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Resident doctors oppose NUC’s upgrade of pharmacy, physiotherapy, optometry degrees to ‘Doctor’ status

Legal & Regulations

Court denies Afriq Arbitrage CEO Jesam Michael bail over $854K, N590m fraud charges

Nigeria’s crude oil output falls by 4.37% in March, below OPEC’s quota – Report

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Sectors

News about Companies, SMEs, Startups

Manufacturing

Lafarge Africa redoubles environmental commitment amid rebound in sales

by Micheal Ajifowoke

November 2, 2020

..Invests 7.3 million Swiss Francs to curb dust emissions.

Jaiz Bank rakes in N925 million profit in Q3 2022

Financial Services

No rift among our Board members – JAIZ Bank

by Chidi Emenike

November 2, 2020

Jaiz Bank has publicly denied media reports purporting a deep rift amongst its Board members.

Egbin Power Plant Is Owed More Than N40 billion

Company Results

Egbin Power Plant generated the highest total energy output in Q1 2020, 14.82%

by Johnson Uche

November 1, 2020

Egbin power plant accounted for the highest share with 14.82% of the total energy output.

Ikeja Electric tops with 10.7% approved meter allocation – NERC

by Johnson Uche

November 1, 2020

Ikeja Disco (IKEDC) tops the list with the approved meter allocation of 106,701 units(10.7%).

Cryptos

MoneyGram received $9.3 million from Ripple in Q3

by Olumide Adesina

November 1, 2020

MoneyGram collected $9.3 million in Q3 from Ripple for market development fees.

Abuja, Ikeja Discos top list in collection efficiency in Q1 2020- NERC

by Johnson Uche

October 31, 2020

Abuja and Ikeja had highest in collection efficiency, out of the 11 electricity distribution companies in Nigeria.

Discos, TCN suspends KEDCO, TCN suspend Kano Electricity Distribution Company, Kano Electricity Distribution Company, Transmission Company of Nigeria, Market Operator in Nigeria's power sector

Power: Nigeria records transmission peak of 5,459.50MW – TCN

by William Ukpe

TCN has announced that it hit a peak transmission of 5,459.50MW on the 28th, October 2020.

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

Financial Services

CBN grants Mortgage Refinancing Companies approval to refinance Non-member banks

by Chidi Emenike

The CBN has expanded access to mortgage financing by removing restrictions on refinancing mortgages earlier imposed.

COVID-19: Instagram cracks down on coronavirus AR effects, Instagram Tenders apology for fagging #EndSARS fake, Instagram has disabled the “Recent” feature for the forthcoming U.S election,

Tech News

Instagram disables its “Recent” feature

by Rosalia Ozibo

Instagram recently announced it had removed the "recent" tab from hashtag pages on a temporary basis

Exxon Mobil to cut 14,000 jobs as pandemic hit oil demand, prices

by Chike Olisah