Analyst sees mixed chances of twist in economic plot in Nigeria in Q4
Aderemi Ojekunle
September 30, 2020
Says further inflationary pressure and policy rates cut might be inevitable to pull surprises Charles Abuede Nigeria’s missionary journey into the fourth quarter of a year that has been heavily laden with economic uncertainties, domestically and internationally, could result in more twists from what has ensued in the previous quarters of pre-COVID-19 and at a […]
Former CIBN president wants Nigerian banks to promote export, import substitution
Charles AbuedeSeptember 30, 2020
Can diversify forex earnings base To keep forex in-country Helps institutionalize management of reserves Charles Abuede A former president of the Chartered Institute of Bankers of Nigeria (CIBN) has challenged Nigerian banks to concentrate their activities on the promotion of exports and import substitution for the purpose of keeping foreign exchange in the country and […]
COVID-19 shifts consumer behaviour significantly to favour online payments, but there’s still work to do — Flutterwave
Aderemi OjekunleSeptember 30, 2020
Saviour Adugba The COVID-19 pandemic might have significantly changed consumer behaviour to favour online payments, but there is a still a lot of work to do to get more people onboard, executives of Flutterwave, a Nigerian-owned payments processing company have said. This assertion was made when executives of Flutterwave answered questions fielded by Business A.M […]
Edo looks to develop University of Benin with road dualization, power project
Onome AmugeSeptember 30, 2020
Onome Amuge The Edo State government is looking to develop the federal-owned University of Benin through the dualisation of Ekehuan Road and the Ossiomo independent power plant projects currently ongoing, the just re-elected Governor Godwin Obaseki has assured. Obaseki said that his administration is committed towards ensuring the university community benefits from the ongoing dualisation […]
Significant shift from cash to digital payments a gradual process, say Flutterwave executives
Saviour AdugbaSeptember 30, 2020
In a lot of ways, the COVID-19 pandemic has thrust forward the importance of online and digital payments and brought to more public familiarity technology payment facilitating companies. Flutterwave, one of the leaders in the payment technology space in Africa, helps provide banks and businesses with seamless and secure payment experiences for their customers “We’ve […]
Nigeria launches Digital Nigeria portal, mobile app to help Nigerians develop digital capacity
Saviour AdugbaSeptember 29, 2020
The Ministry of Communications and Digital Economy has launched a Digital Nigeria portal and mobile app as part of its ongoing drive to boost digital literacy in the country, and to empower more Nigerians to solve problems using digital tools. Isa Pantami, minister of communications and digital economy at the launch of the platforms said: […]
Funding R&D critical to meeting customers needs, says NCC chief
Aderemi OjekunleSeptember 29, 2020
Providing funding for research and development is pivotal to making sure that customers’ needs are met, Umar Dambatta, executive vice chairman (EVC) of the Nigerian Communications Commission has stated. At the inauguration of a 15-man evaluation committee tasked with the assessment of research-based proposals received from members of the academia in Nigeria’s higher institutions, […]
NITDA chief says digitization of government processes curbs corruption
Saviour AdugbaSeptember 29, 2020
Saviour Adugba The digitization of governmental processes helps to curb corruption practices, Kashifu Inuwa Abdullahi, the director-general of the National Information Technology Development Agency (NITDA) has said. Abdullahi made the claim while delivering a goodwill message at the 2nd National Summit of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) with the theme, […]
Uzodinma scores 40% in governance after 9 months in office
Aderemi OjekunleSeptember 29, 2020
Ben Eguzozie in Port Harcourt Governor Hope Uzodinmaof Imo State has been scored an appalling 40 per cent performance in the governance of the Eastern Heartland state, which under his watch currently enjoys an unenviable status of having the highest unemployment rate among Nigeria’s sub-nationals. Shadow Government, a pressure group with the target for good […]
Sterling Bank goes HoldCo to restructure on ‘social capitalist’ model as CBN gives A-in-P
Charles AbuedeSeptember 29, 2020
Charles Abuede Sterling Bank Plc is joining the league of Nigerian banks that have elected to operate under a holding company arrangement following an approval-in-principle (A-in-P) by its principal regulator, the Central Bank of Nigeria (CBN). The HoldCo arrangement comes as the bank moves to restructure its business to accommodate its expanded operations that have […]