BUSINESS

Minister of Finance, Kemi Adeosun, has reportedly resigned from the administration of President Muhammadu Buhari. According to sources, Adeosun resigned over allegations that she forged her National Youth Service Corps certificate. However, news men gathered that the minister resumed in her office this morning and it is unclear when the …

Indications have emerged that one of Africa’s leading digital entrepreneur and Chairman, Zinox Group, Leo Stan Ekeh may have decided to quit as CEO of his technology group by 2021. One of Mr. Ekeh’s closest confidante disclosed that, going by his tone at the Zinox Group corporate retreat held in …

Since the establishment of the Meter Access Providers (MAPs) via a regulation of the National Electricity Regulatory Commission (NERC), about 85 companies have applied and secured the required licence to design, produce and install prepaid meters direct to customers of Discos. CWG Good enough, leading digital services provider and pioneer …

MTN, Nigeria’s largest telecommunications company, lost 999,891 subscribers between June and July, according to the latest industry statistics released by the Nigerian Communications Commission (NCC.   Central Bank of Nigeria (CBN) recently ordered MTN to refund $8.1 billion it allegedly repatriated through illegal means.   And on Tuesday, the federal …

Commercial banks in the country having adopted outsourcing model are spending some $264,000 every year on hosting of their data at different tier 111 data centres in the country.   This is in compliance with central bank of Nigeria (CBN) directive to either upgrade their data centres or host their …

Rising from deliberations of a National Executive Council (NEC) meeting.  The Air Transport Senior Staff Services Association of Nigeria ( ATSSSAN) has resolved that it will not guaranty a place for the new national carrier ‘Nigeria Air’ if the Severance Entitlements Settlement of ex-workers of the liquidated former national carrier, Nigeria …

The number of recorded electronic fraud (e-fraud) cases in the banking industry increased by 28 per cent last year, rising from 19,531 in 2016, to 25,043, resulting in a loss of N1.63 billion, the Central Bank of Nigeria (CBN) has said. The apex bank stated this in its draft 2017 …

National Bureau of Statistics (NBS) says a total volume of 509,668,433 transactions valued at N32.90trn was recorded in the banking sector during the second quarter. The NBS made this known  in its “Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength (Q2 2018)’’ report released in …

Nigeria’s biggest family festival, Nickelodeon NickFest in partnership with Maltina is set to take place in Lagos on September 29th and 30th.

A Federal High Court in Abuja yesterday restrained Multichoice Nigeria Limited from going ahead with its recent decision to increase the subscription tariffs for DSTV, its satellite cable television service providers. The restraining order was issued in respect of Suit No FHC/ABJ/CS/894/18 brought before the court by the Consumer Protection …