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Saturday, October 31, 2020
BREAKING
  • Why businesses should consider opening offices in small towns and villages
  • Volatility May Continue On NGSE, As Investors Digest Q3 Earnings, Readjust Portfolios
  • Nigeria imported N2.78tn manufactured goods in Q2 –NBS
  • Airtel plans to exit Ghana market soon
  • AMCON clarifies position on Pan Ocean’s N240bn debt
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  • Oct 30, 2020 Banjo Olaniran 0
    Why businesses should consider opening offices in small towns and villages
    By Andrew Bourne For a while now, tech companies and workers have...
    Analyst Insight Featured 
  • Oct 30, 2020 Business Metrics 0
    Nigeria imported N2.78tn manufactured goods in Q2 –NBS
    Nigeria imported manufactured goods worth N2.78tn while the total export component was...
    Economy Featured 
  • Oct 30, 2020 Omobayo Azeez 0
    AMCON clarifies position on Pan Ocean’s N240bn debt
    The Asset Management Corporation of Nigeria (AMCON) has said that it is...
    Featured Finance 
  • Oct 30, 2020 Banjo Olaniran 0
    Naira slips to N465/$1 at parallel market
    After appearing to have stabilised against the dollar across foreign exchange markets...
    Featured Markets 
  • Oct 30, 2020 Business Metrics 0
    MTN Nigeria reports N973.8bn revenue, 75m subscribers in 9 months
    MTN Nigeria Communications (MTNN) Plc has said its mobile subscribers’ base increased...
    Capital Market Featured Telecoms 
EndSARS: Civil society group slams governors for palliative hoarding

EndSARS: Civil society group slams governors for palliative hoarding

Oct 30, 2020 0
ATCON set for new leadership, slates November 12 for AGM, elections

ATCON set for new leadership, slates November 12 for AGM,...

Oct 28, 2020 0
FG now paying 108,108 artisans in FCT, 11 states N30,000 survival funds

FG now paying 108,108 artisans in FCT, 11 states N30,000...

Oct 28, 2020 0
NCC trains journalists on emerging telecoms, ICT trends

NCC trains journalists on emerging telecoms, ICT trends

Oct 27, 2020 0

Recent Posts

  • Why businesses should consider opening offices in small towns and villages Oct 30, 2020
  • Volatility May Continue On NGSE, As Investors Digest Q3 Earnings, Readjust Portfolios Oct 30, 2020
  • Nigeria imported N2.78tn manufactured goods in Q2 –NBS Oct 30, 2020
  • Airtel plans to exit Ghana market soon Oct 30, 2020
  • AMCON clarifies position on Pan Ocean’s N240bn debt Oct 30, 2020
  • Naira slips to N465/$1 at parallel market Oct 30, 2020
  • MTN Nigeria reports N973.8bn revenue, 75m subscribers in 9 months Oct 30, 2020

MARKET

  • forex
    Oct 30, 2020 Banjo Olaniran 0

    Naira slips to N465/$1 at parallel market

    After appearing to have stabilised against the dollar across foreign exchange markets in recent days, the naira on Wednesday and Thursday fell to N465 per dollar at the parallel market from N463/$1 last week, traders said. The local currency has been under pressure at the parallel market since...
    Featured Markets 
  • MTN Nigeria reports N973.8bn revenue, 75m subscribers in 9 months
    Oct 30, 2020 Business Metrics 0

    MTN Nigeria reports N973.8bn revenue, 75m subscribers in 9 months

    MTN Nigeria Communications (MTNN) Plc has said its mobile subscribers’ base increased to 75 million while...
    Capital Market Featured Telecoms 
  • NSE back above water, Nairobi still in difficulties
    Oct 28, 2020 Business Metrics 0

    NSE back above water, Nairobi still in difficulties

    By FBNQuest Research The NSEASI crossed a notable threshold on 02 October, returning to positive territory...
    Analyst Insight Markets 
  • Stocks higher while acrimony rules
    Oct 28, 2020 Business Metrics 0

