All posts by Ifreke Inyang

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  American investors plan 100MW solar plants in Nigeria

  Global Business Resources, a consortium of international investors from the United States, are in Nigeria for discussion with officials of the Federal Government for the construction of two solar-powered electricity plants of 50 megawatts capacity each in...

  • Posted September 26, 2014
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  Nigeria’s share of China’s LNG imports under pressure

  Nigeria’s share of Chinese Liquefied Natural Gas market is being threatened by new supplies from Australia, potential imports from the United States and the recent gas deal between China and Russia. China, the world’s biggest energy consumer,...

  • Posted September 26, 2014
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  Access Bank harps on adherence to NSBP

  Access Bank Plc has stressed the need for operators in the banking sector to comply with the October 7 reporting deadline for the Nigeria Sustainability Banking Principles (NSBP). Speaking at a NSBP pre-reporting workshop for bankers, organised...

  • Posted September 26, 2014
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  Oando to double oil output to 100,000bpd over five years

  An indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchanges, Oando Plc, plans to increase its crude oil production capacity to 100,000 barrels per day over the next five years after completing the acquisition...

  • Posted September 25, 2014
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  Emefiele, Fashola task leaders on accountability

  The Central Bank of Nigeria (CBN), Governor, Mr. Godwin Emefiele and Lagos State Governor, Mr. Babatunde Fashola, have advised those at various leadership positions in the country to be transparent and accountable in their subjects. They gave...

  • Posted September 25, 2014
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  $67bn global shale gas windfall to elude Nigeria

  The global market for shale gas is expected to reach $67.02bn by 2020 and Nigeria appears not to have plans to leverage the development for economic advancement. Currently, the country is struggling with models to harness its...

  • Posted September 25, 2014
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  UBA, ATI collaborate to boost trade

  The United Bank for Africa (UBA) Plc has announced a partnership with the African Trade Insurance Agency (ATI) to ease the flow of credit to clients engaging in regional and international trade. A statement from the bank...

  • Posted September 25, 2014
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  Credit to private sector rises to N17.394tn

  Banking sector credit to the private sector increased year-on-year to N17.394 trillion at the end of August 2014, compared to the N17.252 trillion it was at the end of July 2014. According to data gathered from the...

  • Posted September 25, 2014
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  Banks raised N340bn capital in eight months – Report

  Nigerian banks raised a total of about N340bn ($2.1bn) between January and August this year, similar to the entire amount raised in 2013, a new banking sector report has stated. The Bank Sector Report for September 2014...

  • Posted September 25, 2014
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  Power firms to get N213bn lifeline in October

  The Central Bank of Nigeria, the Deposit Money Banks and the privatised power firms will conclude the N213bn deal meant to support the power sector by October after the concerned stakeholders may have signed the necessary contracts...

  • Posted September 25, 2014
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