Tag Archives: Central Bank of Nigeria

MTN Nigeria has raised its Capital Expenditure (Capex) by 63.8% to N105.8 billion while its EBITDA grew by 40.0% to N304.9 billion. As contained in its unaudited result for the six month ended 30 June 2019, “MTN Nigeria delivered a solid performance, with strong voice (+11.4%) and data revenue (+31.7%) …

The Central Bank of Nigeria (CBN) has pumped over $42.3 billion  into the foreign exchange market in the past year to ensure liquidity in that segment of the economy. A breakdown of the numbers shows that about 7.89 billion dollars went into the market in the second quarter of 2018, while …

The Association of Licensed Telecommunication Operators of Nigeria (ALTON) has called on the Federal Government urgent attention as more than ten Nigerian states and over 300 ATMs risk imminent service blackout. This Charge was made yesterday at a Press Conference held in Lagos. According to the ALTON Chairman, Engr Gbenga …

Teleology Holdings has officially taken over control of Nigeria’s troubled telecommunication company, 9mobile as Nasiru Ado Bayero becomes the Chairman of the new Board of Directors. Stephane Beuvelet will serve as the acting managing director, according to a statement by Mohammed Edewor, a new non-executive director of the new 9Mobile. …

The Nigeria Deposit Insurance Corporation (NDIC) has said the takeover of the defunct Skye Bank PLC has been able to save more than 6,000 jobs and over N949.60 billion in customers’ deposits as at June 2018. The Central Bank of Nigeria (CBN) and the NDIC had in September this year …

  The Federal Government is set to prosecute the people responsible for the fall of Skye Bank. This was revealed by Zainab Ahmed, the new minister of finance. Ahmed, who paid a courtesy visit to the Nigerian Deposit Insurance Corporation (NDIC) in Abuja, directed Umaru Ibrahim, NDIC’s managing director/CEO, to …

For the 18th unbroken month, inflation rate continued a downward trajectory, declining from 11.23 per cent in June to 11.14 per cent in July. This is coming as the Central Bank of Nigeria (CBN) intensified its public enlightenment drive on its currency swap policy, explaining that a major objective of …

Association of Telecommunications Companies of Nigeria (ATCON) has decried recent directive by the Central Bank of Nigeria (CBN) to all banks on the collection of 0.005% levy on all electronic transactions into a National Cyber Security Fund account within the CBN which they said will cripple effort to speed up …