All posts by Ifreke Inyang

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  NEXIM Bank laments low level of interbank funding

  The Managing Director, Nigerian Export-Import Bank, Mr. Roberts Orya, has said low level of inter-bank funding, lack of established and robust fund for risk bearing facilities and the institution’s outstanding share capital are major challenges hampering the...

  • Posted January 3, 2014
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  NigComSat ready to provide tele-medicine services

  The Nigerian Communication Satellite Limited is ready to provide tele-medicine services to improve the health status of Nigerians. The agency said in its bulletin made available to the News Agency of Nigeria in Abuja that the service would make...

  • Posted January 3, 2014
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  2.3GHz spectrum auction timetable subject to change – NCC

  The released timetable for the 2.3GHz spectrum auction may change if condition warrants it, the Nigerian communications Commission has said. This was contained in the Information Memorandum released by the NCC to guide would-be investors and other...

  • Posted January 3, 2014
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  External reserves drops $1.0b in December

  There was no respite for the nation’s external reserves pool on Tuesday, going by data released by the Central Bank of Nigeria (CBN), showing that it fell further to $43.628 billion as at Monday December 30, representing...

  • Posted January 2, 2014
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  Late submission of financial results characterised insurance sector in 2013

  The insurance sector witnessed some positive developments in 2013. However, inadequate infrastructure continued to plague insurers all through the year which resulted in the late and zero submission of financial results by some companies to the National...

  • Posted January 2, 2014
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  Major marketers back privatisation of refineries

  The Major Oil Marketers Association of Nigeria has supported the move by the Federal Government to privatise the nation’s refineries, saying it is a step in the right direction. The Secretary General, MOMAN, Mr. Obafemi Olawore, during...

  • Posted January 2, 2014
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  FBN Holdings Q3 profit down by 8%

  FBN Holdings Plc has released its third quarter results for 2013 with its profit after tax declining by eight per cent within the period. The results, made available to our correspondent by the company on Tuesday, were...

  • Posted January 2, 2014
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  ECOWAS insurance scheme ripe for review – Official

  The Secretary General, Nigerian National Bureau, ECOWAS Brown Card Insurance Scheme, Mrs. Henrietta Anyanna, has said there is a need to review the scheme in the West African sub-region. A statement on Tuesday quoted Anyanna as saying...

  • Posted January 2, 2014
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  Mobile phones sold in Nigeria are overpriced – DealersMobile phones sold in Nigeria are overpriced – Dealers

  Mobile phones sold in the Nigerian market have been described as being overpriced compared to other saturated markets in the world. Some dealers, who spoke to our correspondent on the issue, maintained that aside the cost of...

  • Posted January 2, 2014
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  FG charges taskforce on unremitted $9.6bn

  the Federal Government has inaugurated the Inter Ministerial Task Team, IMTT to recover un-remitted $9.6 billion contained in the Nigeria Extractive Industries Transparency Initiative, NEITI Audit Report. The development stems from the lacklustre attitudes of major players...

  • Posted January 1, 2014
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