Executive vice chairman of Nigerian Communications Commission (NCC), Professor Umar Garba Danbatta, has called on the academia and stakeholders in the telecommunications industry to collaborate to accelerate innovation, industrial growth and sustainable development in the Nigerian telecoms industry. Read more
Global CNG Tank/Cylinder Market 2018 Competative Players: Sinomatech, Everest Kanto Cylinders, Worthington Industries, Luxfer Group
] Global CNG Tank or Cylinder Market research report centres over market driving factors, competitive landscape, latest market trends and leading performer of CNG Tank or Cylinder market industry along with its essential qualitative explanation. Read more
BEARINGS MARKET ANALYSIS, DYNAMICS, FORECAST AND SUPPLY DEMAND 2023
Bearing Market Report studies in detail the industry dynamics of the global Bearings Industry. The Market dynamics consists of the Opportunities, Trends and Challenges that are effective for the global Bearings Industry. Another section of the report lists the Global Market by material type, by Manufacturing Technology, Consumption Volume Industry by Application and by Regions. The Global Revenue […]
Quartz Market Analysis by Manufacturers, Regions, Types and Application to 2023
Quartz Market analysis is provided for each region, based on the growth rate, consumer buying patterns, present demand and supply scenarios in Quartz Market. This market research report is a beneficial tool for its buyer to increase the profitability of investment, to explore new dimensions, and to make informed decisions. Read more
CBN defended naira with $11bn in 10 months
The Central Bank of Nigeria injected over $10.97bn into the foreign exchange market between January and October this year to defend the nation’s currency, the naira, against other major currencies, including the United States dollar. Read more
CBN Reschedules MPC Meeting To Accommodate Eid-El Maulud
The Central Bank of Nigeria (CBN) on Saturday rescheduled the Nov. 19 meeting of the Monetary Policy Committee (MPC) to Nov. 21 and 22 due to accommodate the Eid-El Maulud celebrations. Read more
Electronic fraud in banking to hit N6.1trn by 2021 — CBN director
The Central Bank of Nigeria (CBN) has projected that electronic fraud loses in the country’s banking system would reach N6.1 trillion by 2021. Read more
Empowering Tech Start-ups to Innovative Solutions
In line with the federal government initiative to put a stop to foreign software patronage, especially when there is alternative software solution in the local market, coupled with the zeal to promote local content development in the financial sector, Stanbic IBTC bank, Read more
Senate committee says NNPC amount probed has doubled to $2.2 bln
A probe by the Nigerian Senate into whether state oil firm NNPC improperly withdrew money has expanded with the amount under investigation doubling to over $2.2 billion, a committee said on Wednesday. Read more
Nigeria raises $2.86b Eurobonds to fund capital expenditure
The Federal Government has raised funds from its external debt requirements to finance the 2018 budget at a considerably lower cost than projected. Read more
MTN Nigeria plans mobile money service next year
MTN Group says it will apply for a mobile banking licence in Nigeria and launch the service in the coming year. Read more
Nigeria to Raise Oil, Condensate Outputs in 2019
Nigeria is to increase its daily oil production to 1.8 million in 2019. It would also raise its condensate output by 0.5 million bpd during the period. Read more
Senate, executive may clash again over MTN’s $8.1bn fine
The lingering face-off between the Senate and the executive arm of the government may soon degenerate again over alleged moves to reduce the fine imposed on MTN from $8.1bn to $800m. Read more
Nigeria: Documents Show ‘Broke’ NNPC Stacked Trillion Naira Debt, Unable to Meet Commitments
The Nigerian National Petroleum Corporation (NNPC) was unable to meet its debt obligations as due in January, as a result of inadequate finances, documents seen by PREMIUM TIMES have shown. Read more
Defunct Skye Bank’s directors being probed for insider abuse, others — NDIC
The Nigeria Deposit Insurance Corporation and the Central Bank of Nigeria are monitoring the investigations by law enforcement agencies against the directors and management of the failed Skye Bank Plc. Read more
Access, Diamond Bank deny alleged merger & acquisition talks
The Management of both Access Bank Plc and Diamond Bank Plc have debunked reports in some major daily newspapers of plans by the former to acquire the later. Read more
Teleology finally takes over 9mobile, appoints new directors
AFTER about eight months when it made the initial $50 million non refundable deposit to acquire 9mobile, Teleology holdings has been given final approval of no objection by the Board of the Nigerian Communications Commission (NCC) to own the telecommunications company. Read more
Curbing fraud/robbery cases in banks
According to the Financial Stability Report (FSR) of the CBN, unsuccessful attempted fraud and forgery cases within the same period of six months stood at N7.99 billion. Read more
Access Bank set to acquire Diamond Bank
Indications emerged that Access Bank is set to add Diamond Bank’s portfolio to its assets in the next few months. Read more
OPEC, non-OPEC nations consider oil production cuts
To prop up oil prices, producers begin to weigh cuts Major oil producers meeting in Abu Dhabi, United Arab Emirates, on Sunday signaled that they were considering once again changing course and cutting production. Read more