By Amechi Obiakpu Stakeholders in the e-payment system have identified low-level of awareness and absence of trust as major challenges that have slowed mobile money penetration in Nigeria. Mobile Money, an electronic payment solution that lets users send and receive money using their mobile phone, was introduced in Nigeria in 2010 to foster financial inclusion […]
South Korean prosecutors have raided the offices of Samsung Electronics as part of a probe into the political scandal around President Park Geun-hye. The prosecutors are investigating allegations that Samsung gave money to the daughter of Choi Soon-sil, a close friend of the president. Ms Choi is accused of using their friendship to interfere in […]
The Chinese government has fired their minister of finance, Lou Jiwei. Xiao Jie, a long time bureaucrat from China’s Ministry of Finance, has replaced the globally renowned finance minister Lou Jiwei. The move comes as global concerns grow about China’s economic slowdown. Beijing for some time now has been trying to rebalance the economy, and […]
The Lagos State Government on Monday said that it has set a target to utilize the N25billion Employment Trust Fund to provide financial support to over 100,000 Micro, Small and Medium Enterprises (MSMEs) within the next three years. Executive Secretary of the Lagos State Employment Trust Fund (LSETF), Mr. Akintunde Oyebode, who spoke while briefing […]
The Central Bank of Nigeria Governor, Mr Godwin Emefiele, says in less than five years, Nigeria would become self-sufficient in rice production, going by the actions and on-going support of the government to farmers and Nigerians interested in farming. Mr Emefiele who led the Presidential Task Force on rice and wheat production to Cross River […]
By Amechi Obiakpu The Central Bank of Nigeria (CBN) has faulted the impression that the inability of mobile money in Nigeria to achieve a higher success rate in the country six years after it was created was because it is bank-driven rather than telecom-driven. Rather, the apex bank said the telecom companies are more interested […]
It was a night of glitz and glamour with a unique gathering of major stakeholders in Nigeria’s marketing industry as the Advertisers Association of Nigeria (ADVAN) rolled out the red carpet to celebrate outstanding achievers in the country’s marketing space recently. The 2016 ADVAN Awards for Marketing Excellence that took place last weekend at the […]
The European Union, (EU) has urged the Nigerian Government to ensure that it fulfills its commitment to stop gas flaring by 2030. The EU Ambassador to Nigeria and West Africa Michel Arion, stated this on Thursday during a film presentation on Nigeria’s environmental and climatic challenges at the Government House in Kaduna State. He reiterated […]
United Bank for Africa (UBA) Plc is promoting financial literacy among young school children in Nigeria. To this end the bank’s Executive Director, Lagos and West, Mr. Ayoku Liadi, was at the Olivet Baptist High School in Oyo to mentor and teach the students on the benefits of inculcating financial discipline. “The Future belongs to […]
The Association of Nigerian Electricity Distribution Companies (ANEDC) has described the call for a reversal of the privatised power sector by the President of Dangote Group, Aliko Dangote, as reckless. The Federal Government had on Sept. 30, 2013, following the privatisation process initiated by the Goodluck Jonathan regime, divested its shares from the Power Holding […]