TSA: Court orders seven banks to remit $793.2m with CBN
Seven commercial banks in the country were, on Thursday, ordered by a Federal High Court, Ikoyi, Lagos, to temporarily remit a total of $793,200,000...
DG, NOTAP, may stop banks’ craze for foreign software infrastructure
In order to reduce the craze for foreign software infrastructure acquisition, the National Office for Technology Acquisition and Promotion (NOTAP) says it will start...
Nigeria’s Debt Rose By 4.76 Trillion In 2016 – DMO
The significant increase, according to the DMO, is mainly due to money borrowed within Nigeria through government bonds and other securitiesThe amount of debt...
Volkswagen showceses passat ‘GTE car’ with attractive features
Volkswagen will, in December 2017, commence the sale of its next generation Passat launched at the Auto Expo 2016, and is expected to replace...
Kia partner Stanbic IBTC on new car financing
Kia Motors Nigeria partnered Stanbic IBTC bank to overcome liquidity crunch and excess documentation requirements to become a car owner in Nigeria.
The finance scheme...
Etisalat unveils new brand, still batlling image challenge
Nigeria’s most innovative telecommunications company, formerly known as Etisalat Nigeria, has inaugurated its new brand identity, 9mobile.The telecom outfit, has finally adopted the new...
Sterling Bank’s revenue may weaken as building goes up in flames
..shareholders react
Sterling Bank Nigeria Plc may have suffered a setback, following the fire incident that affected its Apapa, Lagos branch on Wednesday.Consequently, financial analysts...
Oil prices jump following surprise draw in US crude, gasoline stocks
Brent, $49.53b/pd
Oil prices jumped almost 1.5% on July 19, extending gains after a U.S. government report showed a bigger weekly draw than forecast in...
UBA Increases International Spend Limit on Naira Cards to $2000.
Pan-African financial institution, United Bank for Africa (UBA) Plc has announced an immediate upward review of the monthly international spend limit on its debit...
Kwara seeks partnership with Bank of Industry, SMEs
Kwara State Government has expressed its determination to establish an export processing zone in the state to encourage exportation of goods from the state...
