Samsung Woes Deepen Over Galaxy Note 7 Samsung Electronics took another hit Monday over its recalled Galaxy Note 7 smartphone, acknowledging it was “adjusting production” of...
Interbank Rates Rise as CBN Sells Treasury Bills The Central Bank of Nigeria (CBN) sold about N283 billion ($877.11 million) worth of treasury bills to mop...
Tincan Island Port Generates N25.6bn in September The Nigerian Customs Service (NCS), Tincan Island Port has announced that the various strategic plans aimed at enhancing revenue...
Airlines Accuse Aviation Agencies of Illegal Charges Domestic airlines have said some of the charges they pay to aviation agencies, estimated at N10 billion per annum,...
Customers who lose money to fraudsters through the mobile money-driven Unstructured Supplementary Service Data (USSD) banking will be reimbursed by their banks, the Central Bank of Nigeria...
CBN Sets 10% Limit on Banks’ Investment in Islamic Bonds The Central Bank of Nigeria (CBN) has set commercial banks’ investment in Islamic bonds issued by...
Anchor Grows Income by 23% Anchor Insurance Company Limited said it has increased its gross premium income by 23 per cent from N1.905 billion in 2014...
Broadband Penetration Now More than 20% With 30 per cent broadband penetration target by 2018, the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof....
Financial and investment experts have said listed Nigerian banks are trading at huge discount relative to their emerging counterparts. The economic and financial headwinds in the...
FG Asks Lagos to Refund Billions of Naira Collected in Wharf Landing Fees The federal government has asked the Supreme Court to declare the Lagos State...