Business
We won’t Prosecute Multiple Accounts Holders – SEC
Nigerians have once again been enjoined not to entertain any fears of prosecution but take steps to regularise their multiple subscription accounts in...
Nigeria settles 4-month dispute with MTN for $52.6m
Africa’s largest telephony carrier, MTN Nigeria, has settled its four-month long dispute with the Nigerian authority at a cost of $52.6 million, the...
After denial, Diamond, Access bank announce merger
Diamond Bank has confirmed that is its being acquired by Access Bank, following weeks of speculations and denials. The bank, in a written...
Nigeria capital importation shrinks 31% in 2018
Nigeria’s capital importation declined by as much as 31.1% year-on-year and 48.2 percent quarter-on-quarter (QoQ) in Q3’18 to $2.9 billion, the lowest since...
Dozie’s Diamond Bank now acquired by Access Bank
Access Bank is said to have officially acquired Diamond Bank, although no official statement has been released confirming this development at the time...
FG sues Shell and Eni for £868m over corrupt 2011 oil deal
The Federal Government has filed a billion-dollar claim in a British court against oil giants Royal Dutch Shell and Eni over alleged fraud...
NASCON launches New Dangote Classic Seasoning Cubes
…Says its’ meets complete nutrition need of the people Management of the NASCON Allied Industries Plc, a subsidiary of the Dangote Industries Limited...
Photo: Fidelity Bank at 2018 Intra African Trade Fair, Cairo, Egypt
2018 Intra-African Trade Fair Vice President Yemi Osinbajo in a warm hand shake with the Executive Director, Commercial and Consumer Banking, Lagos &...
Second N100bn Sukuk Bond: FG, DMO calls for retail investor participation
…as offer closes December in Lagos The Federal Government of Nigeria through the Debt Management Office (DMO) has launched the sale of the...
UBA customers can now make cash withdrawals from ATMs in Western Europe, USA, Canada, Africa and Australia
Foremost African Global financial institution, United Bank for Africa, UBA, has restored its International Card Services. Customers of UBA can now make cash...
Nigerians continue to shun FGN savings bond
The Federal Government Savings Bond has failed to maintain sales momentum, as fewer Nigerians are investing in the market. The bonds have struggled to...
Fitch upgrades UBA “B+” on stable outlook
Fitch has upgraded United Bank for Africa (UBA) Plc Long Term Issuer Default Rating (IDR) to ‘B+’, with stable outlook. The foremost rating...
Nigeria lost $6bn from corrupt Shell and Eni oil deal – Italian court
A court in Milan is considering charges of corruption against Eni and Shell in a controversial oil deal that led to Nigeria losing...
Financial Inclusion will aid Economic Growth – Uduk
The Securities and Exchange Commission, SEC has restated its desire to pursue initiatives that would aid financial inclusion of Nigerians as this is...
22 withdrawals, totaling $3.2bn made from NLNG dividend account in three years – CBN says
Apex bank may have given approvals for some withdrawals Going by the Central Bank of Nigeria (CBN)’s documents, submitted to the submitted to...
Senate worried over 900% Microfinance banks’ capital base hike
A 900% increase in required minimum paid up capital by Nigeria’s microfinance bank has the country’s senate worried, Chairman, Senate Senate Committee on...
