charges, USSD, code, Banks, CBN, LDR, CRC Credit Bureau, Disrupting Nigerian banks, MTN’s USSD charge is not with our consent - Banks’ CEOs 

Uproar as Banks, Telcos introduce charges on the use of USSD code 

Deposit Money Banks (DMBs) in Nigeria have introduced charges on the use of USSD (Unstructured Supplementary Service Data) code for banking services. 
Agusto & co, Banking experience

UBA, First Bank, 2 others get 5-star rating

Credit rating and research agency Agusto&Co has launched its 2018 Consumer Digital Banking Satisfaction Index Report.
CBN's Standing Deposit Facility, Banks' loans to Oil and Gas, Power, other sectors drop by N411.8 billion , CBN confirms N500 and N1000 as two most counterfeited banknotes in Nigeria  

CBN confirms N500 and N1000 as two most counterfeited banknotes in Nigeria  

The Central Bank of Nigeria (CBN) has disclosed that N500 and N1000 notes were the most counterfeited or faked naira notes in 2018.
Guaranty Trust Bank

GTBank Records Profit Before Tax of N109.6BN for H1 2018 Audited Results

Guaranty Trust Bank plc has released its audited financial results for the period ended June 30, 2018.
Emefiele’s reappointment

Why Mr President Continues To Trust Emefiele 

Is this really the right decision?

Why Dangote Should Shut Down His Cement Factory In Camerooun

Aliko Dangote, may be better off importing cement from Nigeria, than manufacturing in Cameroun. Cameroon is bordered by Nigeria to its west. Cement smuggled...
Economy: Reviewing FG’s 2019 revenue performance

FG may shift deadline to deactivate bank accounts without tax verification

The Minister of Finance, Zainab Ahmad, has said the Finance Bill might not be effective from January 1, 2020, when signed into law. 

MTN Replaces Of 285 Expatriates With Nigerian Workers To Save Costs

Leading digital mobile operator, MTN Nigeria Communications Limited, has replaced 285 expatriates with Nigerian workers in a move to save costs and also encourage...

Cars45 sets up Academy for Car Dealers

In a bid to shrink the daily growth of unemployment in the country and expose individuals to the prospect of entrepreneurship, Cars45, Nigeria’s leading...

Why Kogi State shut down facilities belonging to Airtel, MTN, and Forte Oil

Kogi State Internal Revenue Service seals Facilities belonging to the Bank of Agriculture (BoA), Forte Oil, Airtel and MTN Nigeria.
Kemi Adeosun, Finance Minister

FG recovers ₦1.6 billion illegal charges from banks

Minister of Finance, Kemi Adeosun has revealed that  ₦1.6 billion illegal bank charges have been recovered from one of the branches of a commercial...
Ohara Pharmaceutical increases take in Fidson, Fidson and Ohara signs partnership, Fidson Healthcare Plc, Fidson list additional shares Fidson and GSK business partnership

FY 2018: Fidson Healthcare declares 15 kobo per 50 kobo share

Fidson Healthcare Plc has declared a final dividend of 15 kobo per 50 kobo ordinary share for the financial period ended Monday, December 31, 2018.
MTN Nigeria, NCC

MTN shares recover as company reaches truce with CBN

MTN shares surged as high as  8.2 percent on Thursday after it reached a truce with the CBN
Nigeria Parallel Market Exchange Rate Daily

Nigeria’s Official Exchange Rate – 23/6/2016

The Naira to dollar exchange rate for the 24th of June 2016 closed at the official interbank market at a price of N281. The...

FAAC disbursements hit N1.9 trillion in Q1 2018

Federal Account Allocation Committee (FAAC) disbursements for the first quarter ended March 2018, jumped 37% compared to the corresponding period of the previous year....

This report explains why Nigerians are bent on leaving the country

Remittances by Nigerians abroad are making far-reaching economic impacts back home, according to a report by @PwC_Nigeria.
Up in smoke: CBN rejects N432 billion in failed treasury bills bids

Up in smoke: CBN rejects N432 billion in failed treasury bills bids

Following the OMO ban, Investors scrambled after treasury bills but the CBN rejected over N430 billion in bids

PZ Cussons Nigeria announces business combination plans for two of its subsidiaries

The Corporate Restructuring would involve the business combination of two of its wholly owned subsidiaries
First Aluminium Nigeria Plc

Why First Aluminium is planning voluntary delisting from the NSE

First Aluminium Plc has issued a lengthy statement explaining why it wants to delist from the Nigerian Stock Exchange (NSE). The insignificant value in the shares is a main factor.
Nigerian Breweries considers price increase as excise duties hike bites, Nigerian Breweries annual general meeting AGM

Nigerian Breweries: Cost pressures strain H1 2019 performance

@NBPLC in its recently released H1 2019 financials reported marginal 1.4% decline in Revenue to N170.2bn from N172.7bn in H1 2018. While the company did not report Gross Revenue and excise duty payments, we believe the decline in Net Revenue must have been impacted by higher excise duties payment with the second phase of advalorem excise duty system implemented in June.

