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Court halts planned sale of 9Mobile, as shareholders demand $43.33m refund
The Federal High Court in Abuja has halted the plan to sell the telecommunication firm, Etisalat, now called 9Mobile. This followed an application by some aggrieved shareholders who are demanding that the planned sales should not be…
NSE lifts suspension on Oando’s shares again, blames SEC for confusion
The Nigerian Stock Exchange (NSE) has lifted the technical suspension on Oando’s shares for the second time in 48 hours. In a statement released on Wednesday, NSE said the instructions from the Securities and Exchange Commission was…
There’s an attempt to discredit us – Fidelity Bank
Fidelity Bank has alerted the public of an attempt to bring its image to disrepute. The commercial bank said this in a statement issued on Wednesday. It disclosed that it had filed a complaint at the appropriate quarters. “Our…
FCMB at it again… opens Flexx Hub in LASPOTECH Ikorodu, set to thrill students with Small…
Nigerian lender, First City Monument Bank, known for its strong youth empowerment and development drive, on Monday, April 09 2018 formally opened its Flexx Hub in LASPOTECH Ikorodu Main Campus to cater to the banking needs of the…
MTN pays N165b out of N330b fine – NCC
The Nigerian Communications Commission (NCC) yesterday said telecoms giant, MTN, has paid N165billion out of the N330 billion fine slammed on it in 2015 for subscriber identity module (SIM) registration infractions. Its Executive…
FCMB sees flat loan growth, eyes UK licence
A mid-tier lender, First City Monument Bank, expects loan growth to be flat this year — down from last year’s 5.4 per cent rise — as oil companies pay down debt, according to its Group Chief Executive Officer, Ladi Balogun. Balogun said…
FCMB Group Announces N170bn Gross Revenue
FCMB Group Plc has released its financial results for the year ended December 31, 2017, reporting a gross revenue ofN169.9 billion. Going by the audited results, the Group recorded a profit before tax (PBT) of N11.5billion, while profit…
We won’t accept indolence from our staff – 9mobile
Boye Olusanya, the chief executive officer of 9mobile, says the company will not accept indolence from its staff and or allow them to go beneath industrial standard. Olusanya made this known in a statement released on Friday. “At…
Our ATM processes 5000 transactions every minute – First Bank
First Bank of Nigeria Limited says its automated teller machine processes 5000 transactions every minute. Adesola Adeduntan, managing director of the bank, said this at a breakfast meeting with some journalists in Lagos during the…
Are Coca‑Cola products in Nigeria safe? Nigerian Bloggers tour Nigerian Bottling Company (NBC)
There have been many questions about whether Coca-cola drinks made in Nigeria are safe to drink, whether a bottle of Coca-Cola actually contains ‘100 cubes of sugar’ as once alleged, whether Coca-Cola drinks can be taken with drugs. So…