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MTN withdraws court case filed against CBN

MTN Nigeria Communications Limited, through its lawyer, Chief Wole Olanipekun (SAN) has confirmed an out-of-court settlement of the $8.1 billion repatriation allegation with the Central Bank of…

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9Mobile issues press release stating reasons for Adrian Wood’s exit

In a press release issued today, 9Mobile which was recently acquired by Teleology Nigeria has shed more light on the circumstances, that led to the…

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How the proposed minimum wage will affect those earning above N30,000

Nigeria’s President, Muhammadu Buhari, has said that workers who currently earn the sum of N30,000, will also have their salaries reviewed in accordance with the…

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CBN seeks to ensure 80% of adults can access financial services

The new National Financial Inclusion Strategy (NFIS), which was recently revised by the Central Bank of Nigeria (CBN), was finally disclosed yesterday. The CBN redesigned…

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Abraaj takes up majority stake in C and I Leasing Plc

C & I Leasing Plc, in a recent notice sent to the Nigerian Stock Exchange, announced that Abraaj Group — managers of the Aureos Africa…

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Cellulant’s value hits $105m after Rise Fund deal

Kenyan-based financial technology firm, Cellulant Corporation, is now valued at $105 million, following the recent sale of some 44.4% stake in the company to TPG’s Rise…

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MRS Oil Nigeria Plc announces resignation of MD

The Board and Management of Mrs Oil Nigeria Plc, have approved the resignation of Andrew Gbodume as Managing Director/ Chief Executive Officer of the Company with…

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Nigerians occupy top spots on Forbes Magazine’s wealthiest African billionaires’ list

Forbes Magazine has published its 2018 list of Africa’s wealthiest billionaires. And as always, the list is consisted of regular names. With a net worth…

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Reasons Nigerian Breweries was moved to medium price segment

Yesterday, Nigerian Breweries (NB) was taken down its cachet by the Nigerian Stock Exchange (NSE). They were degraded from their previous status of high-priced stock…

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FMDQ CEO outlines its plans for 2019

FMDQ Chief Executive Officer Bola Onadele Koko in an interview with Arise Television gave his outlook for 2019, as well as markets the exchange intends developing this year…

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Despite $2 billion drop of wealth, Dangote remains African richest man

American rating magazine, Forbes has released this year’s list of African richest men. The list was published on Wednesday, January 9, 2019. In the Forbes’ latest…

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AfDB’s latest $14.12m facility to Nigeria, what is it for?

International financial agency, the African Development Bank (AfDB) has offered Nigeria a $14.12 million facility to enable Nigeria’s membership of the African Trade Insurance Agency (ATI). What does…

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These analysts expect a rebound in the Nigerian stock market

Analysts at United Capital Plc are optimistic as they predict a good finish for the Nigerian stock market in 2019 despite their poor performance in…

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Keystone Bank launches zero data mobile app for customers

Technology and innovation have overtime been evolving in the banking industries all over the world. Financial institutions have been floating products and services that provide…

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Why Access Bank’s customers are enraged on Twitter

Many customers of Access Bank Plc have taken to Twitter to vent their anger over the bank’s alleged “criminality”. The Twitter storm followed a post…

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Zenith Bank’s MD states 2019 plans

Nigeria’s tier-1 bank, Zenith Bank Plc, has announced that it plans to intensify effort in the area of retail banking this 2019, by lending more…

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MTN Nigeria deploys WAN acrosss NNPC offices

As part of its continued effort to provide bespoke and seamless connectivity solutions to individuals and business enterprises in the country, MTN Nigeria has deployed Corporate Wide Area Network Service (CWAN) across 139…

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9Mobile: Adrian Wood exits Teleology

The never-ending twists and turns involving beleaguered GSM operator 9Mobile have taken another turn as Teleology Holdings Limited (run by Adrian Wood) has pulled out…

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With FirstBank’s array of exciting educational solutions, your school’s financial needs is at your fingertips

In its usual custom, First Bank of Nigeria Limited is supporting schools with their business requirements to promote preparations for the school year. This, the…

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How Nigeria generated an all time high tax revenue in 2018

Nigeria’s Federal Inland Revenue Service, FIRS, last year collected some N5.320 trillion worth of tax revenue, according to a disclosure made by the agency’s Chairman,…

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