All posts by Ifreke Inyang

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  CBN, banks to raise agric sector loans to 7%

  The Bankers’ Committee is targeting a loan growth of seven per cent to the agricultural sector of the economy by 2015, Central Bank of Nigeria (CBN) Governor, Sanusi Lamido Sanusi has said. The Bankers’ Committee is an...

  • Posted December 27, 2013
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  National carrier suffers setback as Aero repaints aircraft

  Indications emerged on Wednesday that the plan to unveil a new national carrier before the end of this year might have suffered another setback as Aero Contractors, touted to transform into the nation’s flag bearer, had repainted...

  • Posted December 27, 2013
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  Poor telecoms services mar Christmas celebrations

  Despite the threat by the Federal Government to sanction telecoms operators for poor quality of service by the end of this month, subscribers had all kinds of difficulties communicating with their loved ones in the days leading...

  • Posted December 27, 2013
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  Order forensic audit of oil earnings – FT tells Jonathan

  The Financial Times of London has advised President Goodluck Jonathan to order a forensic audit of oil and gas earnings in the country to enhance transparency and ensure that the country is not unnecessarily susceptible to oil price shocks....

  • Posted December 27, 2013
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  NAHCO handled 20 million passengers last year – Chairman

  The Nigerian Aviation Handling Company Plc handled over 20 million passengers moving in and out of Nigeria last year, the Chairman, Board of Trustees of the company, Alhaji Suleiman Yahyah, has stated. He also said the company...

  • Posted December 27, 2013
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  No premium no cover may reduce profitability next year – NIA

  The Nigerian Insurers Association, NIA, said that the insurance sector may witness reduced profitability in the next financial year due to the implementation of the ‘no premium, no cover’ policy of the National Insurance Commission, NAICOM. Director...

  • Posted December 26, 2013
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  Shareholders approve N40bn rights offer for Unity Bank

  Shareholders of Unity Bank have authorized directors of the bank to raise additional capital of N40 billion through Rights issue and Special/Private placement of its shares. The capital raising exercise is part of the bank’s business expansion...

  • Posted December 26, 2013
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  NCC addresses portability failure

  The Nigerian Communications Commission has given reasons why only about 50,000 subscribers out of 10 million have been able to successfully change from one network to the other after the introduction of the Mobile Number Portability. During...

  • Posted December 26, 2013
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  Yuletide: Airfares on domestic routes rise by 30%

  The limited number of domestic carriers operating in the country and the rush for air tickets this Yuletide have led to a rise in airfares on major routes by about 30 per cent. While hundreds of passengers...

  • Posted December 26, 2013
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  NCC assesses mobile operators on service quality

  The performance of mobile operators in meeting the Key Performance Indicators set by the Nigerian Communications Commission will determine their fate, the regulatory agency has said. The Head, Media and Public Relations, NCC, Mr. Reuben Muoka, said...

  • Posted December 26, 2013
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