Agege Bread Takes London By Surprise

Agege Bread Takes London By Surprise

The entrepreneurial savvy of the average Nigerian is not to be taken for a joke or trifled with. When our correspondent came across an Agege Bread shop in London, he was stuck in disbelief. Undoubtedly Agege Bread has infiltrated the cosmopolitan city of London. Agege Bread is a loaf of bread made popular by the […]

Nigeria $10 Billion ‘Hot Money’ Not Posing a Threat

Nigeria $10 Billion ‘Hot Money’ Not Posing a Threat

Nigeria’s financial system is not under threat from speculative investments valued at about $10 billion, Central Bank of Nigeria Governor Lamido Sanusi said. Nigeria would still have $36 billion in reserves if the investments left the country, Sanusi said today at a conference in Abuja, the capital. High interest rates have kept inflation below forecast, […]

Universal Banking: 6 Banks Get Deadline Extension

Universal Banking: 6 Banks Get Deadline Extension

The Central Bank of Nigeria (CBN) said it has extended the deadline for six banks to comply with the new banking model which compels banks to either sell off their non-banking interests or adopt a holding company structure. According to the apex bank, six banks had applied and obtained the extension of the December 2012 […]

Banks To Stop ATM Charges On Withdrawal

Banks To Stop ATM Charges On Withdrawal

  BY UDEME CLEMENT The commercial banks doing business in Nigeria  may lose  millions of naira to the new regime stopping them from charging customers N100 for using Automated Teller Machines (ATM) per transaction. Under the outgoing regime, a customer using the ATM of another bank is charged N100 per transaction. The banks, under the […]

TECNO partners Airtel, Qualcomm to unveil 3G Android smartphone

TECNO partners Airtel, Qualcomm to unveil 3G Android smartphone

TECNO today announced it has partnered with leading Telecommunications Services Provider, Airtel Nigeria and Qualcomm, to introduce its latest range of Dual SIM 3G Android smartphone known as N3 in Lagos. The device, which is specially designed to excite and engage Nigerian youth will be retailing at an estimated price of N13, 500 in the […]

Firm provides affordable homes for workers

  Kingdom Realties Limited, an indigenous firm, has offered to develop estates owned by employees of cooperative societies across the country on an interest-free mortgage plan. The company said it took the decision in order to help reduce the housing deficit in the country and also gave assurances that beneficiaries of the unique opportunity would […]

Nigeria to get direct flights to Pakistan

Nigeria to get direct flights to Pakistan

Nigeria and Pakistan may soon commence direct flights, going by the ongoing talks between both countries. President Goodluck Jonathan and his Pakistani counterpart, Asif Zardari, on Wednesday held bilateral talks in Islambad, Pakistan. Jonathan departed Abuja Tuesday night for Islamabad to attend the summit of Heads of State and Government of the Group of Eight […]

Nigerian firms lured by London

Nigeria might be trying to lure local companies into listing on its stock exchange, with flotation activity set to increase – but it’s not the only one. London is stepping up its efforts too for listings in tandem. As the Nigerian Stock Exchange (NSE) scrambles to regain the ground it lost after the equities bubble […]

Nigeria switches to automated flight plans

Nigeria switches to automated flight plans

The Managing Director, Nigerian Airspace Management Authority (NAMA), Mr. Nnamdi Udoh, said Nigeria will change from the analogue method of preparing flight plans to automated system on Thursday. He said this at a stakeholders’ forum on the implementation of the new International Civil Aviation Organisation (ICAO) flight plans in Nigeria. “From Thursday Nigeria will join […]

No more lotteries, promos by telecom operators – NCC

No more lotteries, promos by telecom operators – NCC

Regulator of the telecoms sector, the Nigerian Communications Commission (NCC), yesterday banned telecoms operators from running promos and lotteries. It attributed network congestion to the promos. Director, Public Affairs of the commission, Tony Ojobo in a statement, lamented that the commission has, in recent times’ been inundated with complaints from consumers, and others against the […]