All posts by Ifreke Inyang

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  Bayelsa approves N4bn for rural electricity

  Communities in the hinterland of Bayelsa State will soon enjoy power supply as the state government has approved N4 billion for rural electrification. The state Commissioner for Energy, Mr. Francis Ikio, disclosed this in Yenagoa while conducting...

  • Posted February 12, 2013
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• Convicted wonder bank directors appeal court judgment

  CONVICTED directors of defunct Mustard Seed Micro-Finance Bank Limited, Pastor Okeoghene Abrefera and Rev. Vincent Okpogo, have appealed the judgment of a Federal High Court sitting in Asaba, Delta State, which sentenced them to 10 years imprisonment...

  • Posted February 12, 2013
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  Dangote, GTB, Nestle, 17 others in Forbes Top 25 West African companies

  Dangote Cement, Zenith Bank PLC and Ecobank Transnational Incorporated were among the 25 companies honoured by Forbes Africa and ABN Productions at the Forbes Africa top listed West African Companies Awards Ceremony recently. The event titled, “The...

  • Posted February 12, 2013
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  FGN bonds record N174.1bn transactions in one week

  THE Over –The –Counter (OTC) market for FGN bonds last week recorded a turnover of 152.1 million shares worth N174.1billion in 912 deals, in contrast to a total of 162.8million units, valued at N189.9billion, exchanged in 956...

  • Posted February 11, 2013
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  3rd Mainland Bridge: ‘Don’t toy with 350,000 motorists’ lives’ – Senator Ashafa

  Senator Gbenga Ashafa yesterday called on the Federal Government not to risk the lives of about 350, 000 Lagosians that use the nation’s longest bridge, the Third Mainland Bridge daily. He said investigation recently carried out by...

  • Posted February 11, 2013
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  NSE to reduce transaction charges on corporate bond

  The Nigerian Stock Exchange, NSE, may review transaction charges on State/ Local Governments/Corporate bonds following complaints from stakeholders in the capital market. The NSE had from February 1, when retail bond trading commenced, set N1 charges on...

  • Posted February 11, 2013
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• Pension fraud: Maina tackles Senate over comments

  Embattled chairman of the Pension Reform Task Team Abdulrasheed Maina has explained that his decision to drag the Senate to court does not mean he has planned to ridicule government’s policy to transform the pension sector. A...

  • Posted February 11, 2013
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  National Assembly summons NNPC boss over $1.5bn loan

  A showdown is imminent between the National Assembly and the Nigerian National Petroleum Corporation (NNPC) over a directive to the indigenous oil company to stop moves to obtain a $1.5 billion loan. NNPC Group Managing Director, Mr...

  • Posted February 11, 2013
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  Banks, customers disagree on CBN’s bank account categorisation policy

  Bank customers have questioned the rationale behind the new policy of the Central Bank of Nigeria (CBN) on categorisation of bank accounts, saying it is counter-productive with respect to its cashless initiative. The CBN policy categorised bank...

  • Posted February 11, 2013
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  Lagos seals off 43 shops, arrests traders

  Lagos State Government has sealed off 43 spare parts shops and arrested eight dealers over failure to register the businesses with the government. The spare parts shops, which are located in Maza Maza, Mile 2 area of...

  • Posted February 11, 2013
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