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N2bn Scam: Court grants Oronsaye leave to travel
Justice Gabriel Kolawole of the Federal High Court, Abuja has granted Nigeria’s former Head of Service, HoS, Stephen Oronsaye, who is standing trial for...
Ogun, firm begin reconstruction of Lusada- Igbesa road
In its drive at revitalizing the economic activities at Agbara- Igbesa axis, in Agbara -Igbesa Local Council Development Area, Ogun State government in conjunction...
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Adeola retires as Sterling Bank CEO, Abubakar Suleiman takes over
Sterling Bank Plc has announced that its founding Director and long-serving Chief Executive Officer (CEO), Yemi Adeola has notified the Board of Directors of...
UBA puts customers first, introduces world class mobile banking App
In demonstration of its commitment to deliver superior and innovative banking solutions to its customers, pan African financial institution, United Bank for Africa Plc,...
Why Nigerian banks face future of low profits, by Fitch
An international ratings agency, Fitch Ratings, has explained that despite the good financial reports recorded by Nigeria’s commercial banks in their financial year ended...
Ecobank appoints Nana Araba Abban as Group Consumer Banking Head
Ecobank Transnational Incorporated, ETI, has announced the appointment of Nana Araba Abban as Group Consumer Banking Head with immediate effect. Nana will be a...
GTBank announces 570% hike in impairment charges
Coming on the heels of making provisions for its Non-Performing Loans (NPLs) Guaranty Trust Bank Plc (GTBank) has announced 570 percent hike in loan...
UBA promotes African renaissance, celebrates Africa Day
In line with its commitment to promote African culture and deepen its African footprint, the United Bank for Africa (UBA) Plc, on Thursday, joined...
New buyers take over Keystone Bank
Effective Friday 24th March 2017, the new investors took control of Keystone Bank and are set to reposition the bank on a growth path...
GCR Affirms Wema Bank’s long-term national rating at Bbb-
Global Credit Rating (GCR), a leader in credit ratings and research has affirmed Wema Bank’s National Long term rating at (BBB-) despite the challenging...
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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...
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...
BEDC restores power to Igbokoda as Osinbajo commissions project
Residents of Igbokoda in Ilaje Ese Odo local government in Ondo South senatorial zone who have resigned their fate to living without electricity for...
Inaccurate billing responsible for irregular power supply – Osinbajo
Vice President Yemi Osinbajo has said that the problem of irregular power supply in Nigeria is caused by inaccurate billing system resulting from insufficient...
NERC to open customer complaints offices in 2017
In the face of dwindling electricity available to consumers, the Nigerian Electricity Regulatory Commission, NERC, has said it will set up 19 customer complaints...
Nigeria receives N48bn from Niger, Benin, Togo for electricity
Minister of Power, Works and Housing Babatunde Fashola, in a communiqué at the end of the 15th monthly power sector meeting, said N48 billion...
Nigeria, Canada to sign $2.3b power deal
The Federal Government and a Canadian firm, TREDIC Star Core are working on a $2.3b power deal which could improve Nigeria’s electricity generation by...
Nigeria generates 3,687mw of electricity in 1st quarter – NBS
The National Bureau of Statistics (NBS) said Nigeria’s power stations generated 3, 687 Megawatts of electricity in first quarter of 2017.
The NBS stated this...
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21 telecom operators closed shop in 10 years – ALTON
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) said that 21 telecommunications operators in the country have closed shops in the last 10...
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...
Minister wants improved ties with India to develop tech-based solutions
The Minister of Communication, Barrister Adebayo Shittu has advocated Nigerian businesses to tap into the reservoir of knowledge among their Indian counterparts to develop...
BuyRentKenya awarded best online real estate marketing platform
BuyRentKenya.com’s rise in Kenya’s online property market has been again underlined by another critical industry acclaim. In 2018, BuyRentKenya won all three of the...
Data war: MTN gains 1.69 million subscribers in July
Nigeria’s telecommunication landscape witnessed another high level of competition in terms of the data war among operators, as subscribers exercised their power of ‘free...
Ministerial Committee seeks measures to promote cyber security
The inter-ministerial Technical Committee on the implementation of the National Cyber Security Strategy has held its inaugural meeting at the headquarters of the National...
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...
NiRA lifts temporary suspension on domainking.ng
Nigeria’s domain name Registry, Nigeria Internet Registration Association (NiRA) has suspended the temporary ban placed on Domainking.ng following the compliance to rules guiding the...
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Tax Appeal Tribunal resolves N10bn worth of disputes
The Tax Appeal Tribunal sitting in Kaduna, with jurisdiction over the North West Zone, comprising the seven States of Kaduna, Kano, Kebbi, Katsina, Zamfara,...
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...
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...
COVID-19: Time for Nigeria to start looking beyond oil expert
A development and governance expert, Dr Chiwuike Uba, has expressed satisfaction with the decision of the Organisation of Petroleum Exporting Countries (OPEC) under the...
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...
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...
