Consumer

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

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.

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.

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 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.

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.

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.

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.

The Nigerian Communications Commission (NCC) has again disclosed how the over 114 million Internet users in the country can be properly protected while online.

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.

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.

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

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.

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 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.