Unity Bank Plc has declared a N2.2 billion profit for the nine-month period ended Sept. 30. The company stated this in its third quarter result released on Friday in Lagos. The profit represented a 17 per cent growth in gross earnings to N42.2 billion for the same period, as...
BUSINESS
A Software Development Expert, Dr Yele Okeremi has called on the Central Bank of Nigeria (CBN) to publicise it recently launched eNaira to further deepen the country’s cashless mode of payment. Okeremi, Chief Executive Officer, Precise Financial Systems (PFS) made the call during an interview with the News Agency...
Elon Musk took control of Twitter and fired its top executives late Thursday in a deal that puts one of the leading platforms for global discourse in the hands of the world’s richest man. Following the takeover, Musk tweeted that the “the bird is freed,” referencing the company’s iconic...
The European Investment Bank (EIB) has agreed to give €100 million in financing support to the expansion program of MTN Nigeria Communications Plc (MTN Nigeria) EIB Global is the EIB Group’s specialised arm dedicated to increasing the impact of international partnerships and development finance. The investment from the bank...
By CALLISTUS OFFOR, Abuja – The Nigerian Communications Commission (NCC) has urged parents and guardians to monitor and manage the engagement of their children online as the uncontrolled exposure to cyberspace is fraught with a lot of negativities to children’s wellbeing. Executive Vice Chairman of NCC, Prof. Umar Danbatta,...
Pan-African banking group, Ecobank Group, has launched the fifth edition of the Ecobank Fintech Challenge and encourages African Fintech entrepreneurs to enter the competition. Fintechs that are aligned with the Bank’s strategic objectives stand a chance to win an overall cash prize of US$50,000 for the top winner and...
Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN), has urged risks managers to be vigilant in order to deal with the complex risks the country is currently facing. Emefiele gave the advice at the 2nd National Risk Management Conference, organised by the Risk Management Department of the CBN...
The Nigeria Customs Service (NCS), Apapa Area Command, has generated N790.6 billion between January and September 2022. Comptroller Malanta Yusuf, the command’s Area Controller, said this at a news conference on Thursday in Lagos. According to Yusuf, this shows an exponential improvement of N181.5 billion when compared with N609...
Some winners at the ongoing Dangote Cement Plc bag of goodies consumer promo season 3 at Egbeda, Lagos, on Wednesday. More than 100 customers became instant millionaires across the country on Wednesday in the ongoing Dangote Cement Plc Bag of Goodies Consumer Promo Season 3. The company disclosed this...
The Central Bank of Nigeria (CBN) in collaboration with Bizi Mobile Cashless Consult, on Wednesday sensitised students of the University of Lagos (UNILAG) on how to onboard the eNaira app. Lecturers, members of staff and traders in the University community were encouraged to open and onboard the eNaira speed...
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed says the Federal Government is working on strategic plans to address inflation and ensure decongestion of ports in the country. Ahmed said this when she fielded questions from lawmakers at the presentation of the 2022 budget performance before...
Sen. Hadi Sirika, the Minister of Aviation on Wednesday reassured of the take off of Nigeria Air in December, in spite of the perceived opposition by some groups. Sirika said this when he spoke with journalists at the sideline of interactive session with the Senate Committee on Aviation with...
The Federal Government has announced the selected preferred and reserve bidders for Nigerian airports concession. Sen. Hadi Sirika, the Minister of Aviation, made the announcement when he addressed newsmen on Wednesday in Abuja. According to him, the preferred bidder for the Nnamdi Azikiwe International Airport (NAIA), Abuja, is Corporacion...
By CALLISTUS OFFOR, Abuja – As Nigerian Communications Commission (NCC) recently won double awards at the 2022 Tech Innovation Awards (TIA), the telecom regulator has promised to ensure it brings full benefits of the digital economy to Nigerians for the overall development of the country. At the 6th edition...
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has proposed the establishment of D-8 centre on Small and Medium Enterprises (SMEs) in Nigeria. Mr Olawale Fasanya, the Director-General of SMEDAN made the proposal at the D-8 Forum on SMEs and health market held in Abuja on Wednesday....
The National Information Technology Development Agency (NITDA) on Wednesday, said the global market for blockchain technology was expected to grow over $39billion by 2025. Director-General of NITDA, Mallam Kashifu Inuwa, said this at the Blockchain Summit Day at the ongoing Digital Nigeria Conference and Exhibition organised by the agency...
By JOY ADARA, Abuja – The Federal Inland Revenue Service (FIRS) has stated that it has commenced the deduction of taxes at transaction points from Online Gaming Transactions using the Sentinal National Payment Gateway and Electronic Solution. In a Public Notice signed by its Executive Chairman, Muhammad Nami, the...
Parallex Bank Ltd., has won the “Excellence in Agency Banking Award,” at the 2022 Finnovex West Africa Awards and Summit. The bank bagged the award at the Finnovex West Africa Awards, organised by Exibex, a United Arab Emirates-based event management company, at Eko Hotels, Lagos, on Tuesday night. The...
By OLA MUDOPE, Lagos – Polaris Bank is giving away millions of Naira in cash prices and other special rewards in its ongoing Save & Win promo. Over 4300 Nigerians will win varying cash prizes ranging from N25,000 to N1 million in the promotion. Below are four basic steps...
The Islamic Development Bank (IsDB) will continue to engage Nigeria on its strategic priorities areas such as economic and social infrastructure, the President of the bank, Dr Muhammad Aljasseer has said. Aljaseer made this known while briefing newsmen while visiting project sites in Kano State on Tuesday. The president,...