Tag - mtn

  THISDAY Crude Theft: FG Sues IOCs over $12bn Missing Oil Revenue In a move interpreted by industry watchers as a major step by the Muhammadu Buhari administration to curb the menace of oil theft in the country, the federal government has instituted civil suits against international oil companies (IOCs) operating in the country in …

PUNCH Nigeria, others need to boost refining capacity – OPEC The Organisation of Petroleum Exporting Countries has highlighted the need for more refining facilities in Nigeria and other African countries to meet their growing demand for petroleum products.[Read More…] Reduce $38 oil benchmark, TUC tells FG The Trade Union Congress of Nigeria, Rivers State Council, has …

THISDAY CBN Reviews N220bn MSME Fund Guidelines to Encourage Start-ups As part of efforts to encourage entrepreneurial ventures and new businesses in the country, the Central Bank of Nigeria (CBN) has reviewed the guidelines for its N220 billion micro, small, and medium scale enterprises development fund (MSMEDF).[Read More…] Report: Banks Struggling for Forex Liquidity The declining …

PUNCH Bank of Industry disburses N4.7bn to SMEs The Managing Director, Bank of Industry, Mr. Rasheed Olaoluwa, says the bank has so far disbursed a total of N4.7bn loan to the Small and Medium Enterprises sector in the past 11 months.[Read More…] TrustFund MFB rated best in agric lending TrustFund Microfinance Bank has won the 2015 …

GUARDIAN Airtel’s $9Bn ‘Project Leap’ to Reinforce Network BHARTI Airtel has reportedly announced a $9.04 billion network expansion plan to drive mobile broadband access to villages and fixed broadband to towns across Asia and Africa over the next three years.[Read More…] ‘Why govt reduced MTN’s fine to N674b’ ALTHOUGH it got a major respite in its …

THISDAY Nigeria, Global Good Fund Partner on Technological Solutions in Agriculture, Health Sectors The federal government and the Global Good Fund co-founded by US billionaire, Bill Gates, on Wednesday in Abuja signed a Memorandum of Understanding (MoU).[Read More…] World Bank Supports Transformation of Nigerian Capital Market The Vice-President and Treasurer of the World Bank, Ms. Arunma …

PUNCH Mixed reactions as CBN cuts interest rate The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday reduced the Monetary Policy Rate (benchmark interest rate) from 13 per cent to 11 per cent.[Read More…] Senate to pass N465bn supplementary budget next week The Senate on Tuesday directed its Committee on Appropriation to work …

  PUNCH Naira hits 242 as CBN cuts dollar supply The naira fell to 242 against the United States dollar at the parallel market on Monday after the Central Bank of Nigeria cut dollar supply to Bureaux de Change operators in a bid to conserve the external reserves.​[Read More…] DMO, NSE want more Nigerians to invest …

  THE PUNCH NAFDAC fines Guinness N1bn for infractions The National Agency for Food and Drug Administration and Control has ordered Guinness Nigeria Plc to pay N1bn “as administrative charges for various clandestine violations of NAFDAC rules, regulations and enactments over a long period of time.”[Read More…] Fine: MTN shareholder wants more workers to go MTN’s …

  THE NATION Nigeria’s oil industry investment dips 20% Investment in Nigeria’s oil and gas industry, which stood at $20 billion last year has dropped by 20 per cent this year over industry woes and investment environment, the President for Chevron Africa and Latin America, Mr. Ali Moshiri has said.[Read More…] CBN gives customers BVN reprieve …