BUSINESS
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Banks Tensed over low cash inflow
There are indications that public sector funds component of banks’ deposit base may have started to shrink, raising fears that…
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CBN Completes Guidelines for Diaspora BVN Enrolment
As part of efforts towards the full implementation of the bank verification number (BVN), the Central Bank of Nigeria (CBN)…
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Jumia to sell Android One phones in Nigeria
Online retailer Jumia has launched the Infinix Hot 2 smartphone, using Google’s Android One operating system, targeting specific markets including…
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President Buhari orders review of economic policies before 2016 Budget
Nigeria’s President Muhammadu Buhari says he is ready to reverse or abandon some inherited economic policies if doing so will…
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Shoprite Set to Open 14 New Stores in Nigeria
South Africa’s Shoprite Holdings, Africa’s biggest retailer by sales, will open nearly twice as many stores on the rest of…
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Google Postpones Modular Ara Phone Trial
Google has delayed its plans to trial its modular smartphone concept, codenamed Project Ara. The first Project Ara hardware was…
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‘Ponmo’ consumption making Nigeria to lose out of $75b global leather industry
Mr Olufemi Aluko, of the Faculty of Clinical Sciences, Obafemi Awolowo University (OAU), Ile-Ife, says Nigeria is losing out in…
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Treasury Single Account: Bank deposits loss may hit N2trn
The nation’s banks would be losing about N2 trillion deposits to the Central Bank of Nigeria, CBN, with the implementation…
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NCAA Confirms 146 Private Jets in Nigeria
The Nigerian Civil Aviation Authority (NCAA) has confirmed that there are 146 corporate jets in the country of which only…
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