All posts by Ifreke Inyang

• 
  BPE to settle outstanding PHCN workers’ terminal benefits

  The Bureau of public Enterprises will on Wednesday begin a nationwide tour of the defunct Power Holding Company of Nigeria’s establishments to address residual issues in the settlement of the terminal benefits of the workers. A statement...

  • Posted January 28, 2014
  • 0
• 
  CRR increase will hurt domestic production – LCCI

  The Lagos Chamber of Commerce and Industry has said the decision of the Central Bank of Nigeria to increase the Cash Reserve Requirement on public sector funds in banks to 75 per cent will encourage the importation...

  • Posted January 28, 2014
  • 0
• 
  CBN moves to prevent naira’s further fall, removes $250k weekly sales limit on BDC

  The Central Bank of Nigeria has removed the $250,000 weekly foreign exchange sales limit placed on bureaux de change operators in the country, according to the latest information from the bank. The development came one week after...

  • Posted January 28, 2014
  • 0
• 
  FG expects $80bn investments in five years

  The Federal Government expects more than $80bn in investment in the next five years to spur ndustrial development in the country, the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, has said. China Power International Development...

  • Posted January 28, 2014
  • 0
• 
  Honeywell beats estimates

  Honeywell International Incorporated, whose product line spans aviation controls to solvents, posted a fourth-quarter profit that beat analysts’ estimates as sales of energy-related products and turbochargers increased. Earnings excluding changes to the company’s pension-fund valuation climbed by...

  • Posted January 27, 2014
  • 0
• 
  NSE: Companies default on results submission

  As the Nigerian Stock Exchange hit impressive targets in its quest to becoming the gateway to African markets, it has been discovered that many listed companies are failing to submit their results as and when due. This...

  • Posted January 27, 2014
  • 0
• 
  Stakeholders advocate more investment in agriculture

  Agriculture has grown over the years and could be the future mainstay of the country’s economy, stakeholders have said. The Minister of Agriculture and Rural Development, Dr. Akinwunmi Adesina, said agriculture was a viable business, which more...

  • Posted January 27, 2014
  • 0
• 
  Nationwide power supply dips by 300MW

  Nigeria’s    electricity supply capacity is to drop by about 300 megawatts (MW), the Transmission Company of Nigeria (TCN) has said. TCN stated in a statement Sunday in Abuja that the unavoidable drop in the quantity of power...

  • Posted January 27, 2014
  • 0
• 
  Mortgage Refinance Company targets N100bn capital

  Facts emerged yesterday that the Nigeria Mortgage Refinance Company (NMRC) plans to capitalise its operation to about N100 billion by the end of the second half of this year, when it is expected to have commenced its...

  • Posted January 27, 2014
  • 0
• 
  FG loses N74.6bn to pipeline vandalism

  Nigeria lost N74.76bn as a result of gas pipeline vandalism last week Saturday, an investigation conducted on Friday has shown. The loss, it was learnt, followed the shutdown of the Escravos-Warri stretch of the Escravos Lagos Pipeline...

  • Posted January 27, 2014
  • 0