Heavy debts worry telecom operators, seek reprieve from regulator
Telecommunications operators on Wednesday called on the Nigerian Communications Commission (NCC) to look into the indebtedness of smaller telecom operators and support them to survive competition. Mr Gbenga Adebayo, Chairman,…
Nigeria gains on EU relation as trade volume hits €25.3bn
The Head of European Union (EU) delegation to Nigeria and ECOWAS, said on Wednesday that trade volume between Nigeria and EU reached 25.3 billion euros in 2017. Karlsen said this…
The Naira closes at N362 to dollar at parallel market
May 2, 2018 The Naira on Wednesday closed at N362 to the dollar, stronger than N363 posted on Monday at the parallel market, the News Agency of Nigeria (NAN) reports….
CBN captures 31m Nigerians through BVN, boosts financial inclusion
The Central Bank of Nigeria (CBN) has captured no fewer than 31 million account customers in its Bank Verification Number (BVN) project aimed at ensuring unique identifier in the Nigerian…
T-Mobile and Sprint announce $26bn mega merger, market value now $146bn
T-Mobile and Sprint put an end to years of speculation, on Sunday, 29 April announcing plans to merge in an all-stock transaction worth $26 billion. The combined company will operate…
NSE market capitalisation rises by N170billion amid Nestle gain
April 27, 2018 The market capitalisation of the Nigerian Stock Exchange (NSE) on Friday rose by N170 billion following huge gain posted by Nestle. The News Agency of Nigeria (NAN)…
Ecobank opens applications for 2018 fintech challenge for African start-ups
April 27, 2018 Ecobank says it has opened applications for start-ups and developers in the 54 countries in Africa to apply for its 2018 fintech challenge. The financial institution announced…
Nigerians remit $22bn in 2017; India, China top developing nations’ chart
The World Bank’s latest Migration and Development Brief shows that officially recorded remittances to developing countries touched a new record — $466 billion in 2017, up 8.5 percent over 2016. The countries…
Fiscal Responsibility: NCC remits N49.7b to Govt coffers in four months
In compliance with the Fiscal Responsibility Act of 2007 (FRA 2007), the Nigerian Communications Commission (NCC) remitted N49,792,870,113.00 (Forty-nine Billion, Seven Hundred and Ninety-two Million, Eight Hundred and Seventy Thousand,…
Konga-Yudala Merger: What Africa stands to gain
E-commerce in Africa has remained a tough nut to crack. Despite significant optimism of an unprecedented upsurge in global e-commerce spend which is widely expected to gross $4.058 trillion or…