The Nigerian National Petroleum Corporation has signed a deal worth $3.15bn Financing and Technical Services Agreement between Sterling Oil Exploration and Energy Production Company Limited (SEEPCO) and the exploration and production arm of NNPC, the Nigerian Petroleum Development Company (NPDC),…
The Central Bank of Nigeria (CBN) has issued operating license to three new banks to operate in the country. The new banks issued license are Titan Trust Bank Limited, TAJ Bank Limited and Globus Bank Limited. According to the apex…
The Lagos Chamber of Commerce and Industry, LCCI, has commended the new lending policy for deposit money banks which prescribes a minimum Loan Deposit Ratio of 60 per cent effective 30th September 2019, describing it as a move in the…
Access Bank Plc has once more received honours at the 2018 Karlsruhe Sustainable Finance Awards in Germany as the bank emerged winner across two categories. This recognition came, barely 24 hours after the bank bagged the Euromoney Awards for Excellence…
Euromoney, a financial information company based in Europe, has named Guaranty Trust Bank plc the best bank in Africa. The bank got the honour at the 2019 edition of the annual awards of Euromoney which held in London on Wednesday.…
Uber is planning to introduce a boat service in the city of Lagos. The global ride-hailing company made its plan known through it’s Chief Business Officer, Brooks Entwistle who was in Lagos this week. Entwistle said the company is in…
Adewale Tinubu, embattled chief executive officer of Oando Plc, has obtained a court injunction against the Securities and Exchange Commission (SEC). According to court papers seen by TheCable on Monday, Tinubu filed an application before the federal high court in…
Within a four-year period covering 2014 to 2018, over $1bn was lost by the country to Micro, Small and Medium Enterprises-related corruption, a report released on Wednesday in Abuja has revealed. The report titled “Stolen dreams: How corruption negates government…
Kobo360, the African technology logistics platform, has launched a new app built to boost speed and efficiency in the transportation market. Developed to ensure transparency is at the core of the platform, with a suite of unique product features, the…
The Top10 magazine, Nigeria’s foremost monthly publication has released the list of Nigeria’s top 10 philanthropists, under the title, “Top 10 Philanthropists behind Nigeria’s Largest Private Foundations”. In the latest edition of the magazine which looks at the stakes and…
