TELECOM firms operating in Nigeria should not put their desire to make profits above security concerns, President Muhammadu Buhari said on Tuesday. Nigeria has been pushing telecom companies to verify the identity of their subscribers amid fears that unregistered SIM cards were being used by criminal gangs in a country facing an insurgency from Boko […]
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Currency dealers and hawkers are currently making stupendous profits from the sale of scarce foreign exchange, while the Central Bank of Nigeria watches helplessly. Findings revealed that despite the scarcity of foreign exchange in the economy, billions of dollars are lying fallow with the Deposit Money Banks, Bureux De Change operators and currency hawkers waiting […]
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The challenges of inability to grow revenue being faced by major financial institution, Union Bank Plc, could lead to a drop in gross earnings for the bank at full year. Rising interest cost is hurting profit capacity and the bank isn’t likely to achieve up to one-half of its preceding year’s profit based on the […]
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