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Nigerians consumed 1.8bn litres of petrol in one month – NNPC
The Nigerian National Petroleum Corporation (NNPC) has said that 1.8 billion litres of petrol was supplied to various dispensing outlets in the country in...
Lagos bus reform project to kick off March with 820 buses
Lagos State Governor, Mr Akinwunmi Ambode on Wednesday said plans have been firmed up to roll out the Bus Reform Project of the State...
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Standard Chartered launches digital-only retail banks in four African markets
Standard Chartered Thursday announced the start of the second phase of its digital-only retail bank across Africa. In response to growing consumer demand for...
First Bank, seven others post 69% of industry total assets –CBN
The Central Bank of Nigeria (CBN) has said that eight of Domestic Systemically Important Banks (D-SIBs) accounts for 69.05 per cent of the industry...
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,...
Keystone Bank partners NIPOST, launches Agency Banking
One of Nigeria’s most reliable financial institutions, Keystone Bank Limited has launched ‘KeyServ’ (An Agency Banking Proposition) to serve customers outside its conventional brick...
FirstMobile raises daily transactions limit to N1m
First Bank of Nigeria has announced increased transaction limits on its FirstMobile Lifestyle app to a maximum daily limit of N150,000 without the use...
First Bank consolidates international business, increases stake in DRC
First Bank of Nigeria Limited announced the acquisition of the remaining shares in FBNBank DRC Limited (FBNBank DRC), making it FirstBank’s wholly owned subsidiary.
FirstBank...
Union Bank kick starts 100th anniversary celebrations
One of Nigeria’s most respected financial institutions, Union Bank, has kicked off celebrations to mark its 100th anniversary of service in Nigeria. The kick-off...
Moody’s affirms Sterling Bank’s B2 rating
Moody’s, the international rating agency, has assigned a B2, stable rating to Sterling Bank Plc, Your one-customer bank because of its resilient deposit funding...
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Most Nigerians pay estimated bills for power consumption
The lower chamber of the National Assembly, the House of Representatives, recently commenced a process to prohibit the issuance of estimated bills to consumers...
Agency mulls community ownership of power systems
The Rural Electrification Agency (REA) – an agency of the federal government charged with connecting rural people to electricity supplies, has initiated a new...
Power supply to Nigerian households remain poor – NOI Polls
Latest NOI Polls shows that power supply to Nigerian households remain poor despite the clamour for steady supply of power in Nigeria.
The opinion poll...
Ikeja electric vows to prosecute anyone who assaults its staff
Ikeja Electric Plc has warned the general public that legal actions would be taken against any individual that launches any form of physical attack...
12 power plants generated zero megawatts electricity on Christmas day
The Nigeria Electricity Supply Industry, NESI, has said that about 12 power plants did not generate electricity during off-peak periods of the holidays.
The off...
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...
Erratic power supply, bane of economic growth – Dangote
African business leaders have singled out the unavailability and erratic supply of power across the continent as the biggest impediment to Africa’s growth, urging...
Why FG terminated Dangote’s network management contract
The recent termination of network management contract won by to the Dangote Group has been blamed on the faulty process of the concessioning agreement....
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MainOne listed as Microsoft Azure ExpressRoute connectivity provider for Nigeria
MainOne, West Africa’s leading communications Services Company and operator of the premier Tier III Data Center, has announced its official listing by Microsoft as...
NCC cautions public on fake contracts award
The Nigerian Communications Commission (NCC) has cautioned members of the public against letters of contracts purportedly awarded by the commission in circulation, saying they...
MTN ready to list on NSE, converts into a public company
MTN Nigeria Communications (MTN) has announced that it is now ready to enlist on the Nigerian Stock Exchange (NSE) and as such had completed...
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...
MainOne, others partner to improve internet connectivity in Lagos
MainOne and Tizeti have announced the completion of a joint development project with Facebook to enable the expansion of internet services in Lagos. This...
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...
We ‘ll continue to protect telecom consumers’ interest, says NCC
Worried by the barrage of complaints from the consumers of telecom services in the country, the Nigerian Communications Commission, NCC, on Thursday declared that...
Minister wants improved ties with India to develop tech-based solutions
The Minister of Communication, Barrister Adebayo Shittu has advocated Nigerian businesses to tap into the reservoir of knowledge among their Indian counterparts to develop...
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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...
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...
MTN’s history of disregard for Nigerian laws
By Henry Onyema
Since MTN officially entered into the Nigerian Telecoms Market in 2001, the company has had a notorious history of flagrant disregard...
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...
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...
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,...
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...