    NGSE index soars further, as investors seek sound stocks, div history, high payout

    Market Update for October 27 By Investdata Analysts Equity prices closed higher on the Nigerian Stock...
    Markets 
UBA ad

TECHNOLOGY

  • Airtel plans to exit Ghana market soon
    Oct 30, 2020 Business Metrics 0

    Airtel plans to exit Ghana market soon

    Airtel’s board has announced that the Ghana government and AirtelTigo are in the advanced stages of concluding an agreement to transfer the mobile operator AirtelTigo to the state. This includes its customers, assets and agreed liabilities, with 100 per cent of shares on a going concern basis. No...
    Telecoms Travels 
  • MTN Nigeria reports N973.8bn revenue, 75m subscribers in 9 months
    Oct 30, 2020 Business Metrics 0

    MTN Nigeria reports N973.8bn revenue, 75m subscribers in 9 months

    MTN Nigeria Communications (MTNN) Plc has said its mobile subscribers’ base increased to 75 million while...
    Capital Market Featured Telecoms 
  • Oct 29, 2020 Omobayo Azeez 0

    NCC inflated FG’s coffers by N344.71bn in 5 years

    Umar Danbatta, the executive vice chairman of the Nigerian Communications Commission (NCC), has told the House...
    Featured Telecoms 
  • Oct 28, 2020 Banjo Olaniran 0

    Queries on #EndSARS, DJ Switch, others top October Google searches

    A milestone anniversary, calls to shut down an allegedly brutal police department, and state election results...
    Featured Technology 

PHOTO STORIES

Photos

PHOTOS: NITDA DG, Kashifu receives Kyari, VC of Borno State University

Banjo Olaniran / Oct 13, 2020
The Director General, National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, CCIE, received in audience, Vice Chancellor of Borno...
Read More
Borno State University, NITDA
Featured Photos

PHOTOS: Danbatta at Stakeholders Conference on Digital Technology and Cybersecurity

Banjo Olaniran / Oct 12, 2020
Prof Umar Garba Danbatta, the Executive Vice Chairman of the Nigerian Communications Commission (NCC) represented the Honourable Minister for Communications...
Read More
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FINANCE

AMCON clarifies position on Pan Ocean’s N240bn debt

AMCON clarifies position on Pan Ocean’s N240bn debt

AMCON, Pan Ocean Group
Universal Insurance pays N1.2bn claims

Universal Insurance pays N1.2bn claims

Universal Insurance Plc
CBN plans direct interface with GIFMIF platform

CBN plans direct interface with GIFMIF platform

Central bank of Nigeria, Government Integrated Financial Market Information System (GIFMIS), Treasury Single Account (TSA)
Financial Inclusion: CBN to promote zero balance account opening

Financial Inclusion: CBN to promote zero balance account opening

CBN, financial inclusion, ZEro Account
Access Bank announces N50 billion interest-free loan for small businesses

Access Bank announces N50 billion interest-free loan for small businesses

Access Bank, interest free loan, Small Businesses, SMEs
Fintech companies raised $554m in investment last week

Fintech companies raised $554m in investment last week

Deepwatch, Finbold, Fintech companies
CBN sets standard for banks on compliance officers

CBN sets standard for banks on compliance officers

CENTRAL BANK OF NIGERA
CBN: Currency in circulation hits N2.426trn in September

CBN: Currency in circulation hits N2.426trn in September

CBN, Currency in Circulation, Emefiele
Nigerian venture plans to raise N480bn for power gap

Nigerian venture plans to raise N480bn for power gap

FBNQUEST, power gap
CBN releases framework for metering financing, promotes local content

CBN releases framework for metering financing, promotes local content

CBN, National Mass Metering Programme (NMMP), Nigeria Electricity Supply Industry (NESI)
Law Union & Rock to delist as NSE places its shares on full suspension

Law Union & Rock to delist as NSE places its shares on full suspension

Law Union & Rock Insurance, Nigerian Stock Exchange
Heritage Bank begins fresh exercise for SPW’s 774,000 participants

