Don't Miss


All posts by Ifreke Inyang

  • Naira firms as Forex Market stabilises

    The naira was stable against the United States dollar at the Retail Dutch Auction System (RDAS) arm of the forex market yesterday as it maintained its value of N155.75 to a dollar. The CBN offered a total...

    • Posted February 26, 2014
    • 0
  • Sanctions won’t resolve poor quality services – Telecoms operators

    Telecomms companies in the country have said that the N647.5m fine imposed on some of them for poor quality services by the Nigerian Communications Commission will not change the current situation for the better. The firms, under...

    • Posted February 26, 2014
    • 0
  • NAC thumbs up Dana Motors on Kia plant

    THE Director General of the National Automotive Council (NAC), Engr. Aminu Jalal has commended the management of Dana Motors, representative of Kia Motors in Nigeria for its bold step to set up an auto assembly plant in...

    • Posted February 26, 2014
    • 0
  • We received $6 billion From NNPC – NPDC

    The Nigerian Petroleum Development Company Limited, NPDC, has distanced itself from publications alleging that denied receiving the sum of US$6 billion from its parent company, Nigerian National Petroleum Corporation being proceeds from NPDC’s oil and gas operations....

    • Posted February 26, 2014
    • 0
  • FG, German Development Bank establish $100m agric fund

    The Federal Government and the German Development Bank have established a $100m fund for agricultural financing in Nigeria. The Minister of Agriculture and Rural Development, Dr. Akinwunmi Adesina, stated this at the inauguration of the Executive Leadership...

    • Posted February 26, 2014
    • 0
  • NSE to introduce new trade alert system

    The Nigerian Stock Exchange has said it will discontinue the old trade notification system, Trade Alert. A statement by the Head, Corporate Communications, NSE, Nwando Ajene, on Monday said the Exchange would replace the old system with...

    • Posted February 26, 2014
    • 0
  • Bank stocks dominate gainers as equities halt slide

    Equities rallied on Monday, led by banking stocks, to halt a two-session slide caused by the suspension of the Central Bank of Nigeria Governor, Mr. Lamido Sanusi. Banking stocks were hit the most as equities value fell...

    • Posted February 26, 2014
    • 0
  • Nigeria spends N125bn on fish import annually – FG

    Nigeria spends an estimated N125.38bn every year importing fish, the Federal Government has said. The government frowned at the development and stressed that about 1.9 million metric tons of fish were imported into Nigeria annually. Speaking at...

    • Posted February 26, 2014
    • 0
  • 2014 budget scales second reading in senate

    The 2014 Appropriation Bill passed second reading at the Senate on Tuesday  as  Senators continue to ask for more funding for agriculture, judiciary, security and decried over bloating in non priority areas. When the Senate resumed debate on...

    • Posted February 25, 2014
    • 0
  • FBN Life acquires majority stake in Oasis

    FBN Life Assurance Limited, a subsidiary of FBN Holdings Plc, has acquired Oasis Insurance Plc’s 4.6 billion ordinary shares at 50k each, representing 71.2 per cent of the total issued ordinary share capital of Oasis. The acquisition...

    • Posted February 25, 2014
    • 0