All posts by Ifreke Inyang

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  200 BDCs have met recapitalisation requirements — Emefiele

  The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, on Wednesday disclosed that over 200 Bureau de Change companies had met the new guidelines introduced by the bank recently. The CBN had recently increased the capital base...

  • Posted July 18, 2014
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  Emefiele urges more commitment towards achieving Monetary Union

  Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday urged member countries of the West African Monetary Zone (WAMZ) to redouble their efforts towards meeting all the revised macroeconomic convergence criteria needed to launch...

  • Posted July 18, 2014
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  Private equity firm to sell 50% stake in Continental Re

  Continental Reinsurance Plc has notified the Nigerian Stock Exchange (NSE) that a private equity firm, Emerging Capital Partners, has concluded plans to sell its 50.6 per cent stake in the company. Emerging Capital Partners is the majority...

  • Posted July 18, 2014
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  NERC, EMSL rivalry threatens power sector reforms

  Indications have emerged that the country’s nascent power sector reforms are under serious threat as a result of the supremacy battle between the Nigerian Electricity Regulatory Commission and the Electricity Management Service Limited. The rivalry between both...

  • Posted July 18, 2014
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  NNPC set for oil bunkering business

  The Nigerian National Petroleum Corporation has said very soon it will start its oil bunkering business officially. The Group Managing Director, NNPC, Mr. Andrew Yakubu, confirmed this to newsmen at a capacity building programme organised by the...

  • Posted July 18, 2014
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  Bresson SA to generate 90MW from Magboro plant

  The Minister of Power, Prof. Chinedu Nebo on Friday July 11, 2014 performed the ground breaking ceremony for the 90 megawatt Magboro power plant owned by Bresson SA Nigeria Limited. The event which was attended by power...

  • Posted July 18, 2014
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  NAFDAC yet to remit N1.44bn operating surplus – FRC

  The National Agency for Food and Drug Administration and Control has yet to pay operating surpluses amounting to N1.44bn to the Federation Account, the Fiscal Responsibility Commission has said. The Chairman, FRC, Chief Victor Muruako, said this...

  • Posted July 18, 2014
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  SON accuses Computer Village traders of colluding with dealers of fake phones

  The Standards Organisation of Nigeria (SON) yesterday raised alarm over the complicity of the Phone and Allied Products Dealers Association (PAPDA) in the sale and distribution of fake and substandard mobile phones in the country. Briefing journalist...

  • Posted July 18, 2014
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  Ovia to emerge Zenith Bank chairman

  There are strong indications that if all calculations remain unchanged, the Board of Directors of Zenith Bank Plc may announce the former Managing Director/Chief Executive Officer of the bank, Mr. Jim Ovia, as the new chairman of...

  • Posted July 17, 2014
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  All-share index rises 0.10% as market rally continues

  Trading at the stock market remained positive yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose further by 0.10 per cent to close at 42,971.56. Trading at the market had opened for the week on...

  • Posted July 17, 2014
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