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UK pledges support for EFCC on anti-graft war
British High Commissioner to Nigeria, Paul Arkwright, has said that the United Kingdom will continue to support the anti-corruption crusade in Nigeria as is...
Nigerians spend $8bn on vehicle importation annually
The Vice President, Prof Yemi Osinbajo has stated that Nigerians spend about $8 billion annually on importation of vehicles.
Speaking at the 19th Abuja...
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Banks move N65trn through 910m e-payments – NBS
The National Bureau of Statistics (NBS) has said 910,186,115 transactions involving N65.16 trillion were recorded in 2016 as electronic payment in the banking sector.
This...
Union Bank kick starts 100th anniversary celebrations
One of Nigeria’s most respected financial institutions, Union Bank, has kicked off celebrations to mark its 100th anniversary of service in Nigeria. The kick-off...
Ecobank launches new mobile App to enable customers open account via tablets
Ecobank has launched the Ecobank Mobile App, an instant and convenient way of banking via the mobile phone. It is the first unified appliance...
Sterling Bank posts impressive FY 2017 performance
Sterling Bank Plc has released its FY-2017 results, which shows growth across major line items, save for the Net interest income which recorded a...
NIBSS, Etisalat, others unveil mCash Payment Solution
In pursuit of the financial inclusion vision of the Central Bank of Nigeria, CBN, the Nigeria Inter-Bank Settlement System, NIBSS, in partnership with several...
FirstMobile raises daily transactions limit to N1m
First Bank of Nigeria has announced increased transaction limits on its FirstMobile Lifestyle app to a maximum daily limit of N150,000 without the use...
UBA’S debut $500M Eurobond oversubscribed 240% by Global Investors
United Bank for Africa Plc (UBA) successfully raised USD500 million, though a debut Eurobond, which was 240% over-subscribed. The significant investor demand reflects the...
Naira may rebound against dollar, others this week
Strong indications have emerged that the Nigerian currency, the naira may return to gaining streak this week, against the US dollar and other major...
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Forex volatility contributes to power sector challenges
The Abuja Chamber of Commerce and Industry Ltd (ACCI) has said that instability in Forex, inadequate liquidity and insufficient gas supply are inhibiting optimal...
NNPC to build metering plant for Egbin power plant expansion
The Nigerian National Petroleum Corporation is to build 500million standard cubic feet of gas per day metering plant to serve the planned capacity expansion...
Erratic power supply, bane of economic growth – Dangote
African business leaders have singled out the unavailability and erratic supply of power across the continent as the biggest impediment to Africa’s growth, urging...
Benin Republic, Niger pay N48.84bn electricity bill to Nigeria
The Republics of Benin and Niger have paid a total of $159,773,116.61 (N48.84bn at the official exchange rate of N305.7 to a dollar) as...
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...
Power generation: Nigeria seeks $5.2b loan from World Bank
Fresh information reveals that the Federal Government of Nigeria is seeking a $5.2 billion loan from the World Bank to boost electricity generation.
It...
African utility week showcases home-grown solutions, business opportunities in energy market
African utility week showcases home-grown solutions, business opportunities in energy market
… Expo and conference to focus on major industry trends
The award-winning African Utility Week,...
Senate Committee plans public hearing on power sector
As the Senate Committee on Privatization and the Bureau of Public Enterprises (BPE) crisscross the power sector to assess the industry and get acquainted...
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We ‘ll continue to protect telecom consumers’ interest, says NCC
Worried by the barrage of complaints from the consumers of telecom services in the country, the Nigerian Communications Commission, NCC, on Thursday declared that...
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...
No increase on price of recharge cards, says MTN Nigeria
MTN Nigeria has denied claims by recharge card vendors, saying there was never an increase on the prices of its recharge cards.
Many subscribers who...
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...
Smart Cities Project: Public, private sectors need alignment – NCC boss
The Executive Vice Chairman of the Nigerian Communications Commission, Prof Umar Garba Danbatta, has called for alignment of synergy between the public and private...
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...
NiRA calls for censorship to check Internet vices
The Nigeria Internet Registration Association (NiRA), has recommended the introduction of Internet censorship to check abuse of content online.
Internet censorship is the monitoring or...
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...
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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...
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...
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...
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...
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...
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...
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...
