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Monday, October 26, 2020
BREAKING
  • MTN, 9mobile get NCC’s approval for national roaming service
  • Access Bank announces N50 billion interest-free loan for small businesses
  • We’re on course with digital economy drive, Pantami, others reassure
  • Danbatta sues for peace as he visits Emir of Kano
  • 9M-2020: CAP Plc reports N928m profit as revenue soars 34% in Q3
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  • Oct 25, 2020 Omobayo Azeez 0
    MTN, 9mobile get NCC’s approval for national roaming service
    As Commission encourages resource sharing ________________________ The Nigerian Communications Commission (NCC) has...
    Featured News Telecoms 
  • 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...
    Banking Featured SMEs 
  • Oct 24, 2020 Omobayo Azeez 0
    We’re on course with digital economy drive, Pantami, others reassure
    Isa Pantami, the Minister of Communications and Digital Economy, agencies under the...
    Featured Telecoms 
  • 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...
    Capital Market Featured Sponsored 
  • Oct 23, 2020 Banjo Olaniran 0
    AIICO Insurance to raise share capital to N20bn
    AIICO Insurance Plc has set agenda to raise its share capital at...
    Featured Markets 
MTN, 9mobile get NCC’s approval for national roaming service

MTN, 9mobile get NCC’s approval for national roaming service

Oct 25, 2020 0
Ferrari recalls 1,063 of its 812 Superfast model due to rear window glitch

Ferrari recalls 1,063 of its 812 Superfast model due to...

Oct 23, 2020 0
How #EndSARS crisis disrupts Dangote Cement’s calendar

How #EndSARS crisis disrupts Dangote Cement’s calendar

Oct 23, 2020 0
Shareholders approve delisting of 11 Plc from NSE

Shareholders approve delisting of 11 Plc from NSE

Oct 22, 2020 0

Recent Posts

  • MTN, 9mobile get NCC’s approval for national roaming service Oct 25, 2020
  • Access Bank announces N50 billion interest-free loan for small businesses Oct 25, 2020
  • We’re on course with digital economy drive, Pantami, others reassure Oct 24, 2020
  • Danbatta sues for peace as he visits Emir of Kano Oct 24, 2020
  • 9M-2020: CAP Plc reports N928m profit as revenue soars 34% in Q3 Oct 24, 2020
  • AIICO Insurance to raise share capital to N20bn Oct 23, 2020
  • Ferrari recalls 1,063 of its 812 Superfast model due to rear window glitch Oct 23, 2020

MARKET

  • 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 
  • Oct 23, 2020 Banjo Olaniran 0

    AIICO Insurance to raise share capital to N20bn

    AIICO Insurance Plc has set agenda to raise its share capital at the Nigerian Stock Exchange...
    Featured Markets 
  • Oct 23, 2020 Banjo Olaniran 0

    How #EndSARS crisis disrupts Dangote Cement’s calendar

     The current precarious situation created by dissonance around #EndSARS agitation has forced the management of Dangote...
    Markets News 
  • H1’ 2020: Airtel Africa posts $145m profit as customer base hits 116.4m
    Oct 23, 2020 Banjo Olaniran 0

    H1’ 2020: Airtel Africa posts $145m profit as customer base hits 116.4m

    Telecoms and payment giant, Airtel Africa has reported broad base positive performance for the half-year period...
    Capital Market Featured Telecoms 
UBA ad

TECHNOLOGY

  • Advocacy Groups, Danbatta, NCC
    Oct 25, 2020 Omobayo Azeez 0

    MTN, 9mobile get NCC’s approval for national roaming service

    As Commission encourages resource sharing ________________________ The Nigerian Communications Commission (NCC) has granted approval for two mobile network operators (MNOs) to carry out trial on National Roaming Service for a period of three months, commencing from August 1, 2020 and to end by October 31, 2020. The two...
    Featured News Telecoms 
  • Oct 24, 2020 Omobayo Azeez 0

    We’re on course with digital economy drive, Pantami, others reassure

    Isa Pantami, the Minister of Communications and Digital Economy, agencies under the Ministry and industry stakeholders...
    Featured Telecoms 
  • NITDA trains 442 technical workers of public institutions
    Oct 23, 2020 Omobayo Azeez 0

    NITDA trains 442 technical workers of public institutions

    The Nigerian Information Technology Development Agency (NITDA) has just trained 442 workers of public institutions to...
    Featured Technology 
  • H1’ 2020: Airtel Africa posts $145m profit as customer base hits 116.4m
    Oct 23, 2020 Banjo Olaniran 0

    H1’ 2020: Airtel Africa posts $145m profit as customer base hits 116.4m

    Telecoms and payment giant, Airtel Africa has reported broad base positive performance for the half-year period...
    Capital Market Featured Telecoms 

