All posts by Ifreke Inyang

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  External reserves stage recovery, rises by $1.030bn in one month

  Nigeria’s beleaguered foreign reserves seems to be gradually regaining its upswing as it rose by $1.030 billion in the last one month to close at $38.136 billion at the weekend. This represents an accretion by 2.8 per...

  • Posted July 15, 2014
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  Power firms perform poorly despite 70% gas supply

  Fresh facts have emerged that power generating companies in the country get as much as 70 per cent of the total gas supplied in the Nigerian market, but they are performing poorly. In January, President Goodluck Jonathan,...

  • Posted July 15, 2014
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  We’re not liquidating insurance firms – NDIC

  The Nigeria Deposit Insurance Corporation has denied reports that it is seeking powers to liquidate insurance companies and terminate their licences. It said in a statement on Sunday that as a deposit insurer, the liquidation of insurance...

  • Posted July 15, 2014
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  Lagos recognised as best pension compliance state

  Federal Government has awarded a gold trophy to the Lagos State Government for emerging the best state out of the 36 states of the federation to fully adopt and implement the Contributory Pension Scheme in compliance with...

  • Posted July 15, 2014
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  Continental Re’s premium rises by 28%

  Continental Reinsurance Plc has said its gross premium increased by 28 per cent to N15.86bn in 2013 from N12.40bn in the previous financial period. The company said in a statement that the non-life and life businesses grew...

  • Posted July 15, 2014
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  Traders threaten to shut down Ikeja Computer Village for three days

  Following the raid on alleged fake phone dealers at the Ikeja Computer Village in Lagos by the Standards Organisation of Nigeria (SON), the Phone and Allied Product Dealers Association of Nigeria (PAPDAN) has threatened to closedown the...

  • Posted July 15, 2014
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  CoT: Banks’ hide-and-seek worries CBN

  The recent warning by the Central Bank of Nigeria against the regime of excess charges by banks has again underscored the need for Nigerian banks to concentrate on financial intermediation instead of the rent-seeking culture, which has...

  • Posted July 14, 2014
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  CBN: Financial condition index hit 21% in Q2

  There are indications that access to credit by businesses across the major sectors of the economy improved to a great extent in the second quarter of the year as the Central Bank of Nigeria (CBN) put the...

  • Posted July 14, 2014
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  PFAs invest N228.3bn in real estate

  The Pension Fund Administrators have invested N228.3bn in real estate, investigation has revealed. According to statistics obtained from the National Pension Commission on Friday, this amount is about 5.2 per cent of the N4.3tn total pension asset...

  • Posted July 14, 2014
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  BPE, Leda Consortium bicker over Kaduna Disco

  The Leda Consortium and the Bureau of Public Enterprises are currently at loggerheads over the status of the Kaduna Electricity Distribution Company, for which North West Power Consortium emerged the preferred bidder. Leda, which emerged the reserve...

  • Posted July 14, 2014
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