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Business and economic news from Nigeria and around the world.

NSE amends dealing member rules

NSE released amendments to its dealing member rules.

Stanbic IBTC Holdings Plc makes series of appointments

Stanbic IBTC Holdings announced a series of management changes across the group.
Folio.ng, CNN, Times Multimedia

Times Multimedia partners CNN over premium news and entertainment platform

TMM, a media, digital publishing and technology company, is proud to formally announce an exclusive partnership with CNN.
Flutterwave CEO Olugbenga Agboola

Flutterwave is aiming to be the Google of payments

Flutterwave, recently held a press conference, and Nairametrics was there.

Seplat obtains renewal of core OML licenses

Seplat Petroleum Development Company has obtained Presidential consent for the renewal of OMLs 4, 38 and 41 to a new expiry date of 21...

Why Nigerian Breweries offices were sealed briefly

National Lottery Regulatory Commission halts Nigerian Breweries operations

Wale Tinubu reveals Oando’s 2019 ambitious plan

A major player in Nigeria's downstream sector, Oando Plc has reveal plans to pump 25% more oil in 2019 than it currently does.

UPDATE: Senate commences another investigation into NNPC affairs

Lawmakers are now trying to establish whether Nigerian National Petroleum Commission (NNPC)  improperly withdrew the total sum of $2.2 billion from NLNG.
new minimum wage

New Minimum Wage: Governors want mass sacking of workers

Governors held emergency meeting over N30,000 proposed new minimum wage
Mobile Money, CBN

CBN sets new minimum capital for mobile money operators

CBN releases guideline on mobile money services operation.
General Electric (GE)

Why General Electric pulled out of Nigeria’s rail project

General Electric (GE) says it is pulling out of the Nigerian railway concession project and handing it over to Transnet SOC Limited.

MTN’s partnership with Sterling Bank makes it easy to buy phones

MTN has partnered tier- Sterling Bank Plc and PayJoy on Financing Scheme which makes it easy for customers to acquire smartphones. 

Nigeria’s MainOne takes blame for Google service disruption

Main One Cable has assumed responsibility for a glitch that temporarily caused some Google global traffic to be misrouted through China

NSE confirms 44 high-profile speakers for ASEA conference 2018

The NSE has unveiled 44 renowned speakers for ASEA conference 2018. 
Ahmed kuru AMCON

AMCON to expose new debtors

AMCON is preparing to release another list of debtors.

Senate to probe FG over reduction of MTN’s $8.1 billion fine

Senate queries FG, condemns CBN over MTN
Nigeria Labour congress, new minimum wage

New Minimum Wage: Labour gives final deadline for full implementation

New minimum wage full implementation should not exceed December -Labour to FG
Corporate Relations Executive, MTN Nigeria, Tobechukwu Okigbo; Sales and Distribution Executive, MTN Nigeria, Adekunle Adebiyi; Human Resource Executive, MTN Nigeria, Esther Akinnukawe; COO MTN Nigeria, Mazen Mroue and Chief Enterprise Business Officer, MTN Nigeria, Lynda Saint-Nwafor at the maiden edition of MTN Partner Summit in Lagos recently.

MTN Partner Summit: building partnerships and bonds that will stand the test of time

MTN Nigeria is about to redefine the meaning of partnership and with all we experienced on Thursday, October 8th, 2018, at the Landmark Event Centre at the MTN Partners Summit, they may just achieve that sooner than we expect.
UAC, United Africa Company of Nigeria Plc

UAC of Nigeria Plc appoints Ezinwa as HR Director

United Africa Company of Nigeria Plc announces new appointment.
MTN Group

MTN to acquire payment banking license

MTN Group has revealed plans to apply for payment banking license in Nigeria.

Afreximbank conclude $100 million pact with CDC Group Plc

Afreximbank, CDC Group Plc sign deal
Four Points by Sheraton

Actis and Westmont acquire Four Points by Sheraton

Actis and Westmont Hospitality Group partner to acquire Four Points by Sherston.
Elo Umeh, Chief Executive Officer, Terragon

Terragon acquires Asian marketing technology firm, Bizense

Terragon, Africa’s leading data and marketing technology company, today announced that it has acquired Bizense, a Singapore-based mobile technology company, in a cash plus stock deal which is the first of its kind and scale in Africa.
Adesola Adeduntan, Managing Director/Chief Executive Officer, FirstBank (centre); flanked by Gbenga Shobo, Deputy Managing Director, FirstBank (third left); Folake Ani-Mumuney, Group Head, Marketing & Corporate Communications, FirstBank (second left); Adebayo Olanrewaju, Head, Digital Banking, e-Business, FirstBank (extreme left); Olusegun Alebiosu, Chief Risk Officer, FirstBank (third right); Lola Ekugo, Head, Digital Lab, e-Business, FirstBank (second right) and Chuma Ezirim, Group Head, e-Business Group, FirstBank (extreme right) at the formal launch of the FirstBank Chat Banking on WhatsApp held at the FirstBank Digital Lab, Yaba, Lagos.

How First Bank supports Economic Summit, growing local enterprises

The need to raise Nigeria and Nigerians from poverty to prosperity was the anchor point for economists, captains of industries, key policymakers and corporate...

NNPC was trying to hide the fact that it’s “broke and indebted”

Evidence shows that NNPC was broke and indebted earlier this year, even as it tried hard to cover it up. 

Teleology announces new board of Directors

The new owner of debt-laden 9mobile has announced the constitution of a new board of Directors for the new company
Skye Bank

REVEALED: How bad management played a part in Skye Bank’s failure

NDIC revealed that bad management played a part in the eventual failure of Skye Bank Plc. 

Access Bank provides discounted financing to women-in-business

Access Bank Plc through the W Initiative has further deepened its relationship with female entrepreneurs in Nigeria.
Diamond Bank

Diamond Bank: The Silver Lining for Financial Inclusion in Nigeria

Two key factors which separates the rich from the poor are the decisions they make about finance and access to credit.

NCC approves new owner for 9mobile

The Nigerian Communications Commission (NCC) has approved the transfer of 9 mobile to new investor, Investment Holding Company, Teleology Holdings Limited. According to Reuters the...