All posts by Ifreke Inyang

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  FCMB Capital in $65m office complex finance deal

  FCMB Capital Markets Limited, the investment banking subsidiary of FCMB Group Plc, has announced a finance deal worth $65m of an office complex called the Heritage Place. A statement by the company on Thursday noted that the...

  • Posted March 29, 2014
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  Blame customs for rice smuggling, revenue loss – Minister

  The Minister of Agriculture, Dr. Akinwumi Adesina, on Thursday blamed the Nigeria Customs Service for the billions of naira the country was losing as a result of the Federal Government’s 100 per cent tariff regime on the...

  • Posted March 29, 2014
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  E-commerce attracts N8.25bn foreign investments

  Following the boom in online and e-commerce transactions in Nigeria, the sector is attracting a significant foreign investments as two of the leading players in the sector, Jumia and Konga  received $50 million (N8.25 billion) investments in...

  • Posted March 28, 2014
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  Dangote Cement rewards shareholders with N119bn dividend

  Leading cement manufacturing firm, Dangote Cement Plc, Wednesday unveiled a record financial performance for the year ended December 31, 2013. The company reported a revenue of N386.2 billion, up 29.4 per cent from N298 billion in 2012....

  • Posted March 28, 2014
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  First Bank introduces non-collateral loans for SMEs

  First Bank of Nigeria has introduced non-collateral loans for Small and Medium Enterprises. The bank said the move was meant to drive the growth of the SME sub-sector. The Head, SME Banking, Mr. Oluwafemi Akinfolarin, who spoke...

  • Posted March 28, 2014
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  Sterling Bank posts N9.3bn profit

  Sterling Bank Plc yesterday reported a net profit of N9.3 billion for the year ended December 31, 2013, showing an increase of 24 per cent compared with N7.5 billion reported in the 2012. The bank is rewarding...

  • Posted March 28, 2014
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  Delta debunks alleged misappropriation of N9bn excess crude fund

  The Delta State Government has debunked allegations that it mismanaged N9 billion excess crude funds released to the state in December 2012. Reacting to a purported press briefing by Hon. Dino Melaye, the Secretary to the State...

  • Posted March 28, 2014
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  Kaduna expresses commitment to SMEs

  The Kaduna State Government has expressed its determination to promote the establishment of medium and small scale industries to create jobs and fast track development. The state Commissioner for Commerce and Industry, Mr Joshua Uchissa gave the...

  • Posted March 28, 2014
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  Shell, NNPC assess options for $12bn NLNG expansion

  Shell Nigeria, Nigerian National Petroleum Corporation and other shareholders of the Nigerian LNG Limited are considering options that can be used to implement the expansion of the LNG facility estimated to cost $12bn. The Vice-President, Nigeria &...

  • Posted March 28, 2014
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  SEC targets top 20 spot by 2024

  The Securities and Exchange Commission says its target is to make the Nigerian capital market to be one of the top 20 markets in the world in the next 10 years. The Director-General, SEC, Ms. Arunma Oteh,...

  • Posted March 28, 2014
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