Business

President Uhuru Kenyatta has underscored the importance of shipbuilding to the manufacturing pillar of the country’s Big 4 development blueprint saying the activity will help unlock the country’s immense ocean and blue economy potential. …
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On Tuesday, November 23, 2021, President Uhuru Kenyatta called on Kenyan and South African business communities to leverage on trade and investments as enablers of strengthening bilateral ties between the two African nations. The…
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Deposit Money Banks in Nigeria have given a deadline of December 31, 2021, for accepting old £20 and £50 notes to enable the proper conclusion of cash evacuation. Banks such as Fidelity Bank Plc and UBA informed customers in an email on…
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Deposit money banks have begun to notify customers on how they can access forex without stress as they have started setting up forex desks in their various branches. This comes barely a week that the CBN stopped BDC operators from…
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The Central Bank of Nigeria has issued a warning to the Deposit Money Banks to comply with the new forex policy and set up teller points at designated branches to provide forex to Nigerians. The apex bank said this in a circular to all…
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Over the weekend, bank customers were informed that they will start charging them N6.98 for every USSD transactions. However, the rate at which banks deduct money from their customers has made Nigerians seek ways to avoid traditional…
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16 years after opening its first outlet, Africa's largest food chain, Shoprite is about to be taken over by a Nigerian company. Ketron Investment Limited, owned by a group of local investors led by property firm Persianas Investment…
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By June 1, 2021, Nigerians will have to pay more on Imported vehicles, as terminal operators have announced a 50 per cent increase in terminal handling charges. Two Roll On Roll Off (RORO) terminals at the Tin Can Island Port, Ports and…
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The National Bureau of Statistics (NBS) says electronic payment recorded a total volume of 3.46 billion transactions amounting to N356.47 trillion in the fourth quarter of 2020 (Q4 2020). The figure represents a N36.48 trillion…
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The East Africa Communication giant Safaricom has announced a planned system upgrade from Saturday, April 24 at 10 pm to Sunday, April 25 at 9 am. During the system maintenance, SIM swap, all airtime top-up, tariff migration, and…
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