The Minister of Communications and Digital Economy, Prof. Isa Pantami, at the weekend expressed optimism that Starlink’s commencement of operations in the country and the implementation of the Nigeria Startup Act (NSA) would bolster the nation’s startup ecosystem. The Minister made this projection on Friday when he hosted two Nigerian startups, namely RiceAfrika Technologies and […]
Nigeria’s fastest growing non-interest banking products and services provider, TAJBank Limited, has opened a new branch in Kano in furtherance of the management’s sustained drive to deepen the brand’s penetration across the geo-political zones of the country. The opening of the flagship Zoo Road, Kano branch came barely a week after the opening of the […]
The Nigerian Communications Commission (NCC) has reported that number of inactive or unused or abandoned lines across the mobile network operators’ (MNOs) networks declined by 13% in 2022, reflecting that more subscribers activated their lines in the year. According to the industry’s regulatory standard, a mobile line is considered to be inactive if it is […]
Nigeria’s currency, the Naira, appreciated against the US dollar at the parallel market on Thursday, trading at an average of N755/$1, the same rate it exchanged for the greenback during the previous day’s trading session. Some of the FX traders in the parallel market, who revealed that they bought the USD from customers at an […]
A professor of Economics at the Lagos Business School, Prof. Bongo Adi, has revealed that recent research by him and other university dons showed that the proliferation of digital lending apps’ deploying companies in the country has the potential of worsening Nigeria’s poverty level . The renowned economist, who made this remark during a webinar […]
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Mele Kyari, on Thursday hinted that the company would commence drilling for crude oil in Nasarawa State’s Keana oil field effective from March 21 this year. Kyari, who made this disclosure during a meeting he held with the state Governor, Engr. Abdullahi […]
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, on Thursday announced that he met with the Managing Directors of 15 deposit money banks (DMBs) as part of the apex bank’s efforts to ease the current cash crunch in the country. According to him, the meeting was held following President Muhammadu Buhari’s directive in his national […]
…..apologizes to Nigerians on cash swap policy’s hardships President Muhammed Buhari on Thursday in a national broadcast ordered the Central Bank of Nigeria (CBN) to immediately extend the deadline for the use of old N200 notes till April 10, 2023. In his broacast, the President blamed ‘unscrupulous officials’ in the banking industry, who were […]
Julius Berger Nigeria Plc, one of Nigeria’s construction giants, has announced the completion of its N30 billion Series 1 and 2 Commercial Paper (CP) issuance. The company, in a corporate disclosure signed by its Company Secretary Mrs Cecilia Madueke, and sent to the Nigerian Exchange Limited, indicated that the commercial paper issuance was over-subscribed, demonstrating […]
The Naira appreciated against the US dollar at the black market in the early hours of Wednesday, trading at an average of N755/$1 at the black market compared to the N756/$1 it exchanged at during the previous day’s trading session. Some of the FX traders in the parallel market attributed the slight rebound of the […]