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Business
Foreign Airlines Reap $700m from Ticket Sales in Eight Months
Following the improvement in the Nigerian economy after the recession that hit the country, foreign airlines operating in the country sold tickets worth $700 million as at the end of August 2019, according to…
Dangote Establishes N3bn Tomato Processing Factory in Kano
Dangote Tomatoes Processing Plant has established a N3 billion Green House nursery in Kano, designed to process over 300 to 350 million tons of hybrid tomato seedlings expected to make Nigeria self-sufficient in…
GTBank removes all Bank Charges for Young Undergraduates on its GTCRea8 Account Product
If you are an undergraduate, between the ages of 16-25, then you can now bank for free with Guaranty Trust Bank (GTBank). The leading, youth-focused, financial institution has…
Niger, Benin others must engage Nigeria before border reopens – Emefiele insists
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Monday insisted that neighbouring countries must engage with Nigeria before the Nigerian border is reopened. The…
FCMB and SystemSpecs Sign MoU, Launch a Payroll Solution for SMEs
First City Monument Bank (FCMB), a leading financial services provider, in collaboration with SystemSpecs Limited, has launched a solution that is focused on aiding different aspects of…
FG earned N52b from solid minerals in 2017 – NEITI
The solid minerals sector contributed N52.75 billion to federation revenue in 2017, a 21% increase on the N43.22 billion contributed by the sector in 2016. The information…
Access Bank Set to Acquire Kenyan Bank
Access Bank is set to acquire the Transnational Bank Limited of Kenya.The deal, which comes exactly seven months after Access Bank successfully consummated a business combination deal with the defunct Diamond Bank…
N50 PoS charge begins
The Central Bank of Nigeria (CBN) and the Nigeria Interbank Settlement System (NIBSS) are working for the application of remittance processes to ensure the seamless collection…
9 months results: 7 banks gross N547bn profit
.......N56bn higher than 2018.......Rake in N44.7bn from account maintenance fees A breakdown of the cumulative nine months’ results of the seven banks that have so far submitted theirs to the Nigerian Stock…
World’s most expensive bottle of whisky sells for £1.5m
The "Holy Grail" of whiskies smashed the record for the most expensive bottle ever sold, going for nearly £1.5 million at a London auction. The Macallan 1926 60-year-old…
Jeff Bezos reclaims world’s richest man title, few hours after losing to Bill Gates
Amazon founder and CEO Jeff Bezos, has reclaimed the World's Richest Man title few hours after losing the spot to Microsoft co-founder Bill Gates. Bezos who ended Gates' 24-year run…
Amazon Founder, Jeff Bezos Loses World’s Richest Man Title To Microsoft’s Bill Gates
Jeff Bezos has just lost his position as the richest person on Earth to Bill Gates. According to Forbes, the Amazon honcho lost his title during after-hours trading…
Bank CEOs back NCC over USSD charges suspension
The body of Bank CEOs has commended the decision of the National Communications Commission to suspend the Unstructured Supplementary Service Data charges by telecommunication companies for accessing bank services.The…
FIRS generates N4 trillion in nine months
The Federal Inland Revenue Service (FIRS) collected N4.012 trillion in three quarters (January-September), its Executive Chairman, Tunde Fowler, said on Thursday. He told…
Banks, telcos feud over USSD charges deepens
The gulf created between banks and telecommunication companies over an ‘attempt’ by telcos to start the deduction of Unstructured Supplementary Service Data (USSD) is widening by the…
Celebrity Blogger Ayobami Ladipo ‘Mr Porsche’ Unveils New Coy In Interior Decorations
Lagos big boy cum media personality, Ayobami Ladipo better known as Mr Porsche has unveiled a new company, PorscheClassy Interiors. Mr Porsche who is regarded as a serial enterprenuer, is also the CEO of one…
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…