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Bloomberg pledges $5.5mn for climate action
Bloomberg Philanthropies has announced that Michael R. Bloomberg, the United Nations Secretary-General's Special Envoy for Climate Action, will contribute $5.5 million in support of...
Dangote, KDSG partner on infrastructure development
In a bid to improve the infrastructure of Kaduna State, Governor Nasiru Ahmad El-Rufai, has revealed that talks are ongoing between the State Government...
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Trump’s victory causes Naira appreciation
The victory of Donald Trump in the just concluded United States Presidential election has no negative impact on the value of the Nigerian currency,...
UBA, MEC Inc. launch Omni-channel payment system, EmailMoni
MEC, Inc. announced on Thursday that it has entered into agreements with pan-African financial services group, United Bank for Africa ("UBA") Plc to provide...
Fidelity Bank restates strategic plan, corporate sustainability
Top Nigeria lender, Fidelity Bank Plc, has reaffirmed its commitment towards achieving its five-year strategic plan whilst advancing socio-economic development through its Corporate Social...
Heritage Bank to deepen full steam retail banking, sustainable growth
Heritage Bank Plc has restated commitment through its growth strategy to deepen its full stream retail banking franchise to match the rapidly changing needs...
Savings culture: Fidelity Bank creates 7 new millionaires
In its determination to transform no less than 63 lucky customers into instant millionaires, Fidelity Bank Plc, has again created another set of seven...
FCMB: Shareholders get N2.77bn dividend for 2018 financial year
First City Monument Bank Plc (FCMB) has declared and paid a dividend of 14 kobo per ordinary share, translating to N2.77 billion for...
Naira firms against dollar, as CBN injects additional $380m
The Naira on Thursday consolidated gains against the US dollar to close at 385 per dollar at the parallel market, following a total of...
Why Nigerian banks can’t lend to SMEs
Hajiya Zainab Ahmed, the Minister of State, Budget and National Planning, has linked the inability of commercial banks to lend to Small and Medium...
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ENGIE, Fenix accelerate development in Uganda’s energy market
ENGIE and Fenix announce that they have agreed on a transaction in which ENGIE will acquire 100% of Fenix International, a next generation energy...
Labour wants FG reappraise PHCN sale agreement
Unimpressed with the performance index of electricity companies in the country, the Senior Staff Association of Electricity and Allied Company (SSAEAC) has urged the...
Access to electricity key to Africa’s development
Africa will not fully develop if hundreds of millions of its people continue to live without electricity, Economic Commission for Africa’s Executive Secretary, Vera...
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...
Reps pass bill criminalising estimated billing by DisCos
A bill for an Act to amend the Electric Power Reform Act to prohibit and criminalise estimated billing by the Electricity Distribution Companies (DisCos)...
Eko Disco announces 5-day planned power outage
Eko Electricity Distribution Company (EKEDC) announced that there would be five days power outage within Ikoyi, Victoria Island and part of Lagos Island from...
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...
Electricity: Discos to lose N164b by 2018
By 2018, Nigeria’s electricity distribution companies, DisCos, would have lost a whopping N164 billion to under-recovery of cost otherwise known as sculpting.
According to the...
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Again court adjourns MTN’s tax fraud case
The $2 billion tax fraud case between MTN Nigeria and the Office of Nigeria’s Attorney General suffered yet another delay today, following its adjournment...
Active telecom subscribers drop to 149m in April — NCC
The Nigerian Communications Commission (NCC) has disclosed that active telecommunication subscribers reduced from 152,467,198 in March, 2017 to 149,249,510 in the month of April.
The...
FG sets December date to launch digital broadcasting in Abuja
The Minister of Information and Culture, Alhaji Lai Mohammed, has declared that the Digital Switch Over (DSO) in broadcasting in the Federal Capital Territory...
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...
Yahoo changes name to Altaba
Yahoo has declared that having closed its deal with Verizon Communications it would rename itself Altaba and chief executive officer Marissa Mayer would step...
Telecom coys to pay N16bn to subscribers over unsolicited SMS, calls
Telecom subscribers in Nigerian may now heave a sigh of relief over the challenges of unsolicited text messages as the Nigerian Communications Commission (NCC)...
African digital start-ups to secure capital from World Bank
Twenty African digital start-ups are set to secure between $250,000 and $1.5 million from the World Bank Group under its XL Africa initiative attracting...
Datacentre investment leaders highlight Africa investment opportunity
Large scale datacentre investment opportunities are increasing in Sub-Saharan Africa as key commercial hubs benefit from the critical combination of high quality international backbone...
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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...
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...
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...
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...
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 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...
