The Nigeria Communications Commission has distanced itself from the N34bn licence deal the MTN struck with the Nigerian Broadcasting Commission to use the 700 mega-hertz spectrum. The NCC’s Executive Vice Chairman, Prof. Umar Dambata, made […]
The holidays are a time when Africans living abroad often spread good cheer and gifts by sending money home to their loved ones on the continent. Africans in the Diaspora sent home $33 billion in […]
Nigeria cashew exports are worth $250 million (about N49.7 billion) yearly, according to the National Cashew Association of Nigeria (NCAN). Speaking at a logistics meeting in Lagos, yesterday, its President, Pastor Tola Faseru said the […]
At the backdrop of expected significant drop in revenue accruable to the three tires of government from the monthly Federation Account Allocation Committee, FAAC, state governments may need fresh bailout arrangements as none of them […]
Tiger Brands Ltd., South Africa’s largest food producer, agreed to sell its stake in an unprofitable Nigerian business to Dangote Industries Ltd. three years after buying it. The shares surged in Johannesburg. Dangote will provide […]
“My car always smells of goat — I hope it doesn’t smell like goat today.” Haowa Bello has good reason to have a fragrant car. The Nigerian goat farmer and accessories designer often uses her […]
MTN Business continues to support its enterprise customers with ICT solutions that enable them to take their services to new heights. The company provides platforms that enable enterprises to drive economic inclusion in unserved and […]
IT is therefore mandatory for every registrar to immediately commence the use of the e-Dividend Mandate Management System Portal as directives will soon be issued to banks to discontinue the verification of paper mandates presented […]
South African mobile network giant, MTN, is yet to pay up the 1.04 trillion naira (5.2billion dollars) fine imposed on it by the Nigerian Communications Commission (NCC) following its failure to disconnect over 5 million […]
ABUJA — Nigeria’s Alhaji Aliko Dangote lost N1 trillion ($5 billion) in one year as a result of drop in prices of shares at the stock market in Dangote cement even as he retains his […]
LAGOS — The Board of Ecobank Nigeria Limited said, yesterday, that the Managing Director of the bank, Mr. Jibril Aku, will step down on December 31, 2015. A statement from the bank said by the […]
The ongoing regulatory chess game taking place between two of our major regulatory bodies, the Financial Reporting Council of Nigeria and Central Bank of Nigeria, over the financial statements of one of the major players […]
Aliko Dangote, Africa’s richest man, on Monday, announced his resignation from Dangote Flour Mills following South Africa’s Tiger Brands funding withdrawal. Dangote resigned alongside Olakunle Alake, Asue Ighodalo and Arnold Ekpe immediately after the announcement, which […]
The Central Bank of Nigeria has recovered N8.6 billion deducted by a Lagos-based software firm, SystemSpecs, which provided the e-Payment/e-Collection solution used for the transfer of government funds from commercial banks to the treasury single […]
Guinness Nigeria’s share price remained unchanged yesterday at the Nigerian Stock Exchange (NSE), despite a N1 billion fine imposed on the brewing giant. The company is engaging the National Agency for Food and Drugs Administration […]
Stanbic IBTC Holdings Plc’s Money Market Fund has hit the N50 billion marks in Net Asset Value. The Stanbic IBTC Money Market Fund(SIMM), managed by Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings, […]
The National Agency for Food and Drug Administration and Control (NAFDAC) has imposed a fine of N1 billion on Guinness Nigeria Plc for allegedly re-validating expired raw materials without approval, Punch has reported. The agency also accused […]
The Chairman of Nigeria’s composite online and offline retail chain, Yudala, Mr. Sam Ojo has projected that Yudala will hit the N500m mark in its daily transactions by the second half of 2017. Ojo said […]
LAGOS — Negative economic fundamentals overshadowing Nigeria’s business environment may have begun to take its toll on corporate financial results as third quarter earnings plunged in three key sectors, namely, oil and gas, banking and […]
LAGOS — The Central Bank of Nigeria, CBN, has condemned in strong terms recent sanctions approved by the Financial Reporting Council of Nigeria, FRCN, against the board and management of Stanbic IBTC Holding, SIBTCH, saying […]
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