All posts by Ifreke Inyang

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  Nigeria, China seal pre-paid meters manufacturing deal

  A consortium of companies in Nigeria has sealed Memorandum of Understanding with some Chinese group of investors for the assembling and manufacturing of pre-paid power meters, and oil and gas pipes. The deal, consummated at the headquarters...

  • Posted March 27, 2014
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  Nigeria dominates Africa in Schneider Electric Competition

  Schneider Electric, the global specialist in energy management, has unveiled the 100 teams that qualified for the semi-finals of the Go Green in the City global student challenge. In the first year of Africa’s participation in the...

  • Posted March 27, 2014
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  New CBN boss vows stability, growth

  Nigeria’s new central bank chief on Wednesday vowed to ensure economic stability to create jobs and boost growth, as lawmakers approved his appointment after the controversial suspension of his predecessor. Zenith Bank boss Godwin Emefiele will replace...

  • Posted March 26, 2014
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  NSE moves to curb market infractions

  The Nigerian Stock Exchange has inaugurated the ‘X-Whistle’ initiative to curb the growing issues of market infractions. This, according to the Exchange, is part of the efforts aimed at strengthening corporate governance, curbing infractions and making the...

  • Posted March 26, 2014
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  IFC proposes $1.5bn annual investment in Nigeria

  The International Finance Corporation IFC), which is the  private sector arm of the World Bank, has unfolded plans to commence an annual investment of $1.5 billion in critical sectors of the Nigerian economy. The first tranche of...

  • Posted March 26, 2014
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  NIBSS, banks begin campaign on e-payment platforms

  The Nigeria Interbank Settlement Scheme is collaborating with banks in the country to begin an awareness campaign aimed at enlightening the public on the benefits of e-payment platforms. The NIBSS said the move was meant to encourage...

  • Posted March 26, 2014
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  Increase in CRR will reduce lending – Onasanya

  The Group Managing Director, First Bank of Nigeria, Mr. Bisi Onasanya, on Monday said the proposed increase in Cash Reserve Ratio on public sector funds from 75 to 100 per cent would reduce the amount money banks...

  • Posted March 26, 2014
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  Why international financiers shunned Nigeria’s power privatisation

  FIVE months after the privatisation of the Power Holding Company of Nigeria, PHCN’s assets, uncertainty and transparency issues have been identified as reasons why international financial institutions shunned the exercise. The Country Manager, AF Mercados, a specialist consulting and...

  • Posted March 26, 2014
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  Power generation drops by 963MW

  The erratic supply of electricity to homes and business premises in the last two weeks is as a result of the drop in power generation by about 963 megawatts as a result of gas supply constraints. The...

  • Posted March 26, 2014
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  Nigeria targets 500,000 tonnes of cocoa in 10 years

  The Federal Produce Inspection Service on Tuesday said that Nigeria planned to increase cocoa production to 500,000 tonnes in 10 years. A First Chief Control Officer of the service, Mr Israel Ikwejulor, made this known in an...

  • Posted March 26, 2014
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