All posts by Ifreke Inyang

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  Stanbic IBTC Pension Managers launches mobile office

  Existing and prospective customers of pension fund administration will enjoy even more convenience as Stanbic IBTC Pension Managers, a member of Stanbic IBTC Holdings, deploys an innovative mobile office, the first of its kind in the pension...

  • Posted August 22, 2013
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  CBN moves to strengthen SME growth, enhance access to financial services

  In Nigeria, one of the greatest obstacles that Micro, Small and Medium Enterprises (MSMEs) have to grapple with is access to funds. This is further compounded by the fact that even where credit facilities are available, they...

  • Posted August 22, 2013
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  FG to commission 7 power plants, 150 sub-stations, says minister

  The Minister of Power, Prof. Chinedu Nebo, said on Wednesday that seven power plants and 150 new sub-stations built across the country were ready for inauguration. This is in furtherance of the establishment of 10 power plants...

  • Posted August 22, 2013
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  Uncertainty over Nigeria’s daily oil production persists

  Nigeria’s oil production, which now fluctuates between 2 and 2.5 million barrels per day (bpd), may not likely be enhanced by the on-going oil block sales in the short-term, according to report by Reuters on Tuesday revealed....

  • Posted August 22, 2013
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  NAICOM warns insurers against further delay in 2012 accounts submission

  Insurance companies yet to submit their 2012 financials to the National Insurance Commission (NAICOM) risk grave consequences should they delay further to obtain regulatory approvals. NAICOM gave the warning Tuesday, expressing concerns over common errors noticed in...

  • Posted August 22, 2013
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  NSCDC seals off warehouses over petrol theft

  Nigeria Security and Civil Defence Corps has sealed off two warehouses for receiving stolen petrol and has recovered 6,050 litres of petrol in Ishawo, Ikorodu, Lagos State. Commandant, NSCDC, Lagos State Command, Clement Adesuyi, on Monday said...

  • Posted August 22, 2013
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  Shell, Chevron, others declare $38.76bn dividend

  Nigerians were once again the losers, as six international oil companies — Royal Dutch Shell, ConocoPhilips, Chevron, Total, Eni and ExxonMobil — paid their shareholders a dividend of $38.76 billion (N6.201 trillion) in 2013. The dividends were...

  • Posted August 21, 2013
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  Oil theft: FG tasked on cleanup, pipeline monitoring

  The Federal Government has been urged to immediately mandate and fund the cleanup of the Niger Delta as well as to immediately introduce community monitoring of oil pipelines. These are expected to mitigate the environmental hazards resulting...

  • Posted August 21, 2013
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  No payment deadline extension – BPE tells power investors

  The Bureau of Public Enterprises has said it will not extend the Wednesday deadline for the payment of the outstanding 75 per cent of the bid prices for 15 successor companies of the Power Holding Company of...

  • Posted August 21, 2013
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  Capital market gains N4.2tn in one year

  The equities section of the Nigerian Stock Exchange has been on a steady rise in the last one year, leading to a total appreciation of N4.6tn as of Monday’s closing. The steady climb in the market, which...

  • Posted August 21, 2013
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