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

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: 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
Senate probes Nigerian banks over illicit, excessive charges

Senate probes Nigerian banks over illicit, excessive charges

illicit charges, NASS, Nigerian banks, senators
CBN condemns airlines, shipping firms for violating export procedures

CBN condemns airlines, shipping firms for violating export procedures

Banks, CBN, illicit charging
Why full potential of Nigerian fintech remains untapped, by McKinsey

Why full potential of Nigerian fintech remains untapped, by McKinsey

Fintechs, investment in fintechs, McKinsey
FirstBank disburses over N17bn loans through FirstAdvance

FirstBank disburses over N17bn loans through FirstAdvance

financial inclusion, FirstAdvance, FirstBank, Loan
UBA’s financial outlook is stable, says Fitch Ratings

UBA’s financial outlook is stable, says Fitch Ratings

Fitch Ratings, UBA, United Bank for Africa
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Business Metrics

ECONOMY

Nigerian economy lost N700bn in 12 days to #EndSARS protests – LCCI

Nigerian economy lost N700bn in 12 days to #EndSARS protests – LCCI

Oct 20, 2020
FG restates commitment to hasten Nigeria’s digital economy

FG restates commitment to hasten Nigeria’s digital economy

Oct 15, 2020
Nigeria’s inflation hits 30-month high at 13.71%

Nigeria’s inflation hits 30-month high at 13.71%

Oct 15, 2020
Business Metrics

ENERGY

  • 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 due to COVID-19 and low crude oil price. Nigeria loses N1.06trn oil revenue target to COVID-19 – NNPC The NNPC’s Group Managing Director, Malam Mele Kyari, made the disclosure on Tuesday during...
    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 
  • Oct 19, 2020 Business Metrics 0

    Concerns mount as NNPC Group’s liabilities surpass assets by N4.4trn

    The liabilities of the Nigerian National Petroleum Corporation (NNPC) Group has exceeded the assets of the...
    Energy Featured 

GENERAL

Danbatta sues for peace as he visits Emir of Kano

Danbatta sues for peace as he visits Emir of Kano

Oct 24, 2020
Ferrari recalls 1,063 of its 812 Superfast model due to rear window glitch

Ferrari recalls 1,063 of its 812 Superfast model due to rear window glitch

Oct 23, 2020
UK shuts Visa Application Centres in Nigeria

UK shuts Visa Application Centres in Nigeria

Oct 22, 2020

STARTUPS & INNOVATIONS

  • 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 support communities, the youths as well as micro, small and medium-sized businesses. The bank disclosed this through its official LinkedIn page. It said the move was to support businesses following the crippling...
    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 
  • Credit Bureau Association of Nigeria (CBAN)
    Oct 13, 2020 Banjo Olaniran 0

    CBAN partners MSME Africa to host webinar to enlighten small businesses

    The Credit Bureau Association of Nigeria (CBAN) in collaboration with MSME Africa Online will be hosting...
    News SMEs 
  • Oct 2, 2020 Business Metrics 0

    FG inaugurates survival fund for 333,000 artisans, transporters

    The Federal Government, on Thursday, formally inaugurated the artisans and transport sector track of the N75bn...
    News 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

  • Oct 19, 2020 Omobayo Azeez 0

    NLC rejects airports’ concession plan, recommends alternatives

    The Nigeria Labour Congress (NLC) has written a letter to the President Muhammadu Buhari, disagreeing with the planned concession of four of the nation’s most viable airports. In the letter dated October 8, 2020 and signed by Ayuba Wanna, the NLC president, the congress warned the Federal Government...
    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 
  • Oct 8, 2020 Business Metrics 0

    Emirates resumes Nigerian flights, UAE begins visa issuance

    The United Arab Emirates has confirmed that it...
    Aviation News 

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 
  • nigeria at 60 president buhari's speech
    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 20, 2020 Banjo Olaniran 0

    More agriculture loans but longstanding bottlenecks remain

    By CSL analysts According to local media reports, the Minister for Agriculture, Sabo Nanono through an...
    Analyst Insight 
  • Oct 14, 2020 Banjo Olaniran 0

    Cybersecurity Assessment and the Zero Trust Model

    By Ed Moyle ___________ Over the past few years, the concept of “zero trust” architecture has...
    Analyst Insight ICT 
  • Stocks higher while acrimony rules
    Oct 13, 2020 Ambrose Omordion 0

    INFOGRAPHICS: The technical highlights & stock chart patterns

    By Investdata Analysts The technical highlights and chart patterns of this week’s market action The technical...
    Analyst Insight Capital Market 

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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