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All posts by Ifreke Inyang

  • SEC estacode scandal: Appeal Court frees Rep, Hembe

    The Court of Appeal, Abuja Division, on Friday freed a former chairman of the House of Representatives Committee on Capital Market, Mr. Herman Hembe, saying he had no case to answer in corruption charges filed against him...

    • Posted March 15, 2014
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  • Oil discovery in Chad Basin is achievable – FG

    The federal government Thursday in Abuja said that oil discovery in the Nigerian sedimentary basin in Chad was achievable. The Executive Secretary of the Petroleum Technology Development Fund (PTDF), Dr. Oluwole Oluleye, gave the assurance at an...

    • Posted March 15, 2014
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  • Stakeholders proffer ways to drive Onitsha River Port

    Stakeholders in the maritime sector of the economy have proffered measures to drive Onitsha River Port, Anambra State. Since its formal opening by President Goodluck Jonathan over three years ago, the Onitsha River Port have not been...

    • Posted March 14, 2014
    • 0
  • CBN imposes N10m fine for use of unlicensed e-payment solutions

    The Central Bank of Nigeria (CBN) has said that banks that use unlicensed third party electronic payment solution will pay a fine of N10 million. This was part of the regime of sanctions contained in the guidelines...

    • Posted March 14, 2014
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  • Nigerian oil firms to raise $1bn for expansion

    Two Nigerian oil and gas companies have announced plans to raise about $500m each to expand their operations, making a total of $1bn. A Nigerian upstream independent firm, Seplat Petroleum Development Company, said in a Similarly, Japaul...

    • Posted March 14, 2014
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  • FBN to design non-collateral loan product

    Concerned by the challenge of access to finance in the country, First Bank of Nigeria Limited has said it would soon launch a system that would ensure that its customers access loans without collateral. Specifically, the bank...

    • Posted March 14, 2014
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  • Aregbesola empowers 200 women with N5.2m through QIIP programme

    Osun State Governor, Ogbeni Rauf Aregbesola, has distributed cheques totalling N5.2 million to two hundred women in oil palm business in Ife South Local Government, through the state’s Quick Impact Intervention Programme (QIIP). Aregbesola who was represented...

    • Posted March 14, 2014
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  • Standard Chartered invests $57m in energy firm

    Standard Chartered’s Private Equity Africa (SCPE) division has announced its first investment in Africa’s developing power sector. The SCPE invested $57 million in Zambian Energy Corporation, the controlling shareholder of Copperbelt Energy Corporation Plc (CEC). A statement...

    • Posted March 14, 2014
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  • Firm plans 1,000 agents for electricity bill payment

    A revenue collection firm for the Ikeja Electricity Distribution Company, Scratch `N’ Pay, has urged prepaid meter customers to embrace the use of recharge cards for prompt payments of their bills. The company, in a statement on...

    • Posted March 14, 2014
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  • OPEC boosts demand estimate

    The Organisation  of   Petroleum Exporting Countries bolstered forecasts for the amount of crude it will need to provide this year as the economic recovery stokes global fuel consumption. Iraq, its second-largest member, pumped the most oil since...

    • Posted March 14, 2014
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