All posts by Ifreke Inyang

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  Nigerian Stock Exchange advises firms on information disclosure

  The Chief Executive Officer of Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, yesterday urged listed companies to always avail the market with timely information on their operations, saying this would assist investors and market operators’ investment decision-making....

  • Posted October 4, 2012
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  Federal Mortgage Bank of Nigeria leading crusade towards simplifying housing finance

  Several efforts have been made by the Federal Mortgage Bank of Nigeria (FMBN) towards making funds available to Nigerians in the past, but recent moves by the bank seem to be charting a new way forward for...

  • Posted October 4, 2012
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  Nigeria’s foreign reserve rises to $41.3 billion

  The nation’s foreign exchange rose further to $41.3 billion even as the Central Bank of Nigeria, CBN, sold $177 million at the bi-weekly Wholesale Dutch Auction System, WDAS, session. According to the CBN, foreign reserves rose to...

  • Posted October 4, 2012
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  Atuche’s N45 million tithe: EFCC to arrest Catholic priests

  The Economic and Financial Crimes Commission, EFCC, is set to arrest reverend fathers and leaders of the two Catholic Churches in Delta State which received from Francis Atuche, former managing director of Bank PHB, money believed to...

  • Posted October 4, 2012
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  Indian Bharat signs 10,000 bpd Nigeria oil deal

  Indian state-run Bharat Petroleum Corp has signed a deal with Chevron to buy 10,000 barrels per day (bpd) Nigerian crude in the year ending March 31, 2013, sources said on Wednesday. Chevron will supply light sweet barrels...

  • Posted October 3, 2012
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  Federal Government sacks, redeploys aviation staff

  One year after the Federal Government carried out a major shake-up in the aviation sector, a similar exercise has been repeated with the dismissal and redeployment of some directors. In the latest shake-up, seven General Managers have...

  • Posted October 3, 2012
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  FEC approves N1.5billion to complete Nnamdi Azikwe’s mausoleum

  The Federal Executive Council has approved the contract for the completion of a mausoleum in Onitsha, Anambra state, in memory of the first president of Nigeria, late Dr Nnamdi Azikiwe. Briefing state house correspondents after the council...

  • Posted October 3, 2012
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  Dana crash threatens Africa’s aviation insurance rating – AIBA

  The African Insurance Brokers Association, a body of the African Insurance Organisation, has said that the crash of a Dana aircraft in Nigeria in June this year may lower the position of African aviation insurance sector in...

  • Posted October 3, 2012
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  Court orders Central Bank to declare cash, assets seized from Cecilia Ibru

  A Federal High Court sitting in Lagos, Southwest Nigeria, this morning ordered the Central Bank of Nigeria, CBN, to declare the total cash and properties recovered from the former Chief Executive Officer of Oceanic Bank, Mrs.Cecilia Ibru,...

  • Posted October 2, 2012
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  More than 2,000 transformers “idling away” in PHCN stores

  More than 2,000 transformers and power transmission accessories are “idling away” at the central stores of PHCN in Lagos, according to revelations from the power ministry. The revelation emerged at an unscheduled visit of the Minister of...

  • Posted October 2, 2012
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