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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...
Ambode inaugurates 20-man transition committee
• Tasks members on smooth take off
Lagos State Governor, Mr. Akinwunmi Ambode on Tuesday inaugurated a 20-member Transition Committee that would be saddled with...
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Shareholders endorse N11.57bn total dividend for Access Bank
Shareholders of Access Bank Nigeria Plc have raised concern over on going stress on listed companies occasioned by regulatory provisions.
The cross section of shareholders...
Fidelity celebrates Export Management Programme anniversary
Top Nigerian lender, Fidelity Bank Plc, is set to celebrate the first anniversary of its highly regarded Export Management Programme (EMP).
Launched in 2016,...
Sterling Bank pays out N80m in cash reward promo
Sterling Bank recently made 12 of its customers’ millionaires with a total of N80million in its cash reward promo.
Winners also emerged in other categories...
First Bank, seven others post 69% of industry total assets –CBN
The Central Bank of Nigeria (CBN) has said that eight of Domestic Systemically Important Banks (D-SIBs) accounts for 69.05 per cent of the industry...
Why BDC operators abandoned CBN’s window for parallel market
More facts have emerged on why the nation’s Bureaux De Change operators are currently shunning the Central Bank of Nigeria’s (CBN’s) Foreign...
Naira gains 30 points in five days, sells at 495/$1
The nation’s currency, the Naira on Thursday appreciate further to record a total gain of 30 points, closing at N495 against N525 sold last...
How 4 commercial banks gambled N1.9tr in bonds, T-bills
No less than four commercial banks operating in the country, have invested a whopping N1.9 trillion in bonds and Treasury bills during the financial...
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...
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Africa Energy Forum announces major rebranding in 21st year
The Africa Energy Forum attracts 2000 attendees annually to discuss the financing and development of energy projects across Africa. The rebrand marks the beginning...
Benin Electric, security firm partner to curb equipment vandalism
Benin Electricity Distribution Plc. (BEDC) has given a fillip to its fight against vandalism of power equipment across it network by partnering with a...
Nigeria’s power liquidity gap hits N1 trillion – EKEDC boss
The Chief Executive Officer of Eko Electricity Distribution Company (DisCo), Dr Oladele Amoda has lamented that the funding gap in the power sector has...
Desert solar initiative will make Africa renewables power-house
The details of the “Desert to Power Initiative” have been outlined as part of the Paris Agreement climate change talks at COP24 in Katowice,...
Shell set to invest $2bn in Kano Electricity Distribution Company
Global oil giants, Shell, has stated its readiness to invest $2 billion in Kano Electricity Distribution Company in the next three years.
The company’s plan...
Bio-fuel can make Nigerians economically self-reliant – PPPRA
The Executive Secretary, Petroleum Products Pricing Regulatory Agency (PPPRA), Mr Abdulkadir Saidu, on Wednesday said the bio-fuel sector had the potential to make Nigerians...
Ikeja residents petition EFCC over outrageous bills
Residents of Ejigbo in Lagos State have lamented what they described as “outrageous bills’’ often issued to them by Ikeja Electricity Company (IEC)
According to...
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,...
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Stakeholders canvass retention of Mobile Economy Dialogue
Stakeholders in the public and private sector, particularly those from the Information and Communications Technology (ICT) have called for the retention of the quarterly...
Telecom operators want direct foreign exchange allocation
The Association of Licensed Telecommunications Operators of Nigeria (ALTON), has called for direct Foreign Exchange (FX) allocation for the telecommunications sector.
ALTON Chairman, Mr Gbenga...
Clickatell helps MTN South Africa launch chat commerce on WhatsApp
MTN South Africa is partnering with global customer engagement company, to launch MTN Chat, enabling its customers to engage with the telco over WhatsApp.
MTN...
Again court adjourns MTN’s tax fraud case
The $2 billion tax fraud case between MTN Nigeria and the Office of Nigeria’s Attorney General suffered yet another delay today, following its adjournment...
Nigeria remains Africa’s largest mobile market
Nigeria has retained the position of the largest mobile market in Africa in terms of subscriptions, with 150.22 million mobile subscriptions at end-2Q 2016,...
FG sets December date to launch digital broadcasting in Abuja
The Minister of Information and Culture, Alhaji Lai Mohammed, has declared that the Digital Switch Over (DSO) in broadcasting in the Federal Capital Territory...
MTN pays N235bn out of N330bn fine – NCC
Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof Umar Danbatta, has disclosed that MTN Nigeria Communications Plc has paid a total N235...
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...
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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...
Why foreign investors shun West Africa
It was July 2017 when a submission from the World Bank left many reeling from the implications of the figures that had just been...
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...
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...
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...
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...
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...
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...
