Guaranty Trust Bank Plc (GTBank) has reported N3.89trillion total value of transactions on its Unstructured Supplementary Service Data (USSD) in 2020. This is an increase of 9.4 per cent to N3.55trillion reported in 2019. The breakdown revealed that N261.08billion worth…
United Bank for Africa Plc has carved a niche for itself and continues to stand out as the leading Pan-African financial institution, consistent in introducing numerous first rate innovative products with customer satisfaction in mind. To this end, the bank…
UAC of Nigeria Plc has reported N3.93billion profit in 2020 audited results for period ended December 31, 2020 from a loss of N9.3billion reported in 2019. The company’s reported profit before tax of N5.12billion in 2020, 31 per cent decline…
Power generation companies were not paid 59.17 per cent of the invoice issued last year for the electricity produced and fed into the national grid. The government-owned Nigerian Bulk Electricity Trading Plc buys electricity in bulk from generation companies through…
The Central Bank of Nigeria (CBN) has said the nation’s foreign reserves dropped by $177.million or 0.51 per cent in March to $34.82billion from $34.99billion it opened in the month under review. In 2021, the foreign exchange buffer dropped by…
By Idris Bakar The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has said that robust digital infrastructure and literacy are key to reaping the transformational benefits of Information and Communication Technology (ICT) across public…
The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has advocated the use of artificial intelligence to predict security threats and proffer solutions. Akinwuntan who made this assertion at a webinar themed, “Cyber threat Landscape: Financial services, 2021 and beyond,”organised by Information…
The Institute of Chartered Accountants of Nigeria (ICAN), has charged accounting professionals in the country to promote integrity and accountability, in the discharge of their duties. ICAN President, Mrs Onome Adewuyi made the call on Sunday, in Abuja, during a…
By Ogaga Ariemu, Abuja Following the quick intervention of Minister of Communications and Digital Economy, Dr Isa Pantami, Banks have restored MTN’s USSD services across platforms. This was contained in a tweet made on Sunday by Dr Pantami, notifying subscribers…
The Minister of Communications and Digital Economy, Dr Isa Pantami, has presented cheques amounting to N125m to four entrepreneurs and innovators adjudged winners of Jaiz Bank’s COVID-19 challenge competition. According to a statement issued on Thursday, the competition is part…
