Business

Indigenous Ride Hailing Company, Alpa1 Rides has commenced orientation of Driver-Partners to orientate them on the company’s high service delivery expectations and listen to their views on what quality service should entail.  The orientation cum induction, which started August 15 and expected be a regular programme, took place at the Alpha1 Rides’ state-of- the-art Partners’ Lounge on the Third Floor …

Read More »

The Nigerian Stock Exchange (NSE) on Monday August 28, 2017 formally launched its state of the art data center in Lagos. The new data center according to the Chief Executive Officer of the NSE Osacr Onyema cost N500 million. Addressing stockbrokers at the exchange, the minister of Science and Technology Dr Ogbonnaya Onu who commissioned the center, commended the management …

Read More »

Nigerian court seized $21 million on Monday from bank accounts linked to a former oil minister accused of corruption as investigators continue to claw back her fortune. Federal high court judge Abdulazeez Anka ordered the immediate forfeiture of 7.6 billion naira ($21 million, 17.9 million euros) allegedly held in local bank accounts by Diezani Alison-Madueke, who was once one of …

Read More »

The National Bureau of Statistics on Monday released the Consumer Price Index which measures inflation, with the index dropping marginally from 16.1 per cent in June to 16.05 per cent in the month of July. The bureau in the report said this is the sixth consecutive time that the index would be dropping since January this year. It reads in …

Read More »

Data released by the National Bureau of Statistics (NBS) show that consumer price index (CPI), which mesasures rate of inflation, dropped for the sixth consecutive month — although by a smaller margin. According to the NBS, inflation rate dropped to 16.05% from 16.1% in June, but food index soared to 20.28 percent. “The consumer price index (CPI) which measures inflation …

Read More »

PricewaterhouseCoopers, one of the big four consulting firms in the world, says a devaluation of the Nigerian naira will be a key risk to the sustainability of the country’s foreign debt. In its recent report, “Nigeria’s refinancing plan: Impact on debt sustainability is likely to be modest”, PwC said the new refinancing plan by the federal executive council is expected …

Read More »

Securities and Exchange Commission (SEC), the country’s apex capital market regulator, has launched a major amendment to Nigeria’s Code of Corporate Governance for public companies. The code will empower the Commission to sanction companies that fail to comply with its directives. The new amendment is expected to remove the persuasive provision that entitles companies to be put on notice, so …

Read More »

The Nigerian National Petroleum Corporation on Sunday announced that about 98 per cent of all documents involved in the sale of crude oil were fake. It cautioned unsuspecting would-be crude oil buyers to be mindful of the activities of local and international fraudsters in the oil and gas sector. Proving insights into the modus operandi of the conmen, the NNPC’s …

Read More »

Ecobank Nigeria has again reviewed, upwards, the daily limit that customers can spend with their naira MasterCards for international transactions. With this review, the spending limits currently applicable for customers, using an Ecobank naira MasterCard, for international spend on Point of Sale (PoS) and online channels was raised from $300 to $1,000 representing 333% for its standard card holders, $750 …

Read More »

leading pan African financial instution, United Bank for Africa (UBA), has reiterated that holders of the bank’s Automated Machine Card (ATM), can use it at any site and anywhere. According to a statement made available to Nationalwire, Friday, and signed by Group Head, Marketing and Corporate Communications, Bola Atta, she said protecting the bank’s customers transactions and identity is garmane …

Read More »