All posts by Ifreke Inyang

• 
  PSA Peugeot Citroen, PAN Nigeria sign assembly agreement

  PSA Peugeot Citroën and PAN Nigeria Limited have signed an agreement to assemble and sell cars in Nigeria. The Peugeot 301 will be the first vehicle to be assembled under the pact in the second half of...

  • Posted August 10, 2014
  • 0
• 
  Tobacco stakeholders scrutinise control bill

  The issue of whether or not the National Tobacco Control Bill would enjoy the support of all stakeholders was laid to rest at the one day public hearing organised by House of Representatives joint committee on Health...

  • Posted August 10, 2014
  • 0
• 
  Stanbic IBTC to raise N30bn fresh capital

  Stanbic IBTC, the Nigerian arm of South Africa’s Standard Bank, plans to raise up to N30 billion in tier-2 capital. The bank disclosed this in a presentation on its website yesterday. According to Reuters, the Chief Executive...

  • Posted August 9, 2014
  • 0
• 
  PWC Report: Nigeria’s infrastructure spending to hit $77bn by 2025

  Global capital project and infrastructure spending is expected to grow to more than $9 trillion annually by 2025, up from $4 trillion in 2012, according to a new report,‘Capital Project and Infrastructure Spending: Outlook to 2025’, just...

  • Posted August 9, 2014
  • 0
• 
  Diamond Bank to pursue branch expansion

  Diamond Bank Plc has said proceeds from its N50bn rights issues will be used for branch expansion and upgrade of its technology among others. A statement by the bank quoted its Chief Executive Officer, Dr. Alex Otti,...

  • Posted August 9, 2014
  • 0
• 
  MTN in talks to sell its Nigerian tower business

  MTN Group’s first-half profit increased and data revenue soared while Africa’s largest wireless operator said it is in advanced talks to sell its tower business in Nigeria. MTN plans to sell 8,640 existing Nigeria towers and 543...

  • Posted August 9, 2014
  • 0
• 
  Ecobank Nigeria raises $200m Tier-2 capital

  Ecobank Nigeria has sold $200 million of dated subordinated notes due in 2021 to join lenders in Africa’s largest economy raising funds through debt sales. The issuance has a yield of nine per cent and a coupon...

  • Posted August 9, 2014
  • 0
• 
  NSE index rises by 0.64%

  The stock market closed on a positive note on Thursday, lifting the major market indicators for the third straight session. At the end of the day’s activities, the Nigerian Stock Exchange All Share Index rose by 0.64...

  • Posted August 9, 2014
  • 0
• 
  Aviation fuel scarcity causes flight delays, cancellations

  Delays and outright cancellation of scheduled flights have nearly paralysed activities in the Nigerian aviation industry in the last two weeks. As a result, passengers scheduled to travel to domestic and foreign destinations have been expressing dismay...

  • Posted August 9, 2014
  • 0
• 
  Conoil to recommend N4 dividend to shareholders

  Conoil Plc’s Board of Directors has agreed to recommend a dividend of N4 per ordinary share to its shareholders for the financial year ended December 31, 2013. The board is expected to propose the dividend to the...

  • Posted August 9, 2014
  • 0