All posts by Ifreke Inyang

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  Oshiomhole faults investment of pension fund in Capital Market

  The Governor of Edo State, Mr. Adams Oshiomhole, has faulted the investment of pension asset in the capital market, saying the fund should rather be deployed to areas that would benefits contributors directly. Toeing his line of...

  • Posted July 16, 2014
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  Power firms record N69bn revenue shortfall

  Between November 2013, when the power generation and distribution firms were privatised and June 2014, the companies have had a shortfall of N69bn from the proposed N144bn revenue they were expected to generate. It was gathered that...

  • Posted July 16, 2014
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  ECOWAS single currency’s 2015 take-off date under threat

  The inability of some countries within the West African Monetary Zone to meet up with the macroeconomic convergence criteria is currently threatening the January 1, 2015 take-off of the single currency regime for the sub region. The...

  • Posted July 16, 2014
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  Deaths: Insurers plan special cover for Nollywood artistes

  Sudden deaths, health challenges and other losses being recorded in the Nigerian entertainment industry have made the practitioners to embrace special insurance covers specifically designed for the Nollywood artistes by member companies of the Nigerian Insurers Association....

  • Posted July 16, 2014
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  FG asks BoI to increase credit to MSMEs

  The Federal Government on Tuesday directed the newly inaugurated board of the Bank of Industry to increase its current credit portfolio to the Micro, Small and Medium Enterprises sector.The Minister of Industry, Trade and Investment, Mr Olusegun...

  • Posted July 16, 2014
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  Jonathan inaugurates 105,000 metric tonnes integrated Rice Mill in Nasarawa

  President Goodluck Jonathan monday inaugurated Olam Nigeria’s 105,000 metric tonnes integrated rice processing mill in Nasarawa State. He however disclosed that his administration’s commitment was to continue to reduce  the food importation bill to the barest minimum....

  • Posted July 16, 2014
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  Union Bank cards now accepted on Paypal

  Union Bank of Nigeria Plc has announced that its electronic cards – Visa and MasterCard, are now accepted on the PayPal platform. PayPal is an international e-commerce platform that facilitates online payments and money transfers to over...

  • Posted July 15, 2014
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  Nigeria to grow crude oil reserves to 40bn barrels

  The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr. Andrew Yakubu, yesterday disclosed that Nigeria was working to accumulate 40 billion barrels of crude oil reserves and produce four million barrels per day. Yakubu, who...

  • Posted July 15, 2014
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  AshakaCem to fast-track N100bn expansion project

  The Board of Directors of AshakaCem Plc and the management team with support from other Lafarge Group’s businesses across the globe have agreed to fast-track the expansion of the company’s N100bn cement plant in the North-East. The...

  • Posted July 15, 2014
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  10 stockbroking firms trade N729bn shares six months

  Ten leading stockbroking firms traded 56.593 billion shares worth N729.73 billion at the stock market in the first six months of 2014, data obtained by THISDAY showed last Friday. The N729.73 billion accounted for 64 per cent...

  • Posted July 15, 2014
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