Following the registration of a N30 billion debt issuance programme with the Securities and Exchange Commission of Nigeria, Interswitch Limited, a leading technology-driven company focused on the digitisation of payments in Nigeria and other African countries, has successfully concluded a N23 billion Series 1 Fixed Rate Senior Unsecured Callable Bonds
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Anietie Udobit, AbujaPresident Muhammadu Buhari has left Abuja for Saudi Arabia to attend Economic Forum of the Future Investment Initiative (FII) in Riyadh.The President and his close aides’ convoy left the forecourt of the Presidential Villa, Abuja on Monday around 1.25pmHe is expected back in the country by 17th
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The Competition Authority of Kenya gave Nigeria’s biggest lender the go-ahead to acquire 93.57% of Transnational Bank Ltd., as consolidation in the East African nation’s banking industry gathers pace.Access Bank Plc’s purchase follows the merger of NIC Group Plc and Commercial Bank of Africa Ltd., and KCB Group Ltd.’s acquisition of National Bank of
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Federal High Court in Lagos has fixed Nov. 5 for hearing in a suit filed by a Nigerian Musician, Olumuyiwa Danladi a.k.a Danny Young, against fellow Music star, Tiwatope Savage, over alleged copyright infringement.In the suit, labelled FHC/L/CS/230/2019 and pending before Justice Mohammed Liman, Young is claiming N205 million in damages against Savage for allegedly,
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The giant Telecom company, MTN Nigeria, yesterday confirmed that it has suspended its plan to implement charges on the Unstructured Supplementary Service Data (USSD) code being used for bank transactions.The suspension came on the heels of the directive given by the Minister of Communications, Dr. Isa Pantami, calling on the Nigerian Communications
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Mizani, a professional haircare brand focused on textured hair from the L’Oreal Group, yesterday, launched its Salon Expert program at an event that was held at the Radisson Blu hotel, Victoria Island Lagos.With over 100 salon owners in attendance, the program also provided an opportunity to introduce the new Mizani and L’Oreal Distribution partners
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The Nigerian Communications Commission (NCC) has notified mobile phone users that it has granted approval for the partial disconnection of Globacom (Glo) from the network of Airtel Nigeria, due to non-payment of interconnection charges. As a result, subscribers on the network of Glo will no longer be able to make calls to Airtel but
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Commercial banks on Monday denied instructing MTN to deduct charges for USSD.In an advertorial, the lenders, acting under the aegis of Body of Bank CEOs said its attention had been drawn to a text message sent by the telco concerning the issue.“Our attention has been drawn to SMS sent on Saturday 19th October by
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The Minister of Finance, Mrs Zainab Ahmed says the Federal Government has secured a $3bn loan from the World Bank.According to the Finance Minister, the loan is to be used for reforming the nation’s power sector.Mrs Ahmed who announced the approval of the loan at a news conference to wrap up the
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Anietie Udobit, AbujaPresident Muhammadu Buhari Monday afternoon left Abuja for Sochi, Russia, ahead of the Russia-Africa Summit.In the official Nigeria Presidency twitter, it reads “In Russia, he will meet with President Putin, and also attend an African Business Forum, which will bring together African and Russian business leaders”. The event will
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