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Category: Local

National Pension Commission Recovered N19.29 Billion Unremitted Monthly Pensions By Employers
AfricaBankingInvestingLocal

National Pension Commission Recovered N19.29 Billion Unremitted Monthly Pensions By Employers

The National Pension Commission says it has recovered N19.29bn monthly pensions deducted by employers from employees’ monthly emoluments but not…

byakintundeOctober 27, 2021
E-Naira – Emefiele Announces New ‘100 For 100’ Instrument
BusinessLocalMarket

E-Naira – Emefiele Announces New ‘100 For 100’ Instrument

President Muhammadu Buhari has launched the Central Bank of Nigeria (CBN) digital currency, the e-Naira. While launching the digital currency,…

byEkeminiOctober 26, 2021
Agric-Tech Start-Up Secured $3.2 Millions Seed Round
AfricaLocal

Agric-Tech Start-Up Secured $3.2 Millions Seed Round

Vendease, an agri-tech startup that lets restaurants and other food businesses buy supplies directly from manufacturers and farms, has secured…

byakintundeOctober 26, 2021October 26, 2021
United Bank Of Africa Recorded N490.3 Billion Gross Earning In Q3
AfricaBankingLocal

United Bank Of Africa Recorded N490.3 Billion Gross Earning In Q3

United Bank for Africa, UBA Plc has recorded N490.3 billion gross earnings for the third quarter ended September 30, 2021…

byakintundeOctober 26, 2021
What To Know About Nigeria Digital Currency
BankingLocalMarketTechnology

What To Know About Nigeria Digital Currency

On Monday, President Muhammadu Buhari unveiled eNaira, Nigeria’s digital currency. At the launch, Buhari said the adoption of the Central…

byakintundeOctober 26, 2021October 27, 2021
World Bank Frowns At Nigeria Plan To Spend N2.9tn On PMS Subsidy
AfricaLocalMarketTradeWorld

World Bank Frowns At Nigeria Plan To Spend N2.9tn On PMS Subsidy

The World Bank has decried the continued spending by the Nigerian government on petrol subsidy, which it said is on…

byakintundeOctober 26, 2021
Nigeria: President Muhammadu Buhari Launch E-Naira
AfricaBankingBreakingBusinessLocalMarketTechnologyTrade

Nigeria: President Muhammadu Buhari Launch E-Naira

The President, Major General Muhammadu Buhari (retd.), on Monday, launched the eNaira platform. The eNaira is a culmination of several…

byakintundeOctober 25, 2021
CBN Introduces E-Naira Speed Wallet And E-Naira Merchant Wallet
AfricaBankingBreakingLocalMarketTechnologyTrade

CBN Introduces E-Naira Speed Wallet And E-Naira Merchant Wallet

The Central Bank of Nigeria has finally launched its Central Bank Digital Currency called eNaira on Monday. The eNaira was…

byakintundeOctober 25, 2021October 25, 2021
NIN-SIM Linkage Subscribers Want Two-Month Extension As Deadline Nears
BusinessLocal

NIN-SIM Linkage Subscribers Want Two-Month Extension As Deadline Nears

Telecommunication subscribers are clamouring for a two-month extension of the October 31 deadline for National Identity Number-Subscriber Identity Module data…

byEkeminiOctober 25, 2021
FG Mulls Bill On Digital Economy
BusinessLocal

FG Mulls Bill On Digital Economy

The Federal Government has said it is working on a bill – the Nigeria Startup Bill (NSB)- that will aid…

byEkeminiOctober 25, 2021
Newly listed Nigerian Exchange Group Led Gainers With 23.94 Percent
AfricaBusinessInvestingLocalMarket

Newly listed Nigerian Exchange Group Led Gainers With 23.94 Percent

Newly listed Nigerian Exchange Group Plc traded high at the end of last week’s transaction on the equities sector of the…

byakintundeOctober 25, 2021
AMCON Yet To Pay Arik Air Unsecured Debt Since It Took Over
AfricaBankingBusinessInvestingLocalMarket

AMCON Yet To Pay Arik Air Unsecured Debt Since It Took Over

The Asset Management Corporation of Nigeria “AMCON” has refused to pay to the aviation agencies N9.6 billion and $2.3 million…

byakintundeOctober 25, 2021October 25, 2021
Nigeria Government To Spend N7.53 Billion On 109 Digital Projects
Local

Nigeria Government To Spend N7.53 Billion On 109 Digital Projects

The Federal Government has said it plans to spend about N7.53bn on digitisation and computerisation projects in 2022. According to…

byakintundeOctober 25, 2021
French Development Agency Staked $70 Million To Bridge Nigeria Power Needs
AfricaEnergyLocal

French Development Agency Staked $70 Million To Bridge Nigeria Power Needs

To bridge the nation’s power needs and reduce environmental pollution, the Agence Francaise de Developement (AFD) has staked about $70m…

byakintundeOctober 25, 2021
Nigeria: Federal, State and Local Government Disagree Over Repayment Of Paris Club Loan
AfricaLocal

Nigeria: Federal, State and Local Government Disagree Over Repayment Of Paris Club Loan

Payment of salaries by about 33 states of the federation is uncertain as the decision of the federal government to…

byakintundeOctober 25, 2021
President Of Federal Republic Of Nigeria To Unveil  Central Bank Digital Currency Today
AfricaBankingBusinessLocalMarketTechnology

