Core investors to expand capacity to 2,200MW in 3 years at Egbin power station—Report
New report released by Egbin Power Plc has presented a sustainability report which indicates that the plant will double output from the current 1,100 Mega Watts (mw) to 2000MW by 2020. According to the first ever sustainability report released in…
LAWMA holds 2016 Christmas Carol, assures on urban waste disposal
Pioneer state-owned waste management agency in Nigeria, the Lagos Waste Management Authority (LAWMA) has observed this year’s Christmas Carol and End of the Year Thanksgiving service to appreciate God for His blessings on the agency in the outgoing year. The…
BVN: Abandoned bank accounts rise to 46.11m in November, 49.14m compliant
Latest report from the Nigerian Inter-Bank Settlement System (NIBSS) Plc has shown that whereas about 49.14 million accounts of different types have been successfully linked to Bank verification Number (BVN), about 46.11 million had not been operated since a total ban…
DSO: FCT goes live Thursday next week as Kano, Niger speed up preparations
The National Broadcasting Commission (NBC) Wednesday confirmed to Business Hilights that next week Thursday has been tentatively chosen as the launch date for the Digital Switch Over (DSO) in Aubja, the nation’s capital city. In a telephone interview with a…
Reps doubt GOtv license, to engage NBC over pay-per view scheme
Indications have emerged that the clamour by Nigerians on pay TV operators to switch to pay-per-view instead of monthly subscription is still trending as the House of Representatives yesterday mandated its Committee on Information, National Orientation, Ethics and Values to…
Zinox boss, Ekeh thumbs up Stanbic IBTC Bank @ launch of 1st digital branch
Foremost financial institution, Stanbic IBTC Bank, Wednesday officially unveiled its pioneer digital branch located within the Maryland Mall along Ikorodu Road, Lagos. At the ;launch, Chairman, Zinox Group, Leo Stan Ekeh showed encomiums on the bank for the remarkable feat,…
Experts give antidote on how the N7.298tn 2017 budget can perform better
The presentation of the 2017 national budget by President Muhammadu Buhari before the joint session of the National Assembly Wednesday has been received by many experts with mixed feelings. Whereas many saw the budget of N7.298tn for 2017 as a…
NPA still pursuing trapped $19m in Heritage Bank—MD
The Managing Director of Nigerian Ports Authority (NPA), Ms. Hadiza Bala Usman Wednesday reechoed her struggle to recover all trapped money belonging to the agency in some banks, especially Heritage Bank. Addressing newsmen in Lagos at a media parley to…
UBA sweeps 5 awards at Global Banking awards in UK
Leading financial group, United Bank for Africa (UBA), has continued to grow with the latest showing at the keenly contested global banking awards, where it clinched five country awards. UBA won Bank of The Year 2016 in Gabon, Congo-Brazzaville, Senegal,…
FCMB ends promo, rewards customers with N8m
First City Monument Bank Limited has ended its promotion tagged ‘FCMB Millionaire Promo Season 3,’ with four customers emerging winners of N2m each In a statement that the grand finale draws were held in Abuja, Lagos, Ibadan (Oyo state) and…
