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Group wants Cross River Basin probed for ‘widespread corruption’
The Socio-Economic Rights and Accountability Project, (SERAP) has sent an open letter to the Minister of Water Resources, Engr. Suleiman Adamu, urging him to...
Former Bauchi commissioner, others arraigned for N214. 7m scam
The Economic and Financial Crimes Commission EFCC, Thursday arraigned the quartet of Garba Dahiru, Halliru Abdullahi, Sale Hussaini Gamawa and Aminu Umar Gadiya before...
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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...
Skye Bank promotes 300 employees
Skye Bank has announced the promotion of over 300 staff in its employment following the 2016 annual staff performance review exercise.
The promotion which cuts...
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...
Heritage Bank sponsors African Fashion & Design Week expo
In line with its strategic plan of identifying and supporting Micro, Small and Medium scale Enterprises (MSMEs), Heritage Bank Plc is proudly sponsoring the...
OBB rate settles at 14.83% as average T-Bills yield advances 0.10%
At the close of yesterday's trading session, the Open Buy Back, OBB and Over Night, OVN rates advanced by 16bps and 25bps to settle...
Banking sector procures 30.5% of total capital import in Q3
The banking sector with $555.52 million, or 30.49 percent of the total capital imported into the country in the third quarter of 2016, regained...
Naira gains against dollar at parallel market
The Naira on Thursday marginally appreciated against the dollar at the parallel market.
The Nigerian currency gained three points to exchange at N462 to a...
FirstBank wins ISO 9001: 2015 Quality Management Systems certification
First Bank of Nigeria Limited, a subsidiary of FBN Holdings Plc and Nigeria’s most valuable bank brand, has achieved the Quality Management Systems certification...
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BEDC pledges improved customer experience
In line with statutory requirements, Benin Electricity Distribution Plc. (BEDC) has become the first electricity distribution company in Nigeria to review operations as it...
NAPTIN accesses €13M fund for training African power firms
The National Power Training Institute of Nigeria (NAPTIN) has been endorsed by the Association of Power Utilities in Africa (APUA) as a priority centre...
Power generation relapses below 4000MW
Nigeria’s power generation has dropped from 4,285 megawatts recorded on September 16 to 3,321 megawatts yesterday following gas scarcity, data from Nigeria Electricity System...
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)...
Dangote’s $150m solar project to be sited in Kano
Establishment of the $150 million solar power project being sponsored by the Dangote Group and Blackrhino gets closer to reality as the Kano State...
Agency mulls community ownership of power systems
The Rural Electrification Agency (REA) – an agency of the federal government charged with connecting rural people to electricity supplies, has initiated a new...
GenCos, DisCos trade blames over low power output
Electricity generating companies (Gencos), and their counterparts in the distribution networks, (the Discos), at the weekend traded blames, accusing each other of being responsible...
N26.4bn debt, others hamper Olorunsogo 335MW capacity
Managing Director/Chief Executive Officer of Pacific Energy Company Ltd, operator of Olorunsogo Power Plant in Ogun State, Monsuru Afinni, has disclosed that a debt...
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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...
Nigeria needs smart cities to drive infrastructure, innovation – Shittu
Minister of Communications, Mr Adebayo Shittu has said Nigeria needs smart cities that will link infrastructure and innovation to make cities more efficient, safer...
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...
Globacom appears favoured as 9Mobile shops for buyer
GSM operator, Globacom could be the new owner of 9Mobile if recent media reports are anything to go by. Results of the bidding process...
CPC wants new MoU with NCC on quality of service
The Consumer Protection Council, (CPC) has requested for a new memorandum of understanding (MOU) with the Nigerian Communications Commission (NCC) in order to sustain...
Network infrastructure, digital transformation top priorities for African operators
Acceleration of digital transformation strategies, investment in new wireless and fixed network infrastructure, and embracing emerging technologies such as AI and IoT are among...
SIM Boxing, threat that telecom companies, governments should fight
By Derrick Sebbaale - Independent ICT Consultant
In 2016, it was estimated that telecom companies in Uganda on annual basis were losing about $60m due...
Minister facilitates $4b telecom investments from India
The Minister of Communications, Barr. Abdur-Raheem Adebayo Shittu has struck a business deal in Geneva, Switzerland to facilitate over $4 billion telecommunication investments from...
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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...
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 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...
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...
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...
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...
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...
