News
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...
CBN want importers to trade with Yuan not dollar
The Central Bank of Nigeria (CBN) has started lobbying Nigerian companies importing goods from China to use the Chinese yuan instead of the U.S....
Maritime
Money Market
Keystone Bank declares strong Q1 financial result
After some years in the doldrums, and following its most recent acquisition by Sigma Golf - Riverbank consortium, moves by the new management team...
NASS, NDIC worry over N1.85trn NPLs in banking sector
The Nigeria Deposit Insurance Corporation (NDIC) and the House of Representatives committee on insurance and actuarial matters have lamented over the N1.84 trillion Non-Performing...
Stanbic IBTC Group reports 10% growth in revenue Q3 2016
Stanbic IBTC Holdings, a member of Standard Bank Group, has announced its nine months unaudited results for the period ended 30 September 2016.
Financial highlights...
GTBank declares 30 kobo interim dividend for half-year 2019
Guaranty Trust Bank Plc (GTBank) has declared an interim dividend of 30 kobo per ordinary share of 50 kobo for the period ended Sunday,...
Customer interface: GTB, FCMB, others are best banks of 2019
The latest Nigeria Banking Industry Expectation Survey released by KPMG has disclosed that GTBank Plc, FCMB Plc, and Citibank Plc have been rated best...
Naira appreciates 30.3%, highest against dollar in 10 months
The naira on Friday appreciated by 30.3 per cent, the highest since February when the Central Bank of Nigeria (CBN) began its aggressive interventions...
How #OccupyCBN protest flopped
The attempted protest against the foreign exchange policies of the Central Bank of Nigeria (CBN) tagged #OccupyCBN protest on Friday by a group allegedly...
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...
Energy
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...
Consumers protest poor power supply, crazy bills in Calabar
No fewer than 600 electricity consumers from Efut Musaha Clan in Calabar South on Thursday stormed the Customer Care Centre of the Port Harcourt...
AfDB’s SEFA grants $760,000 for renewable energy projects across Africa
The African Development Bank managed Sustainable Energy Fund for Africa (SEFA), has approved a $760,000 grant to Empower New Energy AS (EmNEW), to develop...
FG must fix power sector to fix economy – ANED
The Association of Nigerian electricity distributors (ANED) Director of Research and Advocacy, Sunday Oduntan has called on the Federal Government to fix the power sector as it is the only...
AfDB, partners commit $62bn to Africa’s energy development
The African Development Bank (AFDB), Private sector and other partners are desirous of ending Africa’s energy crisis with the commitment of $62 billion to...
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....
TCN to attain 20,000mw transmission capacity in 3 years
The Interim Managing Director of Transmission Company of Nigeria (TCN), Mr Usman Gur Mohammed said the firm targets 20,000 megawatts (mw) transmission capacity in...
Kaspersky CyberSecurity for Energy boosts critical infrastructure protection
Kaspersky Lab has announced the global availability of Kaspersky Industrial CyberSecurity for Energy, a vertical advanced package for energy enterprises, based on Kaspersky Lab’s...
Telecoms
IFC, Google, others invest in CSquared to boost broadband in Africa
IFC, a member of the World Bank Group, Google Inc., Convergence Partners, and Mitsui & Co. have decided to invest up to $100 million...
Smile unveils 0702 SIM proposition 4GLTE, brand ambassador
Smile Communications Nigeria Limited has further pushed the notch of differentiation by giving practical expression to its status as an innovative full telecommunications services...
FG launches central database to track assets in MDAs
The federal government has launched an asset tracking and management project which will enable it to locate, identify, assess and evaluate all its moveable...
Nigeria ripe for liberalized spectrum trading – Stakeholders
Stakeholders at the 1st Annual Forum on Engineering and Emerging Technologies in the communications industry organized by the Nigerian Communications Commission (NCC) have canvassed...
Use ICT to arrest recession – LCCI boss
The President, Lagos Chamber of Commerce and Industry, (LCCI), Mrs. Nike Akande has said the nation’s Information and Communication Technology, (ICT), sector can revive...
Nigeria’s VAS market to get $500m boost in five years
The Nigerian telecommunications industry is expected to receive a boost as the Value Added Services (VAS) segment which is valued at $200 million per...
Minister highlights focus of new ICT varsities at TechPlus 2017
The 2017 edition of West Africa’s largest annual Technology conference and exhibition, TechPlus was formally flagged open by the Minister of Communications, Bar. Adebayo...
No hiding place for call masking companies – NCC
The Nigerian Communications Commission, NCC, has said it has held a meeting with the six telecom companies accused of “call masking” to confront them...
Interviews
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 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...
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...
Outlook 2020: Africa’s economy forecast to grow despite external shocks
For the first time in a decade, investment expenditure rather than consumption accounts for more than half of GDP growth; report calls for urgent...
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,...
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...
How AI helps Huawei build green data centres
Safer, more reliable, cleaner
By Huawei
Data centres are being overhauled, revamped and modernised to support digital transformation and the power-hungry cloud deployments they contain.
Artificial...
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...
