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Nigerian lenders pick Barclays to find new investors for 9mobile -sources

19/10/2017/Reuters Nigerian lenders have picked Barclays to try to find new investors for debt-laden 9mobile, two banking sources said on Thursday.  The sources also said the central bank had asked… Read more »

CBN warns financial institutions against exploiting customers

20/10/2017/Punch Sodiq Oyeleke  The Central Bank of Nigeria has asked operators of microfinance banks and other financial institutions in the country not to engage in exploitative activities. The CBN said… Read more »

PayPal tops profit estimates, lifts target on mobile payments growth

20/10/2017/Reuters Anna Irrera, Diptendu Lahiri Sharp growth in mobile payments led PayPal Holdings Inc (PYPL.O) to report a better-than-expected third-quarter profit on Thursday and lift its guidance for earnings through… Read more »

SEC Appoints Deloitte to Lead Forensic Audit of Oando as Firm’s Shares are Suspended on JSE

Culled—Thisday 20/10/2017 Market welcomes action Goddy Egene In furtherance of its resolve to carry out a forensic audit of Oando Plc, the Securities and Exchange Commission (SEC) has revealed that… Read more »

Kabiru Rabiu tops “Choiseul 100 Africa” 2017 list of future African Business Leaders

Culled—Proshare October 20, 2017/BUA Release  Kabiru Rabiu, Group Executive Director of Nigeria’s leading conglomerate, BUA Group, has been ranked second, only after Egyptian, Basil El Baz, on the ‘Choiseul 100… Read more »

Enhancing Broadband Penetration

Culled—Proshare October 20, 2017/FBNQuest Research  The latest data released by the NCC, the industry regulator, show that internet subscriptions stood at 92.2 million in August, representing a y/y contraction of… Read more »

How FG, States Will Collaborate to Industrialize Nigeria

October 19, 2017/Press Release *NEC forms Governors’ Committee of 6 to work with Industrial Policy & Competitiveness Advisory Council Both the Federal Government and State governments would be working together… Read more »

Mastercard and The Clearing House Partner on Tokenization Solution

October 19, 2017/Mastercard Today, The Clearing House (TCH) and Mastercard announced they are partnering to enable TCH to provision and manage Mastercard-branded tokens on behalf of banks. The partnership with… Read more »

Stocks Appreciate Marginally 0.01% ON Gains in Consmer, Industrial Goods Counters

October 19, 2017/InvestmentOne Research Please click to download the Market Report for Thursday 19th October 2017 EQUITIES:   The equities market marginally gained +0.01% to close at 36,645.65pts after two consecutive days… Read more »

Johannesburg Stock Exchange Also Suspends Trading Of Oando Shares

October 19, 2017/The Will By Ugochukwu Ugwuanyi Barely a day after the Nigerian Stock Exchange, NSE, suspended trading on the shares of Oando Plc, the Nigerian oil company on Thursday… Read more »