Business

MTN to seek banking licence in Nigeria

MTN Group will apply for a mobile banking license in Nigeria and launch a service there next year, its CEO said on Tuesday, further embedding ...

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Fed govt to auction N115bn bonds Nov. 21

The Debt Management Office (DMO) says the Federal Government is to auction by subscription N115 billion worth of bonds on November 21. The DMO said ...

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Economy: FG borrowed over N2tr to fund 2017 budget – DMO

The Federal Government borrowed a total of N2.32 trillion in 2017 to fund deficit in the budget, the Debt Management Office (DMO) disclosed on Monday. ...

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Diamond, Access Bank deny merger, acquisition talks

Diamond Bank Plc and Access Bank Plc have notified the Nigerian Stock Exchange (NSE) and the general public that both banks were not in any ...

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Teleology takes over 9Mobile, appoints directors

Teleology has formally taken over control of Nigeria’s troubled telecommunication company, 9mobile, by appointing a new board of directors, headed by 54 year-old Nasiru Ado ...

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Defunct Skye Bank directors under probe for insider abuse, others — NDIC

The Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN) are monitoring the investigations by law enforcement agencies against the directors and ...

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Heritage Bank calls for increased govt, banks’ support in agric sector

Heritage Bank Plc has called on government at all levels and deposit money banks to increase supports in agriculture, as it is the most resilient ...

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Sahara Power Group partners South Sudan for power sector devt

In keeping with its vision to ‘Light up Africa’, Sahara Power Group (SPG) has signed a Memorandum of Understanding (MoU) with the South Sudanese Ministry ...

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Nigeria’s airlines fly Africa’s oldest planes – Report

Nigeria’s commercial airlines have the oldest aircraft fleet in Africa, with the age of an aircraft in one of the airlines, being 28.1 years, the age many planes are either due for retirement or decommissioning or may have been retired at least some years earlier ...

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Fed Govt commits to expanding export of locally-produced goods, services

The Minister of Budget and National Planning, Senator Udoma Udo Udoma says the Federal government is committed to the diversification of the country’s economy away ...

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