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FG denies plan to increase electricity tariff

Electricity

Dangote targets 10 million shareholders in refinery’s IPO

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Energy

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Insurance

Consumers demand reversal of NAICOM’s third party insurance directive

The Insurance Consumers Association of Nigeria has called on the National Insurance Commission to reverse its directive on the increase of third Party Motor Insurance Premium in Nigeria.   This was contained in a letter signed by the association’s National Coordinator, Chief Yemi Soladoye, on Sunday in Ibadan, according to The Guardian.   Punch Metro […]

Banking

Activate rural banking, CBN directs PSBs

  The Central Bank of Nigeria has instructed Payment Service Banks to target those who are financially excluded by operating primarily in rural and unbanked areas. According to the sector’s supervisory framework for Payment Service Banks, PSBs must have at least 25% of their financial service touch points in rural areas that are periodically designated […]

petrol pump
News

Scarcity: Inspect petrol stations’ tanks, NMDPRA urges FG

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has disclosed that it wouldnow check the tanks of filling stations and other depots in order to halt the hoarding of petrol. The Federal Government said on Saturday that it had stopped operating seven depots in various parts of Nigeria for selling fuel to retail outlets at […]

Economy Uncategorized

Croatia dumps kuna currency for euro

Croatia on Sunday switched to the euro and entered Europe’s passport-free zone — two major milestones for the country after joining the EU nearly a decade ago. At midnight (2300 GMT Saturday) the Balkan nation bid farewell to its kuna currency and become the 20th member of the eurozone.It is now the 27th nation in […]

How Nigerian banks performed first half of 2022
News

Full list of Nigerian banks that halted dollar transactions

Guaranty Trust Bank on Thursday evening disclosed that the financial institution has suspended all international transactions on its naira MasterCards. While the bank is yet to give an official reason to explain its latest decision, it is important to note that they are not the only bank that have taken this measure in the last […]

Business

Radisson Blu named 2022 Africa’s leading hotel brand

At the recent 29th edition of the World Travel Awards, Radisson Blu took home the prestigious Africa’s Leading Hotel Brand in 2022 Award.   The award represents a validation of the work done by the group and its accelerated expansion across the continent over the past few years.   Other nominees in the same category […]

Agribusiness

‘Palm oil can contribute $20bn to Nigeria’s GDP yearly’

The National Palm Produce Association of Nigeria, have said that Nigeria’s oil palm is capable of contributing $20 billion annually to the country’s Gross Domestic Product, along with massive job creation along the value chain.   Vanguard reported that, however, the National President, National Palm Produce Association of Nigeria, Alphonsus Inyang, has lamented that the […]

Peru to revamp economy with $1.6bn
Economy

Peru to revamp economy with $1.6bn

Peru’s economy minister pledged on Thursday to launch an investment program of $1.6 billion to ramp up growth hampered by constant political crises. Alex Contreras said his plan has 19 component parts and will generate 130,000 jobs and add an additional 1.2 per cent to the nation’s economic growth in the first half of 2023. […]

Telecommunications

Debt: MTN, Airtel, others to disconnect banks’ USSD code

  Chairman of the Association of Licensed Telecoms Operators of Nigeria, Gbenga Adebayo, has revealed that network operators will detach banks from the Unstructured Supplementary Service Data code. The banks have failed to remit commission from the costs of the USSD utilized by bank account holders for electronic transactions, according to ALTON, the umbrella organization […]

FG to probe 40 loan apps over customers 'abuse'
Business featured

FG to probe 40 loan apps over customers ‘abuse’ Business

In light of what has been called “sharp practices” and “abuses”, the Nigerian government is looking into ways to investigate several digital loan apps. The House of Representatives has instructed its Committee on Banking and Currency, Financial Crimes, and Telecommunications to begin an investigation into the loan administration and business practices of fintech companies and […]

News

CCECC wins bid for Lagos’ Fourth Mainland Bridge construction

The Lagos State Government, through the Office of Public Private Partnerships, has announced Messrs CCECC-CRCCIG CONSORTIUM as the preferred bidder for the proposed Fourth Mainland Bridge project.   The Special Adviser to the Governor on Public Private Partnerships, Ope George, made the announcement during a briefing at the PPP office in Ikeja, on Friday, according […]

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