All posts by Ifreke Inyang

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  Telecoms operators insist on interoperability to unlock mobile money

  African telecoms operators attending the on-going AfricaCom conference in South Africa have insisted that network interoperability among telecoms operators on one hand, and interoperability between banks, merchants and customers, on the other hand, is key to drive...

  • Posted November 15, 2013
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  World Bank to spend $1.4bn on power transmission

  The World Bank will, in the next three years, spend about $1.4bn on the nation’s power industry, especially on transmission infrastructure. The World Bank Country Director for Nigeria, Marie-Francoise Marie-Nelly, stated this in an interview with our...

  • Posted November 15, 2013
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  Inflation rate drops by 0.2%

  The National Bureau of Statistics on Wednesday released the country’s inflation rate for the month of October. The bureau, in the Consumer Price Index report signed by the Statistician General of the Federation, Dr. Yemi Kale, stated...

  • Posted November 15, 2013
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  CJN seeks strict corporate governance code for banks

  The Chief Justice of Nigeria, Justice Aloma Mukhtar, on Wednesday called on the regulators of the banking sector to ensure a strict compliance with the corporate governance code. Mukhtar spoke in Abuja at the 13th seminar on...

  • Posted November 15, 2013
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  Jonathan flays World Bank’s ranking of Nigeria’s business environment

  FOR assessing Nigeria as one of the difficult destinations in the world to do business in 2013, by the World Bank, President Goodluck Jonathan has said the assessment is in bad faith and not correct because Nigeria’s...

  • Posted November 15, 2013
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  External reserves dip by 6.1% in Q3 – CBN

  In a report by the Central Bank of Nigeria (CBN), which highlights some major developments in the external sector of the Nigerian economy during quarter two (Q2) 2013, Nigeria’s external reserves declined by 6.1% with trade balance...

  • Posted November 14, 2013
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  FirstRand eyes Keystone and Mainstreet banks

  South African financial services company, FirstRand Ltd., is ready to buy Keystone and Mainstreet Banks, two of the three Nigerian nationalised banks, as it seeks to establish a consumer-banking presence in Nigeria. Bank PHB, Afribank and Spring...

  • Posted November 14, 2013
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  Pension fund not idle, 60% invested in bond – PenOp

  Against the prevailing notion that the new pension fund being regulated by the National Pension Commission, PenCom, is lying idle, the Pension Fund Operators of Nigeria, PenOp, has decried  that the fund is not in any way...

  • Posted November 14, 2013
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  Drop in telecom firms’ revenues envisaged in 2013

  A sharp drop is expected in the revenue target of the telecommunications industry in 2013, an investigation has shown. This will be propelled by the earlier declaration of a state of emergency in Adamawa, Borno and Yobe...

  • Posted November 14, 2013
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  Domestic transactions in equities rise to N775bn

  The total value of domestic transactions carried out by investors on the Nigerian Stock Exchange between January and September 30, 2013 stood at N775.77bn. The transactions for the first nine months of 2013 are already 52.53 per...

  • Posted November 14, 2013
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