Business
Nigeria Activates $587m AfDB Facility for Technology, Creative Sectors
The Buhari administration has commenced the process that will pump the technology, entertainment and creative sectors with over N240 billion in financing and investment set to take off by the
Nigeria Lifted $33bn Crude, Condensates in One Year, NNPC Says
A cumulative volume of 734 million barrels of crude oil and condensates were lifted by all parties, including oil multinationals and the Nigerian Petroleum Development Company (NPDC) between October 2019
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
