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All posts by Ifreke Inyang

  • $4bn spent on oil, gas imports – CBN

    The amount spent on oil and gas imports to the country increased by 50.2 per cent to $4.01bn in the second quarter of the year from $2.67bn in the first quarter, latest data from the Central Bank...

    • Posted November 7, 2014
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  • Shippers kick against high port charges

    The President, Shippers Association, Lagos State, Mr Jonathan Nicol, on Thursday said its members would resist high charges by shipping companies and terminal operators. Nicol said this in an interview with the News Agency of Nigeia in Lagos, against...

    • Posted November 7, 2014
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  • Flour Mills declares N4.368bn profit after tax

    Flour Mills of Nigeria Plc said it made a profit after tax of N4.368bn and the profit before tax of N5.773bn in the six months ended September 30, 2014. The figures, however, represented a decline from the...

    • Posted November 7, 2014
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  • Diamond Bank, NEPC seek financing solution for exports

    With the increasing need to diversify the economy away from crude oil exports, Diamond Bank Plc, in collaboration with the Nigerian Export Promotion Council, has highlighted the need for appropriate financing solutions for non-oil export trade in...

    • Posted November 7, 2014
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  • Interswitch unveils business management platform

    Interswitch Transnational, a Pan-African integrated payment company, has launched Retailpay, a mobile business management platform. Retailpay provides growing businesses with the technology to remotely manage and monitor their operations via mobile devices irrespective of location. Retailpay is...

    • Posted November 7, 2014
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  • Consolidation looms in Nigeria’s pension industry

    Driven by the need to ensure that Pension Fund Administrators (PFAs) in the country are well funded and managed, the National Pension Commission (PenCom), may compel smaller operators in the sector to merge with better capitalised ones....

    • Posted November 6, 2014
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  • Seplat seeks to acquire Nigerian gas assets

    Seplat Petroleum Development Company, a Nigerian oil producer that raised about $500 million in a share sale this year, is looking to buy natural-gas assets to take advantage of higher prices in Africa’s biggest economy. “Two things...

    • Posted November 6, 2014
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  • Import waivers granted by past governments lopsided – Okonjo-Iweala

    The Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Tuesday said the import waiver system that was in place before President Goodluck Jonathan came into power was lopsided and not in conformity with international best practices. She stated...

    • Posted November 6, 2014
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  • AMCON completes redemption of N976bn bond

    The Asset Management Corporation of Nigeria (AMCON) yesterday announced in Abuja, that it had completed the scheduled redemption of its Series five N976,042,060,000 zero-coupon bonds that was due October 2014, at par. In December 2013, AMCON had...

    • Posted November 6, 2014
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  • World Federation Membership excites NSE Council

    The Council of the Nigerian Stock Exchange (NSE) yesterday expressed joy over the recently admission of the exchange as a full member of the World Federation of Exchanges (WFE), saying it was well deserved. Speaking on behalf...

    • Posted November 6, 2014
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