archive2018

  As part of its new focus on the youth segment and further to the launch ofUNiFi product, the Bank’s new Youth and Digital Banking initiative, Unity Bank Plc recently rewarded the creativity of three young people. These recipients – referred to as Unifiers – demonstrated their innovativeness and distinguished...

  A source at the Security and Exchange Commission (SEC) says MTN has reached out for talks over its Initial Public Offering (IPO) on the floor of the Nigerian Stock Exchange. A senior management staff at the SEC told the News Agency of Nigeria (NAN) that the commission was committed...

The Nigerian Senate Wednesday summoned the Inspector-General of Police (IGP) over the way the arrest of Senator Dino Melaye was handled. Melaye was arrested on Tuesday in Abuja weeks after he was declared wanted and placed on INTERPOL watchlist. The police said the senator had a case to answer after...

  Performance indicators on the Nigerian Stock Exchange (NSE) went back  to the red zone at the close of trading session on Wednesday, reversing gains of Tuesday. The All-Share Index lost 12 basis points dropping Year-to-Date (YTD) return at 6.57 per cent, just as market capitalisation lost N17 billion to...

The National Bureau of Statistics (NBS), says the Nigeria Immigration Service (NIS) generated more than N35.72 billion from passports applications in 2017. The NBS said this in a statistics on Immigration for 2017 posted on its website. According to the report, the figure is less than the N36.17 billion generated...

Lagos State Government has sealed no fewer than three baby factories and rescued 162 abandoned babies, sexually abused children among others. The State Government also removed from the streets 1,680 children, beggars/destitute/mentally challenged persons, to ensure sanity returns to roads in the state. Commissioner for Youths and Social Development, Mr....

Shareholders of Access Bank Plc has approved that the Directors of the bank increase the size of the existing one billion US dollars Debt Issuance Programme to $1.5 billion. At the Bank’s Annual General Meeting (AGM), on Wednesday, shareholders of the bank approved the raise of additional $500 million through...

  The telecommunication sector contributed N8.6 trillion to the economy, a report released by a civic technology organization, BudgIT Nigeria, has revealed. The report titled: “Operational and Fund Management Analysis of the Universal Service Provision Fund (USPF)”, showed that Nigeria’s e-commerce sector would grow by N15.5 trillion in the next...

N64.108bn of it for Lagos-Ibadan Expessway The Federal Executive Council (FEC) on Wednesday approved N68.6 billion for roads construction in the country. The Minister of Power, Works and Housing, Mr. Babatunde Fashola, revealed this after FEC meeting chaired by President Muhammadu Buhari at the Presidential Villa, Abuja. According to him,...

  Dangote Cement Plc will consider a London share sale over the next two years as Africa’s biggest producer of the building material seeks funds for expansion. Nigeria’s biggest company, owned by the continent’s richest man, Aliko Dangote, will also seek to raise $500 million via the issue of a...