All posts by Ifreke Inyang

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  S&P lowers Nigeria’s sovereign credit outlook to negative

  Standard and Poor’s, one of the world’s leading financial and analytical credit rating agencies, has revised its outlook on Nigeria’s sovereign credit to negative from creditwatch Negative, citing continued infighting within the country’s ruling party which has...

  • Posted April 1, 2014
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  Nigeria loses $155bn to money laundering, fraud – Report

  The President, Lagos Chamber of Commerce and Industry, Mr. Ismail Bello, says a recent report indicated that Nigeria had lost $155bn to money laundering and other illegal outflows. This, he said, represented 19 per cent of the...

  • Posted April 1, 2014
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  Why Nigeria shunned EU/ECOWAS trade liberalisation agreement – FG

  The Federal Government has explained why it did not sign the trade liberalisation agreement being pushed forward by the European Union under the Economic Partnership Agreement with ECOWAS. The Minister of Industry, Trade and Investment, Mr. Olusegun...

  • Posted April 1, 2014
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  Dangote raises the bar with 3X cement

  In a new move to consolidate its competitive advantage, Dangote raised the bar last week by introducing ‘Dangote 3X Cement’, which is designed to give more value to the end users, as well as positioning the brand...

  • Posted March 31, 2014
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  Nigeria may lose top oil exporter status to Angola

  Following the recurrent theft of Nigeria’s crude oil and cases of vandalism, indications are the nation is set to loss its premier spot as top African exporter of crude oil to Angola in May, unless something happens soon....

  • Posted March 31, 2014
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  Analysts say naira still vulnerable despite CBN’s tight grip on rates

  In line with expectations of financial markets analysts, the Central Bank of Nigeria’s Monetary Policy Committee, at its last week’s meeting maintained its grip on Monetary Policy Rates (MPR) which was retained at 12 per cent, but...

  • Posted March 31, 2014
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  NMRC: FG plans N50bn bond, IFC to invest N40.8bn

  The Federal Government has disclosed plans to raise a N50 billion bond to augment the initial take off fund of the recently launched Nigeria Mortgage Refinancing Company (NMRC) in a bid to boost housing finance in the...

  • Posted March 31, 2014
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  We will provide a sound financial system – Emefiele

  Senate President David Mark: Godwin, you will be with us for so long because you are going to head an important institution. You can see the number of senators who want to ask you questions. We have...

  • Posted March 31, 2014
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  France renews investment drive in Nigeria, launches French-African Foundation for growth

  With the world increasingly seeing Africa as the preferred investment destination, France has launched the French-African Foundation for Growth, a new initiative designed to renew economic ties between the European nation and the African continent. The Foundation’s...

  • Posted March 31, 2014
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  Don’t expect regular power supply soon — Experts

  Experts in the power sector have predicted very slow capacity growth for the private sector-driven electricity industry. They also noted that this would disrupt the supply of electricity to consumers and advised them not to expect any...

  • Posted March 31, 2014
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