PBA Reporter

Stock market closes on negative note as investors take profits in banking

The Nigerian Stock Market last week closed on a negative note as investors took profits in oil and gas, banking and consumer goods stocks. Primebusiness.africa can report that the market incurred losses of a sum of N12.58bn. The All-Share Index of the

November 8, 2021

Business

Nigeria Records $10.1b Investment Announcement – Minister

Otunba Adeniyi Adebayo, Minister of Trade and Industry, has disclosed that Nigeria’s economy recorded $10.1billiom investment announcement which was a-100 per cent increase over that of last year. Adebayo made this known at Lagos International Trade Fair, held at the Tafawa Balewa Square,

November 8, 2021

Business

Pensioners Asked to Allow Operators to Manage 75% of Retirees’ Balance

Pensioners have been asked to support pension managers and allow them to manage the remaining 75 per cent of their Retirement Savings Accounts when they retire in order to guarantee them regular monthly payments. The Managing Director/Chief Executive Officer, IEI Anchor Pensions

November 8, 2021

Finance & Economy

100 for 100 Policy: CBN Fixes N5bn Maximum Loan Limit

The Central Bank of Nigeria (CBN) has fixed N5bn maximum loan limit on its newly introduced initiative, known as ‘The 100 for 100 PPP – Policy on Production and Productivity’. The CBN made this known in its guidelines for the implementation of

November 8, 2021

Business

MTN, Airtel Receive Approval to Operate Payment Service Bank

MTN Nigeria and Airtel Africa Plc have received approval in principle to operate a Payment Service Bank (PSB) in the country. The two leading telcos disclosed in regulatory filings on the Nigerian Exchange Limited (NGX) on Friday, November 5. PSB operators provide

November 5, 2021

Business

POS Transactions in Nigeria Drop to N552.3 Billion in October

POS transactions in Nigeria dropped marginally by 0.74% to N552.26 billion in October 2021 compared to N556.36 billion recorded in the previous month. This was contained in a Nigeria Inter-Bank Settlement System (NIBSS‘) latest report as that occurred despite a 33.6% increase

November 5, 2021

Business

Doroki in Partnership with Paga, Visa to Transform Transaction of SMBs

Doroki, a platform focused on digitizing small-to-medium businesses,announces the launch of Business Connect and Grow – a transformational suite of digital tools for small-to-medium businesses (“SMBs”) in partnership with Visa, and Paga. The Business Connect and Grow platform will initially be focused

November 5, 2021

Finance & Economy

Banks to stop accepting old £20, £50 notes Dec 31

Deposit Money Banks in Nigeria have disclosed that December 31, 2021 is the deadline for the acceptance of old £20 and £50 notes to enable proper conclusion of cash evacuation. Fidelity Bank Plc, in an email to its customers on Wednesday titled

November 4, 2021

Technology

Facebook Deletes Ethiopia PM’s Post That Urged Citizens to ‘Bury’ Rebels

Facebook has removed a post from Ethiopia’s prime minister for violating its policies against inciting violence. On Sunday, Abiy Ahmed called on citizens to take up arms to block the advance of the rebel Tigray People’s Liberation Front (TPLF). The TPLF has

November 4, 2021

Finance & Economy

FEC Okays N33.8bn for Installation of Baggage Handling, Others at Lagos, Abuja Airports

The Federal Executive Council (FEC) led by Vice President Yemi Osinbajo has approved the sum of N33.8bn for the installation of baggage handling systems, Disabled Aircraft Recovery System and total radar coverage modernisation for the Lagos, Abuja airports and the Nigeria Airspace

November 4, 2021

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PBA Reporter

Stock market closes on negative note as investors take profits in banking

Nigeria Records $10.1b Investment Announcement – Minister

Pensioners Asked to Allow Operators to Manage 75% of Retirees’ Balance

100 for 100 Policy: CBN Fixes N5bn Maximum Loan Limit

MTN, Airtel Receive Approval to Operate Payment Service Bank

POS Transactions in Nigeria Drop to N552.3 Billion in October

Doroki in Partnership with Paga, Visa to Transform Transaction of SMBs

Banks to stop accepting old £20, £50 notes Dec 31

Facebook Deletes Ethiopia PM’s Post That Urged Citizens to ‘Bury’ Rebels

FEC Okays N33.8bn for Installation of Baggage Handling, Others at Lagos, Abuja Airports

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