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  • UBA introduces bill payment on PoS

    The United Bank for Africa (UBA) Plc has announced the introduction of Value Added Services (VAS) on its point of sale (PoS) terminals. A statement at the weekend explained that with the new service on the UBA...

    • Posted November 4, 2014
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  • Transcorp posts N9.7bn profit in nine months

    Hopes of shareholders of Transnational Corporation of Nigeria Plc (Transcorp) to receive another dividend at the end of the financial year were raised last week as the company announced improved results for the nine months ended September...

    • Posted November 4, 2014
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  • CBN may tighten monetary policy this month – Report

    The Central Bank of Nigeria will likely decide to tighten monetary policy in its meeting this month, if the decline in global oil prices continues, according to a new report by Ecobank Research. Ecobank in the report...

    • Posted November 4, 2014
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  • Shareholders set to approve NB Plc, Consolidated Breweries merger

    The Nigerian Breweries Plc’s proposed merger with Consolidated Breweries Plc got a boost last week as the Federal High Court has approved a court ordered meeting of shareholders of the company to consider the proposal. Managing Director/Chief...

    • Posted November 4, 2014
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  • Fidelity Bank launches Outbound Money Transfer

    Fidelity Bank Plc has gone into partnership with MoneyGram to launch an outbound money transfer product for Nigerians. The product marketed as “Naija Sends”, allows Nigerians to send their naira abroad through any Fidelity Bank branch and...

    • Posted November 4, 2014
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  • Foreign exchange reserves drop to $38.7bn

    The country’s foreign exchange reserves fell 1.94 per cent month-on-month to stand at $38.76bn on October 29, the lowest level in more than three months, according to data from the Central Bank of Nigeria. The reserves also...

    • Posted November 4, 2014
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  • Skye Bank completes payment for Mainstreet

    Skye Bank Plc says it has announced the full payment of the 80 per cent balance of its purchase price for Mainstreet Bank. This is in fulfilment of the major requirement for its acquisition of 100 per...

    • Posted November 4, 2014
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  • Air traffic controllers issue ultimatum over pay

    The Nigerian Air Traffic Controllers’ Association has issued a 21-day ultimatum to the Nigerian Airspace Management Agency to pay the outstanding money owed its members of face a nationwide industrial action. The group, in a communiqué jointly...

    • Posted November 4, 2014
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  • Western investors coy on power sector investment – FG

    Western nations are stalling on investing in Nigeria’s power sector, the Federal Government has said. According to the government, a large percentage of foreign investments in the sector is from Asia, while America and Europe have not...

    • Posted November 4, 2014
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  • FG urged to prevent leakages in oil production

    In view of the effects of dwindling crude oil price on the Nigerian economy, the federal government has been advised to intensify efforts at preventing leakages and pipeline vandalism, which disrupt oil production. This, according to analysts...

    • Posted November 4, 2014
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  • Capital flows to determine fate of the naira – Analysts

    As the United States Federal Reserve finally halts its $4.5 trillion bond-buying programme, a radical monetary policy it introduced nearly six years ago to steer the country’s economy, analysts have noted that it might put further pressure...

    • Posted November 3, 2014
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  • PIB passage, kerosene subsidy report suffer setback

    The defection of the Speaker of the House of Representatives, Mr. Aminu Tambuwal, from the ruling Peoples Democratic Party to All Progressive Congress, and the subsequent adjournment of sitting of the lower house to December 3, may...

    • Posted November 3, 2014
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  • Group asks CPC to seek amicable resolution of dispute with Coca-Cola

    Consumer Rights Advocacy Network has called on the Consumer Protection Council (CPC) to act with caution in handling its disagreement with Coca-Cola Nigeria Limited and the Nigerian Bottling Company so as not to send wrong signal to...

    • Posted November 3, 2014
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  • N52.5bn textile loans go bad

    There are strong indications that the Bank of Industry may not recover over half of the N100bn Cotton Textile and Garment Intervention Fund established by the Federal Government in 2009 to aid the revival of the textile...

    • Posted November 3, 2014
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