BUSINESS
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Oil prices fall below $30 a barrel
US crude prices fell below $30 a barrel for the first time in 12 years on Tuesday as OPEC member…
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Commercial Banks resume acceptance of Foreign Currency deposits into Domiciliary Accounts
The Central Bank of Nigeria (CBN) has lifted the ban on foreign currency deposits into domiciliary accounts. The directive was…
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CBN stops sale of forex to BDCs
The Central Bank of Nigeria, CBN, has stopped, with immediate effect, the sale of foreign exchange, forex, to Bureaux de…
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EFCC Arrests Emeka Mba over Status of NBC’s TSA Compliance
The Economic and Financial Crimes Commission (EFCC) monday arrested the Director General of the National Broadcasting Commission (NBC), Mr. Emeka…
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MTN Acquires Visafone Communications
MTN has confirmed the acquisition of Nigerian mobile network operator, Visafone Communications, for an undisclosed sum. “The acquisition of Visafone…
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Banking Stocks Records Huge Loss in 2015
Nigerian Banking stocks were hit badly in 2015 as 13 banking and three bank affiliate stocks record huge decline of N853.820…
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Nigerian Stock Market Loses N555billion in First Trading Week
Transactions on the Nigerian Stock Exchange, NSE, kick started the year 2016 on negative note run as 190 equities listed declined by…
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MTN, NCC play waiting game
MTN and the Nigerian Communications Commission (NCC) are both awaiting a decision by Nigeria’s courts over a $3.9 billion (R60…
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The Biggest Winners: Five African Billionaires Who Didn’t Lose Money In 2015
Of Africa’s 21 billionaires tracked by Forbes, most saw their net worth go down rather than up in 2015.…
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Netflix Goes Live In Nigeria And Most Of The Rest Of Africa
Netflix switched on its video streaming services in 130 new countries today including most, if not all of Africa, meaning it’s…
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