BUSINESS Archives - Page 147 of 162

Buhari receives Peugeot car executives in Nigeria, inspects latest brands of Peugeot

November 19, 2015Ekene Onyeama

Press statement from the presidency below… President Muhammadu Buhari Thursday in Abuja reaffirmed his Administration’s commitment to the Federal Government’s privatisation and commercialisation policy. Speaking at an audience with Peugeot’s Executive Vice President for Africa and the Middle-East, Mr. Jean-Christophe Quemard, President Buhari stressed, however, that greater consideration will now be given to the technical […]

World’s second-biggest diamond discovered in Bostwana

November 19, 2015Ayo Olowo

Lucara, a Canadian company, has revealed that the world’s second-largest gem-quality diamond has just been discovered in Botswana.Lucara’s Chief Executive Officer, William Lamb, in a statement, mentioned that the 1,111-carat diamond is second in size only to the 3,106-carat one excavated at Cullinan mine in South Africa in 1905, which was cut into British crown […]

Nigeria at risk as Oil falls below $40

November 19, 2015November 19, 2015Ayo Olowo1 Comment

Crude oil prices faced a further fall to what was a six-year low, dipping below $40 less than 24 hours after Iran threatened to increase supply by 500,000 barrels a day. In August 2015, crude oil fell to a six-year-low at $39.86, but has since stood above $40, only for West Texas Intermediate (WTI) to […]

Kachikwu orders DPR to distribute hoarded fuel to Nigerians free of charge

November 18, 2015November 18, 2015Ayo Olowo

The newly appointed Minister of State for Petroleum Resources, Ibe Kachikwu, on Tuesday gave a directive to the Department of Petroleum Resources, ordering them to seal off fuel stations found to be hoarding petroleum products and dispense the petroleum free to the public. Kachikwu gave the directive after a working visit to some retail outlets […]

TSA: Remita to remit 1% commission already collected to CBN

November 17, 2015November 17, 2015Ayo Olowo

Reports that the Central Bank of Nigeria (CBN) had written to Systemspecs, owners of Remita electronic payment platform, instructing the firm to return the commissions it has received for managing the treasury single account (TSA), has been confirmed by Senator Dino Melaye. ‎ Melaye this known to back his claim that Systemspecs was has already […]

TSA: Accountant-General, CBN, SystemSpecs meet on fee

November 17, 2015November 17, 2015Ayo Olowo

Today is the day set for the Office of the Accountant General of the Federation (OAGF) and the Central Bank of Nigeria (CBN) to meet with SystemSpecs, banks and other stakeholders on the tariff for the transactions fees to be charged under the Treasury Singles Account (TSA). The meeting is aimed at reviewing the […]

UBA Contactless Cards Set Off a Revolution In Card Payments In Nigeria

November 16, 2015Ayo Olowo

The leading financial services institution in digital banking offerings in Nigeria, and across Africa, United Bank for Africa (UBA) Plc is changing the payments landscape in Nigeria with the introduction of contactless payment cards. The contactless payment cards off UBA customers an easier and more convenient hassle-free way to pay for goods and services. It […]

Potiskum; the ancient splendor

November 16, 2015Ayo Olowo

Nkem Ndem The largest city in Yobe State, North-east Nigeria, Potiskum is a local government which strongly competes with the state’s capital Damaturu. More commonly recognized as a local government area in the state with the largest cattle market in Africa, as well as the largest millet market in North-East Nigeria, the city has a […]

Breaking News: MTN $5.2b fine deadline shifted

November 16, 2015Ayo Olowo

Just hours to the enforcement of the fine slapped on MTN Nigeria by the government, information has arrived that Nigerian authorities will not enforce a $5.2 billion fine on South Africa’s MTN until negotiations have been concluded. MTN, which earns 37 percent of its revenues in Nigeria, last week appointed former chief executive Phuthuma Nhleko […]

MIA LAUNCHES XIAOMI SMARTPHONES IN NIGERIA IN PARTNERSHIP WITH JUMIA

November 16, 2015November 16, 2015Ayo Olowo

Redmi 2 and Mi 4 available from the second week of November MIA Group on Wednesday, Nov. 11, announced the launching two of Xiaomi’s iconic smartphones in Nigeria, which will be made available on e-commerce website Jumia, its exclusive online partner for the launch. Xiaomi, which is valued at $45 billion, has now positioned itself […]