All posts by Ifreke Inyang

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  Deadline extended for Afam, Kaduna power plants’ bidders

  The Federal Government has extended the deadline for the payment of the balance of 75 per cent of the purchase prices for the Afam Power Plc and Kaduna Electricity Distribution Company by the preferred bidders by additional...

  • Posted August 21, 2014
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  FG slashes registration fees for SMEs by 60%

  The Federal Government on Tuesday said it had reduced the cost of registering Small and Medium-scale Enterprises with the Corporate Affairs Commission by 60 per cent. The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, disclosed...

  • Posted August 21, 2014
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  Gross federal revenue drops by N154.5bn

  The Federal Government on Tuesday said the country recorded N154.5bn decline in gross federally collected revenue in July, which stood at N630.32bn, from the N784.88bn received in June. The Minister of State for Finance, Ambassador Bashir Yuguda,...

  • Posted August 21, 2014
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  CBN selects 1000 bank branches for BVN registration

  The Central Bank of Nigeria (CBN) has selected 1000 bank branches for the second phase of the registration of bank customers on the Bank Verification Number (BVN). Of this amount, First City Monument Bank Limited (FCMB) has...

  • Posted August 19, 2014
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  Dangote Cement posts N95bn profit in six months

  Leading cement manufacturing company, Dangote Cement Plc  last week announced its financial results for the half year ended June 30, 2014 and reported profit after tax (PAT) of N95 billion. The company reported increased revenue from N198.5...

  • Posted August 19, 2014
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  CBN calls for unity in fight against e-fraud

  The Central Bank of Nigeria has said the fight against electronic fraud in the financial system and the economy in general can not be done alone As a result, the central bank said stakeholders in the economy,...

  • Posted August 19, 2014
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  Electricity Council proposes N160bn annual funding benchmark for TCN

  The recently constituted National Council on Power (NCOP) has recommended that a minimum of N160 billion be made available to the Transmission Company of Nigeria (TCN) to take care of its annual expenditure on operations. NCOP however...

  • Posted August 19, 2014
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  Investment inflows to Nigeria decline 42% to $2.86bn

  Apparently worried by the outcome of the 2015 election foreign investors are beginning to scale down their level of investment in Nigeria as witnessed by marked slowdown in investment inflows in first quarter of this year. THISDAY...

  • Posted August 19, 2014
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  Nigerian economy may lose $3.5bn to Ebola — Rewane

  The nation may lose $3.5bn to the Ebola epidemic by December this year, if nothing is done to contain the spread of the deadly disease. The Chief Executive Officer, Financial Derivatives Company Limited, Mr. Bismarck Rewane, who...

  • Posted August 19, 2014
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  Enterprise CEO urges banks to create anti-fraud unit

  The Managing Director/Chief Executive Officer of Enterprise Bank Limited, Mallam Ahmed Kuru, has called on banks to establish an anti-fraud department as a way of curbing the growing incidence of electronic fraud in the financial sector of...

  • Posted August 19, 2014
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