All posts by Ifreke Inyang

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  NASD: SEC insists on zero tolerance for market infractions

  THE Securities and Exchange Commission (SEC) has affirmed its commitment on zero tolerance for market infractions as it tasked the newly launched National Association of Securities Dealers (NASD) Over-the-Counter (OTC) market to avoid insider dealings and other...

  • Posted July 4, 2013
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  NIMASA justifies action against NLNG over N25bn debt

  THE Nigerian Maritime Administration and Safety Agency (NIMASA) has justified its action against the Nigerian Liquefied Natural Gas Company (NLNG) blockade of vessels into the nation’s territorial waters. NIMASA last week stopped three vessels belonging to the...

  • Posted July 4, 2013
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  Access Bank appoints Wigwe to succeed Imoukhede

  The Board of Directors of Access Bank Plc has the appointment of Mr Herbert Wigwe to succeed Aigboje Aig-Imoukhuede, as Group Managing Director/ Chief executive Officer when he retires from the bank in December. Aig-Imoukhuede, 46, will...

  • Posted July 4, 2013
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  FG begins implementation of Backward Integration Policy in sugar industry

  The Federal Government has commenced the implementation of the Backward Integration Policy (BIP) in the sugar industry with the approval of the plans and projects by three sugar refineries in Nigeria. The Minister of Industry, Trade and...

  • Posted July 4, 2013
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  Budget: Jonathan urges Senate to reverse N78.54bn cut

  President Goodluck Jonathan has urged the Senate to reverse itself by restoring the N78.54bn cut from the capital allocations to some Ministries, Departments and Agencies of the Federal Government in the 2013 budget. He also asked the...

  • Posted July 3, 2013
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  UACN acquires 51% stake in Portland Paints

  As part of efforts to increase its presence in key sectors of the economy, UAC of Nigeria Plc, Tuesday, said that it has completed the acquisition of 51 percent equity stake in Portland Paints and Products Plc....

  • Posted July 3, 2013
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  SEC to develop whistle blowing mechanism

  THE Securities and Exchange Commission, SEC, is on the verge of developing a whistle blowing mechanism that would further guarantee investors’ confidence in the capital market. SEC Chairman, Dr. Suleyman Ndanusa, who disclosed this at the launch...

  • Posted July 3, 2013
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  Shell raises alarm over rising crude oil theft spills

  Shell Petroleum Development Company of Nigeria Limited, SPDC, operated Joint Venture, Tuesday, raised an alarm over the rising cases of sabotage on its facilities, saying that it recorded eight incidences of vandalisation on its pipelines at the...

  • Posted July 3, 2013
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  Lagos cooperative societies’ assets hit N60bn

  Lagos State Government, yesterday, said the collective capital base of the state cooperative societies had increased to N60 billion with 13, 000 registered cooperative societies. It will be recalled that two years ago, the cumulative asset base...

  • Posted July 3, 2013
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  Ladipo Market ex-President accused of embezzling N46m, other funds

  Justice Olabisi Akinlade, of an Ikeja High court, was, yesterday, told how the embattled former president of Aguiyi Ironsi International Market, known as Ladipo Market, Jonathan Okoli, allegedly failed to remit the sum of N46million trade permit...

  • Posted July 3, 2013
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