Go public or no licence renewal, Uganda tells MTN
Uganda has asked the local unit of South African telecoms giant MTN Group (MTNJ.J) to list some of its shares on the local stock exchange as a condition for renewing…
FG to include ICT, telecom on forex priority list
The Minister of Communications, Mr Adebayo Shittu, says the ministry is collaborating with the Central Bank of Nigeria (CBN) to include the ICT and Telecom industry on Forex priority list. Shittu,…
MTN, 12 banks sign N 200 billion medium term loan agreement
Mobile telephone operator MTN on Wednesday signed a seven-year N200 billion medium term loan agreement with a consortium of 12 banks. The Chief Executive Officer of MTN Nigeria, Mr…
Currency swap deal: CBN bars importers of substandard goods
The Central Bank of Nigeria (CBN) says the currency swap agreement with the People’s Bank of China (PBoC), will not cover the importation of substandard goods into the country….
Nigeria and India bilateral trade hits $12 billion – High Commissioner
The trade volume between India and Nigeria hit 12 billion dollars between April 2017 to March 2018, Indian High Commissioner to Nigeria, Nagabhushana Reddy, has said. Reddy said this…
NBS says price of 5kg cooking gas decreased in July
The National Bureau of Statistics (NBS) said the average price for refilling of a five kilogramme cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased to N2,010.45 in July from N2,034.93…
US Iran sanctions, others may push oil price to $150 – Experts
Clouds are gathering over the outlook for the oil market as trade tensions and rising crude supply threaten to swamp demand growth. However, some of the world’s most prominent energy…
Egina project symbol of growing ease of doing business – Osinbajo
The Acting President, Prof. Yemi Osibanjo, says the successful anchor of the Egina FPSO is not just a celebration of local content, but a resounding testimonial of success of Ease…
Beware, free WiFi can ruin you, here’s how – expert
An Information Technology expert, Mr Jide Awe, on Saturday urged members of the general public to be security conscious while using free Wi-Fi. Awe, the Conferences Committee Chairman, Nigeria Computer…
Stocks on Nigerian Stock Exchange extend losing streak by 0.19%
Stocks on Nigerian Stock Exchange (NSE) extended their losing streak on Thursday following mixed second quarter earnings of companies and anxiety over 2019 general elections. The NSE All-Share Index shed…