Adhere To Standards, CBN Urges Fintechs, Payment Service Providers
The Central Bank of Nigeria (CBN) has urged financial technology companies (fintechs), payment service providers and banks in the payment system to ensure that they […]
Economy /Business
World Bank Warns Nigeria Over Alarming Food Crisis
The World Bank yesterday raised the alarm that Nigeria’s food crisis had assumed a frightening dimension, blaming the development largely on poor policies of successive […]
Power Supply Slumps To 2, 962MW
A report obtained on Thursday from the System Operations (SO), a department of the Transmission Company of Nigeria (TCN) has shown that the level of […]
Launch Of Nigeria Fintech Strategy, MTN Gets Into Headwind Competition
In a bid to deepen financial inclusion by bringing banking to 36 million Nigerians who are said to be outside the banking circle, Africa’s telecoms […]
Nigerian Breweries Reacts To Corruption Report
Nigerian Breweries Plc on Wednesday has reacted to an investigative report which exposed how the company protected Nico Vervelde, its Dutch Chief Executive Officer suspected […]
Women Empowerment, Access Bank Partners Lagos Govt On N10bn Loan Portfolio
Africa’s largest retail bank, Access Bank Plc. yesterday, collaborated with the Lagos State Employment Trust Fund (LSETF) to launch the LSETF W Initiative aimed at […]
Nigeria Oil Export To China Hit 3m Barrels In 30 Days
The latest China bound VLCC crude laden vessel is marking its biggest month of buying from Nigeria in years as it ramps up its crude […]
African Women Entrepreneurs Get $251m from G7
The course to support African women, with a financing capacity worth $5billion, received a boost at the just-concluded G7 leaders meeting in France, as the […]
NDDC: Hold Brambaifa responsible if militants bomb oil installations – Nabena
Deputy National Publicity Secretary of the All Progressives Congress (APC) Mr. Yekini Nabena, has reacted to recent threats by Niger Delta militant groups to blow […]
Defunct Afribank, SEC Urges Shareholders To Claim Outstanding Dividends
The Securities and Exchange Commission (SEC) has asked shareholders of the defunct Afribank Plc to claim their dividends. SEC said this was part of its […]
Forte Oil Contemplates Delisting From NSE
Following the proposed takeover offer by Ignite Investments and Commodities Limited to other existing shareholders, strong indications emerged yesterday that Forte Oil was contemplating delisting […]
Scarcity Of Aviation Fuel Cripples Airlines’ Operations
Airline operators are considering increasing air fare to accommodate recent JetA1 price hike and scarcity across the country. According to sources, the pump price of […]
Power for All calls for increased investment in Nigeria’s renewable energy sector
A non-governmental organisation, Power for All, has called on policymakers, power utilities, civil society organisations and trade associations for increased investment in the renewable energy […]
TCN has not paid N3.2bn penalty for wrong billing – Kano Disco
Kano Electricity Distribution Company, KEDCO, has decried a N3.2 billion penalty the Transmission Company of Nigeria (TCN) should have paid to it since 2016 for […]
UBA Delivers 21 Percent Growth in Profit, Declares Interim Dividend
United Bank for Africa Plc, Africa’s leading financial institution, has announced its audited half year financial results for the period ended June 2019, showing impressive […]