News Reports
NCC decries telecoms operators’ non-compliance to AOL
The commission says it has been inundated with complaints by subscribers on non-compliance with directions on data roll-over.
Forex: CBN injects $318.03m into retail market
This is the latest funding prior to the final MPC meeting for 2018.
![FCMB used to illustrate the story. [Photo credit: Eagle Construction Limited ECL Abuja]](https://i1.wp.com/media.premiumtimesng.com/wp-content/files/2018/03/fcmb-gallery-4.jpg?fit=220%2C165&ssl=1)
FCMB partners WSBI to boost financial inclusion in Nigeria
The memorandum outlines a framework to deepen agency banking, financial inclusion and savings culture in the informal and agribusiness sectors.
Buhari pledges more employment opportunities for citizens
The policies initiated by the federal government by abrogating monopoly, thereby allowing IOCs use any facility in Nigeria, yielded immediate positive result for the Nigerian economy.
Capital market committee approves plan to introduce e-IPO
The commission has also announced deadline extension for investors to regularise multiple accounts.
Why General Electric pulled out of Nigeria’s railway concession arrangement
The railway concession project was worth around $2 billion.
Naira appreciates against dollar at investors’ window
The Nigerian currency exchanged at N363.90 to the dollar and stronger than N364.23 posted on Wednesday.
All-Share Index drops to 31,000 mark
The market capitalisation which opened at N11.722 trillion shed N89 billion to close at N11.633 trillion against N11.722 trillion on Wednesday.
Buhari approves renewal of three oil licences for Seplat till 2038 – Official
The official assures the company would now invest in the Nigerian oil and gas industry with confidence.
Nigeria’s rail concession faces fresh hurdle as General Electric reportedly pulls out
The $2 billion project is for two lines connecting cities in the northern part of the country to others in the south.
I’ll risk inflation to win huge foreign investments — Atiku
Mr Abubakar’s comments have elicited critical reviews by commentators.
Nigerian commercial banks refund N72bn to customers in 2017 – CBN
The CBN says electronic fraud in banking could hit N6.1 trillion by 2021
UPDATED: Nigeria raises $2.86bn bonds to fund budget, other projects
The offering attracted significant interest from leading global institutional investors.
Naira gains 50 kobo against the dollar at parallel market
The Nigerian currency exchanged at N361.5 to the dollar on Tuesday.
Why our Q3 account was delayed – Medview Airline
Medview is one of Nigeria’s foremost airlines, airlifting about three million passengers and 46 million tons of cargo annually.
Again, power outage frustrates passengers at Lagos airport
Incidences of power outage are becoming a recurring development at the Lagos airport.
MTN says ‘out of court’ settlement with Nigeria possible over fines
Following the comment, MTN’s shares at the Johannesburg Stock Exchange rose by 1.5 per cent to about 81.11 rand.
Nigeria’s statistics bureau under fire over failure to release unemployment data
The NBS says it has not gotten the necessary funding for such research.
Zimbabwe invites bids for struggling national airline
Air Zimbabwe, which owes foreign and domestic creditors more than $300 million, was in October placed into administration to try and revive its fortunes.
Nigerian govt to auction N115 billion bonds on November 21
Nigeria issues bonds to support local bond market, create benchmark for corporate issuance and also fund budget deficit.
UPDATED: Teleology takes over Nigeria’s 9mobile
The firm immediately announces a new board of directors for the company.
Defunct Skye Bank management, directors under investigation – NDIC
NDIC bos says officials of the bank “contributed to its failure by engaging in insider abuse, poor corporate governance and banking malpractices.”
Access Bank denies merger, acquisition talks with Diamond
Diamond Bank had also denied the rumour.
Oil prices rise as Saudi announces supply cut
Saudi Arabia plans to reduce oil supply to world markets by 0.5 million barrels per day in December.