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All posts tagged "featured"

  • MTN heads to court over $3.9bn fine

    MTN Group Ltd. will challenge a $3.9 billion fine in court after resolving that the penalty that’s wiped 28 per cent off the company’s value wasn’t within the powers of the Nigerian Communications Commission (NCC), the telecoms...

    • Posted December 19, 2015
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  • NSE launches XBOSS to enhance compliance and supervision system

    The Nigerian Stock Exchange (NSE) on Thursday launched the Broker Oversight & Supervision System, known as “X-BOSS” as part of efforts to redefine the compliance and regulation experience between the exchange and dealing members (stockbrokers). Speaking at...

    • Posted December 19, 2015
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  • Depot owners protest lease of jetty

    The Petroleum Product Depot Owners Association has called for an intervention in the lease of the Waziri Jetty and its adjourning land by the Nigerian Ports Authority. The association said at a press conference in Lagos that...

    • Posted December 18, 2015
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  • Investors to build new refineries within old plants

    The Federal Government is engaging private investors to build new refineries within the existing old ones, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said. Kachikwu, who doubles as the Group Managing Director of...

    • Posted December 18, 2015
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  • Dollar scarcity: Banks cut customers’ spending abroad by 80%

    Nigerian bank customers who are planning to use their payment cards for shopping via Point of Sale terminals in malls and make hard currency withdrawals via Automatic Teller Machines overseas are in for a shock! Reason: Deposit...

    • Posted December 18, 2015
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  • CBN unveils 62,021 prepaid meters for distribution to Kano Disco customers

    The Central Bank of Nigeria (CBN) on Tuesday in Kano launched the acquisition of 62, 021 metres to be distributed to electricity consumers under Kano Electricity Distribution Company (KEDCO). This is part its N213 billion intervention programme...

    • Posted December 18, 2015
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  • Dangote gives distributors 150 free trucks to boost cement distribution

    Dangote Cement Plc has rolled out over 150 new trucks to ease the distribution and availability of cement across the country, noting that this move by the company was to help distributors service their customers, deliver the...

    • Posted December 18, 2015
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  • We stopped OPAs, crude swaps to remove rent seekers – Kachikwu

    The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Wednesday said the federal government decided to do away with the country’s former practices of Offshore Processing Agreements (OPAs) and the crude-for-products-exchange arrangement, also known as...

    • Posted December 18, 2015
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  • Diamond Bank partners WTEC to ICT training on women

    Diamond Bank has just concluded a six month training programme on information and communications technology (ICT) for 100 young women in Ibadan, Oyo State. Held in collaboration with Women’s Technology Empowerment Centre (WTEC), the training saw the...

    • Posted December 18, 2015
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  • TUC, LCCI differ on proposed petrol price rise

    The Federal Government should not effect the proposed increase in the price of Premium Motor Spirit, popularly known as petrol, without reaching an agreement with the organised labour, the Trade Union Congress of Nigeria has warned. However,...

    • Posted December 17, 2015
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