Army Announce Rescue of Second Chibok Girl

The Nigerian Army on Thursday, announced the rescue of the second kidnapped girl. Two years ago, over 200 girls were abducted from their school in...
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, CBN, Bankers Committee move to revive National Theatre with N25 billion , Nigeria’s 3.46 trillion fiscal deficit a source of concern – MPC Member , CBN says Nigerian banks assets and liabilities is now at N41.42 trillion , BVN: CBN to link 100 million banks accounts through proactive means, Foreign reserves drops $4.45 billion, edges closer to $30 billion devaluation benchmark, Payment system framework: CBN provides guidelines to address systemic risk, others, CBN retains Loan to Deposit Ratio at 65% as against increment to 70% , Federal High Court could jail Emefiele over $53 million judgment debt, CBN strongly denies establishing a poultry farm to support its monetary policies, Analysts explain when, why CBN could devalue naira by 5-10%, Banking: Surprise hike in CRR-Implications for banks, Agriculture: Suing ABP beneficiaries; A wild goose chase? , CBN lists major constraints affecting businesses, as borrowing rates projected to rise, CBN’s N287.8 billion T-bills auction records oversubscription, as rates fall marginally, CBN to give Niger Delta rice farmers single-digit loan 

Nigerian economy’s 40% exposure to foreign credit is dangerous- CBN

The CBN has warned that Nigeria’s economy is at risk due to the foreign credits which account for 40% of the total credit in the country's economy.
debt, judicial intervention, AMCON, seeks partnership with ICPC, Liquidate Asset Management Corporation of Nigeria – CBN, NDIC, Ernst & Young , NASS pledges support to AMCON on debt recovery, AMCON: Peculiar Nigerian problems reasons for failure in aviation , These are the sad reasons Nigerian airlines struggle and fail 

Liquidate Asset Management Corporation of Nigeria – CBN, NDIC, Ernst & Young 

AMCON might cease to be operational has CBN, NDIC and Ernst & Young called for the institution to be scrapped.  
Solar energy, EU, Adamawa, US-based solar company to invest $300m in Nigeria 

Borno State Government builds Africa’s largest solar panel factory

The Borno State Government has completed and unveiled the largest solar panel factory in the country and Africa at large.
project, jobs, NLNG, NLNG Train 7 project to create 140,000 jobs, attract $10 billion FDI 

NLNG Train 7 project to create 140,000 jobs

Not less than 140,000 jobs will be created from the Nigerian Liquified Natural Gas (NLNG) Train 7 Engineering, Procurement and Construction (EPC) project. This is according to Simbi Wabote, the Executive Secretary, Nigerian Content Development Monitoring Board (NCDMB). 

Failed Banks: NDIC to commence claims payment of depositors

NDIC commences verification of insured depositors of failed banks
Disrupting Nigerian banks, Evolution of Nigerian banks in 59-years , GTB, UBA, Zenith, Access Banks’ salary advance loans, Can a company operate without a website in 2019? , Banks refund N3.09 billion to customers over claims on excess charges, fraud, others  , Bank CEOs applaud NCC’s decision to suspend USSD charges, GTBank, Zenith, Access, FBN, 10 others spend over N8 billion on CSR, Banking: Evolving trends in the bankers’ market, GTBank, Access, FBNH, Standard Chartered wrestle over women entrepreneurs , GTBank, Access Bank, Zenith, FBN, 16 others disburse CBN’s N610.4 billion to farmers , Credit to government declines, as Credit to private sector hits N25.8 trillion, Banking sector NPLs down, loans up, Non-Performing Loans in Agriculture, construction, others rose to N143.76 billion, Asset seizure: Banks begins recovery of N6.125 trillion borrowed to the oil sector, Customer Experience: GTB, FCMB, Citibank, others emerge best banks in 2019  

Banks to recover N6.125 trillion loan from oil firms 

Commercial banks in Nigeria are set to begin the recovery of N6.125 trillion borrowed to oil firms in a bid to braze themselves for recapitalisation.
Oyinkan Adewale

Union Bank Plc announces retirement of an Executive Director

Oyinkan Adewale retires as Union Bank's Executive Director
MTN Nigeria

MTN may move Nigerian IPO to later in the year

The management of MTN Group is hopeful that its Nigerian subsidiary will finally be listed on the Nigerian Stock Exchange (NSE) before the end...
Treasury Bills

NSE continues downward slide as GT Bank releases H1 2018 results

The Nigerian Stock Exchange (NSE) remained bearish, as the All Share Index closed at  36,299/82 basis points, down 0.09% Year to date, the index...