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20:00 VIDEO: Commercial Court gives Sudhir, BOU 60 days to settle case

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  • PayU Nigeria introduces payment solution for recurring bills

    August 17, 2017 1:41 AM 10

    PayU Nigeria has introduced PayU Subscription, a payment method which allows merchants to safely and securely collect payments from consumers who have recurring bills or subscription payments in a seamless way. Country Manager of PayU Nigeria, Ms. Juliet Nwanguma, said: “PayU Subscription is an innovative product for businesses that are looking to offer

  • Nigeria state oil firm says its production costs cut to $23 a barrel

    August 16, 2017 5:09 PM 15

    ABUJA/LONDON, Aug 16 (Reuters) - Nigeria's production cost per barrel of crude oil is down to $23, the state oil company said on Wednesday, after the country last month said the cost was $29 a barrel, one of the highest levels in the world. The Nigerian National Petroleum Company (NNPC) did not say in its statement how the firm had driven the cost down by $6 in the three

  • S&P Global Reiterates “GBX 5,600” Price Target for British American Tobacco plc (LON:BATS)

    August 15, 2017 4:26 AM 28

    S&P Global set a GBX 5,600 ($72.93) price target on British American Tobacco plc (LON:BATS) in a report released on Thursday, July 27th. The brokerage currently has a neutral rating on the stock. Several other analysts also recently weighed in on the stock. UBS AG set a GBX 5,670 ($73.84) target price on shares of British American Tobacco plc and gave the company

  • Zenith Bank makes provision on 30 percent of its 9mobile loan: CEO

    August 14, 2017 3:05 PM 17

    LAGOS (Reuters) - Nigeria's Zenith Bank has made a provision on 30 percent of its loan to 9mobile, the country's fourth largest telecoms group formerly known as Etisalat Nigeria, the bank's chief executive said on Monday. "We have taken about 30 percent ... as a provision which we believe is very prudent as the company is undergoing restructuring ... to prepare

  • Skye Bank launches #SkyeXperience to boost seamless banking service

    August 11, 2017 8:38 PM 35

    As part of its resolve to drive efficient and convenient financial services for its customers, through digital solutions, Skye Bank launched the #SkyeXperience platform. This marked a new chapter for the bank as it renewed its commitment to providing valuable experience to its customers. At the formal unveiling ceremony for the platform the Chairman

  • VIDEO: Commercial Court gives Sudhir, BOU 60 days to settle case

    August 11, 2017 8:00 PM 32

    Kampala, Uganda | NTV UGANDA | The Commercial Court has given Bank of Uganda and business man Sudhir Ruparelia 60 days within which to amicably settle their differences through mediation. On Tuesday this week , the Head of the Court justice David Wangutusi appointed lawyer Harriet Magala from Kituuma Magala and company advocates as an arbitrator in this case where

  • Today is free data day on Glo!

    August 11, 2017 4:05 PM 28

    Awoof Today is free data day on Glo! Millions of subscribers have been enjoying the Glo free data offer since 12 mid night on Friday, August 11, 2017. The offer enables eligible subscribers to enjoy 200 MB free data for today which they can use for browsing, chatting, streaming, downloading, uploading and lots more. "The offer is on now. Eligible subscribers

  • IT News Africa – Africa's Technology News Leader

    August 11, 2017 3:00 PM 22

    The Nigerian Communications Commission has blocked Globacom’s Free data day promotion. (Image source: Buzz Nigeria) According to reports by Buzz Nigeria, The Nigerian Communications Commission (NCC) has decided to intervene and prevent Nigerian telecommunications company, Globacom, from proceeding with its planned free data day promotion

  • NSE halts upward trend, loses N14bn

    August 11, 2017 12:24 AM 15

    The Nigerian Stock Exchange (NSE) closed on a negative note on Thursday, losing N14 billion, a reversal from the upward trend that has been recorded in the past weeks. On Tuesday, the market had hit a 35-month high as market capitalisation closed at N13 trillion. On Thursday, market capitalisation closed at N13,133,014,599,205.56 as against the 13,147,204,389,996.03 it closed

  • Swiss franc eases slightly after spiking on North Korea tensions

    August 10, 2017 4:27 AM 28

    SINGAPORE: The Swiss franc eased versus the dollar on Thursday, but still held on to the bulk of hefty gains made the previous day as heightened tensions between the United States and North Korea sent investors looking for havens. Against the greenback, the Swiss franc eased about 0.1 per cent to 0.9645 per dollar, having surged about 1.1 per cent on Wednesday