Business news
The federal, states and local government areas shared N3.95 trillion from the Federation Account within the first half of this year. The disbursements made by the Federation Accounts Allocation Committee (FAAC) represented an increase of 41% when compared to the N2.79 trillion disbursed in the first half of 2017 and a 95% increase in […]
The 2018 annual conference of the Finance Correspondents Association of Nigeria (FICAN) will hold in Lagos on 15th and 16th of September, 2018 The conference, with the theme: “Banks, Fintech and Nigeria’s Financial Inclusion Journey,” has the Central Bank of Nigeria (CBN) Governor as the keynote speaker. There will also be representatives from the Nigeria […]
Airtel Nigeria said it would continue to promote corporate philanthropy in line with its vision of empowering and assisting underprivileged Nigerians. Speaking at a media viewing of Episode 12 of Airtel Touching Lives Season 4 in Lagos at the weekend, its Director of Corporate Communications & CSR, Emeka Oparah, said it was part of the […]
The value of electronic payment transactions has risen by 39.7 per cent to N99.29 trillion in one year, the Annual Economic Report of the Central Bank of Nigeria (CBN) has shown. The 2017 figure was an improvement compared with N71.1 trillion in 2016. The rise was attributed to increased consumer awareness and confidence in e-payment […]
A Nigerian start up, Judy is using Artificial Intelligence( AI) to empower lawyers in Africa, among seven companies to receivev $700,000 to boost their opperations. The money is coming from the Meltwater Entrepreneurial School of Technology (MEST), tech incubator with office in Lagos and Ghana. The startups range from a fintech platforms for small business, an […]
The Nigerian Communications Commission (NCC) and the Consumer Protection Council (CPC), yesterday in Abuja, inaugurated a joint investigative committee for consumer issues in the telecommunications industry. The inauguration was held at the NCC headquarters in Abuja. A statement by both bodies at the end of the inauguration, said the collaboration will ensure regulatory clarity and […]
A Nigerian plastic-recycling company has won the maiden Shell Outstanding Achievement Prize in the 2018 Shell LiveWIRE Top Ten Innovators Awards. Bayelsa State-based De-Rabacon Plastics came tops in a competition that also saw another Nigerian firm, Alternate Energy Limited, emerge as the second runner-up in the Energy Solutions category to win a $10,000 prize money. […]
Weststar Associates Limited, the Authorised General Distributor of Mercedes-Benz in Nigeria, has un-veiled Mercedes-Benz Vito. The car boasts of top value for total cost of ownership (TCO) as well as an outstanding economy, and technology, with emphasis on safety and assistance systems Since its introduction in 2014, the Vito has continued to position itself as a pacesetter […]
The National Insurance Commission (NAICOM) is planning to publish the names of insurance firms and their categories next month, The Nation has learnt. The publication will show the firms that will operate as Tier 1, Tier 2 and Tier 3 under the new Tier-Based Minimum Solvency Capital (TBMSC) Policy. The TBMSC billed to take off on January […]
The Nigerian Stock Exchange (NSE) may sanction 28 companies for failing to meet post-listing requirements, timely release of operational reports and financial statements. A list of defaulting companies prepared by the NSE obtained at the weekend by The Nation included three commercial banks, a microfinance bank, three mortgage bankers, five insurance companies, one investment management firm and […]