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Business

NIPR Postpones Annual PRICE Awards to Jan 25, 2026

The Nigerian Institute of Public Relations (NIPR) has deferred...

Wines of Canada Debuts in the Nigerian Market

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P+ Measurement Services Sparks Global Dialogue on Outcome-Based Measurement at 2025 AMEC Measurement Month

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NIPR Institutes Annual PRICE Awards, Fixes 7th Dec for Ceremony

The Nigerian Institute of Public Relations (NIPR) has once...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

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NCC Spotlights Renewable Energy on World Consumer Rights Day

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Capital Market

FG, SEC, NGX Group Forge Unified Direction on Capital Gains Tax Reform

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NGX Expands Market Offerings with Introduction of Commercial Paper Listings

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NGX Chair: Media Coverage of Capital Market Key to Sustainable Growth

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Stanbic IBTC Capital Clinches 4 Top Honours at AIHN Investment Banking Awards 2025

Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings,...

NGX T+2 Settlement Cycle ‘Goes Live’ Event

L – R: Chinwendu Ekeh, Head, Operations & IT,...

Insurance

Heirs Insurance Travel Festival Draws Thousands, Signals a New Era for Inclusive Travel Ecosystem for Africans

L-R: Ifesinachi Okpagu, Chief Marketing Officer, Heirs Insurance Group;...

Kayode Kolade, 51, Wins Inaugural Heirs Insurance Retirement Dream Competition

L–R: Patrick Okorie, Regional Head, South, Heirs General Insurance;...

SanlamAllianz Nigeria Wins .NG Insurance Website of the Year 2025

SanlamAllianz Nigeria's website/portal, www.sanlamallianz.com.ng, has been adjudged winner of...

Leadway Assurance, AGRA, NADF, Verdure Climate Advance Agric Insurance Solutions

Leadway Assurance, one of Nigeria's leading insurance providers, has...

AIICO Launches All-in-One Financial Protection for Nigeria’s Underserved Population

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Business

NIPR Postpones Annual PRICE Awards to Jan 25, 2026

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ICT

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NCC Spotlights Renewable Energy on World Consumer Rights Day

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Governors, NCC Set for Broadband Awareness Forum Oct 20

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Capital Market

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Stanbic IBTC Capital Clinches 4 Top Honours at AIHN Investment Banking Awards 2025

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NGX T+2 Settlement Cycle ‘Goes Live’ Event

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Insurance

Heirs Insurance Travel Festival Draws Thousands, Signals a New Era for Inclusive Travel Ecosystem for Africans

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Kayode Kolade, 51, Wins Inaugural Heirs Insurance Retirement Dream Competition

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SanlamAllianz Nigeria Wins .NG Insurance Website of the Year 2025

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NCC Denies Involvement in Obi/Oyedepo Audio Leak Episode

The Nigerian Communications Commission (NCC) has been inundated with enquiries by the media on allegations of telephone “tracking” and “leakage” made against the Commission by some individuals and groups in the social and alternative Media.

The Commission wishes to make the following clarifications: 

  1. The Commission denies the allegations in their entirety.
  2. By the provisions of the Nigerian Communication Act (NCA) 2003 and other extant Laws of the Federation, the Commission does not and cannot “track” nor “leak” telephone conversations of anyone. 

3. The Commission has reported the allegations, which we take seriously, to relevant security agencies for proper investigation and necessary action. 

4. The Commission restates its commitment to discharge its responsibilities to the Nigerian people in accordance with the provisions of the Constitution of the Federal Republic of Nigeria; the NCA 2003; and other extant Laws of the Federation; and global best practices.

For the avoidance of doubt, the Commission denies these allegations and advises the public to disregard them. 

Signed: 

Reuben Muoka

Director, Public Affairs 

Nigerian Communications Commission (NCC) 

 

4th April 2023

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Topics

TSA: CBN Sanctions UBA N2.9bn, First Bank N1.8bn

These are bad times for United Bank for Africa (UBA) Plc and First Bank Limited as both were sanctioned by the Central Bank of Nigeria (CBN) to the tune of N2.9 billion and N1.8 billion respectively for allegedly violating the Treasury Single Account (TSA) policy of the Federal Government. For First Bank, its shares nosedived to 10-year low as a result of the N1.88 billion sanction by the CBN. The bank’s shares fell by 3.9% to N5 in trading at the Nigerian Stock Exchange (NSE), its lowest fall since April 2005.

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