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All posts by Ifreke Inyang

  • NCC to license another frequency spectrum in the 3.5 GHz band

    Following the successful auction of the remaining 30MHz spectrum in the 2.3 GHz band in February this year,  the Nigerian Communications Commission (NCC) has concluded fresh arrangement to license another available frequency slot in the 3.5 GHz...

    • Posted April 11, 2014
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  • MoneyGram partners Diamond Bank on fund transfer

    MoneyGram has announced the commencement of a partnership with Diamond Bank Plc to provide premium money transfer service at strategic locations in the country. Speaking on behalf of Diamond Bank Plc, the bank’s Executive Director, Retail Banking,...

    • Posted April 10, 2014
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  • Skye Bank records N17bn profit

    Skye Bank Plc has announced a profit before tax of N17.136 billion for the financial year ended December 31, 2013. The amount represents an increase of 3.79 per cent over the N16.510 billion recorded in the corresponding...

    • Posted April 10, 2014
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  • NB Plc’s shareholders to enjoy higher dividends

    Shareholders of Nigerian Breweries Plc will continue to enjoy robust dividend payment going forward, the  Finance Director of the company, Mr. Jasper Hamaker, said Tuesday. Speaking at the Pre-Annual General Meeting of media briefing in Lagos, Hamaker...

    • Posted April 10, 2014
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  • World Bank okays $140m loan for Nigerian communities

    The World Bank has approved $140m additional support for community development in Nigeria. A statement issued by the bank on Tuesday said 26 states were to benefit from the project, which will focus on the most vulnerable...

    • Posted April 10, 2014
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  • Adelabu assumes duty as CBN Deputy Governor

    Two weeks after his confirmation by the Senate, Mr. Adebayo Adelabu on Wednesday formally assumed his new role as the Deputy Governor of the Central Bank of Nigeria. The development was confirmed by a statement by the...

    • Posted April 10, 2014
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  • Nnaji, stakeholders decry poor state of power infrastructure

    A former Minister of Power, Professor Barth Nnaji and some of the new owners of the distribution companies, Tuesday, declared that Nigeria’s power generating facilities are obsolete and unreliable. They however, suggested embedded generation as short-term solution...

    • Posted April 10, 2014
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  • Kaduna residents accuse refinery of pollution

    Some residents of Tsaunin Kura GRA, Unguwan Bulus, Kantin Aga and Unguwan Matari in Kaduna State have expressed worry over poisonous substances being emitted from the Kaduna Refining and Petrochemical Company. The residents complained that the pollution was...

    • Posted April 10, 2014
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  • Stanbic, Rencap, Cordros lead on Nigerian Bourse

    Stanbic IBTC Stockbrokers Limited led the top 10 stockbroking on the Nigerian bourse for the first quarter ended March 31, 2014.  While the top 10 broking firms accounted for 61.2 per cent of the value of transactions...

    • Posted April 10, 2014
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  • Outrage greets Arik’s apology to suffocating passengers

    The management of Arik Air has described passengers who protested the 55-minute suffocation onboard its airplane on March 31, as “unruly.” The passengers,  including R&B artiste Banky W, who were travelling from Lagos to New York aboard...

    • Posted April 10, 2014
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