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Tuesday, February 25, 2020

MTN gets $1.3bn loan to settle Nigerian fine

The MTN Group Limited has raised $1.3bn in loans before its planned sale of bonds to offset the N330bn Nigerian fine, pay dividends and...

MTN Posts First-Ever Loss After NCC Fine

South Africa MTN Group has reported its first-ever per-share loss as a public company, after Africa biggest mobile phone operator agreed to settle a...

CBN Opposes MTN over mobile banking transaction access

The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has kicked against MTN Nigeria’s plan to start charging its subscribers for Unstructured Supplementary Service...

Telecom Companies Threaten To Disconnect Banks From USSD

Telecommunications companies have threatened to stop offering Unstructured Supplementary Service Data services to financial institutions without commensurate financial payment for the services. The companies, which...

Airtel consider listing on the Nigerian Stock Exchange

Airtel Networks Nigeria Limited has hinted at a possible listing of the company on the Nigerian Stock Exchange (NSE) in no distant time. The...

Fidelity Bank gets e-commerce platform licence

The Central Bank of Nigeria (CBN) has granted Fidelity Bank Plc final licence to operate electronic commerce services in Nigeria. With this development, the...

TUC condemns planned communication tax

The Trade Union Congress has condemned plans by the Federal Government to impose taxes on GSM calls and other related communication services. The President and...

Access Bank Hits over N1Billion in Digital Lending Daily

Access Bank’s expanded digital lending portfolio, which gives Nigerians quick and 24/7 access to funds for emergencies without any collateral, has hit a record...

Bank CEOs Applaud NCC’s Decision to Suspend USSD Charges by Telecommunication Companies for accessing...

The Body of Bank CEOs applauds the recent notice from the National Communications Commission (NCC) announcing the immediate suspension of end-user billing for Unstructured Supplementary...

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SEC Holds International Commodities Conference March 16,17

In a bid to further deepen the capital market and have a vibrant commodities exchange, the securities and Exchange Commission, SEC, is to...

CBN Clarifies Operation of Domiciliary Accounts

The Central Bank of Nigeria (CBN) has formally clarified issues surrounding the operations of domiciliary accounts in Nigeria.

Dangote boosts south East economy with N63billion investment in ANAMMACO

Dangote Group has in the last five years invested over N63bn in the South East with the purchase of over 3,500 units of locally...