Consumer
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 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.
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.
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.
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.
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.
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.
Consumer confidence projected to rise in Q4
The Central Bank of Nigeria’s (CBN) Consumer Expectation Survey (CES) has predicted a positive outlook for next quarter as well as the next 12 months.
NCC vows to protect consumers from exploitation by service providers
The Executive Vice Chairman, Nigeria Communications Commission, Prof. Umar Danbatta, says the commission is committed to protecting telecom subscribers from being exploited by service providers.
Singapore fines Uber and Grab $9.5 million over merger
Singapore slapped ride-hailing firms Grab and Uber with fines and finalized restrictions to open up the market to competitors after concluding that their merger in March has driven up prices.
Experts: Ripening of fruits with ‘calcium carbide’ causes heart, kidney, liver failures
A consultant family physician, Dr Abdulrahim Abdulrashed, says the use of “Calcium Carbide’’, a chemical with carcinogenic properties, to force fruit to ripe is injurious to human health.
Dangote emerges most admired African brand
Dangote Group from Nigeria has emerged as the most admired African brand, of African continent origin, by consumers ahead of telecommunication giant, MTN according to the South African based Brand Leadership Movement in collaboration with the Johannesburg Stock Exchange (JSE)
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Britain may be entering full-blown recession – watchdog
The Office for Budget Responsibility (OBR) said the world’s fifth-biggest economy appeared to have flat-lined or possibly contracted in the second quarter, some of which was probably “pay-back” after Brexit-related stock building in early 2019.
Three French troops die in operation against Guiana gold-mining
Three French troops died by accident while carrying out an operation against illegal gold mining in the South American territory of French Guiana, military authorities said on Thursday.
Qualcomm fined $272 million in latest EU antitrust fine
The EU has fined Qualcomm €242 million (around $272 million) for selling 3G modem chips at predatory prices in an attempt to drive a competing supplier, Icera, out of the market.
Police arraign two men for homosexuality in Abuja
The police on Thursday arraigned two men in a Kabusa Grade I Area Court Abuja for allegedly engaging in the act of sodomy.
Three nabbed for abducting, raping female teenagers
Three suspected cultists have been arrested for allegedly abducting and raping two teenage girls in Awada, near Onitsha, Anambra state.
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Compulsory retirement: Ex-AIG Joseph Mbu, Police commission explore out of court settlement
The Police Service Commission (PSC) and a former Assistant Inspector-General of Police (AIG), Joseph Mbu, have told the National Industrial Court that they are still discussing an out of court settlement in the suit filed against the commission by the retired officer.
Bayelsa commissioner passes on at 55
A certain Victoria, who announced Mrs. Goma’s death on a social platform, said: “We heard this evening that one of our mothers in Bayelsa State, Mrs. Agatha Goma, has gone to be with the Lord. She was in the State Assembly and until her demise, was the Commissioner for Local Government Administration.”
Tension as Shi’ites, armed security operatives clash again
Members of the Islamic Movement of Nigeria (IMN) also known as Shi’ites and officers of the Nigerian police force engaged in another faceoff at the federal secretariat on Thursday morning.
TETFUND tasks quantity surveyors on execution of quality projects
Prof. Suleiman Bogoro, Executive Secretary, Tertiary Education Trust Fund (TETFUND), has tasked members of the Nigerian Institute of Quantity Surveyors (NIQS) to impressed it upon their members to deliver quality projects.
Afcon: We are ready for Super Eagles test – Algeria forward
Desert Foxes of Algeria forward Youcef Belaili (No. 8, pictured above in goal celebration), says the side is determined to advance to the final of the 2019 Africa Cup of Nations at the expense of Nigeria.