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Tough cost-cutting measures introduced by deposit money banks (DMBs) as part of efforts to stay profitable in the face of a harsh operating environment are taking a toll on the quality of service provided by lenders, findings by New Telegraph have revealed. In the wake of the negative impact of...

Nume Ekeghe Ecobank Nigeria has announced an increase in the maximum daily limit of its naira debit cards abroad, depending on the type of card held by its customers. Customers with naira debit cards can now pay up to $4,000 and $5,000 per day on online channels and point of sale … via...

In a bid to improve financial inclusion in Nigeria, the National Insurance Commission (NAICOM) has reviewed the Micro-insurance Guidelines of 2013 and released the revised edition. The revised guidelines were released on Tuesday in Abuja and became effective from January 1, 2018, a statement by...

Ndubuisi Francis and Udora Orizu in Abuja As the African Development Bank (AfDB) officially opens its first regional office in Abuja Thursday, the pan-African financial institution says it is set to embark on priority projects in Nigeria, some of which it plans to deliver this year. Some of the...

Chineme Okafor in Abuja The Nigerian National Petroleum Corporation (NNPC) has given reasons why it prefers to use the Free-on-Board (FOB) system to export Nigeria’s crude oil to their respective destinations and not the Cost, Insurance and Freight (CIF) system. The NNPC, according to a...

From George Onyejiuwa, Owerri Chairman and Chief Executive of Shanghai Engineering Works and Industrial Limited, Festus Mbisiogu, has disclosed that he decided to site his factory in Imo State in response to the clarion call by the Federal Government for Nigerian businessmen in the Diaspora to...

Nigeria Stock Exchange, Lagos The Nigerian Stock Exchange (NSE) yesterday, announced new measures to change the structure of its Market Making concept and regulation rules this year. This followed its dissatisfaction with the level of participation in the initiative over the years. Its …...

Olisa Following the announcement in November 2017 of the appointment of Kenneth Olisa (OBE) as Interswitch’s new chairman, the businessman and philanthropist has been recognized, amongst other notable individuals, in Queen Elizabeth (II)’s New Year Honours. Olisa is a British businessman with a...

By Victor Ahiuma-Young As part of its goal to see a generational shift in agriculture on the continent, the African Development Bank has taken its ‘Farming is Cool’ initiative to school children in Nigeria. The Bank has also launched a Junior Art Contest in Nigeria to promote the potential of...

By Prince Osuagwu The Nigerian Communications Commission, NCC, Tuesday gathered stakeholders in Lagos, to discuss possible ways of ensuring appropriate pricing for broadband services in the country. Umaru Garba Danbatta, New NCC boss The commission said appropriate pricing will enhance robust...

As Facebook gears up for another News Feed algorithm change, a new report suggests tests of the platforms earlier algorithm tests aren’t going as planned. In the fall, Facebook began testing a split News Feed, with posts from friends in one location and posts from news publications in another...

The entire world is stunned by the dramatic changes in the values of cryptocurrencies. In 2017, we have seen many cryptocurrencies touching all time high values. Bitcoin tops the list with Ethereum and Ripple as the followers. The overall market cap of all the … via Latest Ripple XRP Coin...

By Onome Amawhe A Nigeria-Africa trade tie has long been a cherished, but elusive goal. With a growing need for the establishment of closer economic tie between Nigeria and the continent’s numerous countries, based on a heightened need for regional integration, and a clearer understanding of...

Nigerian stocks have jumped to a nine-year high as Africa’s biggest economy emerges from its worst recession in 25 years, buoyed by the high price of oil at $69 a barrel. The country’s main equity index grew 12 percent this year in dollar terms, pushing it to the highest level … via...

Ebrima Faal, the Country Director, African Development Bank (AfDB), said that the bank would focus mostly on power sector in 2018. Faal said this during an interaction with newsmen at the newly-built Nigeria Country Department Office on Tuesday in Abuja. He said that the new office, … via...

Google announced today that it’s going to massively expand its global cloud infrastructure with three new subsea cables and five new regions. The regions, all coming online this year, will be available in the Netherlands, Montreal, Hong Kong, Los Angeles, and Finland. Meanwhile, the cables will...

The Nigerian Stock Exchange (NSE), in 2017, despite being a bullish year which translated to the Bourse emerging the 3rd best performing stock globally, recorded no Initial Public Offer (IPO). via TODAY.NG – http://ift.tt/2FIdSZT Get more: Nigeria Business News

The defender is the sixth most expensive signing in Dortmund history after penning a four-and-a-half year deal via Tori News – http://ift.tt/2r9bRCA --------------- Get More Nigeria Sports News

By AFP More by this Author Stan Wawrinka was upbeat after winning a tough first match at the Australian Open on Tuesday since knee surgery last year, saying there was still pain but it was getting better. The three-time Grand Slam winner had a mid-match wobble before eliminating … via Daily...

By BRIAN YONGA More by this Author Telkom women’s hockey team will launch their Africa Cup for Club Champions title defence against Nigeria’s Yobe Desert when the competition gets underway on Saturday in Accra, Ghana. According to the draws released on Tuesday by the Africa Hockey Federation...