development of N2.9 trillion Abuja Centenary City in commemoration of the 100 years of Nigeria’s nationhood. The agreement was signed between the...

  • Posted April 13, 2014
  • 0
• 
  Elumelu calls for private sector integration in development

  The Chairman of Heirs Holdings, Mr. Tony Elumelu, has emphasised the need for the integration of the private sector as a full partner in global development , given the constraints on official development assistance in the current...

  • Posted April 13, 2014
  • 0
• 
  Rebased GDP: Analysts examine Nigeria, South Africa’s economies

  Economic and financial analysts have continued to examined the various economic indicators of Nigeria and South Africa, after a rebased Gross Domestic Product of the West African nation jumped to $510bn. Most of Nigeria’s 170 million people...

  • Posted April 13, 2014
  • 0
• 
  Naira rises to six-week high

  The naira rallied to its strongest level in almost six weeks as the Nigerian National Petroleum Corporation was sold dollars to the local market. Oil producers, the NNPC are the biggest source of the United States currency...

  • Posted April 13, 2014
  • 0
• 
  Chams records 115.3% growth in profit

  Chams Plc has released its financial results for full year 2013, posting a 115.3 per cent growth in its profit after tax for the period. According to the identity management and payments transaction company, its PAT rose...

  • Posted April 13, 2014
  • 0
• 
  Akanu Ibiam Airport International terminal to cost N11.6b

  The Supervising Minister of Aviation, Dr. Samuel Ortom has stated that the international terminal at the Akanu Ibiam Airport in Enugu would be completed by September next year. The terminal is being built by the Chine Civil...

  • Posted April 13, 2014
  • 0
• 
  Lagos plans competitive tariff policy on water

  The Lagos State Government is designing a tariff policy to enhance sustainable water supply in the state. The new policy, according to the State governor, Mr. Babatunde Raji Fashola, would be acceptable to all stakeholders in the...

  • Posted April 13, 2014
  • 0