All posts by Ifreke Inyang

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  Ecobank may stop rapid expansion strategy

  Pan-African lender, Ecobank Transnational Incorporated, is planning to wind down its strategy of rapid expansion across Africa and focus on existing businesses, especially in Nigeria, Ghana, Angola and Kenya, its Chief Executive Officer, Mr. Albert Essien, has...

  • Posted October 8, 2014
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  Drilling rig for 200,000bpd Egina Oilfield sails to Nigeria

  The drilling rig, christened ‘West Jupiter,’ which will be used for the drilling of all the oil wells at the 200,000 barrels per day Egina deepwater oilfield, being developed by Total Upstream Companies in Nigeria has sailed...

  • Posted October 8, 2014
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  Transcorp Hotel IPO to be allotted electronically

  Investors in the on-going initial public offering (IPO) of Transcorp Hotels Plc, who want their shares allotted electronically would be granted the opportunity as the company plans to give all Nigerians access to the growth success of...

  • Posted October 7, 2014
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  House to probe N700bn Shell gas project

  After the Sallah break, the House of Representatives will commence investigations of a Shell-operated N700 billion gas project over which allegations of tax evasion of N7 billion have been made by a former employee of the oil...

  • Posted October 7, 2014
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  FG targets $10bn capitalisation for development bank

  The Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said the Federal Government is targeting capital base of $10bn for the proposed Wholesale Development Bank of Nigeria. Okonjo-Iweala, who said this in an interview with Bloomberg TV Africa on Saturday,...

  • Posted October 7, 2014
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  NSE to launch DMA in Nigerian Capital Market

  In furtherance of the plans by the West African Capital Market Integration (WACMI) to integrate stock markets in West Africa, the Nigerian Stock Exchange (NSE ) has said it plans to support Direct Market Access (DMA) as...

  • Posted October 7, 2014
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  Nigerian economy records inflow of $5bn from local content

  The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Mr. Ernest Nwapa has stated that the implementation of the Nigerian Oil and Gas Industry Content Development (NOGID) Act of 2010 has recorded an inflow...

  • Posted October 7, 2014
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  Unity Bank records 897% jump in profit

  Unity Bank Plc’s profit before tax soared by 897.3 per cent to N12.018bn in the nine months ended September 30, 2014 – from N1.205bn in the same period of 2013, the bank’s unaudited results has shown. The...

  • Posted October 7, 2014
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  Capital markets can solve SMEs’ funding challenges — Oteh

  The Director-General, Securities and Exchange, Ms. Arunma Oteh, has said the search for a solution to the funding challenges faced by Small and Medium Enterprises will be successful if governments around the world turn to the capital...

  • Posted October 7, 2014
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  Refineries operated at 10.5% capacity in June – NNPC

  The country’s refineries operated at an average of 10.46 per cent of their combined nameplate capacity of 445,000 barrels per day in June, latest data from the monthly report of the Nigerian National Petroleum Corporation has shown....

  • Posted October 7, 2014
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