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Pension Fraud: A’ Court jails John Yusuf 6 years, plus N22.9bn...
Five years after his conviction and sentence to an aggregate fine of N750, 000 by a Federal Capital Territory High Court presided over by...
Ambode pledges to make Lagos waterways cleaner, safer
Lagos State Governor, Mr Akinwunmi Ambode on Sunday said his administration will not waver in making the right investment in the coastline asset of...
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Sterling Bank seeks licence for non-interest banking
Sterling Bank Plc has stated its intention to seek a license for a stand-alone Non-Interest Bank (NIB) from the Central Bank of Nigeria (CBN).
According...
E-payment transactions hit N51.8trn in 2016- CBN
The value of Electronic (e-payment) channels inflow in 2016 has been put at N51.8 trillion with a total volume of 711,891,989 transactions during the...
PoS in use dips to 6,490 in five months
Point of Sale (PoS) terminals registered and deployed have declined by 6,490 or 4.8 percent, due to the recent neglect by merchants in the country as a result...
Naira appreciates to N480/$1 at parallel market
The Naira appreciated on Monday by N5 to close at N480 per US dollar, as against N487 to a dollar it exchanged for when the...
CBN opens new forex window for investors, exporters
Two weeks after opening a special Forex window for Small and Medium Enterprises (SMEs), the Central Bank of Nigeria (CBN) on Friday established a...
SunTrust Bank takes financial knowledge to students
As Nigeria joins the rest of the world to mark this year’s Global Money Week (GMW), SunTrust Bank has taken students of Lagos State...
Sterling Bank, 6 others get Moody’s National Scale Ratings
Moody's Investors Services has assigned national scale ratings (NSRs) to Sterling Bank Plc and six other Nigerian banks. This rating action according to a...
FirstBank wins ISO 9001: 2015 Quality Management Systems certification
First Bank of Nigeria Limited, a subsidiary of FBN Holdings Plc and Nigeria’s most valuable bank brand, has achieved the Quality Management Systems certification...
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African utility week showcases home-grown solutions, business opportunities in energy market
African utility week showcases home-grown solutions, business opportunities in energy market
… Expo and conference to focus on major industry trends
The award-winning African Utility Week,...
Electricity not free, Senate tells Communities
The Nigerian Senate Committee on Power, Steel Development and Metallurgy, has expressed worry over the refusal of electricity consumers in the country, especially in...
Nigeria generates 3,687mw of electricity in 1st quarter – NBS
The National Bureau of Statistics (NBS) said Nigeria’s power stations generated 3, 687 Megawatts of electricity in first quarter of 2017.
The NBS stated this...
Inaccurate billing responsible for irregular power supply – Osinbajo
Vice President Yemi Osinbajo has said that the problem of irregular power supply in Nigeria is caused by inaccurate billing system resulting from insufficient...
Association berates Edo Governor over row with BEDC
The Association of Nigerian Electricity Distributors, ANED, has lent its voice to the ongoing row between the Governor of Edo State, Godwin Obaseki and...
Africa Renewable Energy, major donors, locked in battle for control
The Africa Renewable Energy Initiative (AREI), a continental initiative to increase access to electricity is now the subject of a raging debate, with civil...
ANED wants customers to continue paying estimated bills
In what appears to be calls and counter calls, the Association of Nigerian Electricity Distributors (ANED) has appealed to residential (small demand) customers across...
Dangote’s $150m solar project to be sited in Kano
Establishment of the $150 million solar power project being sponsored by the Dangote Group and Blackrhino gets closer to reality as the Kano State...
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Smart Cities Project: Public, private sectors need alignment – NCC boss
The Executive Vice Chairman of the Nigerian Communications Commission, Prof Umar Garba Danbatta, has called for alignment of synergy between the public and private...
Installation of direct Internet link between Africa, South America begins
Angola Cables (www.AngolaCables.co.ao) on Wednesday took a step closer to completion of the South Atlantic Cable System (SACS) at an official launch in Sangano,...
Brace for data price hike, FG tells Nigerians
Communications Minister, Adebayo Shittu, has asked Nigerians to brace up for rise in telecom data price, even as he said telecom service providers were...
One million telecom consumers activate 2442 code – NCC
Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, on Wednesday said more than one million consumers activated the 2442 Do-Not-Disturb...
Foreign vendors issue disconnection notice to Nigerian telcos’
Indication has emerged that the telecommunication industry is getting the adverse impact of the economic recession as some foreign vendors of telecommunications equipment issued...
Recession: MTN may defer listing on NSE
MTN Group Ltd. may put off plans to list its Nigerian operation until 2018 as Africa’s largest wireless carrier works to resolve a regulatory...
FG to expand nation’s digital governance platform – Minister
Minister of Communications, Abdur-Raheem Adebayo Shittu on Thursday in Abuja said efforts are on to expand the number of Data Centres in the...
Africa telecom, finance leaders assess digital investment opportunities
Leaders from Africa's biggest telecom investment companies including MTN, Orange, Helios Towers, American Tower, Eaton Towers, Google, Microsoft, Liquid Telecom and SEACOM are meeting...
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Why foreign investors shun West Africa
It was July 2017 when a submission from the World Bank left many reeling from the implications of the figures that had just been...
Business growth remains high on African boardroom agenda – PwC … Despite economic...
PwC’s Africa Business Agenda report shows that 85% of African CEOs (Global: 85%) are confident in their own company’s prospects for revenue growth over...
First Bank named Nigeria’s most customer friendly bank
First Bank of Nigeria Limited has emerged the Most Customer Friendly bank at the BusinessDay annual banking awards, 2016. The Bank was also named...
ECA plans campaign against maltreatment of people with disabilities
The Social Development Policy Division (SDPD) of the Economic Commission for Africa is co-organizing the launch of a global campaign for the “Good Treatment...
9 ways capital market can fund 2017 federal budget deficit
The Nigerian Securities and Exchange Commission (SEC) has released a 9-point communique, highlighting the capital market’s role in supporting the mobilization and deployment of...
Fitch rates Zenith, GTBank highest Nigerian Banks
Fitch Ratings, one of the biggest rating agencies in the world, recently rated Zenith and Guaranty Trust Bank (GTB) highest in Nigeria despite downgrading...
Lagos begins evacuation of articulated vehicles on Apapa- Oshodi expressway
In its determination to ensure free flow of traffic and safety on the road, the Lagos State Government on Wednesday commenced the process of...
Uber pays $1.3bn to enter Middle East via acquisition of Careem
It has been going on behind the scenes for months, dominating most of the ride-hailing gossips. And now, it has been confirmed that the...
