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Wole Tokede MTN’s SIM registration saga in Nigeria has impacted negatively on the overall performance of the company as it had to deregister about 16.1 million subscribers representing seven per cent of its current 230.3 million subscribers in its countries of operation. The company told shareholders on Wednesday that as...

Non-performing Loans (NPL) of Deposit Money Banks (DMBs) in Nigeria have risen significantly to N1 trillion in 2015, the Financial Stability Report (FSR) of Central Bank of Nigeria (CBN) has revealed. The breakdown of FSR recently released disclosed that in 2015, the NPL of the banking industry rose by 78.8...

Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has introduced a flexible exchange rate policy into the nation’s monetary policy system. This policy allows the exchange rate to be determined by forces of supply and demand. The CBN Governor, Godwin Emefiele, who disclosed this today while addressing...

By our Correspondent  Standards Organisation of Nigeria (SON) has started the effort towards standardizing measurement accuracy in all the goods produced in Nigeria in compliance with the internally acceptable measurement standards. It was revealed that lack of accuracy in the standard measurements of most of the Nigerian products led to...

Nigerian and other key African leaders are currently attending the African Development Bank (AfDB) annual meeting in partnership with the Global Panel on Agriculture and Food Systems for Nutrition in Lusaka to discuss Annual $2.7billion nutritional security. They converged to outline a vision for a new high-level effort and share...

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization increased by 0.80 per cent while the Year-to-Date return stood at -4.93 percent even as investors gained N74 billion. The All Share Index closed at 27,231.50 against the previous close of 27,015.97 while Market Capitalization closed at...

Four African countries, Nigeria, Ghana, Tanzania, Zambia and Cote d’Ivoire will grow Africa’s insurance market by 4.3 per cent in 2016 and 5.1 per cent in 2017. According to the International Monetary Fund (IMF) forecast, the fast growth in insurance patronage in these countries was due to the expanded market...

As the ongoing Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) comes to an end on Tuesday, there are strong indications that the meeting may raise the MPR from the current 12 per cent by between 50 and 250 basis point. The committee may not have...

 Shareholders of Nestle Nigeria Plc approved final dividend of N19.00 totalling N15 billion as declared by the company for financial year ended December 31, 2015. The multinational company had last year declared an interim dividend of N10.00 (N7.9 billion), totalling N29.00 (N21 billion). The N29.00 final dividend approved by shareholders...

By ABDUL OLALEKAN Skye Bank Plc has produced another set of millionaires at the 11th edition of the ‘Reach for the Skye Millionaire’ reward scheme. This time, Mr. Daniel Edem of Adeniran Ogunsanya Branch in Lagos emerged a millionaire at the bank’s Reach for the Skye Millionaire promo held at...