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TCIC, TMH Sign MoU on Devt of Railway Infrastructure, Supply of Rolling Stock in Nigeria
Trans-Continental Infrastructure Company (TCIC), a Nigerian based infrastructure development company, has signed an MoU with JSC Transmashholding (TMH), the largest rolling…
FCMB Expands Branch Network, Opens Ultra-modern Branch in Oshodi, Lagos
Residents and businesses in Oshodi, Lagos State, and its environs now have an opportunity to enjoy the excellent financial services offered by First City…
Makers of Alomo Bitters Lament Over Loss of $2m to Border Closure
The recent directive by the Nigerian authorities prohibiting the importation and exportation of goods through the nation’s land borders has continued to take its toll on some…
Samsung updates software to fix fingerprint recognition problem
Samsung Electronics Co Ltd has updated software to fix problems with fingerprint recognition features on its flagship Galaxy S10 and Note 10 smartphones, it said on Wednesday.…
My investments meant to tackle poverty – Dangote
The Chairman of Dangote Cement Plc, Aliko Dangote, has said that he will continue to help in alleviating poverty and spread wealth through his investments.He also urged Nigerians not to lose hope in the country.The…
Tiger Wood’s richest golfer in history: How he makes, spends his money
Tiger Woods has earned a total of $1.4 billion since turning pro in 1996. No other golfer has earned as much. And with his shocking return to form last April to win…
Leaked memo shows banks asked telcos to charge for USSD
Nigerian banks proposed to telecom companies to charge customers directly for USSD services, a memo seen by TheCable has revealed. This seems to contradict the…
Noodle maker plans busiest port in west Africa
On the east side of Lagos, the company that turned 20-cent packets of instant noodles into a staple of the Nigerian diet is building the biggest port in west Africa with $1bn of Chinese money.Singapore-based…
Customs slams N165,000 Duty on traveler for designer bag
The Nigeria Customs Service (NCS) has insisted that it followed the law when its operatives recently demanded that an arriving passenger at the Nnamdi Azikiwe International Airport Abuja, with a N570,467 worth of…
Bank CEOs Disclaim MTN over USSD Transactions Charges
Chief Executive Officers (CEOs) of commercial banks have distanced themselves from the moves by MTN Nigeria to impose charges on Unstructured Supplementary Service Data (USSD) transactions.The bank chief executives…
NNPC remits N729.3b, N602.3b to federation account, JV
The Nigerian National Petroleum corporation (NNPC) has said that it remitted N729.3billion and N602.30billion to the Federation Accounts and Joint Ventures (JV)…
Consider Sale of Public Enterprises to Fund 2020 Budget – BPE Tells FG
The Director General of the Bureau of Public Enterprises (BPE), Mr.Alex Okoh, has advised the federal government to consider the privatisation of federal government-owned enterprises to fund the N10.33 trillion…
Chinese outnumber Americans on rich list for first time ever
The Swiss bank, Credit Suisse, has stated in its Global Wealth Report 2019 that, for the first time, the number of rich Chinese people has surpassed that of wealthy Americans…
SEC probes Lafarge Africa over alleged abuses
NIGERIA’s apex capital market regulator, Securities and Exchange Commission (SEC), has launched investigations into activities at Lafarge Africa Plc over allegations of poor…
Stress test: Banks in secret merger talks
Merger and acquisition talks are quietly going on in the banking industry, especially among the seven deposit money banks (DMBs) that failed the mandatory stress test on…
AMCON to recover over N5 trillion debt with judicial intervention
The Asset Management Corporation of Nigeria (AMCON) is set to seek judicial intervention to recover over N5 trillion debt in the hands of few Nigerians. Managing…
SEC to begin regulation of crowdfunding activities by small businesses
Mary Uduk, acting director-general of the Securities and Exchange Commission (SEC), said the commission is working on a framework to regulate small businesses that use…
Slash data prices, minister orders telecom firms
The Minister of Communications, Dr Isa Pantami, has directed the Nigerian Communications Commission to compel telecommunications service providers to reduce the prices of data being offered subscribers.He also…
CBN opposes MTN over mobile banking transaction access
The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has kicked against MTN Nigeria’s plan to start charging its subscribers for Unstructured Supplementary Service Data access to banking services from Monday…
NCC stops MTN from charging customers N4 for USSD
The Federal Government on Sunday ordered the Nigerian Communications Commission (NCC) to halt the planned imposition of N4 per transaction charge subscribers by MTN. It was learnt…
Border closure: Ghana trade union calls for boycott of Nigerian goods
The Ghana Union of Traders Association (GUTA) has called for a boycott of goods imported from Nigeria. The union made the call following the closure of the Nigerian border. In August,…
$62bn PSC revenue: Shell battles FG over demand for $13.65bn
Shell Nigeria Exploration and Production Company Limited has a share of about $13.65bn in the $62bn which five international oil companies allegedly owe Nigeria following the 2018 Supreme Court’s judgment on…
Loan-to-Deposit Ratio: CBN to Impose Stiffer Sanctions on Banks
The Central Bank of Nigeria (CBN) has vowed to impose stiffer sanctions on any commercial and blacklist customers that flout its minimum loan-to-deposit ratio (LDR) policy that is focused on increasing lending…
Transcorp wins Afam power station with $343.6m
The National Council on Privatisation (NCP) has approved Transcorp Power Consortium as the preferred bidder for the Afam Electricity Generation Company (Afam Power Plc and Afam…