All posts by Ifreke Inyang

• 
  Value of ATM transactions hit N1.7tn

  The Central Bank of Nigeria (CBN) yesterday put the value of financial transactions carried out through automated teller machines (ATMs) as at June 2014 at N1.7 trillion, up from the N1.3 trillion it was as at 2012....

  • Posted August 23, 2014
  • 0
• 
  N65 ATM charge won’t affect financial inclusion – CBN

  The Central Bank of Nigeria has said its directive to Deposit Money Banks to re-introduce a charge, of N65 per transaction, on remote-on-us Automated Teller Machines cash withdrawals will not affect its financial inclusion campaign. The Director,...

  • Posted August 23, 2014
  • 0
• 
  House of the Week: A splendid 7-bedroom duplex in Asokoro, Abuja

  Set in the prestigious Asokoro district, our house of the week is a massive 7-bedroom duplex with a 2 bedroom BQ for sale. Located on T. Y. Danjuma Crescent, this property sits on an extensive 1,144m2 floor...

  • Posted August 22, 2014
  • 0
• 
  FG approves N31.2bn power contract

  The Federal Executive Council on Wednesday approved a contract to the tune of N31.2bn for the evacuation of power from the 40 megawatts Kashimbila Multipurpose Dam. The approval was given during the council’s meeting presided over by...

  • Posted August 22, 2014
  • 0
• 
  CBN explains why banks may reject third-party ATM cards

  The Central Bank of Nigeria on Wednesday said Deposit Money Banks might be forced to reject Automated Teller Machine transactions other than theirs if customers failed to accept the N65 ATM service charge it recently re-introduced. The...

  • Posted August 22, 2014
  • 4
• 
  18 companies pay N33.9m for late account submission

  Eighteen listed companies were fined N33.9m by the Nigerian Stock Exchange between January and July 18 this year for filing their financial statements after the regulatory due date. The Exchange explained in the latest edition of its...

  • Posted August 22, 2014
  • 0
• 
  Government pledges to protect local airline operators

  The Minister of Aviation, Mr. Osita Chidoka, has said the Federal Government will continue to protect local airline operators. He gave the assurance when the management of Arik Air paid him a courtesy visit at the headquarters...

  • Posted August 22, 2014
  • 0
• 
  FG to cancel fixed electricity charge – BPE

  The Director-General, Bureau of Public Enterprises, Mr. Benjamin Dikki, has said that the fixed charge currently being paid by electricity consumers in the country will be dispensed with as soon as power generation increases to an economically...

  • Posted August 22, 2014
  • 0
• 
  Nigeria’s external debt rises to $9.38bn – DMO

  The nation’s foreign debt has risen by 40 per cent to $9.38bn, up from $6.7bn recorded last year, according to the latest data from the Debt Management Office. The DMO said on Tuesday that local debt component...

  • Posted August 21, 2014
  • 0
• 
  NERC defends position as power sector regulator

  The Nigerian Electricity Regulatory Commission on Monday defended its position as the only authorised regulator of the power industry. The Chairman, NERC, Dr. Sam Amadi, said recent claims that the commission lacked the capacity to regulate technical...

  • Posted August 21, 2014
  • 0