The Board of Directors of First City Monument Bank (FCMB) Group Plc has announced the appointment of Yemisi Edun as the Managing Director (MD) of FCMB Limited. This announcement is after the end of service of the bank’s former Managing Director, Adam Nuru. The Board had earlier reviewed media allegations made in late 2020 against […]Read More
Millions of telecommunications subscribers were stranded on Friday as commercial banks disconnected MTN customers from banking channels including the Unstructured Supplementary Service Data and banking apps. MTN has 77.35 million subscribers, according to latest industry statistics from the Nigerian Communications Commission. MTN customers complained on Friday about being unable to recharge their MTN lines using […]Read More
The Corporate Affairs Commission has said that it may be left with no choice but to destroy the certificates and documents which have been unclaimed by their owners. The certificates and documents were sent by the CAC through courier services in line with the Federal Government Regulation on COVID-19. In a statement signed by the […]Read More
Governor of Central Bank of Nigeria, Godwin Emefiele, Minister of Communications, Dr Isa Pantami, and the Executive Vice Chairman of the Nigeria Communications Commission, Prof Umar Danbatta, will on Monday meet banks and telecoms operators over threat by telcos to disconnect Unstructured Supplementary Service Data to banks today. The Federal government had directed Mobile Network […]Read More
Telecom operators in Nigeria on Friday announced that they will stop the use of Unstructured Supplementary Service Data (USSD) by banks and other financial institutions in the country by Monday. This is due to an unresolved dispute over a N42 billion debt allegedly owed the telcos. The Association of Licensed Telecommunications Operators of Nigeria […]Read More
The Commissioner for youth and sports in the State of Osun, Hon. Yemi Lawal, has engaged some young business owners in Osogbo, the state capital in its continuous bid to support youths in business as well as Small and Medium Scale Entrepreneurs. In a statement posted on the official Facebook page of the Commissioner, he […]Read More
The Central Bank of Nigeria has revoked the operating licences of seven payment services providers. The CBN disclosed this on Thursday in a report titled ‘Revocation of operating licences of some payment service providers’. The affected firms are Easifuel Limited, Transaction Processing System, Grand Towers Limited, Paymaster Limited, E-Revenue Gateway Limited, Eartholeum Network Limited, and […]Read More
The National Assembly on Monday passed the 2021 Appropriation Bill, raising the total estimates from the proposed N13.08tn to N13,588,027,886,175, an increase of over N500bn. The President, Major General Muhammadu Buhari (retd.), had on October 8, 2020, laid the money bill before a joint session of the National Assembly. Both the Senate and the House […]Read More
The Governor of the State of Osun performed the ground breaking of the Osun Ethanol Bio-Refinery factory which is situated in Ayekale, Boripe local government area. “In fulfilment of our promise to reposition the State’s economy and deliver prosperity to our people, I, this afternoon, performed the groundbreaking of Osun Ethanol Bio-Refinery Factory, located in […]Read More
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