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  • CBN refunds N13bn to customers

    The Central Bank of Nigeria, (CBN) yesterday disclosed that it had refunded over N13 billion to bank customers that had suffered excess charges by their financial institutions. The central bank said the refund to the customers were...

    • Posted May 7, 2014
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  • Operators woo subscribers with repackaged data roaming

    In this era of dwindling revenue and stiffened competition among telecoms operators, the provision of roaming service for data packages by telcos has been identified as another source of income. This is, therefore, viewed as another dividend...

    • Posted May 7, 2014
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  • Julius Berger issues bonus share to shareholders

    Julius Berger Nigeria (JBN) Plc has declared a bonus of one new share for every 10 shares held for  the financial year ended December 31, 2013.  The construction giants disclosed the bonus issue in a notification to...

    • Posted May 7, 2014
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  • FG, Azura sign $1bn deal for IPP in Edo state

    The Federal Government and Azura Power Holdings Limited Monday signed a $1 billion-financing deal for the flagship 450 megawatt Azura-Edo Independent Power Project (IPP) which is located Edo State. The project also involves a $300 million investment...

    • Posted May 7, 2014
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  • FG explores apps market to address unemployment

    The growing applications market has spurred the Federal Government to explore the industry to address the high rate of unemployment in the country. The government gave the indication at the inauguration of the Enterprise Platform for Entrepreneurship...

    • Posted May 7, 2014
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  • FG asks aviation workers to shelve strike

    The Federal Government has appealed to aviation workers who are preparing for a two-day warning strike over the merger of some agencies to forget the idea as it is still considering the recommendations of the Steve Orosanye-led...

    • Posted May 7, 2014
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  • Banks weigh options to protect ATMs from hackers

    Deposit Money Banks in the country are mulling two options to protect their Automated Teller Machines from hackers following the expiration of the April 8 deadline set by Microsoft for the cessation of support of the Windows...

    • Posted May 7, 2014
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  • Abuja shutdown is illegal – Gbajabiamila

    The Minority Leader of the House of Representatives, Mr. Femi Gbajabiamila, on Monday decried the Federal Government’s decision to shut down the nation’s capital, Abuja, for the World Economic Forum. He said the government’s action was illegal...

    • Posted May 7, 2014
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  • FG to tackle erring firms over unethical competitive practices

    The federal government yesterday said the days of cartel-like entities and organisations involved in antitrust and unethical competitive practices were over, noting that with the presentation of the draft National Competition and Consumer Protection Policy prepared by...

    • Posted May 7, 2014
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  • NSE trades 511.32m shares worth N4.63bn

    Investors on the Nigerian Stock Exchange (NSE) on Tuesday staked N4.63 billion on 511.32 million shares in 5,209 deals. The News Agency of Nigeria (NAN) reports that the volume of transactions represented 97.87 per cent increase over...

    • Posted May 6, 2014
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  • Dangote Cement explains impressive results

    The Group Managing Director of Dangote Cement Plc (DCP), Mr. Devakumar Edwin, last Friday attributed the impressive results of the company in 2013 to various strategies the management of the company adopted. DCP recorded a turnover of...

    • Posted May 6, 2014
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  • NSE Lists Ekiti, Nasarawa N10bn Bonds

    The Nigerian Stock Exchange (NSE) last Friday listed the  Ekiti State N5 billion 14.5 per cent fixed rate due 2020 and  the Nasarawa State N5billion 15 per cent  fixed rate bond due January 6, 2021. The Ekiti...

    • Posted May 6, 2014
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  • CBN bans bank debtors from new loans

    The Central Bank of Nigeria has banned debtors of closed banks with non-performing loans of a maximum of N250m from accessing new facilities in any Deposit Money Banks in the country. The Managing Director/Chief Executive Officer, Nigeria...

    • Posted May 6, 2014
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  • Nigeria records $6.61bn Forex outflow

    The total outflow of forex from the country in February 2014 has been put at $6.61 billion. Similarly, the provisional data of the Central Bank of Nigeria (CBN) indicated that forex inflow through the central bank in...

    • Posted May 6, 2014
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