All posts by Ifreke Inyang

• 
  Odds against policy shift at Monday’s MPC meeting

  Ahead of today’s  239th Meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), there is a groundswell of optimism that despite the marginal rise in inflation figure for the month of June,...

  • Posted July 21, 2014
  • 0
• 
  Ports charges: Stakeholders laud Shippers’ Council, demand more action

  Importers and freight forwarders, while applauding the moves by the Ports Regulator to reduce some shipping charges, have called for more investigation on the charges of the operators and to beam searchlight on the terminal operators running...

  • Posted July 21, 2014
  • 0
• 
  Apapa gridlock: Nigeria loses over N1.3bn in two weeks

  PRESIDENT of the Shippers’ Association of Lagos State, Jonathen Nicol, has said that the two weeks traffic gridlock which grounded business activities in the port city cost the industry over N1.3 billion. Speaking with Vanguard in Lagos,...

  • Posted July 20, 2014
  • 0
• 
  NCC steps up surveillance on illegal telecommunication operators

  Hard times now await all illegal providers of telecommunication services in the country as the Nigerian Communication Commission (NCC) has stepped up monitoring and surveillance activities on those who contravene the law. Already, NCC team led by...

  • Posted July 20, 2014
  • 0
• 
  NIWA woos banks, insurers for water transport development

  THE National Inland Waterways Authority, NIWA is wooing the banking and financial sector to key into efforts at development of water transport infrastructure. Disclosing this to Vanguard in Lagos, Managing Director of NIWA, Maryam Chiroma, said the Authority...

  • Posted July 20, 2014
  • 0
• 
  CBN may revoke licences of 2400 BDCs

  Up to 2,400 Bureaus de Change are unlikely to meet the new capitalisation requirements of the Central bank of Nigeria and will subsequently lose their operating licence at the expiration of the July 31, 2014 deadline set...

  • Posted July 20, 2014
  • 0
• 
  Dependence on imports will deplete external reserves – Experts

  Experts in the financial and real sectors have said the Federal Government needs to address the growing dependence on imports, which puts pressure on the country’s external reserves, in order to prevent the reserves from being depleted...

  • Posted July 20, 2014
  • 0
• 
  Airtime could drive mobile money services – Ericsson

  Airtime could be used as an incentive to drive the uptake and usage of mobile money services in countries where its growth has been slow, Ericsson has said. The company stated this at the just concluded mobile...

  • Posted July 20, 2014
  • 0
• 
  Wema Bank records N1.7bn half year profit

  Wema Bank Plc said its half year unaudited financial results for the period ended June 30, 2014 showed that its profit before tax climbed by 266 per cent to N1.7 billion, as against the N464.7 million it...

  • Posted July 19, 2014
  • 0
• 
  Airline operators decry $15bn capital flight from Nigeria annually

  Domestic airlines have called on government to take action towards stemming the huge resources being taken away from Nigeria by international airlines, which is put at $15 billion annually. The airlines suggest that government should empower domestic...

  • Posted July 19, 2014
  • 0