All posts by Ifreke Inyang

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  FG renames Ministry of Trade and Investment

  The Federal Ministry of Trade and Investment has been renamed Federal Ministry of Industry, Trade and Investment (MITI), with effect from March 9, 2013. The new identity was said to have been informed by the need to...

  • Posted March 18, 2013
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  Jonathan seeks private sector’s support for centenary project

  PRESIDENT Goodluck Jonathan has enjoined chieftains of the organised private sector to support the Nigerian Centenary Project, especially the celebrations designed around the key concepts of unity, indivisibility, virility, progress and promise of the Nigerian Federation. Speaking...

  • Posted March 18, 2013
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  Sterling Bank plans model branches, records improved deposit base

  STERLING Bank Plc has concluded plans to build about 40 ‘model’ branches and remodel existing ones in high profile locations, a strategy, which it said was aimed at ensuring that its customers get quality service at the...

  • Posted March 18, 2013
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  DPR to revoke licences of undeveloped oil marginal fields

  THE  Department of Petroleum Resources (DPR) has given owners of under-developed marginal fields the next one-year to put the fields into production or lose their operating licences granted by the agency. Director of DPR, Osten Olorunsola, who...

  • Posted March 18, 2013
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  BlackBerry plans security feature for Android, iPhone

  BlackBerry will offer technology to separate and make secure both work and personal data on mobile devices powered by Google Inc’s Android platform and by Apple Inc’s iOS operating system, the company said on Thursday. The new...

  • Posted March 17, 2013
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  CBN to protect banks from Internet frauds, cybercrimes

  The Central Bank of Nigeria has announced its plans to protect banks from Internet frauds and other cybercrimes. Central Bank’s Director, Banking Supervision, Mrs. Olatokunbo Martins, said this while delivering a keynote speech at the first annual...

  • Posted March 17, 2013
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  CBN releases framework for MRC operation

  The Management of the Central Bank of Nigeria (CBN) has approved the Regulatory and Supervisory Framework for the operations of a Mortgage Re-finance Company (MRC) as an exposure draft. The framework provides for the licensing and establishment of ...

  • Posted March 17, 2013
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  Bank loans to grow 30 percent in 2013 – S&P

  A surge in lending is likely to boost the earnings of Nigeria’s banks this year though loans are eating into capital reserves and are too concentrated in the oil sector, credit rating agency Standard and Poor’s (S&P)...

  • Posted March 17, 2013
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  Power investors pay 25% of offer ahead deadline

  There is excitement in the power sector as three major preferred bidders who are said to have stake in over 60 percent of the distribution segment of the market have made requisite payments to Bureau for Public...

  • Posted March 17, 2013
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  Centenary City to be listed on London Stock Exchange

  With the subscription of $100milion as the capital call for the Centenary city which is being planned as part of activities for Centenary celebration, the Federal Government says plans are underway to ensure its listing on the...

  • Posted March 17, 2013
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