All posts by Ifreke Inyang

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  Stanbic IBTC subsidiary to inaugurate N1bn ETF

  Stanbic IBTC Asset Management Limited has finalised plans to float an Exchange Traded Fund, the Stanbic IBTC ETF 30, a move it said was aimed at further developing the country’s capital market. An Exchange Traded Fund is...

  • Posted August 28, 2014
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  Fraudsters shop abroad with cloned Nigerian ATM cards

  Facts emerged on Tuesday that electronic fraudsters had been duplicating Automated Teller Machine cards belonging to Nigerian bank customers and using them to buy items worth millions of dollars from shopping malls in the United States. Top...

  • Posted August 28, 2014
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  FG approves N4bn power projects for Anambra

  The Federal Executive Council on Wednesday approved a total of about N4bn to provide transmission infrastructure in order to increase power supply in parts of Anambra State. The approval was granted at a meeting presided over by...

  • Posted August 28, 2014
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  Failure to recruit engineers worsens power supply – NAPTIN

  The 16-year embargo placed on the recruitment of engineers before the power sector was privatised worsened electricity supply across the country, the National Power Training Institute of Nigeria has said. According to the institute, the embargo was...

  • Posted August 28, 2014
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  Banks urged to increase focus on digitally-aware customers

  Banks have been advised to pay greater attention to digitally-aware customers in order to increase their market share. Managing Director, Accenture Financial Services, Mr. Toluwaleke Adenmsoun stated this in a paper titled: “Competitive Response to Digital Disruption...

  • Posted August 28, 2014
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  Stock market resumes trading on negative note

  Trading on the floor of the Nigerian Stock Exchange (NSE) resumed on a poor note yesterday as more investors book profits, sending the twin market gauge northward. At the close of business monday, the NSE All Share...

  • Posted August 27, 2014
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  Total builds $900m pipeline to supply gas to Alaoji Power Station

  Hope for improvement in power supply in Nigeria has been rekindled as French oil giant, Total has stated that it has built a $900 million worth of pipeline infrastructure to supply gas from the company’s Oil Mining...

  • Posted August 27, 2014
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  Naira falls on dollar shortage

  The naira dropped against the dollar on Monday, with last week’s move by JP Morgan to include the country’s 10-year bond in one of its indexes failing to stimulate strong dollar inflows. The local currency closed at...

  • Posted August 27, 2014
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  Access Bank’s Q2 interest income up 30%

  Access Bank Plc’s second quarter 2014 results released by the Nigerian Stock Exchange (NSE) yesterday has revealed that the bank’s net interest income and non-interest income went up strongly by 30 per cent y/y and 19 per...

  • Posted August 27, 2014
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  Jonathan directs CBN to set aside N50bn Agric Mechanisation Fund

  President Goodluck Jonathan has directed the Central Bank of Nigeria (CBN) to set aside N50 billion as agricultural mechanisation intervention fund for farmers in the country. The president gave the directive yesterday in Abuja while inaugurating a...

  • Posted August 27, 2014
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