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United Airlines Pulls Out Of Nigeria Over FX Crisis

United Airlines, Chicago-based American airline, is pulling out of Nigeria over difficulty in recovering monies made from tickets sales, due to Nigeria’s foreign exchange policy. The ...

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

Nigeria Stock Market Appreciates Despite NLC Strike

Activities on the floor of the The Nigerian Stock Exchange (NSE) market remain unaffected by the strike action declared by a faction of the Nigeria ...

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

Ntel Unveils First Mobile 4G/LTE Service In Nigeria

ntel, Nigeria’s most advanced 4G/LTE network has announced the commencement of its phased and paced commercial operations with bumper offers for Pioneers and data users. The ... Full story

MTN Launches Package Which Allows Users To Stream Electricity From Sun Into Mobile Devices

MTN South Africa  launched its new promotional package featuring World Panel’s SunStream™ which allows users to stream electricity from the sun directly into their mobile ... Full story

Orange To Invest In Nigerian E -Commerce Group Africa Internet

French telecommunications company Orange is to invest 75 million euro ($85 million) in Nigerian e-commerce group Africa Internet Group (AIG) and become a shareholder, the ... Full story

Refineries To Resume Operations This Month Says NNPC

The Nigerian National Petroleum Corporation, NNPC, on Sunday said refineries will resume operation for local consumption this month so as to end the lingering fuel ... Full story

Firstbank Unveils Enhanced Features On Mobile Banking App

First Bank of Nigeria Limited has unveiled a set of enhanced features on its integrated lifestyle mobile banking app, FirstMobile. This, according to the bank, is ... Full story

Oil Marketers Assures Of Fuel Supply Stability In Q2

Mr Akin Akinfemiwa, Chairman, Major Oil Marketers Association of Nigeria (MOMAN), on Friday assured Nigerians that the Federal Government has provided sufficient fuel allocation for ... Full story

Time For Sober Reflection, Says Glo

Telecommunications operator, Globacom, has called on all Nigerians to remain steadfast and hopeful as the Christian faithful celebrate Easter. In a goodwill message released in Lagos ... Full story

N1.4 tr Fine: MTN Proposes N300b Settlement Deal

The Senate Committee on Communications yesterday took exception to the way and manner the out-of-court settlement arrangement between the Federal Government and MTN is being ... Full story

NNPC restructuring: Workers stop fuel supply, shut NNPC headquarters

The nationwide scarcity of petrol worsened on Wednesday as oil workers embarked on a full-scale industrial action, which led to the shutdown of the corporate ... Full story

CBN, banks to step up fraudsters’ prosecution

The Central Bank of Nigeria and Deposit Money Banks have said effective prosecution of fraudsters will be their focus this year. Speaking under the aegis of ... Full story

27 firms raise NSE capitalisation by N45bn

The gains recorded by 27 stocks on the floor of the Nigerian Stock Exchange on Wednesday boosted the NSE market capitalisation by N45bn. The market capitalisation ... Full story

Blackout: Electricity generation sinks to 1,580MW

The highly pronounced power failures across the country in the past few days may worsen following a partial system collapse that occurred on Tuesday, and ... Full story

Boko Haram: MTN’s Slow SIM Registration Costly to Terrorism War

President Muhammadu Buhari yesterday said the slow registration of Nigerians on the MTN line by the service provider was costly to the war against Boko ... Full story

President Of Dangote Industries Plans To Generate 12,000MW of Electricity

The President, Dangote Industries, Aliko Dangote, has said his company should be able to generate about 12,000 megawatts of electricity for the country by 2018. He ... Full story

Experts Proffer Solutions To Economic Crisis

The Federal Government has been advised to plug fiscal leakages, focus on non-oil sector, and create an enabling environment for business to thrive as part ... Full story

Improve business with legislation, UK firm tells Saraki

A United Kingdom-based firm, Adam Smith International, has called on the Senate President, Bukola Saraki, to come up with a legislation that will promote and ... Full story

Arbitrary Charges: Customers Boycott Banks Today

Thousands of bank customers across the country are expected to boycott banking services on Tuesday (today) to express their grievances against alleged “arbitrary, illegal and ... Full story

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