All posts by Ifreke Inyang

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  Investors panic over nationalised banks report

  Tension is rising among interested investors in the three nationalised banks as financial advisers appointed to value the banks have failed to submit their reports. The consultants, appointed in August last year to act as advisers in...

  • Posted February 24, 2013
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  UPDC’s REIT seeks N30b in capital market

  The UACN Property Development Company  (UPDC) Plc’s Real Estate Investment Trust (REIT) seeks to raise N30 billion  in the capital market through the offer for subscription of three billion units of N10.00 each at par. The offer which is...

  • Posted February 24, 2013
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  Phone makers roll out affordable devices to tap into N1.2trn smart phone market

  Nigerians will spend about N1.2 trillion purchasing smart phones between now and 2015, BusinessDay can now reveal. In view of this immense market opportunity, industry analysts told BusinessDay, yesterday that the country’s smart phone industry is witnessing...

  • Posted February 24, 2013
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  Nigeria, Brazil agree to collaborate on energy, aviation

  President Goodluck Jonathan and his Brazilian counterpart, Mrs. Dilma Rousseff, on Saturday agreed to collaborate in the areas of energy, aviation, agriculture and others for the benefit of the citizens of their countries. This formed part of...

  • Posted February 24, 2013
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  CBN heads for another row with NASS over use of foreign currencies for local transactions

  Central Bank of Nigeria (CBN) may be heading for another acrimonious session with the National Assembly and perhaps some civil society groups that would be interested in the issue of the apex bank enforcing the ban on...

  • Posted February 23, 2013
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  Nigeria is world’s largest importer of tomato paste – Sanusi

  Nigeria has become the world’s largest importer of tomato paste, the Central Bank Governor, Lamido Sanusi, said last week. Mr. Sanusi said this development has highlighted the need for an aggressive revival of the nation’s agricultural sector....

  • Posted February 23, 2013
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• Business Council For Africa tasks investor on genuine deals in Nigeria

  Mr Clive Carpenter, Vice Chairman of UK’s Business Council For Africa, on Friday in London urged investors to  engage in genuine deals, and shun corruption while doing business in Nigeria. Carpenter who stated this at the 2nd...

  • Posted February 23, 2013
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  Nestle Nigeria to triple sales to $2.2 billion over 10 years

  Nestle Nigeria aims to triple its sales in Africa‘s most populous nation to 350 billion naira ($2.2 bln) in 10 years as the consumer market for food and cereal booms. The local unit of Swiss company Nestle...

  • Posted February 23, 2013
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  Court gives EFCC 72-hour ultimatum to declare asset recovered from Cecilia Ibru

  A Federal High Court sitting in Lagos, Friday, gave the Economic and Financial Crimes Commission, EFCC, a three-day ultimatum to furnish an applicant with details of the property recovered from Cecilia Ibru. The applicant, Boniface Okezie, President...

  • Posted February 22, 2013
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• NEXIM to remove trade barriers in West Africa

  Managing Director of the Nigerian Export Import Bank (NEXIM), Mr. Roberts Orya has reaffirmed the commitment of Nigeria’s trade policy bank to removing trade barriers and promoting seamless commercial exchanges among Economic Community Of West African States...

  • Posted February 22, 2013
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