MTN Nigeria Posts N60b Interim Dividends

Nigeria's leading telecommunication company, MTN Nigeria has declared N60 billion as interim cash dividends to be distributed to shareholders, making it N2.95 per share for the first half of the year.

38.5 Million Bank Accounts Now Have BVN — NISS

In its effort to transform Nigeria's financial sector, Nigerian Interbank Settlement Scheme (NISS) disclosed on Friday 26th July 2019 that about 38.5 million bank accounts have been linked to the Bank Verification Number.
In a figure released by the NISS, Deposit Money Banks (DMBs) in Nigeria witnessed 1.7 million new BVN registrations in the past five months. This according to the NISS, represents 31 per cent of the total number of bank accounts, and 53 per cent of the total number of active bank accounts in Nigeria.

Nigeria And Siemens Reaches Agreement Over Electrification Roadmap

Nigeria and German company Siemens has agreed to a roadmap that will help the Nation increase Her power supply to 11,000 megawatts by 2023, President Muhammadu Buhari said on Monday. With this agreement, Nigeria will join the likes of Egypt and Iraq who signed a deal with the German company and got 98% increase electricity in two years. 

MSMEs Grew By 12% in 4 Years — SMEDAN, NBS Survey

Nigeria's economy is gradually on a positive trajectory as the number of Micro, Small and Medium Scale Businesses (MSMSB) in Nigeria grew by 12 per cent to 41.543 million in 2017 from 37.067 million in 2013. This was contained in the latest National Survey of Micro Small & Medium Enterprises (MSMEs) jointly conducted by National Bureau of Statistics (NBS) and Small and Medium Enterprises Development Agency of Nigeria (SMEDAN).

N145 Billion Worth of Bonds to be Auctioned July 24 – DMO

On Thursday, 18th July 2019, the Federal Government of Nigeria (FGN) through Debt Management Office (DMO) has offered for subscription by auction of N145 billion worth of bonds in its scheduled July 24, 2019 auction.
This offer was made known in a circular offer obtained from DMO's website stating that it would sell N40 billions of a five-year re-opening issue maturing in April 2023 at 12.75 per cent.

Minimum Wage: NLC, TUC Warn FG From Eminent Industrial Action

The Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) leadership have warned the federal government that they should do the needful to save the country from the verge of industrial action.

Earned Allowances: ABU Workers Shun SSANU Directive To Protest

The Ahmadu Bello University Chapter of the Senior Staff Association of Nigerian Universities (SSANU) has explained why it disregarded a directive from its national headquarters, requesting members to stage a public protest with respect to the sharing formula of the earned allowances.

​Nigeria's Apex Bank License New Banks

The Central Bank of Nigeria (CBN) had on Tuesday 23rd July 2019 expanded the Nation's banking space by issuing three new banking licenses to some Deposit Money Banks (DMB)With the additional licenses, the number of DMBsoperating in the country has increased to 23 from the previous 21.

Workers To Smile : As Buhari Orders Immediate Payment of The New National Minimum Wage

Emerging reports indicate that President Muhammadu Buhari has ordered the immediate implementation of the National Minimum of Wage of N30,000 monthly to all federal civil servants earning less than N30,000 monthly. This was disclosed by the Executive Chairman, National Salaries, Incomes and Wages Commission (NSIWC), Dr Richard Onwuka Egbule, at a press briefing in Abuja.

SEC To Clear Backlog Of Unclaimed Dividends

Acting Director General of the Securities and Exchange Commission, Ms Mary Uduk has disclosed that the agency is in collaboration with relevant stakeholders to sensitize investors on the need to regularize their multiple accounts. She opined that the move would enable them to claim their dividends on time.

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