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Central bank mandates commercial banks to give out more loans

A new directive by the Central Bank mandates Nigerian banks to give N65 as loans for every N100 they have as deposits.
Air plane

NCAA: Domestic airlines record 16,429 delayed flights in six months

Domestic airlines operating in Nigeria recorded 16, 429 cases of delayed flights between January and June 2019 according to figures released by the Consumer Protection Department of Nigerian Civil Aviation Authority.
Apple announced today that it’s issuing a voluntary recall for certain 2015-2017 MacBook Pro laptops due to the possibility of overheating batteries.

Apple loses $44 billion market value

The world’s most influential consumer electronics company shed 44 billion dollars of market value after a pair of pronouncements from Beijing and Washington cast a spotlight on its massive Chinese production base, from which almost all of the world’s iPhones are made.
As part of measures to make the 2019 Higher Institutions Football league season, bigger, bolder and better, PACE Sports and Entertainment Marketing and the Nigerian University Games Association (NUGA) has organized an all-impactful coaching clinic in Lagos under the auspices of Manchester City and Premier Cool.

Coaching clinic: Manchester City drill Nigeria coaches

As part of measures to make the 2019 Higher Institutions Football league season, bigger, bolder and better, PACE Sports and Entertainment Marketing and the Nigerian University Games Association (NUGA) has organized an all-impactful coaching clinic in Lagos under the auspices of Manchester City and Premier Cool.

Nigeria to host African telecoms regulators conference

The Nigerian Communications Commission (NCC) is set to host the Conference of African Telecommunications Regulators on Consumer Affairs (CATCO) in Abuja from August 20 to 22.

Lagos chamber: Central bank lending rate will normalise credit market, economic growth

Lagos Chamber of Commerce and Industry (LCCI) says the lending policy of the Central Bank of Nigeria (CBN) will normalise the credit markets, spur economic growth and broaden the interface between entrepreneurs and the banking industry.

Central bank pegs remunerable bank deposits at N2 billion

The Central Bank of Nigeria has pegged bank deposit placement through its Standing Deposit Facility (SDF) at N2billion, saying that any amount in excess of that will not attract interest payment.

Central bank intensifies pressure on banks to lend to the economy

In a bid to further stimulate lending to the economy, the Central Bank of Nigeria, CBN, yesterday, said bank deposit placement through its Standing Deposit Facility, SDF, in excess of N2 billion will not attract interest payment.
Central Bank of Nigeria - CBN

Central bank to limit banks’ appetite for govt securities

The Central Bank of Nigeria, CBN, yesterday, said it would soon announce measures to limit the excessive appetite of banks for government securities.
A market survey conducted by the News Agency of Nigeria (NAN) showed that the affected commodities are foodstuffs, frozen foods, beverages and provisions, among other commodities.

Ramadan: Prices of food items rise in Ilorin markets

A market survey conducted by the News Agency of Nigeria (NAN) showed that the affected commodities are foodstuffs, frozen foods, beverages and provisions, among other commodities.

NCC restates how internet users can be protected from cybercrime

The Nigerian Communications Commission (NCC) has again disclosed how the over 114 million Internet users in the country can be properly protected while online.
This photo illustration shows a logo of Chinese telecoms giant Huawei at a shopping mall in Kuala Lumpur on February 13, 2019. (Photo by Mohd RASFAN - AFP)

Huawei Q1 revenue grows 39% to $27 billion amid heightened U.S. pressure

Huawei Technologies said on Monday its first-quarter revenue jumped 39 percent to 179.7 billion yuan ($26.81 billion), in the Chinese technology firm’s first-ever quarterly results.
A businessman, Cajetan Chike Muonagolu has been ordered to be remanded in prison custody by Justice Saliu Saidu of the Federal High Court Ikoyi Lagos on a 4 count charge bordering on dealing in adulterated and substandard engine oil.

Businessman remanded in prison for suspected adulterated engine oil

A businessman, Cajetan Chike Muonagolu, has been ordered to be remanded in prison custody by Justice Saliu Saidu of the Federal High Court Ikoyi Lagos on a 4 count charge bordering on dealing in adulterated and substandard engine oil.

Fidelity Bank announces appointments of three new executives

Fidelity Bank Plc on Monday announced the appointments of three new Executives by the Board of Directors as part of corporate realignment aimed at repositioning for further growth.
(FILES) A file photo taken on November 20, 2017 shows logos of US multinational technology company Google displayed on computers' screens. Google is dropping out of the bidding for a huge Pentagon cloud computing contract that could be worth up to $10 billion, saying the deal would be inconsistent with its principles. The decision by Google, confirmed to AFP in an email October 9, 2018, leaves a handful of other tech giants including Amazon in the running for the Joint Enterprise Defense Infrastructure (JEDI) contract aimed at modernizing the military's computing systems. / AFP PHOTO / LOIC VENANCE

Google urges business owners to adopt innovations to accelerate businesses

The Product Marketing Manager, Google Nigeria, Tutu Laditan, on Friday urged business owners to adopt disruptive models that would help accelerate their businesses.
United Nations UN

UN tasks private sector on humanitarian crises in North-East

The United Nations has partnered with leading Nigerian companies in the banking, energy, legal and consumer services sectors to assist the federal government to tackle the humanitarian crisis in the north-east.

MGCs: CBN pegs minimum capital at N6 billion

The Central Bank of Nigeria (CBN), has said that companies seeking licenses as Mortgage Guarantee Companies (MGCs), shall maintain a N6 billion minimum capital in addition to N100,000 non-refundable application; non-refundable licensing fee of N1 million; and N50,000 change of name fee.

Egypt reaches agreement with IMF on next $2 billion loan payment

Egypt has reached an agreement with the International Monetary Fund on release of the next $2 billion loan installment, the fifth under the country's three-year aid programme, the IMF announced on Wednesday.

Recent Stories

Economic summit: 22 investors show interest in Osun

As the 2019 Osun Economic and Investment Summit came to an end on Thursday, no fewer than 22 investors have shown interest in partnering with and investing in the state.

Ghost workers: Bauchi verification committee moves to local councils

The committee saddled with the responsibility of fishing out ghost workers from the Bauchi State civil service has commenced visits to the 20 local government areas of the state.
Over 300,000 job seekers have applied for the 5,000 vacancies advertised by the National Drug Law Enforcement Agency (NDLEA).

Drug abuse: NDLEA to conduct 24hrs surveillance in Abuja

The National Drug Law Enforcement Agency (NDLEA) says it is embarking on 24 hours surveillance in the FCT to rid the city of drug abuse and illicit drug trafficking.

Juventus set to outbid Real Madrid in the race to sign PSG star

Juventus is set to outbid Real Madrid in the race to sign Kylian Mbappe, as the Serie A Champions directors aim to hijack the Los Blancos prime target next summer, according to reports.

Man narrates how he killed 72-year-old father

The Oyo State Police Command, on Thursday, paraded 41 suspected criminals, among whom was a 32-year-old man, Ibrahim Isiaka, who allegedly murdered his father.