Business

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has joined the group of companies with a market capitalization of over N1 trillion, as its share price value hits N29.90 per share. At the close of trading of the Nigerian Exchange…
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The Nigerian Communication Commission (NCC) on Thursday said it has restored regulatory services to one of its licensees, Globacom Ltd., a telecommunications company after it successfully cleared its outstanding debt. This was made…
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The Central Bank of Nigeria (CBN), has assured Nigerians that its digital currency, eNaira posed no threat to financial stability. The Director, Corporate Communications Department of CBN, Dr Isa AbdulMumin said this on Monday in…
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The Central Bank of Nigeria (CBN) has introduced an online platform for the submission of Microfinance Bank license applications. SOLACEBASE reports that the new platform, named the “CBN Licensing, Approval and Other Requests Portal”,…
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The United Kingdom has announced a reduction on about 3,000 products exported from Nigeria under the Developing Countries Trading Scheme (DCTC). The British High Commissioner to Nigeria, Mr Richard Montgomery, stated this in Abuja on…
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The Nigeria Employers Consultative Association (NECA) on Sunday urged the Federal Government to suspend the implementation of its proposed tariff increases in the manufacturing sector. In a statement issued in Lagos, its…
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Angola has now emerged the topmost crude oil producer in Africa, upstaging Nigeria as the latter’s output level hits a new low. The direct communication data in the April 2023 monthly oil market report (MOMR) of the Organization of…
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By Umar Usman A new digital bank with the biggest and most effective services is in the offing in Africa. Nigeria-based DANBA Group, has just acquired 100% of KMC Micro-Finance Bank, in Kano. The group hinted that it is only eight…
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A major textile material dealer, Mai Glass General Enterprises, on Wednesday unveiled newly established branch in Kano state. SOLACEBASE reports that in a keynote address, Chairman of Mai Glass General Enterprises, Alhaji Ahamd Ibrahim…
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Guaranty Trust Bank (GTBank) says it will suspend international transactions on its naira Mastercard from Saturday, December 31, 2022. The bank made this known in a statement to its customers on Thursday. It said customers will be…
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