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Zenith Bank's Letter Restricting Governor Fayose's Accounts (Photo)

Zenith Bank Plc sent a confirmation letter to the Ekiti state Governor Ayodele Fayose restricting him from cash withdrawal following the directive from EFCC. The letter ...

New Forex Policy: Stock Investors Gain N702bn

•Naira appreciates further •Fitch endorses new policy with a caveat By Emeka Anaeto, Economy Editor Positive market trend heightened yesterday as a result of the new foreign exchange ...

Naira Getting Better, Capital Market Gains Due To New Policy

The flexible exchange rate policy the Central Bank of Nigeria (CBN) announced on Wednesday has received some massive support in the money market. The policy ...

FG Bars Nigerian Banks From Giving Loans To State Governments

The Federal Government has barred banks in the country from giving loans to state governments. The decision was taken in line with the Fiscal Sustainability Plan, ...

Reps Say Reducing MTN Fine Is Illigal, Summon AGF And NCC Boss

The house of representatives committee on communications says slashing MTN Nigeria’s fine from N1.4 trillion to N330 billion is illegal. The committee, led by Saheed Akinade-Fijabi, ...

Global Biscuit Brands Unite To Explore Nigerian Market

By Raheem Akingbolu Yildiz Holding, CEEMEA's largest food company, has brought together its core biscuit, chocolate, and confectionery businesses United Biscuits, Godiva Chocolatier, Ulker and DeMet's ... Full story

Nigerian Banks Seek N10,000 Withdrawal Limit

A proposal to limit the over the counter cash withdrawal by bank customers to N10,000 has been tabled before the Central Bank of Nigeria (CBN). The ...

MTN Has Accepted to Pay A Total of N330bn as Fine to FG

Telecoms giant MTN has agreed to pay its fine of $1.7b (N330b) to the federal government of Nigeria. The South African company revealed this on Thursday ...

BREAKING: MTN Bows To FG, Find Out What The Telecoms Company Did

– MTN has finally agreed to pay the pay N333 billion ($1.7 billion) out of the N780 billion fine imposed on it by the Federal ...

Neukleos Wins Moet Hennessy?s Digital Marketing Account

The champagne bottles are popping and the glasses are tingling at Neukleos after the new maverick digital agency added the Moet Hennessy to her growing ...

Economic Slowdown: Why Tax Deficit Persists- SystemSpecs

By Michael Eboh Managing Director, SystemSpecs Limited, Mr. John Obaro, has blamed the lingering tax deficit and dwindling revenue recorded in most states of the federation ...

Strategic Marketing Africa Unpacks Insurance Industry Opportunities

The second 2016 issue of the Strategic Marketing Africa unpacks the opportunities in the insurance industry, a warts-and-all report on the Nigerian PR industry, innovation ... Full story

2 Diamond Bank Managers Arraigned For Money Laundering

The National Drug Law Enforcement Agency (NDLEA) yesterday arraigned Diamond Bank Plc and two of its managers, Lasisi Abayomi and Hillary Ojukwu and two others ... Full story

N400 In Sight As Naira Falls Again In The Black Market, See Current Value

Naira has fallen again in its exchange for the dollar in the highly unstable parallel market. The Nigerian Currency which exchanged for N353 to a ... Full story

Market capitalisation drops by N42bn

Activities on the Nigerian Stock Exchange (NSE) on Tuesday remained on a negative note due to profit taking embarked by investors leading to a further ... Full story

Nigeria's Oando Signs 94.6bn Naira Restructuring Loan

Nigrian oil firm Oando said on Monday it has secured a 94.6-billion naira ($475-million) loan facility from ten domestic banks under plans to restructure its ... Full story

Naira Tumbles Again In The Black Market

The value of the naira at the unpredictable parallel market has fallen massively over the weekend. The Nigerian currency which has exchanging for N347 to ... Full story

Nestle And IFDC Partner To Support Farmers In Nigeria

About 1,000 farmers in northern Nigeria will be trained on good agricultural practices and entrepreneurial skills thanks to a new partnership between Nestlé Nigeria and ... Full story

Diamond Bank Sacks 200 Workers

The economic challenges affecting the country has led Diamond Bank Plc to sack 200 members of its workforce. This could be as a result of ... Full story

Bank of Industry Commissions 24KW Off-Grid Solar Power In Kaduna

The Bank of Industry (BoI) has commissioned a 24KW micro-grid solar system in Charwa/Chakun, an off-grid community in Markafi local government area of Kaduna State. The ... Full story

Nigerian Naira Falls Ahead Of Central Bank Rate Decision

 Nigeria's naira currency weakened slightly in the parallel market on Tuesday ahead of an interest rate decision and a possible announcement that the central bank ... Full story

