News
Winners emerge in Private Equity Africa awards 2018
Private Equity Africa (PEA) has announced the winners of the 2018 GP & Advisor Awards.
The awards saw 26 firms collect the much coveted accolades...
Capital flight: Forensic experts to probe MTN, others
The Senate has engaged the services of international forensic experts in the on-going probe of MTN and others accused of violating the nation’s Foreign...
Maritime
Money Market
UBA raises support for entertainment industry
United Bank for Africa Plc (UBA), has increased support for the entertainment industry by throwing its weight behind the online lifestyle channel, REDTV Rave.
The...
How 15 DMBs recorded N4.47tr shareholder’s funds
No less than 15 Deposit Money Banks (DMBs) operating in the country recorded a whopping N4.47 trillion shareholder’s funds in 2016.
The underlying commercial...
Uzoka leads UBA team to World Economic Forum
The United Bank for Africa (UBA) will be strongly represented at the annual meeting of the World Economic Forum (WEF), which begins in Davos,...
Diamond Bank debunks speculation on new investor fund
The Board of Diamond Bank Plc has denied media speculations relating to comments attributed to its former Chairman, Mr Oluseyi Bickersteth on new investment...
Heritage Bank, EDC to boost entrepreneurship in Nigeria
As part of efforts to reduce unemployment rate in the country by creating jobs and build a network of entrepreneurial leaders through commitment to continuous...
Olagunju, BoI acting MD bags African Banker Icon award
In recognition of the Bank of Industry’s support for the nation’s development and commitment of its board to the vision and agenda on industrialisation,...
Ecobank engages fleet companies for Lagos operations
Ecobank Nigeria has enlisted the services of three fleet management companies to handle its transport services on Pay As You Go basis for its...
Forex: CBN pumps additional $100m into market
The Central Bank of Nigeria (CBN) on Tuesday injected another sum of 100 million dollars into the interbank foreign exchange market, its acting Director,...
Energy
Discos not responsible for stoppage of CAPMI scheme –ANED
The Association of Nigerian Electricity Distributors (ANED) on Wednesday said that the body was not responsible for the stoppage of the Credited Advance Payment...
GenCos, DisCos trade blames over low power output
Electricity generating companies (Gencos), and their counterparts in the distribution networks, (the Discos), at the weekend traded blames, accusing each other of being responsible...
Investor apathy, bane of investment in power sector
The Power Sector Recovery Programme (PSRP) of the government has shown that Nigeria’s electricity sector which was massively courted by local and international investors...
Billing controversies may delay metering of consumers
The controversies surrounding estimated billing may delay metering of consumers who are yet to be metered.
Investigation reveals that uncertainties still surrounds government’s implementation of...
Electricity: Discos to lose N164b by 2018
By 2018, Nigeria’s electricity distribution companies, DisCos, would have lost a whopping N164 billion to under-recovery of cost otherwise known as sculpting.
According to the...
NERC, Works Ministry feud over destruction of electricity infrastructure
The Nigerian Electricity Regulatory Commission, NERC, has raised concerns over destruction of electricity facilities due to engineering and construction works across the country.
According to...
Nigeria: Power generation relapses to 266MW
Nigeria is now experiencing a drastic drop in power generation after the Nigerian Electricity System Operator, SO, website, a sub agency of TCN, Transmission...
National Assembly raises rural electrification budget to N31bn
The National Assembly has doubled the 2017 budget proposal of the National Rural Electrification Agency, NREA, raising the executive expenditure proposal for the agency...
Telecoms
CBN, NCC give reasons for intervening in Etisalat crisis
The Central Bank of Nigeria (CBN) has said it intervened in the crisis between Etisalat and a consortium of 13 Nigerian Banks over a...
Glo showcases digital solutions at Africa CEO Forum
As chief executives of multinational companies and policy makers converge on Kigali, Rwanda, on March 25 and 26 for Africa CEO Forum, Globacom,...
APO Group, Africa Tech Now to strengthen Africa’s visibility in Las Vegas
The leader in media relations in Africa and Middle East, APO Group, and the Africa Tech Now organizers, International Boost, have announced the...
S &P downgrades MTN group’s credit ratings
Ratings agency Standard & Poor's (S&P) has lowered the MTN group's credit ratings, following the downgrade of Nigeria's sovereign rating last month.
MTN also confirmed...
MTN may exit Nigeria over fines, others
Indications have emerged that MTN may exit the Nigerian market over what it terms incessant imposition of fines and penalties by the Nigerian Communications...
MTN gets 4.2m new subscribers, posts N329bn revenue in Q1
Telecoms giant, MTN Nigeria has recorded an additional 4.2 million mobile subscribers in the first quarter of 2020, as its service revenue soared 16.7...
Data war: MTN gains 1.69 million subscribers in July
Nigeria’s telecommunication landscape witnessed another high level of competition in terms of the data war among operators, as subscribers exercised their power of ‘free...
Nigeria remains Africa’s largest mobile market
Nigeria has retained the position of the largest mobile market in Africa in terms of subscriptions, with 150.22 million mobile subscriptions at end-2Q 2016,...
Interviews
Sanwo-Olu at 54: Celebrating man on mission for greater Lagos
By Gboyega Akosile
A good head and good heart are always a formidable combination. But when you add to that a literate tongue or pen,...
COVID-19: Time for Nigeria to start looking beyond oil expert
A development and governance expert, Dr Chiwuike Uba, has expressed satisfaction with the decision of the Organisation of Petroleum Exporting Countries (OPEC) under the...
Port Louis, Mauritius is best Africa city – Quality of Living Survey
Mercer, a global consulting leader in advancing health, wealth and careers, and a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), ranks...
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...
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...
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...
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...
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...
