All posts by Ifreke Inyang

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  Labour leaders seek Nebo’s resignation over 10,000MW claim

  Labour leaders and electricity consumers in the country have called for the resignation of the Minister of Power, Prof. Chinedu Nebo, if his claim that power generation will hit 10,000 megawatts by December this year is not...

  • Posted July 23, 2014
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  Index declines amid rising trading volume

  The Nigerian Stock Exchange (NSE) All-Share Index (ASI) closed 0.25 per cent lower as trading resumed on negative note at the stock market yesterday. The ASI declined to 42,784.30, from 42,891.82, while market capitalisation depreciated from N14.163...

  • Posted July 23, 2014
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  TCN is not wnderfunded – BPE Director

  The Director-General of the Bureau of Public Enterprises (BPE), Mr. Benjamin Dikki has shed some light on the issue of poor transmission capacity of the Transmission Company of Nigeria (TCN), which is a major hinderance to attainment...

  • Posted July 23, 2014
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  Transcorp grows operating profit by 145% to N9.7bn

  Transnational Corporation of Nigeria Plc (Transcorp) has announced a growth of 145 per cent in its operating profit for the half year ended June 30, 2014, indicating a bountiful harvest ahead. According to the unaudited results, Transcorp...

  • Posted July 23, 2014
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  CBN restates commitment to create strong financial sector

  The Central Bank of Nigeria (CBN) has restated its commitment towards building a resilient financial sector. The CBN Governor, Mr. Godwin Emefiele, made this known during the 14th annual Risk Managers Association of Nigeria (RIMAN) national conference...

  • Posted July 22, 2014
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  FirstBank issues $450million Eurobond

  FirstBank of Nigeria Limited has successful issued a $450 million tier-2 Eurobond, THISDAY learnt at the weekend. The debt instrument with a seven-year tenor has a call option after five years. According to a reliable industry source,...

  • Posted July 22, 2014
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  MPC to hold benchmark rate at 12%

  The Central Bank of Nigeria’s Monetary Policy Committee will leave interest rates unchanged for the 17th time in a row on Tuesday as it tries to balance controlling inflation and supporting the naira with fostering growth, Reuters reported quoting...

  • Posted July 22, 2014
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  Keystone Bank bags PCI-DSS certification

  Keystone Bank Limited has disclosed that it has received a certificate of compliance on the successful completion of the Phillips Consulting assessment on Payment Card Industry Data Security Standards (PCI-DSS). The PCI-DSS is an extensive set of...

  • Posted July 22, 2014
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  Mainstreet Bank sustains profitability

  Mainstreet Bank Limited’s financial results for the year ended December 31, 2013 has revealed that the financial institution continued on the path profitability in the year under review. The results showed that the bank recorded a profit...

  • Posted July 22, 2014
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  Subscribers blame telcos, NCC for sharp practices

  Telecoms subscribers in different parts of the country have expressed disgust at what they call illegal deductions being made by the telecommunications companies for the services being rendered by the firms. Some of the subscribers told our...

  • Posted July 22, 2014
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