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AfDB approves US$70mn loan for Ebonyi State road project
The African Development Bank Group (AfDB), on Wednesday 24 April 2019 approved a $70 million loan for a road project in Nigeria’s southeastern Ebonyi...
Economist urges FG to increase liquidity rate to end recession
An Economist, Dr Tunde Adeoye, on Wednesday urged the Federal Government to increase the liquidity rate in the economy and regulate the interest rate...
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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...
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...
Banks unite to eliminate database fraud
As part of efforts to address negative corruptive perception index in the Nigerian financial environment, where fraud level is in significant figures and increasing...
Fitch affirms BoI’s sovereign rating, stable outlook
An international ratings agency, Fitch Ratings, has re-affirmed the national ratings of the Bank of Industry (BoI), describing its outlook as stable, even as...
Stanbic IBTC retains AAA national Fitch ratings
Stanbic IBTC Bank PLC and its holding company, Stanbic IBTC Holdings PLC, have retained their AAA national ratings by Fitch Ratings, the global leader...
FirstBank improves customer experience with new offerings
First Bank of Nigeria Limited has continued in its tradition of creating a value-chain of support for the interests and lifestyles of its customers....
Ecobank increases spend limits on Naira cards
Ecobank Nigeria has announced an increase in the maximum daily limit of its naira debit cards abroad, depending on the type of card held...
Heritage Bank repositions for improved performance
Heritage Bank has restructured its operations in a bid to enhance greater efficiency and resource optimization in line with its growth and industry innovative...
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Era of estimated billing to end soon – DisCos
The era of estimated billing is gradually coming to an end as the 11 Electricity Distribution Companies, DISCOs, have assured their non-Maximum Demand customers,...
Power supply to Nigerian households worsen in Q1 2019 – Survey
A new Power Poll results released by NOIPolls for the first quarter of 2019 has revealed that the power sector experienced a decline in...
10 developments that will shape Africa’s energy sector in 2019
After a year of rebound and recovery, Africa’s old and new hydrocarbons markets have an opportunity to further entrench the continent’s position as the...
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...
NERC to open customer complaints offices in 2017
In the face of dwindling electricity available to consumers, the Nigerian Electricity Regulatory Commission, NERC, has said it will set up 19 customer complaints...
Ikeja residents petition EFCC over outrageous bills
Residents of Ejigbo in Lagos State have lamented what they described as “outrageous bills’’ often issued to them by Ikeja Electricity Company (IEC)
According to...
Lagos to generate 3000 megawatts of electricity soon
Lagos State Governor, Akinwumi Ambode has stated that the initiative to generate 3000 megawatts of electricity for the state would go a long way...
Benin Electric, security firm partner to curb equipment vandalism
Benin Electricity Distribution Plc. (BEDC) has given a fillip to its fight against vandalism of power equipment across it network by partnering with a...
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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...
NCC denies membership of Etisalat’s new board
The Nigerian Communications Commission (NCC) has said that it was not among the members of the new board of Etisalat.
The Director of Public Affairs,...
MTN signs N200bn syndicated loan with 7 Nigerian banks
MTN Nigeria Communications Plc on Friday signed a seven-year 200 billion naira medium term facility with a consortium of seven mostly local banks.
In a...
MTN Fine: NCC denies bribery allegation against officials
Nigerian Communications Commission (NCC) has refuted allegations that some of its officials were bribed in the negotiation and ongoing settlement of the N330billion fine...
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...
One foreign, three Nigerian banks set to take over Etisalat
The consortium of a foreign and three Nigerian banks are set to take over telecommunications firm Etisalat today over unpaid N541.8billion debt.
According to a...
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...
Africa has 3 years to meet broadband target of 50% – Kagame
Rwandan President, Paul Kagame has said that public-private partnership (PPP) and bridging the digital divide will help Africa meet the Broadband Commission target of...
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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...
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...
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...
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...
OHP: PPP advancing sustainable healthcare systems in Nigeria
The first phase of the Oloibiri Health Programme (OHP) was recently inaugurated and comprises of the remodelled General Hospital, Kolo; Water Treatment Plant; Hybrid...
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,...
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...
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...