UBA Appoints Five New Executive Directors To Group Board

United Bank for Africa (UBA) Plc, a leading pan-African banking group with operations in 19 countries on the continent and presence in London, Paris and ... Full story

Airtel Reviews Data Tariff To Boost Customer Value

Airtel Nigeria has announced a review of its data tariff plans in a strategic move to offer more value to customers. Under the new data ... Full story

Zenith Bank And French Firm Sign $100m Power Sector Credit Facility

Zenith Bank Plc and the French Development Agency (Agence Francaise de Development (AFD), operator of France’s bilateral development finance mechanism have signed a $100 million ... Full story

Fidelity Bank Rewards Customers In Savings Promo

As part of efforts to reward its loyal customers, Fidelity Bank Plc in the sixth draw of its Save-4-Shelter savings promo has rewarded lucky winners ... Full story

Access Bank Partners UNICEF

Access Bank Plc has announced that the 10th edition of its annual charity shield competition for vulnerable school children in Kaduna State would hold from ... Full story

ForexRally Gives Out Toyota Hilux To Contest Winner Peter Uzoho

ForexRally Global Limited, an international online broker, has rewarded winners of its 2016 trading competition in Nigeria with prizes. At the award ceremony held in Lagos, ... Full story

Champion Breweries Promises To Sustain Positive Performance

The Chairman of Champion Breweries Plc, Dr. Eljiah Akpan has assured shareholders that the company will sustain the positive performance recorded in 2015 and achieve ... Full story

Federal Inland Revenue Service Shuts Glo Offices Over N24.3bn Tax Fraud

The Federal Inland Revenue Service on Wednesday came hard on a major telecommunications company, Globacom Limited by shutting its offices in Lagos for failure to ... Full story

Lafarge Africa Floats N60bn Bond

Lafarge Africa Plc, a member of the LafargeHolcim Group, has floated a N60 billion bond which it plans to use in refinancing loans at United ... Full story

Lagos Ports Busy As Imports Tumble

Activities at the Lagos ports have gradually come to a grinding halt as the foreign exchange restrictions announced last year by the Federal Government takes ... Full story

FSDH Merchant Bank Posts N4.7 Billion Profit

The FSDH Merchant Bank has said it posted a profit before tax of N4.72 billion for the financial year ended December 31, 2015. This represents an ... Full story

Mitsubishi Loses $2.5bn In Stock Over Fuel Cheating Scandal

Mitsubishi Motors shares nosedived again Thursday as panic selling wiped about $2.5 billion off the automaker’s market value in response to its shock admission that ... Full story

Access Bank Launches N1bn Access Nolly Fund To Promote Movie Industry

Access Bank Plc has launched a N1 billion ‘AccessNolly’ fund. The bank explained that the move was part of efforts to improve and provide solutions ... Full story

GTBank Empowers Female Entrepreneurs In Africa

Foremost African financial institution, Guaranty Trust Bank plc, has partnered African-focused entrepreneurship accelerator, She Leads Africa (SLA) and the Work in Progress! Alliance (Oxfam and ... Full story

Samsung Opens New Service Centre In Lagos, Nigeria

Samsung Electronics West Africa has opened a new service centre in Ikeja, Lagos to further bond with its customers. Located in Opebi, the new service centre, ... Full story

Banks Total Deposits And Loans To The Economy Hit N13 Trillion

Banks' loans to the economy appeared to have stunted in 2015 after a two-year recovery and growth. Total loans as at end of 2015 was N13.1 ... Full story

MTN Nigeria Close To Fine Resolution, Acting CEO Prepares For Exit

Phuthuma Nhleko plans to step down from his post next month, according to an unnamed source; telco denies media speculation it has already reached agreement ... Full story

Dangote Invests U.S.$20 Billion In Pipeline Infrastructure, Fertilizer And Petrochemicals

By Roseline Okere and Femi Adekoya Dangote Group is investing about $20 billion into gas pipeline infrastructure, power generation, petrochemical, fertilizer, sugar refinery and petroleum refinery ... Full story

Dana Air Partners Diamond Bank On Lounge Services

Dana Air is partnering with Diamond Bank to provide lounge services for its business class passengers, thereby fast-tracking boarding. The airline said with this innovation, it ... Full story

Nigeria's Telecoms Industry's Investment Profile Hits U.S.$32 Billion Says Danbatta

The Nigerian Communications Commission (NCC) says about 32 billion dollars has been invested in the nation's telecommunications industry from Foreign Direct Investment (FDI) and local ... Full story

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