Banking

FG bars online banks from accessing customer photos and contact information.

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April 10, 2023
Loan apps on Play Store will lose their ability to access their users’ contacts or photos from May 31, 2023. This came as the Federal Government said it would enforce the latest policy by Google, saying the action was consistent with the Nigerian authorities’ move to curtail the invasion of customers’ privacy by loan app firms. The Federal Government had in recent time taken major decisions…
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Technology

MTN investors will buy dividend shares at N232.68.

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April 7, 2023
MTN Nigeria has announced the price for its shares per unit under the scrip dividend plan for interested shareholders. In a corporate notice filed with the Nigerian Exchange Limited on Thursday, the firm said that reference share price would be N232.68, which was lower than…
Banking

UBA to sell Abuja Disco over $122m debt

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April 7, 2023
The United Bank for Africa has revealed plans to sell the Abuja Electricity Distribution Company to recover a $122m debt the Disco is owing it. The lender had in December 2021 taken over the disco following the government’s approval. The plan to sell was revealed at the…
Transportation

Lagos-Ibadan Expressway Completed April 30, Drainage Delayed, Oyo Section - FG

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April 6, 2023
The Minister of Works and Housing Mr Babatunde Fashola, has said the Lagos-Ibadan and Abuja-Kano Expressways will be completed by April 30. The minister gave the assurance at the pre-inspection of the completed Loko-oweto Bridge in Nasarawa State on Wednesday. Fashola said, “I want to appeal to commuters on that road for continuous patience and understanding: it is a difficult project to execute…
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Transportation

Lagos brings technology to the park.

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April 5, 2023
In a bid to facilitate a seamless parking experience across the metropolis, the Lagos State Government has partnered ARCA Payment Ltd. to develop a parking payment application that will enhance coordinated parking operations. Revealing this development at a partnership…
Economy

Second Niger Bridge to be opened May 15 – Fashola

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April 5, 2023
The Federal Government has said the second Niger bridge will be fully open to vehicular movement on May 15. The Minister of Works and Housing Babatunde Fashola revealed this on Tuesday while inspecting and confirming the completion of the Loko-Oweto Bridge and link roads between Benue and Nasarawa States. Speaking with journalists, the minister explained that the N336bn legacy project of Major…
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Banking

The UBA Foundation empowers women in technology.

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April 5, 2023
UBA Foundation, the corporate social responsibility arm of United Bank for Africa Plc, says it has joined the rest of the world to celebrate women in the month of March, with various activities aimed at empowering young women and promoting gender equality. Specifically, the…
Banking

Full List of Approved Loan Applications in Nigeria

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April 5, 2023
No fewer than 173 digital lending applications have been approved to operate in Nigeria by the Federal Competition and Consumer Protection Commission. The 173 loan apps, only 119 have full approvals while 54 currently have conditional approvals while it bars illegal online…
Energy

Shareholders protested Oando's delisting and share buyback plan.

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April 4, 2023
Some shareholders have expressed concerns over Oando Plc’s plan to delist from the capital market and acquire the shares of minority shareholders. Oando in a corporate notice on Thursday informed the Nigerian Exchange Limited of its latest plans. The company’s core investor, Ocean and Oil Development Partners Limited, proposed to acquire the shares of its minority shareholders at the rate of…
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