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Samsung recalls Galaxy Note 7 from Nigeria

Samsung recalls Galaxy Note 7 from Nigeria

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Although the Galaxy Note 7 phones had not been officially released in Nigeria before the recall, some dealers and customers had already purchased the phone from other countries. ...

Nigeria licenses 6 slots to broaden broadband penetration

Nigeria licenses 6 slots to broaden broadband penetration

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The Minister of Communications, Adebayo Shittu, says the Federal Government has licensed six slots of the 2.6 MHz Spectrum for the deployment of 4G-LTE services in its efforts to ...

Buhari: Nigeria shall return to good old days of accountability

Buhari: Nigeria shall return to good old days of accountability

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President Muhammadu Buhari has restated the determination of his administration to restore the country to the “good old days of accountability”. Speaking at a meeting Tuesday ...

Nigerian government declares support for Innoson’s $1 billion Chinese investment

Nigerian government declares support for Innoson’s $1 billion Chinese investment

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In the next few years, the Buhari administration will continue to actively pursue a plan for the massive manufacturing and production of goods in the country as much as possible, ...

Pounds falls to lowest level in 31 years

Pounds falls to lowest level in 31 years

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Britain’s pound dipped below $1.27 for the first time since June 1985, the outcome of trading showed on Wednesday. Financial analysts said in London that fears of a ‘hard’ ...

Naira crashes against major currencies

Naira crashes against major currencies

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The Nigerian currency on Wednesday depreciated against the three major currencies in all the segments of the Forex market, the News Agency of Nigeria reports. At the Interbank ...

US-Africa Policy, Somethings Don’t Need To Change” – Elumelu

US-Africa Policy, Somethings Don’t Need To Change” – Elumelu

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Nigeria's top financial entrepreneur, Tony Elumelu at the weekend in Delaware while speaking as the Keynote Speaker at the US Senator Chris Coons’ Opportunity Africa Conference ...

CBN tasks states to set up Bank of Industry

CBN tasks states to set up Bank of Industry

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The Central Bank of Nigeria (CBN) has advised states without a Bank of Industry to facilitate the establishment of one in order to speed up industrialisation and other economic ...

CBN licenses 11 international money transfer operators

CBN licenses 11 international money transfer operators

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The Central bank of Nigeria (CBN) on Tuesday licensed 11 new international money transfer operators (IMTOs) to do business in the country's foreign exchange market. The ...

Nigeria’s inactive telephone lines increase to 67 million

Nigeria’s inactive telephone lines increase to 67 million

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The Nigerian Communications Commission (NCC) says inactive lines in the country’s telecommunications industry have increased from 65,186,763 in May to 67,331,498 in June 2016. ...

Naira gains at  interbank market, close at N317.34

Naira gains at interbank market, close at N317.34

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The Naira on Monday depreciated against the dollar at the parallel market, the News Agency of Nigeria (NAN), reports. The Nigerian currency lost N3 to exchange at N393, from ...

AfDB approves $9m equity investment for SME’s in Nigeria

AfDB approves $9m equity investment for SME’s in Nigeria

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The African Development Bank has approved a nine million dollar equity investment in the Fund for Agricultural Finance in Nigeria (FAFIN) to provide expansion capital to ...

Lagos targets N30billion monthly IGR, says Ayorinde

Lagos targets N30billion monthly IGR, says Ayorinde

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The Lagos State Commissioner for Information, Steve Ayorinde, on Monday said the state government plans to generate N30 billion as its monthly internally generated revenue (IGR) ...

MTN Nigeria begins 4G LTE internet services trial

MTN Nigeria begins 4G LTE internet services trial

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MTN Nigeria’s subsidiary, Visafone, has commenced the test-run of its fourth generation long term evolution (4G LTE) internet technology service for smartphone users. MTN said ...

Nigerian govt moves against tax dodging multinationals

Nigerian govt moves against tax dodging multinationals

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The Federal Executive Council (FEC) has approved the Multi-lateral Competent Authority Agreement on Exchange of Country by Country Report to check tax evasion by multinational ...

Naira extends  depreciation at parallel market

Naira extends depreciation at parallel market

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The Naira on Monday depreciated further against the dollar at the parallel market. The Nigerian currency exchanged at N380 to the dollar, from N378 it traded on Friday, while ...

Naira stable against dollar as CBN meets over economy

Naira stable against dollar as CBN meets over economy

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The Naira on Monday remained stable at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency maintained N378 to the dollar at the close of ...

Federal Government fixes fares for Abuja-Kaduna rail service

Federal Government fixes fares for Abuja-Kaduna rail service

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The Federal Government is set to inaugurate the completed Abuja-Kaduna rail project and has fixed the boarding fees for passengers who intend to use the facility. The Minister ...

Nigerian Youth Chamber of Commerce empowers over 3000 youths

Nigerian Youth Chamber of Commerce empowers over 3000 youths

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Dr Obinna Nwogwugwu, the South-East Director of Nigerian Youth Chamber of Commerce, says the organisation has empowered more than 3,000 youths in the zone since August 2015. ...

Stop selling tickets in foreign currencies, NCAA warns airlines

Stop selling tickets in foreign currencies, NCAA warns airlines

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The Nigerian Civil Aviation Authority (NCAA) has warned all airlines selling flight tickets in foreign currencies in Nigeria to desist from the practice forthwith. The NCAA ...

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