All posts by Ifreke Inyang

• 
  Nigerian Bourse attracts N281bn investment in Q1

  Nigerian equities has attracted N281.602 billion invested in 29.297 billion shares traded in 326,334 deals in the first quarter of the year, according statistics  obtained by THISDAY. The statistics showed that investors made the highest investment of...

  • Posted April 3, 2014
  • 0
• 
  2 Nigerians, 3 others win $25,000 in Google’s ‘Africa Connected’ competition

  Google Wednesday announced the five winners of the Africa Connected competition at an event  held in Nairobi, Kenya. The winners will bag $25,000 each, and will also have the opportunity to work with a Google sponsor over...

  • Posted April 3, 2014
  • 0
• 
  Crisis rocks Lagos Internal Revenue Service

  The Lagos Internal Revenue Service, LIRS, is currently embroiled in crisis as staffs of the agency are calling on Governor Babatunde Fashola to remove the Chairman of the organization, Tunde Fowler. Fowler was said to have resigned...

  • Posted April 2, 2014
  • 1
• 
  Ikeja Disco to inject N600m for improved power supply

  In a move to ensure customers’ satisfaction, the Ikeja Electricity Distribution Company (IKEDC) has pledged to inject about N600 million to improve electricity supply through ongoing projects within its network. The Managing Director and Chief Executive Officer...

  • Posted April 2, 2014
  • 0
• 
  Oando, Conoco Phillips deal: DPR accuses parties of using arm-twisting tactics

  The Department of Petroleum Resources (DPR) Monday faulted the alleged claims by indigenous oil and gas firm, Oando Plc, that its planned acquisition of the business interests of the United States firm, ConocoPhillips (COP), was being threatened...

  • Posted April 2, 2014
  • 0
• 
  FG abandons cassava, wheat composite flour policy

  Having faced stiff resistance from strong interest groups in the wheat importing and processing industry, THISDAY has learnt that the federal government may have abandoned the cassava inclusion policy and are allowing it to die quietly. The...

  • Posted April 2, 2014
  • 0
• 
  World Bank assesses Nigeria’s electricity, job needs

  The Vice President, World Bank and Chief Operating Officer, Multilateral Investment Guarantee Agency, Mr. Michel Wormser, arrived Nigeria on Monday to assess the country’s needs in a bid to help it to mobilise funds for the power...

  • Posted April 2, 2014
  • 0
• 
  Transcorp targets N30bn profit in 2014

  The Chief Executive officer of Transnational Corporation of Nigeria (Transcorp), Mr. Obinna Ufudo, yesterday told shareholders that the company is targeting a profit before tax of N30 billion. Ufudo stated this while responding to questions by the...

  • Posted April 2, 2014
  • 0
• 
  Nigeria, others lose $60bn yearly to illicit financial flows – Mbeki

  Former South African President, Thabo Mbeki, has said that African countries lose between $50 billion and $60 billion annually through illicit financial flows (IFF). The News Agency of Nigeria (NAN) quoted Mbeki to have said this in...

  • Posted April 2, 2014
  • 0
• 
  Wema Bank divests from GNI

  WEMA Bank Plc on Monday said it had divested its majority stake in Great Nigeria Insurance Plc. A statement by the bank quoted the bank’s Head, Brand Management and Research, Mr. Tunde Lawanson, as stating this. Lawanson...

  • Posted April 2, 2014
  • 0