Business

$5.2billion fine: FG, MTN settle out of court

The protracted legal tussle between the Nigerian government and the South African telecommunication company, MTN Nigeria, may have finally been laid to rest as the telecoms company, last week, paid an initial sum of N50billion to the federal government.

The payment could be an off-shot of the e [...]

Sun, 28 February 2016


Federal allocation drops by N17.4billion in January

Allocations to the three tiers of government have continued to drop as disbursement for the month of January 2016 witnessed a N17.4billion drop from the previous allocation.

Figures from the last Federation Accounts Allocation Committee, FAAC meeting suggest that federal, states and local gover [...]

Sun, 28 February 2016


Non BVN accounts remains dormant until…CBN

The Central Bank of Nigeria, CBN, has allayed fears of bank customers yet to link their accounts with their Biometric Verification Number, BVN, stressing that such accounts will be considered as a ‘No Customer Initiated Debit’ accounts, until the accounts are successfully sorted out.

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Sun, 28 February 2016


Grand finale draws of FCMB Millionaire Promo Season 2 in Abuja.

L-R: ASP Mustapha Lukman, Regional Director, North, First City Monument Bank, Adamu Abubakar, winner of a Star Time decoder, Adamu Mohammed, and Zonal Head, FCT 1, FCMB, Baldwin Onuigbo during the grand finale draws of FCMB Millionaire Promo Season 2 in Abuja

Sun, 21 February 2016


A roundtable by the Small and Medium Enterprises Development Agency in Nigeria, SMEDAN, recently in Abuja.

L-R: Programme Director, Global Initiative for Peace, Love and Care, Haruna Awa, Business Developer, Afe Global Development Foundation, Jones Ufot and Founder, AGDF, Elvis Orejobi during a roundtable by the Small and Medium Enterprises Development Agency in Nigeria, SMEDAN, recently in Abuja.< [...]

Sun, 21 February 2016


Helpline Foundations to train widows in agric

Helpline Foundation has disclosed plans to engage widows in agriculture, as part of the foundation’s empowerment and self-sufficiency program.

Founder of the foundation, Jumai Ahmadu, disclosed this during the routine presentation of several household items, including food and clothing to [...]

Sun, 21 February 2016


NDIC’s 2016 budget defence before the House Committee on Insurance and Actuarial Matters.

The MD/CEO, Nigeria Deposit Insurance Corporation, NDIC, Alhaji Umaru Ibrahim (centre), assisted by Executive Director Operations, Prince Aghatise Erediauwa (R) and Director Finance, Ms. Diana Okonta (L) making presentation during the NDIC's 2016 budget defence before the House Committee o [...]

Sun, 14 February 2016


‎Electricity deserves proper pricing - NERC

As the latest tariff increase by the Nigerian Electricity Regulatory Commission, NERC, continues to generate intense debate and protest, the Acting Chief Executive Officer of the commission, Dr Anthony Akah, says electricity must be properly priced.

Akah, who made his view on the tariff increas [...]

Sun, 14 February 2016


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