The Central Bank of Nigeria (CBN) has ordered the suspension of MTN Group dividend payment from the Nigerian subsidiary of the telecommunications giant, until further notice. Addressing the latest developments on the alleged illegal repatriation of $13.97 million by the Group, MTN said the CBN had ordered the four commercial banks operated by MTN to […]
The Federal Government of Nigeria has blamed the low-level implementation of annual budgets and national development plans in the public service on capacity gaps in the country. The Permanent Secretary of the Ministry of Budget and National Planning, Mrs Fatima Mede, said this in a statement on Monday after a training for budget and planning officers of […]
The British Bankers’ Association has warned that the big banks in the UK are getting ready to leave the United Kingdom following fears and uncertainty about Brexit. BBA head, Anthony Browne, in his writing in the The Observer says while the large banks gearing to relocate from the UK as early next year, smaller banks could transfer […]
Ikeja Electric Plc, Nigeria’s largest distribution company has partnered with Dr. Ameyo Stella Adadevoh (DRASA) Health Trust and Kleanmate to celebrate this year’s Global Hand washing Day with children in selected Secondary Schools located within its network coverage. The event, celebrated yearly on October 15, promotes right hygiene practices, with the aim of reducing the […]
Major internet services including Twitter, Spotify and Amazon suffered service interruptions and outages on Friday as a US internet provider came under sustained cyber attack. The internet service company Dyn, which routes and manages internet traffic, said that it had suffered a distributed denial of service (DDoS) attack on its domain name service shortly after […]
The first meeting of the Asian Infrastructure Investment Bank’s International Advisory Panel held in Beijing, China, ended with a major focus on the global economic situation and its implications for the Bank’s operations, the need to promote green infrastructure in the new global agenda and the importance of increasing private sector involvement in infrastructure in […]
The Central Bank of Nigeria (CBN) on Tuesday released an amendment to its Guidelines on Transaction Switching in Nigeria, in what is expected to ensure a competitive environment and promote shared services and innovation. Section 2.6.3 of the guidelines which stipulates that “the NCS (National Central Switch) shall not own or promote any card business […]
Amidst the euphoria of the recent deal to receive $15 billion upfront payment from India for Nigeria’s crude oil, the Federal Government, was on Tuesday enjoined to speed the process of passing the Petroleum Industry Bill (PIB) into law, without which no one will touch the nation’s offshore oil blocks, especially with insecurity onshore. According […]
In furtherance of its quest to improve the wellbeing of communities where it does business, Fidelity Bank Plc, one of the nation’s highly diversified financial institutions, in strategic partnership with Gazelle Academy and Waziri Umaru Federal Polytechnic, Birnin Kebbi, has empowered 500 Nigerian with top-notch entrepreneurial skills. The programme, which is part of the bank’s […]
Unilever has been certified as the Top Employer in Africa for the third time in a row. Unilever’s Top Employer status in Africa was solidified when company was certified in Zimbabwe for the first time and achieved No.1 status in Ghana, Nigeria and Kenya. The organisation also added the No. 1 FMCG in South Africa […]