Revealed: Why banks’ momentarily send notification emails to none customers
Fresh lead has emerged on why some Nigerian banks momentarily send account notifications to non account holders in their banks. Majority of the mails are usually account balance, certain deductions and even programmes of the banks. Though a lot of…
Q1 subscribers: Nigeria adds only 3m as India hits 43m, China rises to 24m in telecoms
Latest Ericsson Mobility Report for June edition, presented in Lagos recently has shown that whereas the Nigeria crawled to three million subscribers, India added 43 million; China 24 million; Indonesia 10 million and Pakistan five million. The Quarter one (Q1)…
Zenith Bank’s exposure in Etisalat’s $1.2bn loan caused 3.5% jump in total loan book
More negative effects of the trending crisis trailing the Etisalat’s syndicated loan default among 13 Nigerian banks are still emerging. New report published by a London based independent investment banking services specialist firm, Exotix Capital Limited, showed that Zenith Bank…
Banks up weekly trading on 2.311bn shares worth N24.577bn traded in 27,836 deals
Last week ended in a smooth note as a total turnover of 2.311 billion shares worth N24.577 billion in 27,836 deals were traded by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of…
FG sending conflicting signals on tax as agencies evade in states
Whereas the federal government has stepped up campaigns for Nigerians to pay taxes as and when due, there seems to be no corresponding compliance in paying taxes by several agencies of the federal government. Only recently, the Ministry of Finance,…
Preliminary signs of possible crash of 2017 budget emerging gradually
With recent bickering, claims and counter claims zooming out from both the ministers and the National Assembly members, national budget analysts are beginning to see reasons on why the implementation of 2017 budget may be marred with early failures. First…
Attractive policies in Ghanaian aviation robbing Nigeria’s comparative advantage–Experts
There are serious indications that Ghana, with less number of both local and international airports are ahead of Nigeria in the control of aviation hub in the sub-region. Nigeria currently sits at the trigger point of the continent and the…
Price of yam skyrockets in Lagos, Abuja markets as export to UK begins Thursday
There have been observed mop up of yam tubers across major markets in some cities across the country by middlemen who are racing to explore the new window of yam export to Europe and mainly United Kingdom. Checks by our…
Chevron opens up on local content footprints, secrets of host community relations
Leading operator of NNPC’s Joint Venture and international oil giant, Chevron Nigeria Limited (CNL) has given convincing instances showing that even before the introduction of Local Content Development Act in the petroleum industry, it has been applying the principles in…
Power generation investors list three problems of Discos, decry monitoring gap
The leadership of Association of Power Generating Companies (APGC), has listed three key challenges frustrating the Nigerian power sector since the sector was privatized. The group however placed, more emphasis on Distribution Companies (Discos). In an interview, the Executive Secretary…
