All posts by Ifreke Inyang

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  Oando to complete $1.68bn ConocoPhillips acquisition January 31

  Oando Energy Resources, the Upstream subsidiary of Oando Plc listed on the Toronto Stock Exchange, has said it will complete the $1.68bn acquisition of the Nigerian assets of ConocoPhilips on January 31, 2014. The company, in a...

  • Posted December 3, 2013
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  Banks move to checkmate activities of e-fraudsters

  Banks have commenced moves to protect their customers from the rising wave of electronic fraudsters by fortifying their internet platforms with additional security features. In recent times e-fraudsters have been bombarding bank customers with scam mails with...

  • Posted December 3, 2013
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  Reducing interest rate will raise inflation – Sanusi

  The Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, has explained why the Monetary Policy Committee has not reduced its interest rate for a long period. The CBN governor  spoke at the fifth anniversary of...

  • Posted December 3, 2013
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  FG okays FCT economic summit on investment

  The Federal Government has approved a special Abuja Economic Summit to unleash the huge economic and investment potential of the Federal Capital Territory. The event is also expected to serve as a forum for exploring an alternative...

  • Posted December 3, 2013
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  Contractors sue Energy Commission over N8.9bn debt

  The Association of Rural Electrification Contractors of Nigeria has dragged the Energy Commission of Nigeria and the Ministry of Finance before an Abuja Federal High Court over N8.9bn debt. Those listed as defendants in the suit are...

  • Posted December 3, 2013
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  Mass retrenchment looms at Enterprise Bank, sacks 150 staff

  Enterprise Bank Ltd., one of the nationalised banks, has retrenched about 150 workers.. Checks on Monday showed that the affected workers were part of the 250 staff nationwide pencilled down for rationalisation. Sources close to the bank...

  • Posted December 3, 2013
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  Zenith Bank named ‘Bank of the Year Nigeria’ by the Banker

  Zenith Bank PLC has been named bank of the Year Nigeria by the Banker, a publication of Financial Times of London. In a statement on its website the Banker said “Zenith has come a long way since...

  • Posted December 2, 2013
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  World Bank to assist Kogi with poverty alleviation projects

  The World Bank has said it will partner the Kogi state government in the fight against poverty. Marie-Francoise Marie-Nelly, the World Bank Country Director in Nigeria, disclosed this on  Saturday, when she paid a courtesy visit to...

  • Posted December 2, 2013
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  Oil spill from Agip’s Brass Terminal pollutes Atlantic Ocean

  An oil spill from the Brass Oil Export Terminal, operated by oil giant, Agip, off Bayelsa Coastline, has discharged a yet to be ascertained volume of crude into the Atlantic ocean. Henshaw Oguwike, the Chief Information Officer...

  • Posted December 2, 2013
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  Etisalat offers SMEs N20m grants

  Etisalat Nigeria has launched “Easybusiness Millionaire Hunt,” a scheme for Small and Medium Enterprises (SME) with a view to helping entrepreneurs realise their business ideas. Director, Business Segment, Etisalat Nigeria, Mr. Lucas Dada, said that the Easybusiness...

  • Posted December 2, 2013
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