Heritage Bank begins fresh exercise for SPW’s 774,000 participants

Bank Verification Number (BVN), Festus Kenyamo, heritage Bank, Special Publiy Work (SPW)
Union Bank issues statement on $40m IFC deal

Union Bank issues statement on $40m IFC deal

Emeka Emuwa, IFC, Union Bank
Lagos-based fintech firm, Paystack, acquired for $200m by Stripe

Lagos-based fintech firm, Paystack, acquired for $200m by Stripe

acquisition, Paystack, Stripe
2020: Global life & health insurance becomes biggest industry with $4.4trn revenue

2020: Global life & health insurance becomes biggest industry with $4.4trn revenue

ComprarAcciones, Global life & health insuranceom, Insurance
Global fintech lending on 25% growth to hit $335bn by 2021

Global fintech lending on 25% growth to hit $335bn by 2021

fintech lending
CBN enforces SWIFT code on banks

CBN enforces SWIFT code on banks

CBN, SWIFT Code
Insurance assets grow 11.8% to hit N1.8tn in 6 month

Insurance assets grow 11.8% to hit N1.8tn in 6 month

insurance assets, insurance company
CBN alerts Nigerians on fraudulent loan offers, investment schemes

CBN alerts Nigerians on fraudulent loan offers, investment schemes

CBN warns Nigerian, fraudulent loans
CSW: UBA says innovation, optimisation of banking platforms key to customer satisfaction

CSW: UBA says innovation, optimisation of banking platforms key to customer satisfaction

2020 Customer service week, UBA
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Business Metrics

ECONOMY

Nigeria imported N2.78tn manufactured goods in Q2 –NBS

Nigeria imported N2.78tn manufactured goods in Q2 –NBS

Oct 30, 2020
At N1.26trn, Chinese products top Nigeria’s imported goods list – NBS

At N1.26trn, Chinese products top Nigeria’s imported goods list – NBS

Oct 26, 2020
CBN plans direct interface with GIFMIF platform

CBN plans direct interface with GIFMIF platform

Oct 26, 2020
Business Metrics

ENERGY

  • Conoil shareholders get N1.39bn dividend
    Oct 26, 2020 Business Metrics 0

    Conoil shareholders get N1.39bn dividend

    Shareholders of Conoil Plc have approved the payment of N1.39 billion dividend proposed by the board of the oil marketing company. This came on the back of appreciable performance recorded in the 2019 financial year, and thus, the shareholders will get 200 kobo on every 50 kobo ordinary...
    Energy Featured Markets 
  • Oct 21, 2020 Banjo Olaniran 0

    Nigeria loses N1.06trn oil revenue target to COVID-19 – NNPC

    The Nigeria National Petroleum Corporation (NNPC) says  the country’s oil revenue target declined by N1.06 trillion...
    Energy Featured 
  • power electricity
    Oct 20, 2020 Business Metrics 0

    Nigerian venture plans to raise N480bn for power gap

    A Nigerian venture plans to raise N480 billion ($1.2 billion) over the next three years to...
    Energy Featured Finance 
  • Power: Deal With Siemens - The Birth of a New Era?
    Oct 20, 2020 Omobayo Azeez 0

    CBN releases framework for metering financing, promotes local content

    The Central Bank of Nigeria (CBN) has released the framework for the financing of National Mass...
    Energy Finance 

GENERAL

EndSARS: Civil society group slams governors for palliative hoarding

EndSARS: Civil society group slams governors for palliative hoarding

Oct 30, 2020
Just In: Finally, Okonjo-Iweala elected WTO DG

Just In: Finally, Okonjo-Iweala elected WTO DG

Oct 28, 2020
Oyo sets up N1bn fund for MSMEs, victims of police brutality

Oyo sets up N1bn fund for MSMEs, victims of police brutality

Oct 28, 2020

STARTUPS & INNOVATIONS

  • IFC Disburses $50m Loan To Nigerian SMEs Affected By Pandemic
    Oct 28, 2020 Business Metrics 0

