News – Headlines
Banks’ profits rise despite
recession
CBN to license 20 more money
transfer operators
Banks have defied the recession as
they continued to post huge profits in
their third quarter results.
Ten out of 15 quoted banks on the
Nigerian Stock Exchange have
submitted their unaudited results as
of September 2016
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The Central Bank of Nigeria (CBN)
will, in the coming weeks, license 20
new International Money Transfer
Operators (IMTOs) to handle an
estimated $21 billion annual Diaspora
remittances into the country
BRANDSPURNG.COM
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University of Ibadan gets 10Mw
NGEP solar plant
The Nigerian-German Energy
Partnership, NGEP, has installed a 10
megawatt solar plant at the University
of Ibadan. The plant, which serves as
a pilot project for universities in the
country, is to provide electricity for
the university and also serve as a
training site for engineering students
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