All posts by Ifreke Inyang

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  CBN to auction N195bn treasury bills

  The Central Bank of Nigeria (CBN) will auction treasury bills worth N195.18 billion this week. The move is in line with the regulator’s decision to continue to manage the volume of liquidity in the system as well...

  • Posted August 5, 2014
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  Stock market dips in July as investors react to weak results

  As it was with the weather in the month of July, investors in the Nigerian equities market witnessed massive rain of losses weakening the gains made in the previous month. This was due to negative sentiments fuelled...

  • Posted August 5, 2014
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  Traditional banks may not exist by 2025 – PwC

  A new report by Pricewater-houseCoopers has suggested that between 2025 and 2030, a market economy without banks of the traditional kind may exist. The report entitled, ‘The future shape of banking’, said the barriers for non-banks to...

  • Posted August 5, 2014
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  Nigerian equities market grows by N674bn in seven months

  The Nigerian equities market grew by N674 billion in a seven-month period ending July 2014, just as the market is moving towards a slower growth for the year. While the market witnessed a major growth of over...

  • Posted August 5, 2014
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  NIMASA seeks merger of Nigerian shipping firms

  Nigeria’s apex maritime regulatory authority Nigerian Maritime Administration and Safety Agency (NIMASA) has asked Nigerian shipping firms to merge so that they can be in a better position to compete with their foreign counterparts. The Director-General of...

  • Posted August 5, 2014
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  Niger Insurance pays N270.8m dividend

  Niger Insurance Plc has said that it will pay N270.8m dividend to its shareholders in the 2013 financial period. The Chairman of the company, Alhaji Bala Zakariyau, disclosed this during the firm’s 44th annual general meeting in...

  • Posted August 5, 2014
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  Power: FG to boost gas supply with $1bn

  The Federal Government on Monday resolved to commit $1bn to the improvement of gas infrastructure in the country in its bid to improve power supply.The Managing Director of the Niger Delta Power Holding Company, Mr. James Olotu, disclosed...

  • Posted August 5, 2014
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  Business confidence has dropped – LCCI

  The Business Confidence Level Index dropped by 5.1 per cent in the third quarter of 2014, a survey by the Lagos Chamber of Commerce and Industry has revealed. The survey showed that the third quarter 2014 aggregate...

  • Posted August 5, 2014
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  IKEDC, NIBSS develop online payment platform

  The Ikeja Electricity Distribution Company, in partnership with the Nigeria Inter-Bank Settlement Systems Plc, has created an online platform to facilitate convenient payment options for post-paid customers for both energy and non-energy related bills. The firm, in...

  • Posted August 5, 2014
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  Cost reduction drives Stanbic IBTC’s earnings

  Stanbic IBTC Holdings Plc’s unaudited results for the six months ended June 30, 2014 showed a decline in operating cost which supported its cost to income ratio to 58 per cent. However, the uptick in the group’s...

  • Posted August 5, 2014
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