News
BoI pledges funding for Edo agro-processing sector
The Bank of Industry (BoI) has pledged more funding support to industrialists in Edo State to enable them to create value for their agricultural...
Tomato paste industry faces extinction if FX policy remains – Union
The Union of Tomato Paste Manufacturers in Nigeria through its spokesman, Mr. Nnamdi Nnodebe, has hinted that the once vibrant industry might stop existing...
Maritime
Money Market
Sallah: Bank customers decry poor services at ATMs
Bank customers in the country have called on the Central Bank of Nigeria (CBN) to ensure commercial banks live up to their mandate of...
Banking sector may collapse over high CRR
The Nigerian banking system have been projected to collapse in the near future if the present hash operating environment characterized by high Cash Reserve...
FirstBank becomes sole FX Dealer to BDCs
The Central Bank of Nigeria (CBN) has announced FirstBank Limited, as the sole authorized dealer for foreign exchange proceeds to licenced Bureau de Change...
FirstBank partners Oyo State on women empowerment
FirstBank in its bid to provide women with an amazing opportunity for financial empowerment and sustainable economic growth has partnered with the Oyo State...
Ex-GM stresses need for integrity in financial services
The Managing Director of FundTrust Multipurpose Cooperative Society, Chief Silas Ifeanyi, has stressed the importance of integrity in the discharge of financial services to...
How GTBank, Zenith made over N30bn from electronic business fees
Two of Nigeria’s biggest banks, Zenith Bank and GTBank, reported record-high profits of N193 billion and N184.6 billion (respectively) for the fiscal year ended...
Nigerian banks in fiscal, monetary crisis – ACS
A new report has said that Nigeria’s banking industry is experiencing a “full-blown financial crisis”.
According to Dubai-based financial services firm, Arqaam Capital Securities, ACS,...
SunTrust Bank’s profit soars first year as commercial bank
SunTrust Bank began commercial banking activities last year with the vision to “offer high quality retail and commercial banking services in a modern and...
Energy
Nigeria’s power liquidity gap hits N1 trillion – EKEDC boss
The Chief Executive Officer of Eko Electricity Distribution Company (DisCo), Dr Oladele Amoda has lamented that the funding gap in the power sector has...
Direct electricity sale will liberate sector – GenCos
The Association of Power Generation Companies, APGC, has said that the Federal Government’s directive on direct sale of electricity to end users was a...
Excitement over opportunities at Future Energy East Africa forum
Huge potential, unlimited opportunities, this is how energy experts in the region describe the East African power sector. A required investment of approximately $93...
Danfoss continues to invest in sustainable transformation
There has been growing momentum in the energy sector which appears to give credence to governments across the world’s commitment to transition to low-carbon...
FG moves to settle Gencos, Discos debts
The federal government is currently making moves to pay the outstanding debts owed Gas Companies, Generation Companies (Gencos) and Distribution companies (Discos).
The Minister for...
ECOWAS to enhance electricity access by 35% on renewable energy
ECOWAS Centre for Renewable Energy and Energy Efficiency has reaffirmed its commitment to increase household access to electricity in the sub-region by 35 per...
Anxiety as FG moves to deregulate electricity meter acquisition
Minister of Power, Mr Babatunde Fashola, has announced plans to liberalise the acquisition of meters by customers for the 11 electricity Distribution Companies (DisCos)...
8 day power outage looms in Lagos
Ikeja Electric (IE) Plc has said there would be interruption of power supply to some parts of Lagos from Nov. 3 to Nov.10.
In a...
Telecoms
Why Galaxy Note 7 catches fire often, by Samsung
Samsung, a global giant in smartphones has blamed faulty batteries for the fires that hit its flagship Galaxy Note 7 device last year.
The South...
Nigeria can save $5.6bn via public sector transformation
Nigeria has been ascribed as capable of saving up to $5.6bn annually if it digitally transforms and integrates the information and communications systems of...
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...
Facebook, Nigerian groups, partner for safer internet
Facebook is partnering with public sector agencies and non-governmental organisations (NGOs) from Nigeria and across Africa under the rallying call “Be the change: unite...
MTN, MultiChoice to seal acquisition deal end of June
Top management employees at the MTN Group head office in Johannesburg, South Africa, have hinted that the company will take a stand by 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...
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...
MTN Group appoints Jens Schulte-Bockum as COO
Jens Schulte- Bockum will resume as the Chief Operating Officer (COO) of MTN Group on January 16, 2017, according to the South Africa mobile phone...
Interviews
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...
Tax Appeal Tribunal resolves N10bn worth of disputes
The Tax Appeal Tribunal sitting in Kaduna, with jurisdiction over the North West Zone, comprising the seven States of Kaduna, Kano, Kebbi, Katsina, Zamfara,...
International Coffee Day: Nestle tells the NESCAFÉ story
The story of your NESCAFÉ begins long before it reaches your cup. The tiny coffee bean, which is dried, roasted and ground into 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...
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...
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...
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...
AMCON: After failed mission, what’s next?
It has been exactly ten years and a few days since July 19, 2010, when former Nigerian President, Goodluck Ebele Jonathan, signed the AMCON...
