NIGERIA Interbank Settlement System, NIBSS, and the Committee of E-Banking Industry Heads, CeBIH, have unveiled measures to sustain the 120 percent growth in electronic payment transactions recorded under the Payment System Vision 2020, PSV 2020.

The Nigerian government has filed a new lawsuit against the management of British Virgin Island firm, Process and Industrial Development (P&ID). This is based on new evidence discovered days after a London high court received a bank guarantee of $200 million from the Federal Government of Nigeria to secure a stay of execution on asset […]

Dr Uju Ogubunka, an economic expert has urged the Federal Government to educate Nigerians on the importance of the proposed 29.96 billion dollars foreign loan towards boosting the economy.

The Lagos State Internal Revenue Service (LIRS) in its enforcement activities, has shut nine companies and hospitality firms over alleged failure to remit N21.59 million consumption taxes to the state government. The Director, Legal Services of the LIRS, Mr Seyi Alade, made this known while speaking with the News Agency of Nigeria (NAN) during a […]

Hyundai Motor plans to invest about 61.1 trillion won ($51.81 billion) between 2020 and 2025, the company said on Wednesday, with a third of the expenditure focused on electric and autonomous vehicles, but analysts want to see it deliver. The South Korean car maker unveiled a “Strategy 2025” roadmap that envisages annual average spending of […]

By James Ogunnaike, Abeokuta The Ogun State Governor, Prince Dapo Abiodun on Tuesday presented a proposed budget of N449.974 billion for year 2020 to the State House of Assembly. Abiodun, who presented the budget christened ” Budget to Build Our Future Together” at a plenary presided over by Speaker,Rt. Olakunle Oluomo at the Assembly Complex, […]

SEPLAT Petroleum Development Company Plc, listed both on the Nigerian Stock Exchange and London Stock Exchange, emerged the overall winner of the 2019 Pearl Awards, clinching four awards.

VITAFOAM Nigeria Plc, in the third quarter financial year 2019, Q3’19, posted a Profit After Tax, PAT, of N1.14 billion, representing 121 percent growth from N515 million in Q3’18.

MORE investments would flow into the capital market if transaction cost and multiple tax in the Nigerian capital market are reduced or eliminated.

ECOBANK Nigeria Limited said it will continue to leverage its pan-African platform to facilitate capital importation (foreign investment) into Nigeria.

RAND Merchant Bank Nigeria, RMBN, has launched its custody offering, a banking solution aimed at enhancing the ‘post-trading’ activities of clients.

THE listing of two telecommunication giants, MTN Nigeria Communication Plc and Airtel Nigeria Plc, on the Nigerian Stock Exchange, NSE, after years of waiting, has injected new life into the Information and Communication Technology (ICT) sector of the stock market.

 MfBs are now doing better especially in the area of e-banking. Many MfBs are connecting to Interswitch and doing digital banking. Many are now connected and some that are not are working hard to make banking seamless.

TAJBank, Nigeria’s second non-interest financial institution, is set to commence business from its Abuja head office today.

THE Nigerian Stock Exchange, NSE, has projected that the Consumer Goods sector of the stock market would grow by 20.4 percent to hit N454 billion by year 2025 from N377 billion in 2013.