The Nigerian Communications Commission (NCC) on Wednesday announced that foreign direct investment (FDI) and local investment in the nation’s telecommunications sector reached 75.6 billion dollars as of 2021. They m ade the announcement officially during an interactive session with stakeholders in the communications media ecosystem in Lagos. ...
BUSINESS
By CALLISTUS OFFOR, Abuja – The Chairman of the Association of Licensed Telecoms Operators of Nigeria (ALTON), Mr. Gbenga Adebayo, has praised the exceptional leadership of the Executive Vice Chairman/Chief Executive Officer of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta. Mr. Adebayo also commended...
…Dangote and Chukwuma coming second and third respectively By JOY ADARA, Abuja- Mr. Tony Elumelu, Chairman of UBA Plc and Heirs Holdings, has emerged as the most admired business leader in Nigeria in a national survey conducted by a Lagos- based national publication, The Top10 Magazine....
The acceleration of the early phases of shipping’s decarbonisation is in the offing as Nine players across the maritime value chain have announced in a joint statement their commitment to developing and implementing robust book and claim chain of custody systems. According to World Maritime News, the signatories of...
SThe Federal Government has reiterated its commitment to reposition Micro, Small and Medium Enterprises (MSMEs) sector to stimulate domestic investments and attract Foreign Direct Investments (FDIs). The Permanent Secretary in the Ministry of Industry, Trade and Investment, Dr Evelyn Ngige made this known during an event to commemorate the 2023 World...
The National Association of Small and Medium Enterprises (NASME), says that it will inaugurate one billion Naira Youth and Women Investment and Empowerment Fund in August. The President and Chairman Governing Council of NASME, Dr Abdulrashid Yerima said this on Tuesday in Abuja at the commemoration of the 2023...
By TENEBE ANTHONIA, Lagos – Nigerian Exchange Limited (NGX), Chartered Institute of Stockbrokers (CIS) and other market stakeholders on Monday held a mock-trading session and Closing Gong Ceremony in honour of late Otunba Subomi Balogun, FCS, CON, the founder of FCMB Group. Speaking during the ceremony, the Chief...
The Naira on Monday appreciated against the dollar, exchanging at N741.50 at the investors and exporters window. The Naira gained by 3.61 per cent when compared with N769.25 for which it exchanged for the dollar at the close of business on June 30. The open indicative rate closed at...
There were indications at the weekend that the price of petrol which is current about N540 and above per litre, may soon come down. This followed the disclosure on Sunday by both major and independent dealers on the Premium Motor Spirit, popularly called petrol, that large consignments of the...
By DAVID IORJA, Abuja – President Bola Ahmed Tinubu has assured the business community of his government’s commitment to policy consistency and better business climate to attract investment. The President spoke Monday while receiving the delegation of the Shell Petroleum Development Company (SPDC) led by the Global Upstream...
Mr Okechukwu Unegbu, a financial expert, has called on the Central Bank of Nigeria (CBN) to check the multiplicity of service charges by Deposit Money Banks (DMBs). Unegbu, a past president of the Chattered Institute of Bankers of Nigeria (CIBN), made the appeal in an interview with the News...
By TENEBE ANTHONIA, Lagos – Equity investors who have endured long periods of bearish sentiments on the floor of Nigerian Exchange Limited (NGX) have cause to smile as their wealth rose to N5.3 trillion in the first six (H1) of 2023 amid audacious macroeconomic reforms under the...
The African Securities Exchanges Association (ASEA) and the African Development Bank (AfDB) Group are collaborating to expand the number of linked African exchanges from seven to 15. We The Bank in a statement said the expansion was under the second phase of the African Exchanges Linkage Project (AELP). According...
The Naira on Friday dropped against the dollar, exchanging at N769.25 at the investors and exporters window.naira The Naira depreciated by 0.82 per cent when compared with N763 for which it exchanged for the dollar before the Eid-el-Kabir holiday that began on June 28. The open indicative rate...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied the alleged plan by the association to increase pump price of Premium Motor Spirit (PMS) also known as petrol to N700 per litre nationwide. The Chairman of IPMAN Southwest Zone, Alhaji Dele Tajudeen, stated this in an interview with...
German high-end carmaker Mercedes is recalling more than 140,000 vehicles in the U.S. due to problems with the fuel pump. According to the U.S. National Highway Traffic Safety Administration (NHTSA), up to 143,551 cars made between 2021 and 2023 are affected, the regulator announced in Washington on Friday. The...
FirstBank Nigeria Ltd. has launched a humanoid robot, an industry first, at its Adetokunbo Ademola VI, Lagos Digital Experience Centre (DXC) Branch, to engage customers. Mrs Folake Ani-Mumuney, Group Head, Marketing and Corporate Communications, FirstBank, said in a statement on Thursday in Lagos. The statement said that the robot...