News
Access Bank upgrades ombudsman to boost dispute resolution
01-18-2018 | 11:43:19
Access Bank has upgraded its customer service function, Ombudsman, for the purpose of resolving service issues between the Bank and its customers.


NNPC to partner Women Body in promoting study of Engineering among female children
01-18-2018 | 10:49:36
The Nigerian National Petroleum Corporation says it is ready to collaborate with the Association of Professional Women Engineers of Nigeria (APWEN) to encourage female children to study Engineering.


Rosewood racket report prompts international probe into Nigeria-China timber trafficking
01-18-2018 | 10:42:19
In response to the dire rosewood crisis in Nigeria, the Secretariat of the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) informed its 183 member countries of exceptional control measures.


Nigeria international remittance market to hit the $42 billion mark by 2022, Ken Research
01-18-2018 | 09:56:00
In Nigeria, international remittance is a critical source of income for the people and has changed their standard of living to a great extent.


Aero Contractors and AJW conduct first C-Check in West and Central Africa
01-16-2018 | 10:59:36
AJW Group has partnered with partnership Aero Contractors, in a deal that has seen the Nigerian airline become the first carrier to conduct an aircraft C-Check in West & Central Africa.


PoS transactions hit N1.4tn in 2017
01-16-2018 | 10:38:52
Nigerians carried out N1.41tn worth of transactions on the Point of Sales terminals across the country in 2017.


Diamond Bank receives ISO/IEC 20000-1:2011 certification
01-15-2018 | 12:15:00
Diamond Bank of Nigeria has been awarded the ISO/IEC 20000-1:2011 certification by the British Standard Institute (BSI) Group.


United Bank for Africa introduces virtual banker, Leo
01-15-2018 | 10:46:00
Pan-African financial institution, United Bank for Africa, has changed the face of e-banking with the introduction of Leo, the UBA Chat Banker who enables customers make use of their social media accounts to carry out key banking transactions.


Nigeria consolidates position as African Development Bank’s largest shareholder
01-15-2018 | 09:55:58
Nigeria’s President, Muhammadu Buhari, is set to commission the new office complex of the African Development Bank in Abuja, consolidating the country’s position as the Bank’s largest shareholder.


Milost Global acquires Primewaterview Holdings Nigeria
01-11-2018 | 13:54:52
American private equity firm Milost Global Inc. has announced that, together with its African subsidiary, Isilo Capital Partners it has closed the acquisition of a 100 percent interest in Primewaterview Holdings Nigeria.


Deutsche Bank appoints Andreas Voss head of TFFIs in Sub-Saharan Africa
01-11-2018 | 13:44:45
Deutsche Bank has announced the appointment of Andreas Voss as Head of Trade Finance for Financial Institutions in Sub-Saharan Africa, in addition to his current role as Head of Global Transaction Banking West Africa.


Diamond Bank Nigeria appointed WEF adviser
01-11-2018 | 13:26:00
Diamond Bank is pleased to announce its appointment as a Forum Member Adviser to the World Economic Forum. The Forum aims to shape global, regional and industry agendas to deliver WEF’s mission of improving the state of the world.


254 companies bid for purchase of Nigerian crude grades
01-11-2018 | 10:54:08
A total of 254 indigenous and foreign owned entities have submitted bids for the sale and purchase of the Federal Government equity crude under the 2018/2019 crude oil term contracts.


Escravos-Lagos pipeline resumes gas supply
01-09-2018 | 09:03:43
The Escravos-Lagos Pipeline which came down last week as a result of a fire incident has been restored and gas supply to customers on the line including power generating companies resumed.


Union Bank’s rights issue records 120% subscription
01-08-2018 | 14:17:00
Union Bank of Nigeria has announced that the Bank successfully raised N49.7 billion through a Rights Issue which closed on October 30, 2017 with subscriptions recorded at 120%.


Private equity-backed Viathan issues Nigeria's debut 10-year guaranteed naira bond
01-08-2018 | 12:00:13
Private equity-backed Viathan Group has issued Nigeria’s debut 10-year corporate infrastructure bond in local currency to raise 10 billion naira ($32 million) at a yield of 16 percent to fund power assets.


No plan to increase pump price of petrol - Nigerian National Petroleum Corporation
01-08-2018 | 09:47:46
The Nigerian National Petroleum Corporation has no plan to execute an increase in the pump price of Premium Motor Spirit, otherwise called petrol.


Construction commences for $1b Virgin City in Nigeria
01-05-2018 | 13:50:06
Construction of a US$1 billion project dubbed Virgin City has kicked off in Calabar Municipality in Nigeria’s Cross River State, Governor Ben Ayade has announced.


The alternatives to Nigeria's power situation - Richard Branson
01-05-2018 | 11:49:00
Energy access in Africa is close to my heart. Bringing clean, renewable power to people instead of building coal-fired power stations is absolutely essential if we are going to tackle climate change.


Nigeria Civil Aviation Authority lowers minimum visibility for 18 airports
01-04-2018 | 15:08:10
The Nigerian Civil Aviation Authority in conjunction with the Nigerian Airspace Management Agency has lowered minimum visibility for takeoff and landing of flights for 18 airports which have improved navigational aid.