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Economy to grow by 7% in 2020 – Udoma
The Minister of Budget and National Planning Udoma Udo Udoma on Tuesday said the federal government was targeting economic growth of at least 7...
Ambode launches Lagos health insurance scheme
• Calls it journey to affordable health coverage
Lagos State Governor, Mr Akinwunmi Ambode on Tuesday launched the much-awaited health insurance scheme of the State...
Maritime
Money Market
Money market rate settles at 15.67%, as bulls dominate T-Bills space
The OBB and OVN rates declined by 1.50% apiece to settle at 15.17% and 16.17%. Consequently, the average money market rate settled lower at...
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...
Naira gains slightly, sells 390/$1, as CBN injects $150m
The Nigerian currency, the Naira, on Wednesday appreciated slightly to close at N390 per US dollar against 392 traded a day before at the...
Heritage Bank supports positioning creative industry as alternative to crude oil
Heritage Bank Plc is fast stimulating economic diversification through support for the Nigerian creative industry towards sustainable, persistent growth as alternative to crude oil.
The...
FirstMobile App generates N1.3trn transaction
FirstBank’s FirstMobile, mobile banking application has attained a one million user’s mark .The mobile banking platform has also reached N1.3trillion transactions mark in its...
Keystone Bank floats first zero data mobile App
Customers of Keystone Bank Limited can now transact banking services at their convenience on the new ‘Keystone Bank Mobile App’ with Zero Data.
...
GTBank announces 570% hike in impairment charges
Coming on the heels of making provisions for its Non-Performing Loans (NPLs) Guaranty Trust Bank Plc (GTBank) has announced 570 percent hike in loan...
Naira stabilises at N498/$ at parallel market
The Naira on Monday stabilised at N498 to a dollar at the parallel market, the same rate it traded on Friday.
Against the Pound Sterling,...
Energy
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...
Power supply to Nigerian households still inadequate – Poll
A new power poll released by NOIPolls Nigeria for the fourth quarter (Q4) of 2019 has revealed that power supply to Nigerian households experienced...
Power supply to Nigerian households still inadequate – Survey
A new aggregated power poll results released by NOIPolls for 2018 has revealed that while the power sector experienced marginal improvement in 2018 (40...
Nigeria: Power generation relapses to 266MW
Nigeria is now experiencing a drastic drop in power generation after the Nigerian Electricity System Operator, SO, website, a sub agency of TCN, Transmission...
Africa needs to modernise grid to solve power distribution problems
Electrification is an on-going and foundational investment, and a necessary one to realize all modern-day development objectives. Despite bullish policies, the fact remains that...
TCN to attain 20,000mw transmission capacity in 3 years
The Interim Managing Director of Transmission Company of Nigeria (TCN), Mr Usman Gur Mohammed said the firm targets 20,000 megawatts (mw) transmission capacity in...
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...
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...
Telecoms
Okere wants improved FinTech innovations for Nigeria, others
The Founder, CWG Plc and Entrepreneur in Residence, Columbia Business School, New York, Austin Okere, has canvassed that it is now imperative for Nigeria...
Microsoft urges organisations to embrace digital transformation
Leading Software Company, Microsoft, has urged organisations in the country to embrace digital transformation in order to remain competitive, as well as ensuring business...
Smile Telecoms appoints Ahmad Farroukh to its board to lead operations
a Pan-African telecommunications group with operations in Nigeria, Uganda, Tanzania and the Democratic Republic of the Congo, is delighted to announce the appointment of...
Nigeria seeks collaboration with Huawei to develop local ICT
In a continuous bid to diversify the nation’s economy, Minister of Communications, Adebayo Shittu, has called for private sector collaboration with the Government to...
Smile Telecoms appoints Ahmad Farroukh as GCEO
Smile Telecoms, a Pan-African telecommunications group with operations in Nigeria, Uganda, Tanzania and the Democratic Republic of the Congo, has announced the appointments of...
Use ICT to arrest recession – LCCI boss
The President, Lagos Chamber of Commerce and Industry, (LCCI), Mrs. Nike Akande has said the nation’s Information and Communication Technology, (ICT), sector can revive...
MTN Nigeria makes over N100bn monthly in 2020
MTN is the first quoted company in Nigeria to post average monthly revenues of N100 billion.
MTN Nigeria reported a half-year revenues of N638 billion...
Africa has 3 years to meet broadband target of 50% – Kagame
Rwandan President, Paul Kagame has said that public-private partnership (PPP) and bridging the digital divide will help Africa meet the Broadband Commission target of...
Interviews
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...
International Coffee Day: Nestle tells the NESCAFÉ story
The story of your NESCAFÉ begins long before it reaches your cup. The tiny coffee bean, which is dried, roasted and ground into the...
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...
Rebuilding African fashion industry in post COVID-19 era
The disruption of the COVID-19 pandemic on global value chains and its impact on African businesses is already evident. As factories close their doors...
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...
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...
OHP: PPP advancing sustainable healthcare systems in Nigeria
The first phase of the Oloibiri Health Programme (OHP) was recently inaugurated and comprises of the remodelled General Hospital, Kolo; Water Treatment Plant; Hybrid...
Sanwo-Olu at 54: Celebrating man on mission for greater Lagos
By Gboyega Akosile
A good head and good heart are always a formidable combination. But when you add to that a literate tongue or pen,...