CATEGORY: NEWS REVIEW

Union Bank borrows some of Uber’s features in its revamped mobile app

Union Bank borrows some of Uber’s features in its revamped mobile app

Union bank appears to have worked with a sharp ICT team on its revamped mobile banking app. One of the features of the app,...


KIA Motors and Stanbic IBTC partner in vehicle finance scheme

KIA Motors and Stanbic IBTC partner in vehicle finance scheme

Tier two bank Stanbic Ibtc and KIA motors have announced a partnership on a vehicle finance scheme. Under the scheme, customers of the bank...


Stan Chart pays Okonjo Iweala £130k per annum as independent director

Stan Chart pays Okonjo Iweala £130k per annum as independent director

Nigeria’s former Finance Minister, Dr Ngozi Okonjo Iweala will earn a whopping £100k as Non-Executive independent director of Standard Chattered Bank. An Independent Non-Executive...



Transcorp bounce back to profit, post N4.2 billion profit after tax

Transcorp bounce back to profit, post N4.2 billion profit after tax

Transnational Corporation of Nigeria Plc (Transcorp), is back to profitability, after it declared a profit after tax (PAT) of N4.2 billion for the half-year...


CBN says 9mobile will have a new investor latest December   

CBN says 9mobile will have a new investor latest December   

On the sidelines of yesterday’s Monetary Policy Committee (MPC) meeting, Central Bank of Nigeria CBN Governor Godwin Emefiele says Etisalat Nigeria will have a...


Entrepreneur vs Employee? CEO of a N148 billion revenue company had this to say

Entrepreneur vs Employee? CEO of a N148 billion revenue company had this to say

So much is currently being said about the need for young vibrant entrepreneurs to make the most of the country’s current economic recovery by...


LASG has issued demolition order for these estates

LASG has issued demolition order for these estates

The Lagos State Government has ordered owners of buildings erected on drainage alignments and channels in several upscale areas to vacate their properties or...


Arewa cotton partners Cross River government on cotton farm

Arewa cotton partners Cross River government on cotton farm

Cross state government, in a move to reduce its reliance on FAAC allocations has gone into partnership with Arewa cotton. The farm is expected...


BUA Group, Virgin, Vodacom said to be in the race to buy 9Mobile

BUA Group, Virgin, Vodacom said to be in the race to buy 9Mobile

A recent newspaper report in Nigeria suggest Virgin Mobile, BUA Group and Vodacom are lining up bids to buy Nigeria’s 9mobile (formerly known as...


FIRS raids SME’s across 3 states for not paying tax

FIRS raids SME’s across 3 states for not paying tax

In what appeared to be a major raid during the week, the Federal Inland Revenue Service sealed off some tax-defaulting companies in Abuja. According...


Gateway Portland Cement is the latest company taken over by AMCON      

Gateway Portland Cement is the latest company taken over by AMCON      

The Asset Management Company of Nigeria (AMCON)’s take over train seems to be on the move and this time it has stopped at Gateway...


NNPC breaks silence on unremitted TSA funds held in 3 banks

NNPC breaks silence on unremitted TSA funds held in 3 banks

The Nigerian National Petroleum Corporation (NNPC) has issued a statement clarifying  its own share of the $793 million Treasury Single Account (TSA) funds that...


Upon exit, Etisalat gains the highest number of ported subscribers in May

Upon exit, Etisalat gains the highest number of ported subscribers in May

As Nigeria grapples with the exit of the Etisalat brand, available data from the NCC shows that embattled 9mobile (formerly Etisalat) gained more subscribers...


CBN sells N145.9 billion in treasury bills for 23% pa

CBN sells N145.9 billion in treasury bills for 23% pa

The Central Bank of Nigeria has disclosed that it sold about N204.9 billion in treasury bills following its auction held on Wednesday July 19,...


Skye bank states its own side of alleged $793 million TSA funds

Skye bank states its own side of alleged $793 million TSA funds

Skye bank, one of 7 alleged to have withheld $793 million Treasury Single Account (TSA) funds, has released a statement denying any form of...


Tension as World Bank begin ranking of Nigerian states on Ease of Doing Business

Tension as World Bank begin ranking of Nigerian states on Ease of Doing Business

The World Bank is to commence activities leading to the ranking of Nigerian States on their ease of doing business. This is based on...


Fidelity and Sterling Banks deny involvement in $793 million unremitted TSA funds

Fidelity and Sterling Banks deny involvement in $793 million unremitted TSA funds

Fidelity bank and Sterling bank, 2 of the 7 banks facing charges over $793 million unremitted TSA funds have issued statements concerning the matter....


7 banks are in trouble over unremitted $793 million TSA funds

7 banks are in trouble over unremitted $793 million TSA funds

Seven commercial banks in the country are currently in trouble over Treasury Single Account (TSA) that were allegedly kept aside. A Federal High Court...


Senators want to create a N200 FX window for pilgrims

Senators want to create a N200 FX window for pilgrims

Members of the Senate while deliberating on activities of the National Hajj Commission (NAHCON) have suggested that a concessionary FX rate of N200 a...


2017 Budget: Osinbajo proposes N135.6 billion virement

2017 Budget: Osinbajo proposes N135.6 billion virement

Acting President Yemi Osinbajo has submitted a virement proposal of N135.6billion to the National Assembly. The money is meant to cover projects across many...


The FG is setting up a website to monitor contracts

The FG is setting up a website to monitor contracts

The Federal Government says it is setting up a contract disclosure website to improve transparency and accountability in contracts entered into by public and...


FEC approves oil policy; Nigeria to end fuel importation by 2019

FEC approves oil policy; Nigeria to end fuel importation by 2019

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Wednesday said Nigeria will cease to import petroleum products and totally depend on...


For how long does the new 9Mobile plan to stay?

For how long does the new 9Mobile plan to stay?

With the rebranding of the Etisalat Nigeria brand into 9Mobile Telecoms, it seems that the company was eventually shedding off the debt-plagued skin it...


Local miners in Kastina made N246 million from fertilizer production in June

Local miners in Kastina made N246 million from fertilizer production in June

N246 million worth of fertilizer was produced by 79 local miners in Katsina State from processed raw materials in June. This was made public...


ICOs may be causing a cryptocurrency bubble

ICOs may be causing a cryptocurrency bubble

As the price of bitcoin recovers lost ground, experts have warned that the cryptocurrency market could be heading for a bubble due to the...


NEITI says Nigeria earned N70 trillion but saved little

NEITI says Nigeria earned N70 trillion but saved little

According to a recent report by NEITI, Nigeria’s oil revenue savings were among the lowest in the world despite about N70trillion in earnings from...


FG has given Ondo State licence to mine bitumen

FG has given Ondo State licence to mine bitumen

The Federal Government of Nigeria (FGN) on Tuesday announced the award of a licence to Ondo State Government to mine bitumen. It was gathered...


FIRS explains how it plans to achieve N1.8 trillion VAT target for 2017

FIRS explains how it plans to achieve N1.8 trillion VAT target for 2017

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr Tunde Fowler, stated that the service has automated VAT collection for the critical...


These Five States got the highest share from the N243.7 billion Paris Club refund

These Five States got the highest share from the N243.7 billion Paris Club refund

The Federal Government has released N243.79 billion as the second tranche of the Paris Club Refund to the 36 state governments and the Federal...


The CAC staff union goes on another strike over salary arrears

The CAC staff union goes on another strike over salary arrears

A warning strike by the staff union of the Corporate Affairs Commission (CAC) began at its headquarters in Abuja yesterday. According to the News...