All posts by Ifreke Inyang

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  Poor telecoms service persists despite N.18bn fines

  Nigerians have x-rayed activities of telecommunications companies operating in the country, saying they have failed to provide quality service despite having paid over N1.8bn fine in the last two years for poor service quality. Those who spoke...

  • Posted September 24, 2014
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  Petroleum products pricing riddled with corruption – Group

  The country’s current petroleum products pricing model, which is based on import parity and the Petroleum Support Fund, is riddled with corruption, a new report produced under the project, Transparency and Accountability in the Oil and Gas...

  • Posted September 24, 2014
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  Cement labelling: Lafarge asks Court to stop SON from sealing up factory

  Lafarge Cement WAPCO Nigeria Plc has asked a Federal High Court sitting in Lagos to restrain the Standards Organisation of Nigeria (SON), its agents, from closing its business premises, following its (SON) recent directive on product labelling...

  • Posted September 24, 2014
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  Banks urged to develop new sources of revenue

  As earnings-constraining regulations continue to eat deep into deposit money banks’ (DMBs’) traditional sources of revenue, the financial institutions have been advised to look for new sources of revenue in order to continue to play their intermediary...

  • Posted September 23, 2014
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  FBN Capital predicts increased capital raising for banks in 2015

  FBN Capital Limited has predicted that more banks are likely to raise capital in 2015 as a result of the Central Bank of Nigeria’s (CBN’s) new capital requirement rules, which are likely to come into effect before...

  • Posted September 23, 2014
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  Banks to pay customers for using e-payment channels

  The Central Bank of Nigeria says it has approved an industry-wide incentive scheme and awareness campaign on electronic payment channels for stakeholders and users. As a result, the CBN is collaborating with Deposit Money Banks through the...

  • Posted September 23, 2014
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  Mansard Insurance records 27% half-year revenue growth

  Mansard Insurance Plc, provider of risk and investment management services has announced its audited half year results for the period ended June 30, 2014. The company in statement said it reported a 27 per cent growth in...

  • Posted September 23, 2014
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  Investors urged to take advantage of Stanbic IBTC ETF 30

  Chief Executive Officer, Stanbic IBTC Asset Management Limited, Mr. Olumide Oyetan, has advised investors to take advantage of its on-going N1 billion initial public offer for the Stanbic IBTC Exchange Traded Fund (Stanbic IBTC ETF 30) to...

  • Posted September 23, 2014
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  Fitch predicts N400bn revenue for Lagos by 2016

  Global rating agency, Fitch Ratings, has upgraded Lagos State’s national long-term rating to ‘AA+(nga)’ from ‘AA(nga)’. It also said it expected the state’s internally generated revenue to grow above N400bn by 2016, representing an 80 per cent...

  • Posted September 23, 2014
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  FG committed to local content growth – Johnson

  The Minister of Communications Technology, Dr. Omobola Johnson, has said that the Federal Government is committed to ensuring the growth of local content in the Information and Communications Technology industry. Johnson said this had become imperative because...

  • Posted September 23, 2014
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