Business

Nigeria Will Continue To Suffer Power Crises Till 2028 – TCN

13 hours ago Admin 0
There appears to be no end in sight for Nigeria’s electricity crisis as a system adequacy report submitted by the Transmission Company of Nigeria (TCN) to the Nigerian Electricity Regulatory Commission (NERC) has indicated that Nigeria would continue to suffer from severe grid electricity shortage in the next 10 years. The report said this would Read More

Naira depreciates against dollar at parallel market

4 days ago Admin 0
The Naira on Friday depreciated against the dollar at the parallel market in Lagos. The Nigerian currency lost one point to exchange at N363, weaker than N362 posted on Thursday, while the Pound Sterling and the Euro closed at N496 and N429, respectively. At the Bureau De Change segment, the naira closed at N361.50 to Read More

Firstbank Introduces Contactless Naira Mastercard

1 week ago Admin 0
FirstBank of Nigeria Limited has announced the introduction of a contactless naira MasterCard to its array of debit cards. The move, according to the bank, was to promote convenience, ease of transactions and the security of funds. According to a statement from the bank, FirstBank debit cards are accepted nationwide and globally, adding that they Read More

Customer Sues First Bank To Court Over Mastercard Fraud

1 month ago Admin 0
An aggrieved customer of the First Bank of Nigeria, Abolade Bode who resides in Nigeria, but whose account was alleged to have been fraudulently manipulated to shop in London and bought air tickets in Budapest, Hungary, in a bid to seek redress has renewed his legal battle against the bank. Joined as the co-defendant is Read More

Court Stops Police, DSS, EFCC From Arresting Lottery Operators

1 month ago Admin 0
The Federal High Court in Lagos on Tuesday restrained the police, the Economic and Financial Crimes Commission (EFCC) and the Department of State Services (DSS) from arresting lottery operators or disrupting their businesses for allegedly operating without their state licences. Justice Mohammed Idris held that it would be illegal to shut down lottery business because Read More

United Kingdom Finally Accepts Naira Payments For Transactions

3 months ago Admin 0
Britain’s export finance agency will add the naira to its list of “pre-approved currencies”, allowing it to provide financing for transactions with Nigerian businesses denominated in the local currency. The naira will become one of three West African currencies that UK Export Finance has pre-approved for its programme of funding transactions that promote trade with Read More

ALSCON: BFIG Writes Fayemi, Threatens Legal Action Over Rusal Takeover

3 months ago Admin 1
BFIGroup has threatened legal actions against the Minister of Mines & Steel Development, Kayode Fayemi, and the Director-General, Bureau for Public Enterprises, BPE, Alex Okoh, over their continued defiance of the Supreme Court’s ruling on the Aluminium Smelter Company of Nigeria, ALSCON, Ikot Abasi. The Executive Vice President/General Counsel of BFIG, Jimmie Williams, wrote to Read More

Multichoice DSTV/GOTV To Shut Down June 2019

3 months ago Admin 0
The Federal Government may have notified the management of MultiChoice DSTV/GOTV that their operations, in Nigeria, will come to an end in 2019 as their license expires June next year. According to a letter to that effect issued, on Tuesday, by the Nigerian Broadcasting Corporation(NBC), the license issued to them in 2014 by NBC will Read More

Man Uses Pure Water Nylon To build Bags, Shoes, Rain Coats & Others In Lagos

3 months ago Admin 0
Olayemi Oluwabamigbe Samson is an entrepreneur. He’s enthusiastic to see that people have a more suitable environment to live in our world. According to Olayemi, the initiative is a tripod cycle initiative aiming at a long-term plan to see that every pure water nylon becomes valuable even after usage. The strategic plan of the initiative Read More

PHOTOS: 2018 Lexus RX L Released With Third Row Seat

6 months ago Admin 0
Families will now be able to enjoy more space with their luxury utility vehicle thanks to the new three-row Lexus RX L models. The RX created the luxury crossover segment 20 years ago and has reigned supreme as the most popular luxury utility vehicle on the market. The 2018 RX 350L and RX 450hL models Read More