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Category: Finance

Telecom

MTN Nigeria Plc post 786 billion naira profit for Q2 2024

MTN Nigeria posted a pre-tax loss of N175.6 billion for the quarter (Q2 2024) showing a 38% improvement from the N282.3 billion naira loss posted in Q2 2023.

31 July 2024 No Comments

9Mobile LH Telecommunications

Telecom

Telecom’s giant 9Mobile acquired by LH Telecommunications

this new deal will actualize the ownership and control of 95.5% of 9Mobile to LH Communications, a new investor which plans to commit more funds into the development

30 July 2024 No Comments

Banks AI

Banking

Banks and telecom companies to leverage AI for service delivery

Banks, telecoms, discos, and other industries in Nigeria are leveraging AI to increase productivity and maximize profits

29 July 2024 No Comments

Oando Agip Oil

Oil Sector

Oando Announces Approval For Acquisition of Agip Oil Shares

On September 4, 2023, Oando Plc announced the agreement with ENI for the acquisition of the Nigerian Agip Oil Company

27 July 2024 No Comments

FCMB Group Profit

Banking

FCMB Group declares N374.5 billion profit in first half of 2024

The micro-lending wing of FCMB Group, Credit Direct Ltd, declared a revenue of N16.5 billion and a profit of N3.9 billion.

26 July 2024 No Comments

Economy

MAN Urges Regulatory Agencies to desist from demarketing products

MAN emphasized the need for regulatory agencies to promote Nigerian investments and create a supportive business environment rather than a harsh one

25 July 2024 No Comments

New Finance Bill

Foriegn Exchange

Nigeria Passes New Finance Amendment Bill Into law

the new finance bill was a proposal mandating banks to turnover as high as 50% of their profits from foreign exchange operations as tax to the federal government

24 July 2024 No Comments

NNPC Dangote

Economy

NNPC/Dangote quarrel hurting Nigeria’s business landscape in the global arena

Heineken Lokpobiri, summoned Dangote and the NNPC leadership to a meeting yesterday aimed at resolving the differences between Dangote and the union of oil markets in Nigeria.

23 July 2024 No Comments

Nigeria Meta data

FG

Nigeria government fines Meta $220 million for data privacy breach

Nigeria FCCPC has fined Meta (parent company of Facebook, WhatsApp, and Instagram) $220 million for violating user data privacy policies.

22 July 2024 No Comments

CBN Guidelines

CBN

CBN Updates Guidelines for Managing Dormant Accounts and Unclaimed Balances

The CBN emphasized that these new guidelines take precedence over the previous guidelines issued in October 2015

20 July 2024 No Comments

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