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All posts by Ifreke Inyang

  • Capital market stakeholders seek tax incentives

    Two capital market stakeholders, on Monday called for the introduction of tax incentives by the Federal Government to deepen the growth of the Nigerian Stock Exchange. They told the News Agency of Nigeria in Lagos that there was the...

    • Posted October 16, 2013
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  • World Bank pledges $1.4m for Nigeria’s power, infrastructure

    The World Bank has pledged to support Nigeria’s power sector and infrastructure development with about $1.4m, the Minister of Finance, Dr. Ngozi Okonjo-Iweala, announced in Washington DC, United States of America. The minister said this when she...

    • Posted October 16, 2013
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  • Nigerian banks can’t fund power’s $8bn/yr needs — FBN

    FBN Capital Limited has declared that Nigerian banks cannot fund the $8 billion yearly power needs alone and thus called for the support of institutional and foreign investors to fund the huge resources needed to drive various...

    • Posted October 15, 2013
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  • Shell shuts-in 150,000 barrels of crude over pipeline fire

    Nigeria crude output dropped by an additional 150,000 barrels per day, as Shell Petroleum Development Company, SPDC, yesterday, shut down a section of its Trans Niger Pipeline, TNP, due to a fire outbreak along the pipeline’s right...

    • Posted October 15, 2013
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  • Business confidence level falls to 17%

    The confidence level of doing business in Nigeria decreased from 24 per cent in the third quarter of 2013 to 17.6 per cent in the fourth quarter of the year, the Lagos Chamber of Commerce and Industry...

    • Posted October 15, 2013
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  • CBN, NDIC take over NERFUND

    President Goodluck Jonathan has approved the takeover of the management and control of the National Economic Reconstruction Fund by the Central Bank of Nigeria and the Nigeria Deposit Insurance Corporation. The Permanent Secretary, Ministry of Finance, Mr....

    • Posted October 15, 2013
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  • Sanusi wins sub-Sahara Africa’s CBN governor award

    The Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, was on Saturday night in Washington DC, United States, named the Central Bank Governor of the Year for sub-Saharan Africa by the Emerging Markets Magazine. Sanusi, who was...

    • Posted October 15, 2013
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  • Issue meters to all consumers – FG orders Discos

    The Federal Government has directed new owners of power distribution firms to provide all electricity consumers with meters as soon as they take over the successor companies of the Power Holding Company of Nigeria. It advised that...

    • Posted October 15, 2013
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  • FAAC approves N1.196 tr for three tiers of governments

    The Federation Account Allocation Committee (FAAC) has approved the disbursement of N1.196 trillion to the three tiers of government for the two months of August and September. At the end of August and September 2013, the net statutory...

    • Posted October 14, 2013
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  • Analyst predicts 7.5 % inflation for September

    Ahead of official statistics expected next week, the FSDH Research has predicted an inflation rate (year-on-year) of 7.5 per cent for September, representing a 70 basis points decrease from August 2013. The expected inflation rate of 7.5 per...

    • Posted October 14, 2013
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