Posted in NAIJA BIZ

Telcos, Banks at loggerheads over SIM swap fraud

There seems to be a brewing crisis between Telecom service provider and commercial banks over the increasing incidence of SIM swap fraud in the country….

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Posted in NAIJA BIZ

Three Nigerian tier-1 banks get new Fitch Rating

Global Rating Agency, Fitch Ratings, has released its credit rating for three tier-1 banks in the country. The banks include United Bank for Africa (UBA),…

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Could this be the end for stockbroking firms in Nigeria?

In what might be the end for stockbroking firms in Nigeria and Africa at large, Veritaseum, a United States-based blockchain technology firm has hinted that…

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Waltersmith seeks to invest $2 billion to become integrated energy firm

The Chairman/Chief Executive Officer, Waltersmith Petroman Oil Limited, Abdulrazaq Isa has revealed the oil and gas exploration and production company’s plans in the next ten years. In a…

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MTN headache persists as top executives resign

Embattled teleco-giant, MTN is set to lose another high ranking executive over the next few months. According to Bloomberg, MTN Chief Innovation Officer, Herman Singh’s departure…

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Why Arumah Oteh is clamouring for the listing of African SMEs

The African Securities Exchanges Association (ASEA) have been challenged to work towards the listing of at least 44,000 Small and Medium Enterprises (SMEs) out of…

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After Samsung, LADOL ejects another foreign investor from terminal

Barely two months after Lagos Deep Offshore Logistics (LADOL) terminated the operating licence of Samsung Heavy Industries Nigeria Limited at the LADOL Free Zone in…

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FG clears investment risks, assures foreign investors of safety

zainabThe Minister of Finance, Zainab Shamsuna Ahmed has assured foreign investors of the safety of their investments in the Nigerian trade and business sectors at large….

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Ahead of London IPO, Airtel names banks to supervise listing

Telecoms service provider, Bharti Airtel, has announced the appointment of eight international banks to coordinate the London initial public offering for its Africa business. The…

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CRe Nigeria may be delisting soon

The ranks of companies delisting from the Nigerian Stock Exchange may increase as Continental Reinsurance Plc has sent a notice to the Nigerian Stock Exchange announcing a proposed acquisition….

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NAICOM sets up new directorates after restructuring

As part of efforts to reposition the National Insurance Commission (NAICOM) for better service delivery, the governing board of the commission has approved the exercise…

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SEC’s E-dividend is drastically reducing incidents of unclaimed dividends

A few years after the introduction of the E-dividend mandate by the Securities and Exchange Commission (SEC), stock market operators said the value of unclaimed…

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Why Banks should be worried with the fall in oil prices

The International oil benchmark, Brent crude, has fallen to its lowest level this year and below the proposed benchmark for Nigeria’s 2019 budget. The Brent…

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Again, stakeholders forewarn banks on cybersecurity

Banks and other financial institutions in Nigeria have once again been warned to put in place appropriate measures that will forestall and curtail the impacts…

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Banks are worried they may lose customers to MTN

Nigerian Deposit Money Banks (DMBs), according to industry sources, are nervous following the recent announcement by telco giant, MTN of its readiness to apply for…

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No license renewal for DisCos -BPE debunks rumour

Bureau of Public Enterprises, (BPE) a government agency charged with the responsibility of implementing the Nigerian policy on privatization and commercialization, has denied renewing operating license…

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JC Decaux unveils plans to help ease Lagos traffic

Outdoor advertising company, JCDecaux has announced plans to provide real-time traffic information, install solar-powered bus shelters and automatic public toilets in Lagos as it targets…

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Teleology commences payment of 9mobile’s debt

Following its acquisition by Teleology Holdings, 9mobile, formerly known as Etisalat Nigeria, has repaid part of a loan taken from a group of banks. According…

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How Cosmas Maduka moved from an Underaged apprentice to a multi-billionaire

Across the African continent, there are several stories of successful business tycoons. Some had strong financial boosts from their already wealthy families, while for others,…

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2019 Elections: Guard against money laundering, CBN warns DMBs

Ahead of the forthcoming general elections in 2019, the Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) to guard against violation of Money…

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