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  • Central Bank cancels N100 charge on use of other banks’ ATM

    Users of Automated Teller Machines will no longerpay N100 on withdrawals whenever they use banks other than theirs, the Central Bank of Nigeria said on Tuesday. The decision was taken at the end of a meeting inAbuja...

    • Posted November 13, 2012
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  • Nigeria Stock Exchange Watch: ASI (-1.20%) Sheds Weight as Blue Chips Slide

      The All Share Index shed a 120 basis points to close at 26,290.41. The decline was caused by a slide in the prices of stocks of bluechips, mostly top-tier banks and Nigerian Breweries (-2.15%). Only two banks...

    • Posted November 13, 2012
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  • Experts advocate more attention to eHealth and Telemedicine

    The capital city of Nigeria, Abuja, last week played host to local and foreign Medical, Technology and Financial experts who converged to present a common stand on the importance of eHealth in the 21st century. The event...

    • Posted November 13, 2012
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  • Data to drive 22% of Telco Revenue in Africa by 2016

      A recent survey published by research firm Informa Telecoms and Media reveal that the data services run by the mobile industry will bring about 22% of the Telecommunications revenue in Africa by 2016.   The Data services which...

    • Posted November 13, 2012
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  • Ottoabasi Abasiekong: Greece and the battle for Survival on Debt crisis

      With the bombshell from the European Central Bank President  Mr  Mario Draghi that it has reached its limit and capacity in helping and assisting Greece solve its debt crisis and pandemic, the Hellenist Nation is on a race...

    • Posted November 13, 2012
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  • RenCredit MFB Opens in Nigeria to Focus on Middle-Income Market

    RenCredit MFB Ltd., the Nigerian consumer-finance unit of Moscow-based Renaissance Group, opened operations in sub-Saharan Africa’s second-biggest economy. “We plan to lend about 1 billion naira ($6.3 million) over the next six months, but much of our lending...

    • Posted November 13, 2012
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  • Africa Innovation on display at Maker Africa Faire

      The Maker Africa faire is underway this week n Lagos, Nigeria as people from the tiniest to the biggest villages in Africa converge to showcase new technological discoveries that can bring solutions to the continents challenges....

    • Posted November 13, 2012
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  • Tony Elumelu Foundation names new director

    The Tony Elumelu Foundation has announced the appointment of Ms. Désirée Younge from Sierra Leone, as Director of Leadership and Entrepreneurship Development. Younge comes to the Foundation with extensive experience in philanthropy and impact investing through her...

    • Posted November 13, 2012
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  • NCC Bans Telcos from Marketing Promotions and Lotteries

      The Nigerian Communications Commission (NCC) yesterday banned telecoms operators from running promos and lotteries. The telecom regulator attributed network congestion to the promos. This was disclosed by the Director, Public Affairs of the commission, Tony Ojobo,...

    • Posted November 13, 2012
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  • Wema Bank set to raise N35 billion Tier 1 Capital

    Wema Bank, Nigeria’s most resilient financial institution and oldest surviving indigenous lender, yesterday, announced plans to reapply for a National Banking License in view of a proposed tier 1 capital injection of around N35 billion by December...

    • Posted November 13, 2012
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  • Oil-pipeline
    Ex-Militants N5.6 billion Pipelines Security Contracts Face Imminent Termination

    The contentious N5.6 billion pipeline surveillance contracts awarded to ex-Niger Delta militant leaders is at the verge of termination following rising oil theft. It could be recalled that at the peak of militant activities in the Niger...

    • Posted November 13, 2012
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  • Shell and Eni in Trouble over Violation of UK Laws in Malabu Oil Deal

    Royal Dutch Shell and Eni may be in trouble with British law enforcement over a $1.1 billion Nigerian offshore oil block the companies bought last year. The OPL 245 block was the asset fraudulently acquired by Dan...

    • Posted November 13, 2012
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  • CBN Blames Rising Inflation on Governor’s Ostentatious Spending

    The Central Bank of Nigeria (CBN) has called on State governors to watch their spending habits, as their extravagant spending habits is responsible for inflation in the country. This warning was issued by the deputy governor, financial...

    • Posted November 13, 2012
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  • Nigeria Stock Exchange Watch: ASI (-0.41%) Dips as Sell Side Sentiments Persist

    The market began the week with the ASI shouldering a loss of 0.41% to close at 26,609.33. Sell side sentiment was the order of the day as the banking sub-sector saw 4 gainers vs 9 losers. The Food...

    • Posted November 12, 2012
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