Business
Nigeria: Central Bank Chief, Comms Minister Settle Banks, MTN’s Dispute over Commission
Emma Okonji Four days after commercial banks disconnected customers of MTN Nigeria from the use of the Unstructured Supplementary Service Data (USSD) code for airtime vending, the banks on Sunday
South Korea’s LG Pulls Out of Smartphone Business Globally Following Mounting Losses
South Korea’s LG Electronics Inc will wind down its loss-making mobile division after failing to find a buyer, a move that is set to make it the first major smartphone
Oil Price Uptick Boosts Nigeria’s External Reserves’ Accretion by $404m
Nigeria’s external reserves have maintained a positive momentum in the past two weeks, rising by $404 million to $34.820 billion as of March 31, 2021. This, according to figures compiled
Customers Groan as MTN Nigeria, Banks Bicker over Commission
On Friday, customers of MTN Nigeria awoke to the unpleasant reality that they could not purchase the telco’s airtime through the online platforms of the commercial banks. This caused a
Nigerian Fintechs Raised $120m in 60 Deals in 2020
Financial technology (fintech) startups in Nigeria raised a total of $120,557,026 in 60 deals in 2020, the Nigerian Startup Funding Report 2020 published by Techpoint Africa has revealed. According to
Sterling Bank MD spearheads crowdfunding for beach clean up
By Peter Egwuatu The Managing Director, Sterling Bank Plc, Mr Abubakar Sulaiman, has spearheaded a crowdfunding project that would help to fund the clean-up of beaches across the country. Disclosing
Equities market ends Q1 negative
STOCK Investors lose N628bn Operators in divergent view of Q2 By Nkiruka Nnorom The equities market ended the first quarter 2021 (Q1’21) on a bearish note with investors losing N628
MFIs, SMEs and challenges of financing
Data by Microfinance Barometer shows that 139.9 million borrowers benefited from the services of microfinance institutions (MFIs) in 2018 compared to 98 million borrowers reported 10 years earlier (2009). The
Profit taking depresses ASI further by 0.76% ahead of Easter holiday
Contrary to the significant buying activities witnessed in the previous weeks, the local market was largely dominated by the bears during the week… The post Profit taking depresses ASI further
Experts task insurers on mergers, acquisitions for big-ticket
Experts in the insurance industry have charged weak operators in the market to embrace mergers and acquisitions (M&A) to form big-ticket firms that would compete globally. The post Experts task
