BUSINESS
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See 13 Commercial Banks That Posted N118billion Profit Before Tax in Three Months
A total of thirteen Deposit Money Banks, DMBs, in Nigeria have announced N118 billion Profit Before Tax, PBT, in the first…
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CBN Loans to Commercial Banks Rise at 173% to N281billion
The volume of loan from the Central Bank of Nigeria, CBN, to commercial banks in the country, jumped sharply last…
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Microsoft To Acquire LinkedIn For $26.2 Biliion
Microsoft has announced that it is acquiring LinkedIn, the social network for professionals with some 433 million users, for $26.2…
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MTN Fine Was Reduced to Encourage Foreign Investments – Min of Communications, Adebayo Shittu
Adebayo Shittu, Minister of Communications, had said that the reduction of the fine slammed on telecommunication giant, MTN from $5.2 billion (about…
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Africa Internet Group To Rebrand All Startups Into Jumia Subsidiaries
Africa Internet Group (AIG), a subsidiary of Rocket Internet, is renaming its companies in the African market to become part…
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FirstBank, Zenith, UBA, GTB okay as FX dealers
As banks begin to settle into the dynamics of the flexible foreign exchange regime, which will take effect from Monday,…
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Mobile Network Operators in Nigeria Compete on Data Price
A decision by the Nigerian Communications Commission (NCC) to remove the data floor price limit has spurred competition among mobile…
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Lagos shuts CWAY, others for public safety
The Lagos State Government has shut down two water producing companies in Lagos, CWAY Nigeria Drinking Water Science and Technology…
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First Bank Records 100million e-banking Transactions in One Month
Africa’s leading integrated payment and transaction processing company, Interswitch Transnational, has named First Bank Nigeria Plc the first financial institution in the…
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Mark Zuckerberg Invests $24M In Andela
Mark Zuckerberg and Dr. Priscilla Chan’s social issues-minded fund has invested $24 million in Andela. The fund would enable the…
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