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.
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 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.
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.
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...
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.
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...
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 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’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
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
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: 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...
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.
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.
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.
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
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.
Union Bank Plc announces retirement of an Executive Director
Oyinkan Adewale retires as Union Bank's Executive Director
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...
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...