All posts by Ifreke Inyang

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  CitiServe develops service platform for power sector

  CitiServe, a member of Vigeo Group, has moved to extend its services to the power sector by creating door-to-door services for the payment of electricity bills, using its unique Orange Box Point of Sales terminals. The firm...

  • Posted November 24, 2013
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  Guinness records N1.7billion profit in Q1

  Guinness Nigeria Plc, one of the leading breweries, has announced a profit after tax (PAT) of N1.743 billion for the first quarter ended September 30, 2013, showing a marginal decline of 3.5 per cent compared with N1.807...

  • Posted November 23, 2013
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  CBN to extend cashless policy nationwide before June

  The Central Bank of Nigeria (CBN) yesterday disclosed plans to extend the cashless policy to other states in the country before June 2014. The Deputy Governor (Operations), CBN, Mr. Tunde Lemo, revealed this Thursday in an interview...

  • Posted November 23, 2013
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  CBN confirms plans to privatise refineries

  The Central Bank of Nigeria on Thursday confirmed plans by the Federal Government to privatise its four refineries next year. According to the bank, the plan is in line with the government’s drive to transform the nation’s...

  • Posted November 23, 2013
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  Broadband infrastructure operators to get cash incentives

  Seven new infrastructure operators to be licensed in January 2014 are to get cash incentives for rollout of broadband networks, the Nigerian Communications Commission has said. The Executive Vice-Chairman of the NCC, Dr. Eugene Juwah, said this...

  • Posted November 23, 2013
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  Council probes Aero, consumer abuse in telecoms sector

  The Consumer Protection Council on Thursday said it had begun an investigation into an alleged maltreatment of some passengers last week by Aero Contractors during a delayed flight. The move, according to the council, is geared towards...

  • Posted November 23, 2013
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  Power investors suspend prepaid meter scheme

  Consumers have continued to groan about poor power supply after the takeover of the assets of the defunct Power Holding Company of Nigeria by private investors. The situation has been exacerbated with the suspension of the Credited...

  • Posted November 23, 2013
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  Dwindling revenue to exert pressure on naira

  Dwindling oil revenue and loose spending associated with the pre-election period are expected to exert more pressure on the naira, a report has stated. The report which corroborated the Central Bank of Nigeria’s (CBN’s) concern, also pointed...

  • Posted November 22, 2013
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  SEC restates commitment to protect investors

  The Securities and Exchange Commission (SEC) has restated its determination and commitment to protect investors patronising the Nigerian over-the-counter (OTC) securities market. The OTC market, comprising equities market and fixed income market, has been operating with little...

  • Posted November 22, 2013
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  CBN seeks stiffer penalty for dud cheque issuers

  The Central Bank of Nigeria has called for a review of the Dishonoured Cheque Offences Decree of 1977. The law, which was enacted about 37 years ago, stipulates the framework for ensuring strict eradication of dishonoured cheques...

  • Posted November 22, 2013
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