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Dangote Sugar grows revenue by 68%
Dangote Sugar Plc commitment to reward shareholders in the face of challenging environment has been demonstrated by the company’s 2016 audited financial statement which...
Nigerian schools brace up for 2018 Maths competition
Public and private secondary schools across the country have been urged to register their best JSS3 and SSS2 candidates for the 2018 Cowbellpedia Senior...
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ABCON members train for forex market
The Association of Bureaux De Change Operators of Nigeria (ABCON) says it is committed to deepening professionalism among its members to gain investors’ confidence.
ABCON...
UBA emerges Financial Brand of the decade
United Bank for Africa (UBA) Plc has added yet another laurel to its cap as it emerged the Financial Brand of the Decade at...
GTBank wins big at Africa Banker Awards
On the side-lines of the 2017 Annual Meeting of African Development Bank (AFDB), Guaranty Trust Bank Plc has been named the African Bank of...
Access Bank raises US$300m Eurobond from international market
Leading financial institution, Access Bank Plc has successfully raised US$300 million via a Eurobond from the international bond market.
The Bank recently assessed the international...
NIBSS, Etisalat, others unveil mCash Payment Solution
In pursuit of the financial inclusion vision of the Central Bank of Nigeria, CBN, the Nigeria Inter-Bank Settlement System, NIBSS, in partnership with several...
UBA, Access, other banks drive FMDQ November activities
Three first tier banks in Nigeria have been named by the FMDQ as top drivers of its activities for the ten months period spanning...
Naira depreciates by 0.28% at parallel FX market
Negative sentiments prevailed at the end of trading activities in the Treasury Bills space during the week. The average yield on T-Bills advanced by...
Treasury bill sales, N120b bond auction may jerk up market rates
Continued sale of Treasury Bills (TB) by the Central Bank of Nigeria (CBN), which is an effort to mop-up excess liquidity in the system,...
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Forex volatility contributes to power sector challenges
The Abuja Chamber of Commerce and Industry Ltd (ACCI) has said that instability in Forex, inadequate liquidity and insufficient gas supply are inhibiting optimal...
Power shortfall may hit N3trn by year end
Acting Chairman /Chief Executive Officer, Nigerian Electricity Regulatory Commission, NERC, Anthony Akah , has said that if care is not taken, shortfalls in the...
Group wants N90.4bn CBN electricity fund accounted for
The Association of Nigerian Electricity Distribution Companies (ANEDC) has said that a balance of N90.4 billion out of the N213 billion Federal Government’s intervention...
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...
Nigeria needs 180,000 MW electricity – GenCos
The Association of Power Generation Companies GenCos, has said the country needs 180,000 megawatts of electricity to be sufficient.
The body, through its Executive Secretary...
N26.4bn debt, others hamper Olorunsogo 335MW capacity
Managing Director/Chief Executive Officer of Pacific Energy Company Ltd, operator of Olorunsogo Power Plant in Ogun State, Monsuru Afinni, has disclosed that a debt...
Payment by 9 electricity companies below 50%
The Market Operator (MO), has singled out the Eko Distribution Company (Eko DisCo) as the only firm to pay 100 per cent of its...
How power sector lost N2b in two days … Stalls 4,405MW of...
Nigeria’s power sector has lost a whopping N2.114 billion to gas, water and grid constraints in two days, a daily report of the power...
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Stakeholders canvass retention of Mobile Economy Dialogue
Stakeholders in the public and private sector, particularly those from the Information and Communications Technology (ICT) have called for the retention of the quarterly...
21 telecom operators closed shop in 10 years – ALTON
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) said that 21 telecommunications operators in the country have closed shops in the last 10...
Minister facilitates $4b telecom investments from India
The Minister of Communications, Barr. Abdur-Raheem Adebayo Shittu has struck a business deal in Geneva, Switzerland to facilitate over $4 billion telecommunication investments from...
90% Africans still lack Internet access
The Internet World Statistics (IWS) has declared that despite the growth of Information Technology (IT) on the continent of Africa some 90.7 percent still...
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...
Lagos accounts for 12.8% telecom subscribers in Nigeria
Lagos, Nigeria’s largest commercial hub, is accounting for 19.04 million, representing 12.8 percent of telecommunications voice subscribers in Nigeria, which is put at 154...
Nigeria needs smart cities to drive infrastructure, innovation – Shittu
Minister of Communications, Mr Adebayo Shittu has said Nigeria needs smart cities that will link infrastructure and innovation to make cities more efficient, safer...
MainOne unveils plan to become largest internet hub
Following the partnership of MainOne’s Data Center company, (MDXi), with the Nigerian Internet Exchange, (IXPN) to improve national transit traffic in Nigeria, the company...
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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...
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 conditions improve in Nigeria- Survey
A survey conducted by Stanbic IBTC research analysts has indicated that business conditions in the country have continued on an upward trend for the...
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...
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...
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...
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...
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...
