Don't Miss


All posts by Ifreke Inyang

  • Three Executive Directors quit Unity Bank

    Three Executive Directors of Unity Bank Plc have reportedly resigned from the bank to pave the way for the bank’s repositioning in line with its new vision to be Nigeria’s retail bank of choice. The directors include...

    • Posted November 7, 2013
    • 0
  • Ogun partners BoI on N1bn SME endowment fund

    The Ogun State Government said on Tuesday that it had entered a partnership with the Bank of Industry to provide N1bn for the Small and Medium Enterprises sector of the state. Governor Ibikunle Amosun stated this during...

    • Posted November 7, 2013
    • 0
  • Transcorp to raise Ugheli plant’s capacity to 1,500MW

    The core investor in Ugheli Power Plc, Transcorp Nigeria Plc, has pledged to raise the capacity of the power plant from 900 megawatts to 1,500MW within three years. The Chairman of Transcorp, Mr. Tony Elumelu, made the...

    • Posted November 7, 2013
    • 0
  • Nigeria, Japan collaborate to improve electricity transmission

    The Federal Government on Tuesday announced its collaboration with Japan to tackle electricity transmission challenges in the country. Both governments agreed to deal with the setbacks in Nigeria’s transmission infrastructure when a delegation from Japan led by...

    • Posted November 7, 2013
    • 0
  • New owners to invest N288bn in power firms

    The Bureau of Public Enterprises has said that the electricity distribution companies handed over to private investors last Friday are required to invest about $1.8bn (about N288bn) as capital expenditure over the next five years to attain...

    • Posted November 7, 2013
    • 0
  • Kwara traders bemoan scarcity of N20, N50 notes

    Traders and transporters in Omu-Aran, KwaraState, yesterday, said that they were recording low sales due to scarcity of low denomination currency notes. According to reports, traders said that they now depend on divine intervention to remain in...

    • Posted November 6, 2013
    • 0
  • Coal to power will solve epileptic power – FG

    The Federal Government has assured electricity consumers that the coal to power initiative would assist in solving the problem of persistent epileptic power supply as presently being experienced in the country. Minister of Power, Prof. Chinedu Nebu,...

    • Posted November 6, 2013
    • 0
  • Manufacturers target 18% contribution to GDP

    The Manufacturers Association of Nigeria has set a target of 15 to 18 per cent contribution to the country’s Gross Domestic Product by in the next seven years. The President, MAN, Chief Kola Jamodu, said this in...

    • Posted November 6, 2013
    • 0
  • Nigeria, Singapore seal air link, medical tourism deal

    Nigeria and Singapore have agreed to open up direct air links between both countries and leverage on each other’s competitive and comparative advantage, for a mutually beneficial trade and investment relationship. The agreement covers medical tourism, capacity...

    • Posted November 6, 2013
    • 0
  • Oil spill getting worse in Niger Delta – NOSDRA

    The National Oil Spill Detection and Response Agency on Monday decried the increasing rate of oil spillage in the Niger Delta. According to the agency, the spillage is getting worse on a daily basis and there is...

    • Posted November 6, 2013
    • 0