All posts by Ifreke Inyang

• 
  Naira falls against major currencies

  The Naira depreciated marginally against the dollar at the official segment of the Foreign Exchange Market on Friday. The Naira, which opened at N154.76 to a dollar on Monday, July 29, closed at N155.26 on Friday. The...

  • Posted August 2, 2013
  • 0
• 
  PHCN workers, retirees, pensioners to get N400bn – FG

  The Federal Government on Wednesday said N16bn had been approved for the payment of the entitlements of retirees and pensioners of the Power Holding Company of Nigeria in preparation for the conclusion of the privatisation of the...

  • Posted August 2, 2013
  • 0
• 
  Shell lists four Nigerian oil blocks for sale

  Royal Dutch Shell has listed four more Nigerian oil blocks for sale anytime from now, Reuters reported on Wednesday, quoting sources familiar with the deal. According to the report, the oil major has concluded plans to offload two onshore...

  • Posted August 2, 2013
  • 0
• 
  Budget: FG to make new project inclusion strenuous

  The Federal Government has commenced moves to make the inclusion of new projects in annual budgets more strenuous. The Minister of Information, Mr. Labaran Maku, told State House correspondents this at the end of the weekly Federal...

  • Posted August 2, 2013
  • 0
• 
  New owners emerge for Afam Power Plc, Kaduna Distribution Company

  Winners yesterday emerged in the bidding conducted for Afam Power Plc and Kaduna Distribution Company by Bureau of Public Enterprises, BPE. The development is however, yet to be confirmed by the National Council on Privatisation, NCP. The...

  • Posted August 2, 2013
  • 0
• 
  Oando’s shareholders okay N5.1bn dividend

  Shareholders of Oando Plc have unanimously approved the proposed N5.1billion dividend declared by its Board of Directors for the financial year ended December 31, 2012. The shareholder also commended the board and management for the impressive results...

  • Posted August 2, 2013
  • 0
• 
  Microsoft restates commitment to partner FG on ICT development

  Devices and Services giant, Microsoft Nigeria has reiterated the company’s commitment to collaborating with the Federal Government of Nigeria and other stakeholders in the IT industry to put structure in place to further aid ICT development in...

  • Posted August 2, 2013
  • 0
• 
  Our target is to have 5% of banking industry by 2016 – Sterling Bank MD

  After years of inactivity in the primary segment of the nation’s capital market, particularly after the 2008 meltdown, Sterling Bank recently opened its bid to source N12.5 billion to reposition for the competition ahead. Yemi Adeola, chief...

  • Posted August 1, 2013
  • 0
• 
  Okonjo-Iweala wants NNPC to explain unremitted NLNG’s $4.84bn

  Minister of Finance and Coordinating Minister for the Economy, Ngozi Okonjo-Iweala, has called on the Nigerian National Petroleum Corporation (NNPC) to explain the non-remittance of $4.84 billion dividend payments from the NLNG to the Federation Account. The...

  • Posted August 1, 2013
  • 0
• 
  FG seeks Nigeria’s delisting from money laundering blacklist

  The Federal Government has expressed the confidence that Nigeria will soon stop having issues with the Financial Action Task Force regarding money laundering and counter financing terrorism regimes. A statement quoted Vice-President Namadi Sambo as saying this...

  • Posted August 1, 2013
  • 0