By BENJAMIN ORISEMEKE, Abuja – The Minister of Finance, Budget and National Planning, Zainab Ahmed on Monday revealed that corporates, individuals, Ministries, Departments and Agencies (MDAs) are indebted to the federal government to the tune of N5.2 trillion. Nigeria is expected to borrow over N5 trillion to finance its...
BUSINESS
By JOY ADARA, Abuja – The Nigerian Communications Commission (NCC) has informed telecoms consumers, whose Subscriber Identity Module (SIM) cards are barred from making calls, that affected SIMs will not be unbarred by the service providers until they are linked with the National Identification Numbers (NINs) of the SIM...
MTN Nigeria, one of the leading Telecommunication firms in Nigeria, is set to begin a payment service bank. This comes after it got approval from Nigerian regulators to run a payment service bank, the wireless carrier said in a regulatory filing on Monday. “The date of commencement will be...
The Central Bank of Nigeria of Nigeria (CBN) said it would begin payment of N65 rebate to exporters who sold their goods through the importers and exporters (I&E) window, at the end of the first quarter. CBN Governor, Godwin Emefiele, said this shortly after signing the Term Sheet between...
Consistent with its recognition of the academia as a central stakeholder in its commitment to linkages and local development sphere of the Nigeria’s telecommunications sector, the Nigerian Communications Commission (NCC) has awarded fresh research grants and endowed professorial chairs in some Nigerian universities in the sum of N233 million....
The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emiefele and Mr Temitope Ogunsemo, the founder of Krystal Digital Solutions L.td., have been listed in the Forbes Africa Undiscovered Series for Nigeria. Mr Uri Onojake of GLG Communications, a consultancy firm, made the disclosure in a statement on...
United Bank for Africa Plc (UBA) on Thursday assured shareholders and investors of its unwavering commitment to sustaining its current growth trajectory. The Group Chairman, Tony Elumelu, gave the assurance at the 60th Annual General Meeting of UBA at the Transcorp Hilton Hotel, Abuja, monitored virtually in Lagos. He...
…As NASRDA boss hails ICRC as key to Nigeria’s devt By BENJAMIN ORISEMEKA, Abuja – The Infrastructure Concession Regulatory Commission (ICRC) has thrown its weight behind the National Space Research and Development Agency (NASRDA) in its quest for effective satellite solutions in rural areas. Acting Director General of the...
By BENJAMIN ORESEMEKA, Abuja – The Securities and Exchange Commission (SEC) has said it is currently working along with other agencies on a sectoral strategy to tackle any potential cyber security threat on the Nigerian capital market. The Director-General of SEC, Mr Lamido Yuguda disclosed this on Thursday while...
United Bank for Africa Plc (UBA) on Thursday assured shareholders and investors of its unwavering commitment to sustain its current growth trajectory. The Group Chairman, Tony Elumelu, gave the assurance at the 60th Annual General Meeting of UBA at the Transcorp Hilton Hotel, Abuja, monitored virtually in Lagos. He...
Zenith Bank in a constant growth drive is exploring new business verticals with particular interests in retails segments to sustain its leadership in the financial sector. Already shareholders of the Bank Plc, have expressed confidence in management of the Bank, which they openly demonstrated at the 31st Annual General Meeting...
By BENJAMIN ORISEMEKA, Abuja + The Nigeria Deposit Insurance Corporation (NDIC) said it has developed a Single Customer View (SCV) platform to be deployed to Micro Finance Banks (MFBs) to eliminate delays often experienced in reimbursing depositors following revocation of failed MFBs licences by the Central Bank of Nigeria...
…previous scholarship graduates equipped A total of 360 students received scholarships from the MTN Foundation during award ceremonies recently held in Abuja, Lagos and Owerri. Director, Science and Technology, Lagos State Ministry of Education, Grace Akinfoyewa, Senior Special Assistant on Education to the Governor, Lagos State, Adetola Salau, Director,...
The Central Bank has fined four banks for flouting its directive on cryptocurrency transactions. The CBN had in February 2021 ordered all banks to close accounts of anyone who transacts in cryptocurrency. According to the CBN, dealing in cryptocurrency or facilitating payments for cryptocurrency exchanges is prohibited. In a...
The Federal Executive Council (FEC) on Wednesday in Abuja has approved N35 billion for various projects in the aviation sector. The projects include increased cost of construction of terminal buildings at Akanu Ibiam International Airport Enugu State and the airport at Asaba. Minister of Aviation, Sen. Hadi Sirika, made...
The Nigerian Communications Commission (NCC) has insisted that Mobile Network Operators (MNOs), their licensed agents and telecom subscribers should always comply with the Subscriber Identity Module (SIM) registration, activation and replacement procedures as set out in the Revised National Identity Policy for SIM Registration.The Commission made the request during...
…Tasks member states on increased collaboration By JOY ADARA, Abuja – Having successfully piloted the affairs of the West Africa Telecommunications Regulators Assembly (WATRA) as Chairman in the last one year, Nigeria has handed over the mantle of leadership of the Assembly to the Republic of Guinea. Prof. Umar...
The Debt Management Office (DMO) has released schedule of local borrowings of about N720billion by the Federal Government for the second quarter. The schedule is contained in the DMO’s “FGN Bonds Issuance Calendar For The Second Quarter, 2022’’. The calendar shows that , on April 25, the DMO would...
By JOY ADARA, Abuja – The Federal Inland Revenue Service has named Shell as a “leading tax compliant organisation in Nigeria for 2021.” At an award ceremony in Abuja last week as part of the second annual National Tax Dialogue, Shell companies in Nigeria also won the award for...
The Cinema Exhibitors Association of Nigeria (CEAN) on Monday said that it generated N346.6 million from tickets sold across the country in March. Mr Patrick Lee, CEAN’s National President, disclosed this in an interview with the News Agency of Nigeria (NAN) in Lagos. Lee said that the figure represented...