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All posts by Ifreke Inyang

  • CBN intervenes as bond prices fall

    Government bonds fell on Tuesday amid withdrawal from Nigerian assets by foreign investors, which prompted the Central Bank of Nigeria to sell dollars to support the naira. The naira has come under pressure in the past two...

    • Posted November 6, 2014
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  • GTBank gets product leadership recognition

    Guaranty Trust Bank Plc has emerged the winner of the 2014 Product Leadership Award organised by Frost & Sullivan, a growth consulting firm. This was announced at an event held on October 30 at the Monte Carlo...

    • Posted November 6, 2014
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  • Dangote Cement to generate power in Tanzania

    Sub-Saharan Africa cement producer, Dangote Cement, is currently not finding things easy in its quest to grow operations on the continent. The company is said to be constrained by power supply issues, and is seeking to generate...

    • Posted November 6, 2014
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  • Rapid population growth put pressure on infrastructure

    Rapid growth in population is putting tremendous strain on the country’s infrastructure, President Goodluck Jonathan has said. Different agencies have put the country’s population to be above 170 million, but the population was last recorded at 166.2...

    • Posted November 6, 2014
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  • FirstBank spends N500m to reward customers

    FirstBank Nigeria has put the total amount it spent to reward about 5,000 customers in cash, automobiles and household gifts under its various promotion bonanza in the past six years at N500 million. Group Head, Retail South...

    • Posted November 6, 2014
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  • Naira falls on reduced dollar inflow

    The naira slipped slightly against the dollar on the interbank market yesterday driven by tight supplies of the US dollar and sustained strong demand from offshore investors selling their equity holdings. The local currency closed at N165.75...

    • Posted November 5, 2014
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  • NSE, CBI launch Corporate Governance Rating System

    As part of efforts to improve perception of trust in the nation’s capital market, the Nigerian Stock Exchange (NSE) in conjunction with the Convention on Business Integrity (CBi)  on Monday launched the  Corporate Governance Rating System (CGRS)...

    • Posted November 5, 2014
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  • World Bank gives Nigeria, others $10.6bn for 141 projects

    The World Bank Group’s loan and grant approvals for Nigeria and other Sub-Saharan African countries have hit $10.6bn. In its 2014 Annual Report, the bank said its assistance to Africa reached a record high this fiscal year...

    • Posted November 5, 2014
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  • Nigeria’s transmission grid not competitive enough – Nebo

    The Minister of Power, Prof. Chinedu Nebo has again declared that Nigeria’s electricity transmission grid is far below what obtains in countries like China, India and the United States. Nebo said recently in Abuja that Nigeria’s existing...

    • Posted November 5, 2014
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  • Okonjo-Iweala puts Nigeria’s Infrastructure spending at $6bn, wants faster processing of PPPs

    The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala,  has disclosed that  the country’s spending on infrastructure currently stands at about $6 billion, advocating  a  refined and  improved  use of Public Private Partnerships...

    • Posted November 5, 2014
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