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Fayose presents N93.4bn ‘budget of higher height’
Ekiti State Governor, Ayo Fayose, on Tuesday presented a budget christened, "Budget of Higher Height, " with estimate of N93.4 billion to members of the...
World Bank Launches Program to Support Africa’s Digital Entrepreneurs
The World Bank Group (www.WorldBank.org) has launched XL Africa (www.XL-Africa.com), a five-month business acceleration program designed to support the 20 most promising digital start-ups...
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Naira faces more decline, as expected inflow fails
Contrary to the general belief that the Nigerian currency, the Naira would strengthen during the festive season with the expected increase in dollar flows...
Nigerian banks remain strong, Emefiele assures Afreximbank board
The third quarterly meetings of the Board of Directors of the African Export-Import Bank (Afreximbank) ended in Lagos, Nigeria, yesterday with Godwin Emefiele, Governor...
NDIC tasks MFBs on counteracting effects of falling oil prices
The Micro Finance Banks (MFBs) have been charged to focus on identifying and implementing solutions to counteract the effect of the falling oil prices....
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,...
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...
Naira stable at 380/$1, after retention of status quo
A day after the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) concluded its two day bi-monthly meeting in Abuja, with...
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,...
FG determined to resist further devaluation of naira – CBN
Despite the pressure from both local and foreign investors to see Nigerian government devalue its currency, the federal government through the Central Bank of...
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Nigeria needs 180,000 MW electricity – GenCos
The Association of Power Generation Companies GenCos, has said the country needs 180,000 megawatts of electricity to be sufficient.
The body, through its Executive Secretary...
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...
Power: More people call for independent generation
Calls for independent generation and distribution of power thicken as the system of generating and transmitting to the National Grid has not helped matters...
Why we failed to transform power sector – EKDC boss
Operators in the power sector have faced enormous challenges in the last three years when the new owners took over the operation in the...
BPE to determine listing of DisCos on NSE — Association
The Association of Nigerian Electricity Distributors (ANED) says listing shares of Electricity Distribution Companies (DisCos) on the Nigerian Stock Exchange (NES) will be determined...
OPEC should respond promptly on freeze deal – Chakib Khelil
Former Algerian energy minister, Chakib Khelil who led OPEC the last time it decided to cut supply, has said the organisation needed to do...
Eko Disco sorry over recent blackouts in Lagos
The management of Eko Electricity Distribution Company has apologised to customers in Lagos for continuous shortage of electricity supply in the area in recent...
Investor apathy, bane of investment in power sector
The Power Sector Recovery Programme (PSRP) of the government has shown that Nigeria’s electricity sector which was massively courted by local and international investors...
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Sub-Saharan telecoms market to hit $51bn mark by 2021
Sub-Saharan Africa's telecoms service market will be worth US$51 billion in 2021 and the retail telecoms revenue in the region will grow at a...
NCC contributes N1.4trn to economy
The Chief Executive Officer of Nigeria Communication Commission (NCC), Prof Umar Danbatta, says the commission has contributed more than N1.4 trillion to the economy...
Google trains 1 million Africans on digital skills
Google has declared that it has reached the 1 million milestone in its Digital Skills programme and committed itself to training of one million...
Telcos seek licences to boost financial inclusion from CBN
Association of Licensed Telecommunications Operators of Nigeria (ALTON) has said operators have commenced discussion with the Central Bank of Nigeria CBN, for licences to...
Nigeria attains 20.95% broadband penetration
Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta has said that Nigeria’s Broadband penetration has reached 20.95 percent.
Speaking in Abuja...
FG to expand nation’s digital governance platform – Minister
Minister of Communications, Abdur-Raheem Adebayo Shittu on Thursday in Abuja said efforts are on to expand the number of Data Centres in the...
Etisalat battles image challenges as it unveils new brand
Still battling with negative image as a result of the crises that culminated into its recent name change, 9Mobile Telcom, formerly known as Etisalat...
Mobile banking users to attain 2 billion by 2020
The number of mobile banking logins is now exceeding that of Internet banking logins in many markets, according to Juniper Research.
The report stated that...
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Lagos begins evacuation of articulated vehicles on Apapa- Oshodi expressway
In its determination to ensure free flow of traffic and safety on the road, the Lagos State Government on Wednesday commenced the process of...
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...
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...
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...
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...
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...
