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BUSINESS

UBA introduces Master Pass QR Bot in partnership with MasterCard
2 weeks ago

UBA introduces Master Pass QR Bot in partnership with MasterCard

Pan African Financial institution, United Bank for Africa (UBA) has again disrupted the e-payment space with the introduction of Master Pass ‘Quick Response’ (QR) Bot. The revolutionary solution enables the …
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ATM transactions across Nigeria hit 1.56bn in first quarter of 2018
2 weeks ago

ATM transactions across Nigeria hit 1.56bn in first quarter of 2018

The National Bureau of Statistics (NBS) says Automated Teller Machines (ATMs) from selected banks across the country recorded transactions valued at N1.568 billion in first quarter.

The NBS stated this …
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ZTE petitions US government to lift sanctions
2 weeks ago

ZTE petitions US government to lift sanctions

Chinese telecom giant ZTE has asked the US government to lift a ban on sales to the company, which threatens its survival and has added to trade tensions between Washington …
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Nigeria issues licenses for establishment of 13 modular refineries
2 weeks ago

Nigeria issues licenses for establishment of 13 modular refineries

By  •  BUSINESS

Nigeria has given licenses to 13 firms to establish modular refineries. A total of 35 firms expressed interest to establish the refineries, indicating less than half got the approvals from …
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Ships laden with petrol, food and other items arrive Lagos ports
3 weeks ago

Ships laden with petrol, food and other items arrive Lagos ports

By  •  BUSINESS

At least eight ships laden with various products including petrol are waiting to berth at the Lagos ports, the Nigerian Ports Authority (NPA) said on Thursday.

The NPA disclosed this …
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Shareholders Commend Transcorp For Industry Leading Role In Improving Access to Electricity in Nigeria
3 weeks ago

Shareholders Commend Transcorp For Industry Leading Role In Improving Access to Electricity in Nigeria

Shareholders of Transnational Corporation of Nigeria Plc (Transcorp) strongly commended the Board and management for Transcorp’s impressive contribution to transforming the Nigerian power sector, through its power subsidiary, Transcorp Power. The commendations …
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Osun government seals OAU’s Adm. Block over N1.8bn tax debt
3 weeks ago

Osun government seals OAU’s Adm. Block over N1.8bn tax debt

By  •  BUSINESS, LOCAL

The Osun State Internal Revenue Service  on Wednesday  sealed the Administrative Bock of  Obafemi Awolowo University (OAU), Ile-Ife,  over a N1.8 billion  tax debt.

The News Agency of Nigeria (NAN) …
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Oil price rise above $75 per barrel
3 weeks ago

Oil price rise above $75 per barrel

By  •  BUSINESS

International oil benchmark, Brent crude, on Monday hit $75 per barrel and rose further amid growing geopolitical tensions in the world.

Brent, against which Nigeria’s crude oil is priced, stood …
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ALLOCATION: FG, States, LGs share N626.8 billion for April
4 weeks ago

ALLOCATION: FG, States, LGs share N626.8 billion for April

By  •  BUSINESS, LOCAL

While briefing Journalists on the outcome of the Federal Account Allocation Committee (FAAC) meeting held on Thursday, Ahmed Idris, the Accountant-General of the Federation (AGF), said the federal government, states …
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NCC remits N49.7b in Q1 to Federal Government
4 weeks ago

NCC remits N49.7b in Q1 to Federal Government

By  •  BUSINESS

The Nigerian Communications Commission (NCC) said it remitted N49.7 billion to the Federal Government in the first quarter of 2018.

Mr Tony Ojobo, the NCC’s Director of Public Affairs said …
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