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T‌elcos Hint On Disconnection of Banks’ USSD Services Over N42bn Debt

The Association of Licensed Telecommunications Operators of Nigeria has hinted that it will disconnect Financial Service Providers from Unstructured Supplementary Service Data services from March 15 until they pay their over N42bn

March 13, 2021

by Mohammed Shosanya

Energy Transition Enabler For Oil Divestments In Nigeria, Says Report

A new report by Africa Oil Week and Wood Mackenzie has said the global transition to cleaner energy will drive sales of oil and gas assets in Nigeria and other sub-Saharan African

July 1, 2021

Oil&Gas

DisCos Greatest Enemies Of Manufacturers -MAN

The Manufacturers Association of Nigeria (MAN), has carpeted electricity distribution companies in Nigeria for not doing to boost power supply to its customers. Its Director-General,Segun Kadiri, dthis on the heels of proposed

July 1, 2021

Power

Senate Moves To Stop Illicit Funding Of Terrorists In Nigeria

The Senate has considered a Bill that would disrupt the financial flow and funding of criminal enterprise and terrorist financing in Nigeria through the seizure of assets and monies marked as proceeds

June 30, 2021

News

Default:PenCom Fines 25 Employers N446.17m

The National Pension Commission has said it fined 25 employers the sum N446.17m for not remitting the pension funds of their employees It also recovered N608.55m from the employers who deducted

June 30, 2021

PENCOM

Africa’s Mobile Money Transactions Hit $767bn

Africa accounted for $767 billion global mobile money transaction in 2020,representing 64% of the value of the transactions within the period,a report by CR2,has report. The report is titled,’CR2 Market Insight: African Banking and

June 30, 2021

Banking&Finance

Women In Oil Sector To Get $40m Intervention Fund

The Nigerian Content Development and Monitoring Board (NCDMB) and Nigerian Export-Import Bank (NEXIM) have deployed US$40 intervention fund to support qualified women entrepreneurs in the nation’s oil and gave industry. The NCDMB says

June 30, 2021

Oil&Gas

NNPC Says No Petrol Price Hike In Two months

The Nigerian National Petroleum Corporation (NNPC) has said that pump price of fuel will not be increased in the next two months as engagement with the organised labour has not been concluded. Managing

June 30, 2021

Oil&Gas

Zenith Bank,AccessBank,UBA,Others Grow Earnings By 311%

A new report by Coronation Asset Management says Zenith Bank, Guaranty Trust Bank; Access Bank, FBN Holdings, United Bank for Africa and Stanbic IBTC Holdings grew their interest-earning assets from N6.5tn in 2010 to

June 29, 2021

Banking&Finance

CBN Releases 50,000MT Of Maize To Producers,Warns Against Naira Abuse

The Central Bank of Nigeria has released 50,000 metric tonnes of maize to 12 major producers from strategic maize reserve under the Anchor Borrowers’ Programme. The apex bank explained that the release

June 29, 2021

Banking&Finance

Coronavirus: FG Stops Travellers From South Africa

The Presidential Steering Committee (PSC) on the COVID-19 pandemic has added South Africa to the list of countries from where travellers are restricted on account of the increasing cases of COVID-19 in

June 29, 2021

Health

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