News
NSE launches multi-asset brand campaign
As part of efforts to boost investor education and increase investor participation in the Nigerian capital market, The Nigerian Stock Exchange (NSE) has flagged...
Nigeria Rugby Sevens to play in 2020 Olympic qualifiers
Rugby Africa has confirmed Nigeria’s participation at this year’s Olympic Qualifiers to be held in South Africa in November following Nigeria’s superb performance at...
Maritime
Money Market
Ecobank mobile app reaches 4 million users milestone in Africa
The upgraded version of Ecobank’s revolutionary mobile app has attracted 3 million new customers in just 6 months, taking the total number of users...
Naira gains N6, as CBN suspends 19 banks, 195 BDCS from FX sale
Contrary to analysts’ predictions that the Naira would suffer a setback in its recent appreciation in the foreign exchange markets, the local currency on...
Jaiz Bank reports 66% profit decline in 2016
Jaiz Bank has reported a profit after tax of N311.3 million for the 2016 financial year ended 31st December 2016.
The company’s PAT represents a...
Access Bank profit up 34% in Q1
Access Bank’s first quarter (Q1) unaudited financial results released to the Nigerian Stock Exchange has shown a 34 percent increase in profit after tax...
Naira appreciates to N487/$1 at parallel market
The Naira yesterday appreciated by N3 to close at N487 per US dollar from Tuesday’s N490, having traded for 495 per dollar last Friday...
UBA raises support for entertainment industry
United Bank for Africa Plc (UBA), has increased support for the entertainment industry by throwing its weight behind the online lifestyle channel, REDTV Rave.
The...
CIBN wants Edo Govt. support to reduce threats to banks
The President, Chartered Institute of Bankers of Nigeria (CIBN), Mr Olusegun Ajibola, has called for the support of Gov. Godwin Obaseki of...
GTBank, others pay workers N271.64bn in H1 2020
GTBank, Access Bank, Zenith Bank, FBN Holding, and 9 other banks listed on the Nigeria Stock Exchange (NSE) spent N271.64 billion on personnel expenses...
Energy
Association berates Edo Governor over row with BEDC
The Association of Nigerian Electricity Distributors, ANED, has lent its voice to the ongoing row between the Governor of Edo State, Godwin Obaseki and...
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...
Electricity: MAPs to offer relief to consumers
In a move to alleviate the frustrations of Nigerian consumers in the acquisition of electricity metres, the Nigerian Electricity Regulatory Commission (NERC) has introduced...
IKEDC begins roll out of 106, 000 pre-paid metres
Leading electricity suppliers in Lagos, the Ikeja Electricity Distribution Company, on Friday, began the distribution of 106,000 prepaid metres to customers across its six...
Nigeria’s power sector reform yet to meet expectations of businesses
The president of the Lagos Chamber of Commerce and Industry (LCCI), Mrs Nike Akande, has warned that the power sector reform undertaken four years...
Nigeria’s Shoreline Energy multiplies gas supply efforts to aid local consumers
Shoreline Energy Limited (parent company of Gasland Company Ltd.) and The Shell Petroleum Development Company of Nigeria Limited (SPDC) have signed an agreement to...
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)...
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...
Telecoms
MainOne listed as Microsoft Azure ExpressRoute connectivity provider for Nigeria
MainOne, West Africa’s leading communications Services Company and operator of the premier Tier III Data Center, has announced its official listing by Microsoft as...
Digital broadcasting: Abuja goes live Dec 13
The National Broadcasting Commission (NBC) will switch over to digital broadcasting in Abuja on December 13.
NBC stated that it remains committed to migrating from...
NCC not fan of Google’s free wi-fi
The enthusiasm of many Nigerians about the prospects of Google’s free Wi-Fi across the country may never be realized as the Nigerian Communications Commission...
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...
Why Galaxy Note 7 catches fire often, by Samsung
Samsung, a global giant in smartphones has blamed faulty batteries for the fires that hit its flagship Galaxy Note 7 device last year.
The South...
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...
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...
MTN ready to list on NSE, converts into a public company
MTN Nigeria Communications (MTN) has announced that it is now ready to enlist on the Nigerian Stock Exchange (NSE) and as such had completed...
Interviews
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...
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...
AMCON: After failed mission, what’s next?
It has been exactly ten years and a few days since July 19, 2010, when former Nigerian President, Goodluck Ebele Jonathan, signed the AMCON...
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...
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...
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...
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...
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...
