Nigeria Succumbs, Reduces Visa Fees For Americans

The Federal Government has approved a reduction in visa charges payable by United States citizens from $180 to $150. The Minister of Interior, Rauf Aregbesola, explained on Wednesday that the Comptroller General of Nigeria Immigration Service, Muhammad Babandede, had been directed to implement the reduction with effect from Thursday (today). Click here for more.

Nigeria Fears Fiscal Crisis as Debts Take Big Slice of Revenue

Africa’s largest oil producer could run out of money if it doesn’t boost revenues urgently. Nigeria’s President Muhammadu Buhari warned that the country could struggle to fund its expenses unless it’s able to raise the tax take after querying the revenue chief over poor collections. Click here for more.

Lessons for Nigeria Air as Uganda revives national carrier

Nigeria’s quest to float a new national carrier can draw some lessons from Uganda that has within a short period relaunched its national carrier.The Uganda Airlines was liquidated in 2001, some three years before Nigeria Airways also bit the dust. Click here for more.

Nigeria risks poor Internet connectivity over slow IPv6 migration

The slow adoption of Internet Protocol Version Six (IPv6) in Nigeria and other parts of Africa may impact negatively on the quality of service offered in the region. This is also expected to affect region’s network integrity and capacity. Global adoption figures show that Africa. Click here for more.

NSEASI Inches Up Marginally By 0.02% As Market Breadth Closes Flat

Equities market closed yesterday on a positive note, as NSEASI appreciated by +0.02% to close at 27,607.02 points as against -0.32% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -12.16%.  Click here for more.

MPC members raise concerns over FG, states’ debts

Some members of the Monetary Policy Committee of the Central Bank of Nigeria have expressed concerns over the rising debts owed by the Federal Government and states in the country. Click here for more.

Stanbic IBTC declares N10.4 billion interim dividend 

Stanbic IBTC Holdings Plc has declared an interim dividend of N1.00 per ordinary share of 50 kobo each, amounting to N10.4 billion. The dividend, which is subject to deduction of appropriate withholding tax and regulatory approval, will be paid to shareholders whose names appear in the Register of Members as at the close of business on Wednesday, September 4, 2019. Click here for more.

GTBank’s Segun Agbaje shares his thoughts on CBN’s loan policies

Nigerian billionaire and Chief Executive Officer of Guaranty Trust Bank Plc, Segun Agbaje, granted an interview to Arise TV earlier today during which he shared his thoughts on the various moves by the Central Bank of Nigeria (CBN) towards ensuring that banks lend more to the real sector of the economy. Click here for more.

GTB, UBA, others near one-year low on NSE

The persistent bearish performance of stocks at the Nigerian Stock Exchange in recent times has seen prices of large cap stocks decline rapidly dropping to one-year low levels and two-year low levels in some cases. Click here for more.

IFC transfers Ecobank shares to Arise BV

International Finance Corporation has announced the completion of its divestment from Ecobank Transnational Incorporated. Ecobank had earlier notified the NSE and its stakeholders that the IFC and the funds managed by the IFC Asset Management Company were in discussions to dispose of their shareholding to Arise BV. Click here for more.

MTN Unveils Mobile Financial Services Subsidiary

MTN Nigeria is set to unveil its new subsidiary, Y’ello Digital Financial Service Limited and mobile money services today. The telco registered the new subsidiary with the Corporate Affairs Commission in 2018 and obtained a super-agent licence from the Central Bank of Nigeria in July. Click here for more.