    Be among 250,000 SMEs to get free business name registration by CAC

    President Muhamadu Buhari has approved free business name registration with the Corporate Affairs Commission (CAC) for 250,000 businesses across the nation. This was announced on Tuesday evening by Bashir Ahmed, the new media aide to the President, announced the development through his Twitter handle. “President Buhari has approved...
    Featured SMEs 
  • FG now paying 108,108 artisans in FCT, 11 states N30,000 survival funds
    Oct 28, 2020 Banjo Olaniran 0

    FG now paying 108,108 artisans in FCT, 11 states N30,000 survival funds

    The Federal Government has commenced the disbursement of N30,000 one-time grant to 330,000 artisans across the...
    News SMEs 
  • Access Bank announces N50 billion interest-free loan for small businesses
    Oct 25, 2020 Omobayo Azeez 0

    Access Bank announces N50 billion interest-free loan for small businesses

    Access Bank has announced N50 billion in support of Nigerians through interest-free loans and grants to...
    Banking Featured SMEs 
  • Oct 20, 2020 Banjo Olaniran 0

    FG begins N75bn support fund disbursement to 1.7m MSMEs

    Beginning from this week, the Federal Government will start paying grants to Micro, Small and Medium...
    Featured SMEs 

Lagos Parallel Market Rates (₦)

INTERVIEW

  • Our mission is to deepen broadband penetration, other telecoms services across Africa – Wole Abu, CEO, Pan African Towers
    Sep 30, 2020 Omobayo Azeez 0

    Our mission is to deepen broadband penetration, other telecoms services across Africa – Wole Abu, CEO, Pan African Towers

    Wole Abu is the Chief Executive Officer of Pan African Towers Limited, an indigenous infrastructure company in the African telecoms market. In this interview with BUSINESS METRICS team, Abu discloses the circumstances that gave birth to his company two years ago and the impetus behind its fast-pervading footprints...
    Featured Interview 
  • Isa Pantami, Digital Economy, Broadband, RoW
    Jun 28, 2020 Banjo Olaniran 0

    ‘Why Implementation of Nigeria’s broadband plan is strategic to national development’

    Before his appointment as the Minister of Communications...
    Interview 
  • How we’re cushioning pandemic impacts on Nigeria’s oil and gas sector – Auwalu, DPR CEO
    Jun 16, 2020 Banjo Olaniran 0

    How we’re cushioning pandemic impacts on Nigeria’s oil and gas sector – Auwalu, DPR CEO

    Engr. Sarki Auwalu, director and CEO of Nigeria’s...
    Energy Interview 

SPONSORED

  • Oct 24, 2020 Business Metrics 0

    9M-2020: CAP Plc reports N928m profit as revenue soars 34% in Q3

    Maintains strong cash position of ₦4.97bn Envisages improved performance New growth strategy lifting operations, says MD _________________________________ Chemical and Allied Products Plc (CAP), one of Nigeria’s leading paints and decorative companies, has posted positive numbers in its unaudited results for the nine months ended 30 September 2020. The...
    Capital Market Featured Sponsored 
  • essay competition
    Aug 30, 2020 Banjo Olaniran 0

    UBA Foundation raises prizes by 33% as entry for national essay competition commences

    Competition marks a decade of existence UBA Foundation, the corporate social responsibility arm of the United...
    Sponsored 
  • UBA leads consortium to stake $1.5bn on NNPC, NPDC’s project
    Jun 7, 2020 Banjo Olaniran 0

    UBA rewards 100 more customers with N100,000 each in fresh Bumper Draw

    Pan African Financial institution, United Bank for Africa (UBA) Plc has rewarded another set of 100...
    Sponsored 

