Featured

Nation

Irked By Minister’s, Revenue Agencies Unbudgetted Spending National Assembly Warns Of Dire Consequences

The National Assembly has warned the Minister of Finance, Zainab Ahmed, and heads of all Federal Government revenue-generating agencies against spending revenues without the approval of the federal lawmakers as required by law. The chairmen of the Finance Committees of the nation’s parliament, Senator Solomon Adeola (Senate) and James Faleke (House of Representatives), gave the […]

Read More
Uba House

UBA Pays Shareholders’ N0.20 Interim Dividend, Grows Half Year Profits By 21%

Nigeria’s leading financial institution, United Bank for Africa Plc has grown its half year profit by 21 per cent as shown in its audited financial results for the period ended June 2019, showing impressive growth across key performance indices, from significant contributions from its African subsidiaries. In spite of the increasingly unpredictable environment witnessed in […]

Read More
Red Tv

REDTV’s Red Hot Topics Goes Live… As Millennials Bare All

Following the immense success of its drama series, The Men’s Club (TMC), REDTV is about to launch its own chat show, Red Hot Topics. The show follows a panel of young people discussing current and hot topics that affect everyday life. They will openly and frankly touch on topics ranging from equality to infidelity, sex, […]

Read More
Wigwe

Access Bank Woos Customers With New Quick Loan Scheme

One of Nigeria’s biggest bank, Access Bank Plc, has introduced Quick Loan Scheme or Payday Loan with a daily loan target of N400 million to at least 20,000 customers. On the bank’s website, they highlight that you do not need to have a salary account in Access Bank for you to access the Payday loan. […]

Read More
Godwin Emefiele

CBN Rolls Out Penalties Against Banks, Others On Electronic Payments

The Central Bank of Nigeria has unveiled a new sets of sanctions against deposit money banks, mobile money operators, payment solution service providers and other financial institutions for electronic payment infractions. The CBN, on Tuesday, rolled out the ‘Regulations on Electronic Payments and Collections for Public and Private Sectors in Nigeria’, which it described as […]

Read More
Nse Logo1

NSE To Launch X-Mobile For More Investors’ Participation

Nigerian Stock Exchange (NSE), has said it is  launching X-Mobile, a dynamic and user-friendly mobile app, to enhance more investors’ participation in the Nigerian capital market. The NSE mobile app which is currently in its Beta state will be launched at the 2019 NSE Market Data Workshop taking place on Wednesday, September 11, 2019, at […]

Read More
Wigwe

Access Bank Declares 25k Interim Dividend As First Post-Merger Half Year Profits Before Tax Hits N74.1bn

Access Bank Group’s maiden post merger profits audited half year results released to the Nigerian Stock Exchange (NSE), have been impressive, showing impressive digits across all indices, a feat which has led to the bank also declaring an interim dividend of 25 kobo per share to its shareholders. A breakdown of the group’s impressive performance […]

Read More
Acting Dg Sec Mary Uduk (1)

SEC To Shareholders: Claim Your Dividends In Defunct Afribank

The Securities and Exchange Commission (SEC) has appealled to shareholders of the defunct Afribank Plc to claim their dividends. The apex regulatory authority of the Nigerian capital market, made this call as part of its investor protection programme and as well as ensure that shareholders get the benefits of investing in the capital market. According […]

Read More
Emefiele

CBN Outlines Conditions for Floating Of Subsidiaries, SPVs by DFIs

The Central Bank of Nigeria (CBN) has unveiled conditions for the establishment and operations of subsidiaries and special purpose vehicles (SPVs) by Development Finance Institutions (DFIs). The Bank in a letter to all DFIs that was signed by its Director, Other Financial Institutions Supervision Department, Mrs. Tokunbo Martins, a copy of which was posted on […]

Read More
Aviation

Domestic Airfare Up by 25% on Aviation Fuel Scarcity

Domestic routes airfare have been hiked by over 25 per cent by airline operators due to the scarcity of aviation fuel. ThISDAY, reports that Scarcity of aviation fuel, also known as Jet A1, has led to over 20 per cent rise in the price of the fuel, from between N180 and N200 per litre to […]

Read More
Bus

Lagos BRT Buses Collision Injure 18 Passengers

Eighteen persons suffered various degrees of injuries on Monday when two Bus Rapid Transit vehicles collided at the Asolo end of the Ikorodu Road in Lagos. One of the buses was said to be heading for Ketu when two motorcycles suddenly emerged on the dedicated BRT lane and the bus driver, in an attempt to […]

Read More
Nbs

GDP Drops to 1.94% in Q2

Nigeria’s Gross Domestic Product (GDP) growth rate dropped to 1.94 per cent (year on year) in real terms in the second quarter of the year (Q2 2019) compared to 2.10 per cent in the preceding quarter, according to the National Bureau of Statistics (NBS). This represented a –0.16 percentage point contraction of the economy. According […]

Read More