archiveJune 2016

  Obinna Chukwuemeka Salisu Umoru, Iyang Udoh Iyang Okeke Vivian Nwanaku Liman Munir Edem Jane Ada Mohammed Hassan Hassan Martin Young Cobham Janet Molegbo Olisah Itegbuoye Sunday Olatunde Adesesan Lilian Ijekwu Onu Manaja Tulahi Isa Ngozi Ukeje Bello Kazaure Husseini Enoch Pierre Ducci Garba Baba Usman Bakori Aliyu Umar Zainab...

The Federal Government has dissolved the executive management of the Niger Delta Power Holding Company of Nigeria Limited (NDPHC) led by Mr. James Abiodun Olotu. Olotu has been directed to hand-over immediately to Mr. Chiedu Ugbo, who has been appointed as the acting MD, according to a statement by the...

The House of Representatives Committee on Communications has rejected the reduction of the fine imposed  on MTN Nigeria Ltd to N300 billion, it has  insisted that the full fine of N1.04 trillion must be paid by the leading telecommunications company. The Committee also ordered all parties involved in the matter...

By NIyi Oloaye Some financial experts in the country have called on the Federal Government to pay Deposit Money Banks (DMBs) and other service providers the money due to them for services rendered under the Treasury Single Account (TSA), rather than threatening to withdraw their operating license for breach of...

South African telecoms giant, MTN said on Friday that it would pay N330 billion ($1.7 billion) fine to the Nigerian Communications Commission (NCC) in a "full and final settlement" over its failure to disconnect unregistered mobile phone users. The Johannesburg-based company said in a statement: "MTN Nigeria has agreed to...

Delta Air Lines has announced its Brussels-Atlanta service will resume from March 2017, doubling its network from Belgium. The U.S. airline currently operates a daily year-round service between Brussels and New York-JFK. The airline will double network from Belgium with daily flights to two U.S. hubs Delta Air Lines and...

Finance Minister, Mrs Kemi Adeosun, met with London-based investors on Tuesday 7th June to provide an update on the government’s plans for economic reform, investment and growth. According to a press release by Special Assistant on Media to Honourable Minister of Finance, Mr Festus Akanbi, “the day-long event organised by Standard...

Investors on the Nigerian Stock Exchange recorded a gain of N64 billion at the end of Thursday transactions as the Market capitalization closed at N9.371 trillion from the close of N9.307 trillion on Wednesday. The All Share Index added 0.69 percent or 186.7 point to close at 27,284.83 points compared...

Budget and Planning Minister Udoma Udo Udoma has promised that the impact of record incentives to boost Nigeria’s economy will become visible in the third quarter as authorities fast-track plans to release funding in a country. According to Bloomberg report monitored by Business247, “Substantial releases” of a 350 billion naira...

The Bankers’ Committee of the Central Bank of Nigeria (CBN) has given an assurance that the ongoing mass sack in banks would be reduced in a shortest possible time. The committee stated this at the end of its 327th meeting at the headquarters of the CBN in Abuja on Thursday....