MTN Fine Reduction: House Summons AGF, Communications Minister

The House of Representatives has summoned the Minister of Justice and Attorney-General of the Federation, Abubakar Malami, and Minister of Communications Adebayo Shittu for explanation on the reduction of fine…

CBN May Announce Flexible Exchange Rate Guidelines This Week

By Akin Akinremi The Central Bank of Nigeria (CBN) may announce its flexible exchange rate policy guidelines this week, amidst speculations by some financial experts and analysts that the apex regulatory…

States, LGs Share N2.8 trillion in Buhari’s First Year-Report

The 36 states of the federation and 774 local government councils shared a total sum of N2.8 trillion from the Federation Account in the one year of President Muhammadu Buhari’s…

Fresh Financial Support Coming for States, Says Adeosun

The Federal Government will give fresh financial support facility to state governments to cushion the effects of the current economic crisis, the Minister of Finance Kemi Adeosun has said. The…

MTN Reaches Settlement with NCC, Now to Pay N330billion for Fine

At last, MTN Nigeria and the Nigeria Communications Commission (NCC) have reached an amicable settlement in the matter of the N1.04 trillion fine imposed by NCC in October 2015 for the telecom’s fine…

AfDB Approves $150million Line of Credit for UBA

The Board of Directors of the African Development Bank Group (AfDB) through its private sector window has approved a $150-million line of credit (LOC) for United Bank for Africa Plc (UBA)…

Dangote Group Acquires Equity in Afreximbank

The Dangote Group, Africa’s leading indigenous conglomerate, owned by the continent’s richest man, Aliko Dangote, has become the latest entity to join the African Export-Import Bank (Afreximbank) as a shareholder. Information obtained…

Skye Bank Ignores Ngige’s Directive, Sacks 175 Employees

Skye Bank Plc may have ignored the directive by Labour and Productivity Minister, Senator Chris Ngige, that banks should halt further retrenchment of its workers as it has just sent 175 of…

Access Bank Partners Wapic, Ghana Life for Bancassurance

By Akin Akinremi Access Bank Ghana has partnered Wapic Insurance and Ghana Life Insurance to launch innovative insurance products for consumers in Ghana, in line with its strategy to build…

First Bank Creates Value-chain Support for Its Customers

The First Bank of Nigeria Limited has created a value-chain support for the interests and activities of its customers with varying categories of products and services to support businesses across…