Banks abusing CBN’s forex guidelines in trouble as apex bank plans examination visit
Out of fears and suspicion of infractions by some commercial banks in the disbursement of forex allocations, the Central Bank of Nigeria (CBN) will this week send examiners to banks for an oversight function on the administration of all dollar…
AMCON recovers N681bn from chronic debtors in 6 years
The Asset Management Corporation of Nigeria (AMCON) has said it has successfully recovered over N681.5billion from chronic debtors in the last six years of its operation. Managing Director, Alhaji Ahmed Kuru, said in Abuja on Monday, said the amount was…
Impacts of access to Whatsapp encryption may hit user’s privacy, files—Yudala Report
Yudala – the largest online and offline retail chain has released a shocking report bordering the benefits of WhatsApp encryption and why access to these encrypted messages by a third-party may mean less privacy for a user. This is coming…
Why GSM subscribers jumped to 120,484 in February as data uptake shrinks
Telecoms experts have given insights on why the telecoms subscriber base in Nigeria has kept a steady rise in the face of recession which is currently hobbling data uptake. A report released by the Nigerian Communications Commission (NCC) has shown…
Be wary of messages notifying chances of using WhatsApp without internet, Airtel warns
Airtel Nigeria has advised Nigerians and mainly subscribers on it network to be vigilant in accepting certain messages being circulated which tend to show that a subscriber can make use of Whatapp without any access to internet. In an sms…
Airtel Touching Lives rescues 2 desperately ill children in Ondo State
Airtel has used the latest episode of Airtel Touching Lives to show how timely intervention can save the lives of children who are in dire need of medical attention. The sixth episode of the philanthropic programme’s third season, which aired…
FG commends Lafarge over corporate power generation efforts in host communities
The multi billion naira power plant driven by indigenous cement solutions provider, Lafarge Africa Plc at Ewekoro in Ogun State, has captured the fancy of the federal government. The Minister of Mines and Steel Development, Dr. Kayode Fayemi who paid…
One year after FG signaled plans to refloat national fleet, stakeholders begin to lose hope
Expectations of leading stakeholders in the flotation of a national shipping line to be driven by private sector investors seem to have started varnishing as the Ministry of Transportation has suddenly began to maintain sealed lips on the scheme since…
Customs driving high cost of doing business at ports— Akintola Williams Deloitte
Akintola Williams Deloitte, leading Nigeria accounting and auditing group has released a report on the causes of high cost of doing business at the ports and indicted Nigerian Customs Service (NCS) as the worst culprit. This is coming as the…
To consolidate gains in fighting Boko Haram, FG approves new naval base near Lake Chad
Ahead of new efforts to sustain the gains so far made by the Nigerian Army in fighting insurgency, President Muhammadu Buhari Monday approved the establishment of an operational base for the Nigerian Navy in the Lake Chad area to enhance…