President Of Federal Republic Of Nigeria To Unveil Central Bank Digital Currency Today

President Muhammadu Buhari will unveil the Central Bank Digital Currency, known as the eNaira, today at the State House, Abuja.…

byakintundeOctober 25, 2021
Pension Fund Administrators Invested N2.05 Trillion Pension Fund In Banks In 6 Months
AfricaBankingInvestingLocal

Pension Fund Administrators Invested N2.05 Trillion Pension Fund In Banks In 6 Months

The total amount of pension funds invested in banks by Pension Fund Administrators rose to N2.05tn at the end of…

byakintundeOctober 25, 2021October 25, 2021
World Bank Barred 18 Nigerian Individuals And Firms
AfricaLocalWorld

World Bank Barred 18 Nigerian Individuals And Firms

The World Bank has blacklisted 18 Nigerian individuals and firms for engaging in corrupt practices, fraud and collusive practices in…

byakintundeOctober 25, 2021
Frazium Energy Strikes Deal For Solar Battery Project In Eswatini
AfricaEnergyLocal

Frazium Energy Strikes Deal For Solar Battery Project In Eswatini

Australian renewable power producer Frazium Energy has inked a deal with the government of Eswatini, also known as Swaziland, to…

byakintundeOctober 25, 2021
LocalGlobe Leads 7-figure Seed Round For Nigeria’s Eden Life
AfricaBusinessLocalTechnology

LocalGlobe Leads 7-figure Seed Round For Nigeria’s Eden Life

Nigerian startup Eden Life, a home services app for scheduling food, laundry and cleaning services, has raised a US$1.4 million…

byakintundeOctober 25, 2021
MFS Africa Makes “Second-Highest” Fintech Acquisition In Nigeria
AfricaBusinessInvestingLocalMarket

MFS Africa Makes “Second-Highest” Fintech Acquisition In Nigeria

MFS Africa, the largest pan-African digital payments hub, announced that it had signed an agreement to acquire Baxi, one of…

byakintundeOctober 25, 2021
UK Export Finance Of £1.5 Billion For Nigeria Is Largely Untouched
AfricaLocalWorld

UK Export Finance Of £1.5 Billion For Nigeria Is Largely Untouched

The £1.5bn financing set aside for Nigeria by the UK Export Finance, the United Kingdom government’s export credit agency, has…

byakintundeOctober 25, 2021
34 Oil Companies Disbursed $896.891 Million  Social Expenditure
AfricaBusinessLocalMarketTradeWorld

34 Oil Companies Disbursed $896.891 Million Social Expenditure

Thirty-four foreign and indigenous oil companies disbursed $896.891 million as social expenditure in the 12 months culminating in December 2019,…

byakintundeOctober 25, 2021
FBNH’s Equity In Airtel Nigeria Could Be Over N200 Billion
AfricaBankingBusinessInvestingLocalMarket

FBNH’s Equity In Airtel Nigeria Could Be Over N200 Billion

FBN Holdings Plc, a major beneficiary of Airtel Africa’s buy-back of the unquoted shares of Airtel Nigeria, could rake in…

byakintundeOctober 24, 2021
First Bank OF Nigeria Holdings,  Battle Of Major Stakeholder
AfricaBankingInvestingLocal

First Bank OF Nigeria Holdings, Battle Of Major Stakeholder

There is a struggle for the control of Nigeria’s premier banking institution, FBN Holdings Plc. The fight is between the…

byakintundeOctober 24, 2021October 24, 2021
FBN Holdings Now Aware Of Mr Otedola’s 5.07% Equity Stake
AfricaBankingInvestingLocalMarketTrade

FBN Holdings Now Aware Of Mr Otedola’s 5.07% Equity Stake

FBN Holdings Plc, the holding company of First Bank of Nigeria, says it has received notification that Femi Otedola, billionaire…

byakintundeOctober 24, 2021
Dangote Cement Plc: PAT Of N191.6 Billion
AfricaLocalMarketTrade

Dangote Cement Plc: PAT Of N191.6 Billion

Dangote Cement Plc built an after-tax profit of N191.6 billion at the end of its half-year trading in June 2021.…

byakintundeOctober 22, 2021October 23, 2021
Facebook To Pay For News Content In France
AfricaBusinessLocalMarket

Facebook To Pay For News Content In France

Facebook said Thursday it had reached an agreement with some French newspapers to pay for news content shared by its…

byakintundeOctober 22, 2021October 23, 2021
Court Satisfied With MultiChoice Deposit Of N8 Billion in Tax Case
AfricaBusinessLocalMarket

Court Satisfied With MultiChoice Deposit Of N8 Billion in Tax Case

At the hearing in Lagos on Wednesday, the administrative court said it was satisfied that MultiChoice had complied with the…

byakintundeOctober 22, 2021October 22, 2021
Federal Inland Revenue Service Propose Road Infrastructure Tax For Informal Sector In Nigeria
AfricaLocal

Federal Inland Revenue Service Propose Road Infrastructure Tax For Informal Sector In Nigeria

Muhammad Nami, executive chairman of the Federal Inland Revenue Service (FIRS), says the agency is proposing road infrastructure tax in…

byakintundeOctober 22, 2021

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