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NCC collaborate with DSS to convict seven SIM card registration offenders
The commitment of the Nigerian Communications Commission (NCC) to stop the use of unregistered SIM cards to perpetrate cybercrime and other criminal activities in the country is yielding results. The Commission, through concerted enforcement efforts with the Nigeria Security...
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Access Bank slashes staff salaries to avert job losses as COVID-19 slows economy
Access Bank Plc plans to cut salaries to avoid job losses as a lockdown to contain the coronavirus hampers the operations of Nigeria’s biggest lender, according to people with direct knowledge of the matter. The reductions are expected to start from May unless business condi...
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Central Bank of Nigeria raises agric credit scheme fund to N50bn
The Central Bank of Nigeria disclosed this in a document on Monday entitled ‘Agricultural Credit Guarantee Scheme Fund (Amendment) Act 2019. It stated that the ACGSF Amendment Act was assented to by the Federal Government on June 24, 2019. According to the document, complete...
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#EndSARS: The Barbarians Are Back Again! – By Kunle Wizeman Ajayi
Yesterday, there was a shocking report of youth along Lagos-Abeokuta Expressway on rampage, setting fire all around the highways over yet another of the several killings that have happened since the elections: officers of the Federal Special Anti-Robbery Squad (FSARS) shot d...
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Online betting firms continue to flourish in Nigeria
Online sports betting is booming in soccer-mad Nigeria largely thanks to payment systems developed by homegrown technology firms that are starting to make online businesses more viable. For years, mobile payments failed to take off in Nigeria as they have in countries such a...
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Chude Jideonwo, Adebola Williams unveil cover for new book, ‘How to Win Elections in Africa...
RED co-founders, Chude Jideonwo and Adebola Williams yesterday unveiled the cover for their forthcoming book – ‘How to Win Elections in Africa: Parallels with Donald Trump’. Scheduled for release in November, the book chronicles the ideas and ideals imperative for Africans a...
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The Central Bank of Nigeria disclosed this in a document on Monday entitled ‘Agricultural Credit Guarantee Scheme Fund (Amendment) Act 2019. It stated that the ACGSF Amendment Act was assented to by the Federal Government on June 24, 2019. According to the document, complete...
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South African authorities have apprehended eight people suspected of illegally siphoning 2.3 billion rand ($133.87 million) from small lender VBS Mutual Bank, which collapsed in 2018 because of the corruption scandal. Godfrey Lebeya, head of South Africa’s Directorate ...
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Access Bank Plc plans to cut salaries to avoid job losses as a lockdown to contain the coronavirus hampers the operations of Nigeria’s biggest lender, according to people with direct knowledge of the matter. The reductions are expected to start from May unless business condi...
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Kenya’s economy grew by 5.4% in 2019, down from 6.3% the previous year, partly because of a slowdown in the agricultural, manufacturing and construction sectors, finance minister Ukur Yatani said on Tuesday. Agriculture grew by 3.6% in 2019, compared with 6% in 2018, hit by ...
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The Nigerian Ports Authority has directed all Terminal operators to extend the suspension of all applicable terminal storage fees on consignments (demurrage) for another fourteen days effective April 13, 2020. This follows the extension of the Lockdown in response to the COV...
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The International Monetary Fund has granted debt relief to 25 countries, mostly African nations excluding Nigeria. A statement by the Managing Director of the IMF, Kristalina Georgieva, said it would provide $500m in grant-based debt service relief to these countries. She sa...
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NCC collaborate with DSS to convict seven SIM card registration offenders
The commitment of the Nigerian Communications Commission (NCC) to stop the use of unregistered SIM cards to perpetrate cybercrime ...
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42 years after construction, NPA brings Onitsha River Port back to life
42 years after its construction, the Nigerian Ports Authority has successfully rejuvenated the moribund Onitsha River Port, to add...
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8 people, 25 homes, 16 shops and a primary school lost in Lagos gas explosion
An explosion that ignited a fire at a petrol station in the Nigerian commercial capital, Lagos, has killed at least eight people, ...
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President Buhari presents $34bn 2021 budget to aid Nigeria’s economic recovery
Nigeria’s President Muhammadu Buhari has unveiled spending plans of 13 trillion naira ( $34bn; £29bn) for next year to help ...
