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Etisalat Nigeria changes name to 9Mobile

Troubled network provider, Etisalat Nigeria, Thursday sustained its march towards turning around its fortunes with the adoption of 9Mobile as its new brand identity.... Read more


Etisalat: Banks may demand investigation of $1.2b loan

Strong indications emerged on Wednesday that consortium of 13 banks, involved in Etisalat Nigeria’s 1.2 billion dollars loan is seeking the Federal Government’s intervention to investigate the management.... Read more


Etisalat Takeover: NCC assures subscribers of network’s integrity

Amid the move to takeover of Etisalat by a consortium of banks, the Nigerian Communications Commission (NCC) has assured subscribers that the network’s integrity would not compromised.... Read more


Dangote sells noodles firm to Indomie noodles maker, Dufil Prima Foods

Dangote Flour Mills has exited the noodles business and sold its assets to Dufil Prima Foods, makers of Indomie noodles, saying it no longer consider it as strategic.... Read more


CBN reintroduces charges on cash deposits, withdrawals

The Central Bank of Nigeria on Thursday announced the reintroduction of bank charges on certain categories of cash deposits and withdrawals.... Read more


MMM Nigeria sets fund withdrawal limit for participants

Operators of Mavrodi Moneybox Mundial (MMM) Nigeria have set a temporary fund withdrawal limit for its participants as the level of investment in the alleged Ponzi scheme dipped since its return from a one-month hiatus on January 13.... Read more


Nigeria’s CBN may legalise use of Bitcoin for transactions

Alhaji Umaru Ibrahim, the Managing Director, Nigeria Deposit Insurance Commission (NDIC), on Friday said the commission and CBN had set up a committee to look into the trending digital currency, Bitcoin.... Read more


MMM founder accuses media of causing panic among participants

As subscribers await the resumption of operations of Mavrodi Moneybox Mondial (MMM) Nigeria in January 2017, the founder of the Ponzi scheme Sergey Mavrodi has accused the Nigerian press of deliberately "fueling hysteria around MMM and causing panic."... Read more


MMM denies crash report, says scheme still alive

The operators of Mavrodi Mondial Moneybox (MMM) in Nigeria have denied reports that the reports that the alleged Ponzi scheme has crashed.... Read more


MMM founder writes Nigeria government, says scheme not a scam

Against the backdrop of persistent warnings from government organs to Nigerians against participating in the Mavrodi Mondial Moneybox, the founder of the scheme said the alleged Ponzi was not a scam.... Read more


CBN warns banks against charging double digit interest rates

The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has warned Participating Financial Institutions (PFIs) in the country against charging double-digit interest rate on intervention funds guaranteed by the CBN.... Read more


Clamp down on BDCs forces forex transaction underground

Foreign currencies transaction at the Bureau de Change (BDC) segment of the foreign exchange market has been stifled since the clamp down on the operators by security agencies.... Read more


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Flood kill 10 year-old-boy, displace 2,000 people in Katsina state
A 10-year-old boy has lost his life while over 2,000 people have been displaced by a flood disaster that ravaged Kaita town, in Kaita Local Government....
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Pensioners protest non-payment of arrears, barricade road in Benin
Pensioners in Edo on Monday barricaded popular Oba Ovonramwen Square in Benin for several hours over non-payment of gratuities and pension a....
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Court dissolves 21-year-old marriage over sex starvation in Ibadan
A Mapo Customary Court, Ibadan, on Monday dissolved the 21-year-old marriage, between one Babatunde Olasupo and his wife Shakirat, over starvation of ....
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18 dead, 18 people missing in China flooding
Flooding in Chinas northeast has left 18 dead and 18 missing, state media said Monday, after the latest deadly deluge to hit the country this summer.
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EU allocates 700m euros to develop sustainable energy in Nigeria
The European Union (EU) says it has so far committed over 700 million euros for the development of sustainable energy in Nigeria and other ECOWAS coun....
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Court papers show how Aluko, Omokore allegedly laundered stolen NNPC’s $1.76b
Court papers in Lagos Nigeria have detailed how oil businessmen, Kolawole Akanni Aluko and Jide Omokore laundered the $1.7 billion creamed off the que....
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