Danbatta in Singapore, lists gains of new infracos licensing
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof Umar Garba Danbatta, has hailed the recent licensing of new infracos by the commission, describing it is a key…
NPA to sanction defaulters of concession dues- Usman
February 9, 2018 The Managing Director, Nigerian Ports Authority (NPA), Ms Hadiza Usman, said the management would ensure that all outstanding payments and dues meant for the organisation were remitted…
15 persons arrested in Italy over Eni Nigeria oil bribe ahead of March trial
Fifteen people have been arrested in Italy on suspicion of having “adjusted” lawsuits in favour of Italian energy giant Eni, according to judicial sources. Italian financial police on Tuesday raided…
FG targets $24 billion from ERGP focus labs as Osinbajo commissions Beloxxi project
Vice President Yemi Osinbajo, on Thursday, said the launch of the Economic and Growth Recovery Plan (ERGP) Focus Laboratories could generate $24 billion worth of investment for the country Osinbajo…
MTN to raise $500 million in Nigeria IPO
MTN Group plans to raise around $500 million through an IPO of its Nigerian unit, as part of a deal struck with the country’s regulators to settle a $1.7 billion…
AfDB hits highest annual disbursement of $7.67bn in 2017 – Adesina
February 8, 2018 The President of African Development Bank (AfDB), Dr Akinwumi Adesina, said that the Bank, 2017, achieved its highest annual disbursement ever of 7.67 billion dollars on supports….
Broadband: NCC Board approves Zinox, Brinks as South East, North East Infracos
In order to deepen broadband penetration in the country, the Board of the Nigerian Communications Commission (NCC) has approved two additional Infrastructure Company (Infraco) Licences. Infracos are to provide the…
NPA goes bullish, generates N299.5 bn revenue in 2017, highest in five years
Evidence of the regime of reforms instituted by the Hadiza Usman –led management of the Nigerian Ports Authority (NPA) has begun to emerge as the nation’s ports authority has generated…
CBN injects $210m into foreign exchange market but banks still deny clients BTA
Central Bank of Nigeria (CBN) has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure availability and meet customers’ requests in various segments of the market. Giving…
Ghana’s Mobile Money Transactions Double to $35 Billion
The value of deposits and withdrawals by Ghanaians using mobile phones for banking almost doubled in 2017, according data published by the central bank. Bloomberg reports that the value of…