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BVN Registration: UBA Launches Short Code *919*6# For Customers

United Bank for Africa (UBA) Plc has launched the short code *919*6# for their customers who have already registered for the Bank Verification Number (BVN) in other banks to submit their numbers to it using the same phone with which the number was registered with other banks. The bank on …

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NCC: Plot To Renew Eugene Juwah’s Tenure Backfires

Expectations from some quarters that Dr. Eugene Juwah, Executive Vice Chairman/Chief Executive Officer, Nigerian Communications Commission (NCC), would continue in office for another five years as Nigeria’s telecommunications chief regulator is set to be dashed following fresh revelations of the illegalities perpetrated in the quest to give him a second …

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Ahmad Farroukh, MTN S’Africa CEO, Resigned

MTN Group on Monday announced the resignation of Ahmad Farroukh, Chief Executive Officer, MTN South Africa. According to the mobile telecommunications service provider, Farroukh’s resignation will take effect from July 31, 2015. “This was a difficult decision to take for Ahmad, but unavoidable due to personal and family reasons,” says …

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Airtel Raises $1.3bn From Mobile Towers Sales

Bharti Airtel said it has raised $1.3 billion from the sale of its mobile towers in five African countries by Helios Towers, IHS Plc and American Tower Company. The proceeds will go towards reducing the $10 billion debt incurred on its African operations in 2010. Last month, Airtel said a …

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CBN Defends Selective Forex Restrictions

The Central Bank of Nigeria (CBN) has defended its decision to stop the use of foreign exchange for the importation of certain specific goods. In a statement by the CBN Director of Corporate Communications Ibrahim Mu’azu in Abuja on Friday, CBN said it took the decision because it was important …

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It’s Shameful Nigerians Go To Bank Their Money Abroad – Dangote …Aliko Dangote warns about the worst mistake a businessman can make

Media men had a piece of Aliko Dangote last weekend. And when they were done, many appreciated why he is one of the richest men in the world. In an interactive session with senior editors, Dangote discussed the state of the nation while explaining some details about his businesses that …

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Bank Verification Number Registration: CBN Extends Deadline To Oct. 31

The Central Bank of Nigeria (CBN) has extended the registration for the Bank Verification Number (BVN) for all customers till October 31, 2015. Chaos ruled in most banks’ premises on Monday as hundreds of customers besieged banks to beat the June 30, 2015 deadline for the BVN registration which was …

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CWG’s 2.0 Business Model Yields Fruit In H2 2015 –Okere

Mr. Austin Okere, Founder and Chief Executive Officer of Computer Warehouse Group (CWG) Plc, has said that the company’s subscription business, which was conceived five years ago, has begun to yield fruits since the business initiative took off. Okere, who disclosed the development during his speech at the 10th Annual …

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Greece Teeters On Brink: EC Makes Last-ditch Offer To Avoid Greek Default

Mr Jean-Claude Juncker, President of European Commission has made a last-ditch offer of aid to Greece in an effort to head off a looming default. At the same time, Greece’s finance minister has threatened legal action against the EU. News agencies on Tuesday cited unnamed European Union and Greek government …

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Nigeria’s External Debt In March Was $9.4bn — DMO

Nigeria’s external debt stock was $9.4 billion on March 31, 2015, the Debt Management Office (DMO) has said. Information from DMO’s website on the country’s debt stock on Monday showed a decrease of about $300 million from $9.7 billion that the country owed at December 31, 2014. A breakdown showed …

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