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All posts by Ifreke Inyang

  • Unremitted contributions: PenCom recovers N3.33bn from employers

    The decision of the National Pension Commission to employ the services of recovery agents to go after employers, who fail to remit workers’ pension contributions, is paying off as it has recovered N3.33bn from defaulting organisations between...

    • Posted November 9, 2013
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  • Zenith Bank to increase loans to power sector

    Zenith Bank Plc has said it will increase loans to the firms that acquired the recently privatised power assets. The bank’s loans to the power sector may rise to 10 per cent of its loan book by...

    • Posted November 9, 2013
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  • CBN, DERMALOG seal N8bn biometric deal

    The Central Bank of Nigeria (CBN) has signed a contract of over $50 million (N8 billion) with DERMALOG Identification Systems for the  deployment and implementation of a biometric system, which would help in resolving issues bordering on...

    • Posted November 8, 2013
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  • Fashola to address bank directors on PPP

    Having pioneered a lot of public private partnership (PPP) projects in Lagos State, Governor Babatunde Raji Fashola has been selected as the guest speaker at the Bank Directors Association of Nigeria (BDAN) 2013 stakeholders’ forum. The annual...

    • Posted November 8, 2013
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  • NNPC, Swiss traders defrauding Nigeria – Report

    The Nigerian National Petroleum Corporation and some local and international traders have been accused of conniving in shady oil deals to defraud the country. A Swiss-based non-governmental advocacy group, Berne Declaration, in a report entitled, ‘Swiss traders’...

    • Posted November 8, 2013
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  • FG takes $300m loan to tackle housing deficit

    The Federal Executive Council on Wednesday approved the request of the Minister of Finance, Dr. Ngozi Okonjo-Iweala, to obtain a $300m credit facility from the International Development Association housing projects in the country. The council, presided over...

    • Posted November 8, 2013
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  • Foreign investments in stocks now N801bn — NSE

    The total amount of money spent by foreign investors on Nigerian securities between the first and the third quarters (January to September 2013) of this year stands at N801.25bn. This amount comprises the inflows and outflows of...

    • Posted November 8, 2013
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  • Reps stop motion on dubious waivers by FG

    Members of the House of Representatives on Wednesday stepped down a motion seeking to investigate alleged dubious import duty waivers granted by the Federal Government to some individuals, companies and agencies in the country. A lawmaker from...

    • Posted November 8, 2013
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  • “BASA not favourable to domestic airlines” – Bush-Alebiosu

    The House of Representatives said on Wednesday that the Bilateral Air Services Agreements signed between Nigeria and other foreign countries were stifling the operations of the local aviation industry. It also observed that most of the BASA...

    • Posted November 8, 2013
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  • Lagos gets SEC approval to issue N87.5bn bond

    Lagos State Tuesday said it had obtained the approval of the Securities and Exchange Commission (SEC) to issue N87.5 billion 7-year bond to fund critical infrastructure projects. The state’s Commissioner for Finance, Mr. Ayo Gbeleyi, who disclosed...

    • Posted November 7, 2013
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