TRAVELS

  • Airtel plans to exit Ghana market soon
    Oct 30, 2020 Business Metrics 0

    Airtel plans to exit Ghana market soon

    Airtel’s board has announced that the Ghana government and AirtelTigo are in the advanced stages of concluding an agreement to transfer the mobile operator AirtelTigo to the state. This includes its customers, assets and agreed liabilities, with 100 per cent of shares on a going concern basis. No...
    Telecoms Travels 
  • Oct 19, 2020 Omobayo Azeez 0

    NLC rejects airports’ concession plan, recommends alternatives

    The Nigeria Labour Congress (NLC) has written a...
    Aviation News 
  • ACI World, IATA in joint push for globally consistent approach to testin
    Oct 18, 2020 Business Metrics 0

    IATA accepts US military report on risk of catching COVID-19 on a flight

    The International Air Transport Association (IATA) welcomed the...
    Aviation 
  • ACI World, IATA in joint push for globally consistent approach to testin
    Oct 10, 2020 Business Metrics 0

    ACI World, IATA in joint push for globally consistent approach to testing

    Airports Council International (ACI) World and the International...
    Aviation Featured 

Extras

  • Oct 8, 2020 Banjo Olaniran 0

    Five killed, many injured in Lagos gas explosion

    At least five persons have been confirmed dead and several others injured after an early morning explosion at a gas plant in Baruwa, a densely populated neighbourhood in Alimosho area of Lagos. Also, preliminary reports indicated that 89 shops, 47 buildings including a primary school and church as...
    Extra 
  • NASS, 2021 Budget
    Oct 7, 2020 Business Metrics 0

    National Assembly shifts PIB deliberations to 2021 –National FG

    Deliberations on the Petroleum Industry Bill (PIB) by the National Assembly has been shifted to the...
    Extra Featured 
  • FG now paying 108,108 artisans in FCT, 11 states N30,000 survival funds
    Oct 1, 2020 Business Metrics 0

    [Nigeria @60] Full Speech: Buhari’s Independence Day Address

    INDEPENDENCE DAY ADDRESS BY HIS EXCELLENCY, MUHAMMADU BUHARI, PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA ON...
    Extra Featured 
  • tony elumelu
    Sep 24, 2020 Banjo Olaniran 0

    Elumelu, 2 other Nigerians, Named among 2020 “Time 100” Most Influential People

    TIME has named one of Africa’s leading investors and philanthropists- Tony O. Elumelu, chairman of the...
    Extra 
Investdata Consulting Limited

ANALYST INSIGHTS

  • Oct 30, 2020 Banjo Olaniran 0

    Why businesses should consider opening offices in small towns and villages

    By Andrew Bourne For a while now, tech companies and workers have been eyeing smaller cities...
    Analyst Insight Featured 
  • NSE back above water, Nairobi still in difficulties
    Oct 28, 2020 Business Metrics 0

    NSE back above water, Nairobi still in difficulties

    By FBNQuest Research The NSEASI crossed a notable threshold on 02 October, returning to positive territory...
    Analyst Insight Markets 
  • HINT: 7 stocks to have in your portfolio before 2020 ends
    Oct 28, 2020 Ambrose Omordion 0

    HINT: 7 stocks to have in your portfolio before 2020 ends

    By Investdata Analysts Looking at the seasonal swings trend in the final quarter of every year,...
    Analyst Insight Capital Market Featured 

OPINION

  • Oct 8, 2020 Business Metrics 0

    Time to CAP Incessant Gas Explosion in Lagos

    By Elvis Eromosele Lagosians woke up to the news of another gas plant explosion, this time...
    General Opinion 
  • Inuwa, Kashifu
    Aug 30, 2020 Banjo Olaniran 0

    One Year of Kashifu at NITDA

    By Adamu Usman Garko Leadership is about responsibility. Those who instill hope into our minds and...
    Opinion Uncategorized 
  • NITDA
    Aug 22, 2020 Business Metrics 0

    Kashif Inuwa Abdullahi: Nigeria’s ICT Troubleshooter

    By Mohammed Saleh Manzo When it comes to card game, the best is selected. As the...
    Opinion 

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