The Chief Executive Officer of MTN Nigeria, Ferdinand Moolman last week appealed to the senate to consider the Data price floor as set by the Nigerian Communications Commission, NCC, saying that data price is among the lowest in the continent. Moolman who made presentations in Abuja, at the Senate hearing on Data price floor, also …
Approve NCC’s Data price floor- MTN urges senate Read More »
Nigeria plans to sell 95 billion naira ($302 million) worth of bonds on Dec. 14, its last debt auction for the year, the Debt Management Office (DMO) said on Tuesday. The office said it would sell 35 billion naira of a bond maturing in 2036, 25 billion naira of paper maturing in 2026 and 35 …
Port operations in the country have been hit by hike in import duties of vehicles and rice as well as the introduction of a fish quota system by the administration of former President Goodluck Jonathan. Seaport operators disclosed this in a statement on Sunday in Lagos and decried the effects of prolonged low activities at …
Port operators decry high Customs duty, CBN forex regime Read More »
Following an injection of naira liquidity into the banking system, Nigeria’s overnight lending rate dropped sharply to an average of 3.9 percent on Friday from 10 percent a week ago. A total of 454 billion naira ($1.49 billion) in debt refund to state governments and matured treasury bills entered the system this week, raising liquidity …
Nigeria’s overnight lending rate falls sharply on naira injection Read More »
Tanzania and Nigeria’s Dangote Cement have reached an agreement on the supply of natural gas to the firm’s manufacturing plant in the East African country after negotiations stalled over prices, Tanzanian President John Magufuli said on Saturday. The $500 million cement factory in the southeastern Tanzanian town of Mtwara, set up last year with an …
The Central Bank of Nigeria (CBN) and the Nigerian Deposit Insurance Corporation (NDIC) have commissioned a study on the establishment of an institution that would take after the Asset Management Company of Nigeria (AMCON) at its expiration. The institution, which is being scripted as a private sector-led initiative to avoid the use of public fund …
CBN, NDIC plan AMCON’s replacement, Warn on Bitcoin transactions Read More »
LET YOUR NETWORK WORK FOR YOU It is no news that the recession is biting hard and with Christmas around the corner, expenses are about to go up the roof. As a result, making extra income will not be a bad idea for anyone, especially you a 9-5er. Are you a banker seeking ways to …
Every year, Award Winning Rosabon Financial Services, Nigeria’s foremost non-banking financial intermediary firm, organizes end of the year promotions for its customers to appreciate and reward them for their continuous patronage. This year we decided to give our customers a wonderful treat to ease them of the stress they may have encountered, especially with the …
ENJOY A RELAXING CHRISTMAS WITH THE EMBER LOAN PROMO Read More »
Hold your horses! Take a break from your busy day and get an eyeful at what went down on the 27th of November, 2016. It was a spectacle indeed as “The Cobalt Tie Dinner” was hosted by The Concept Group specially for its exclusive Clienteles. There’s nothing more exciting than when a group of like-minded …
THE Minister of Finance, Kemi Adeosun, last week said that the federal government will propose reduction in the income tax rate applicable to the Micro, Small and Medium Enterprises, MSMEs, as an incentive to encourage compliance and promote the sector. The minister said this in Lagos, at a Coalition of MSMEs stakeholder Public Private Dialogue, …
