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All posts by Ifreke Inyang

  • Negative perception responsible for low investment inflow in Africa — Dangote

    President and Chief Executive of Dangote Group, Aliko Dangote, at the on-going World Economic Forum in Davos, Switzerland, decried the negative perception of socio-political situation in African countries, saying it is responsible for the low level of...

    • Posted January 25, 2014
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  • Customs denies accusation of corruption on waivers

    The Nigerian Customs Service (NCS) on Friday denied making any accusation of corruption in the implementation of waivers, a Federal Government policy. This was contained in a news statement signed by Mr Adewale Adeniyi, Public Relations Officer...

    • Posted January 25, 2014
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  • We will stick to 2.3GHz licensing timetable – NCC

    The Nigerian Communications Commission has said it will stick to the timetable for the licensing of the Wireless Wholesale Access Service Licence that will utilise the 2.3GHz frequency on offer by the Federal Government. The Special Assistant...

    • Posted January 25, 2014
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  • Senate scores AMCON low on debt recovery

    Members of the Senate on Thursday scored the Asset Management Corporation of Nigeria low, saying the agency had failed to live up to its objective of recovering toxic debts owned by some commercial banks. The senators also...

    • Posted January 25, 2014
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  • My successor must defend CBN’s autonomy – Sanusi

    The Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, has said his successor’s main challenge will be to maintain the independence of the institution and any undermining of that may hurt the economy, according to Bloomberg’s report on Thursday....

    • Posted January 25, 2014
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  • Kuru-Bauchi railway will be ready in February – Minister

    The Minister of Transport, Sen. Idris Umar, says the rehabilitation of the railway from Kuru station in Plateau to the Bauchi city station will be completed before February ending. Umar said this on Friday in Jos when...

    • Posted January 25, 2014
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  • Job creation: World Bank, EU give FG N48bn

    The World Bank, European Union and other International Development Associations have provided the Federal Government with $300m (N48bn) for the financing of a job creation programme in Nigeria. The five-year State Employment  and   Expenditure for Results project...

    • Posted January 24, 2014
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  • Economy under threat as excess crude account dwindles, says Okonjo-Iweala

    Minister of Finance and Supervising Minister of the Economy, Mrs. Ngozi Okonjo-Iweala, yesterday, said Nigeria’s economy is under threat, following the continuous decline in its Excess Crude Account. Speaking in an interview at the World Economic Forum...

    • Posted January 24, 2014
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  • CBN raises capital base for Finance Houses to N100m in new guidelines

    The President of Finance Houses Association of Nigeria (FHAN), Mr Samuel Durojaye, on Thursday said that the Central Bank of Nigerian (CBN) has released draft guidelines for the operations of the sub-sector. Durojaye said the CBN in...

    • Posted January 24, 2014
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  • Bank shares dip as investors panic

    Bank shares fell on Wednesday as investors reacted negatively to the decision of the Monetary Policy Committee of the Central Bank of Nigeria to increase the Cash Reserve Requirement to 75 per cent. With the exception of...

    • Posted January 24, 2014
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