Business

NCC Parleys Stakeholders on Suspended Telecoms Licences Issuance, Seeks Industry Input on Refined Regulations 

The Nigerian Communications Commission (NCC) said the suspension of issuance of  the three telecoms licences namely: Interconnect Exchange Licence, Mobile Virtual Network Operator Licence and  Value Added Service Aggregator Licence was in the interest of the telecoms industry. The Executive Vice Chairman of the NCC, Dr Aminu Maida told industry players today at a ‘Public Inquiry […]

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Business

Innovation ‘Essential to Growth of African Enterprises’, Says SAP

AMA PRESS RELEASE Technology and business leaders today met at the SAP Innovation Day in Johannesburg to discuss how businesses can shift away from stagnation and ignite a new wave of innovation and growth to drive their success. Speaking at the event, Hans-Peter Fuelle, Chief Business Officer for EMEA, SAP, said businesses today operate in […]

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Business

JUST IN: CBN Raises Interest Rate to 26.25 % Amid Soaring Inflation Levels

The Central Bank of Nigeria (CBN) has raised the interest rate by 150 basis points from 24.75 per cent to 26. 25 per cent. Following a two-day meeting, the bank’s Monetary Policy Committee (MPC) agreed to increase the Monetary Policy Rate(MPR) for the third straight time to rein in the country’s soaring inflation levels pegged […]

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Giordano Albertazzi, Chief Executive Officer, Vertiv
 News

Vertiv Designs New Pre-Integrated IT Rack for Edge Applications in North America & EMEA

The proliferation of edge computing use cases has shifted critical equipment and data from the protected confines of the data centre to more demanding environments where heat, humidity, air quality, and physical security are significant challenges. Recognising this new reality, Vertiv, a global provider of critical digital infrastructure and continuity solutions, today introduced the Vertiv […]

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Business

Over 200 Schools Set to Battle for N15 Prize at Ecobank Chess Championship

More than 200 schools have so far registered for the National Schools’ Team Chess Championship being organized by Ecobank Nigeria in collaboration with Nigeria Chess Federation (NCF). The competition is open to students from primary to tertiary education level with prizes of over N15 million to be won. Vice President, Nigeria Chess Federation, Prince Adeyinka […]

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Financial

Nigeria’s Telecoms Industry FDI Drops Again, Domestic Investments Crash by 36.1% Amid Increasing Operational Cost

The Capital Inflow (Foreign Direct Investment) into the Nigerian Telecoms Industry in the Year 2022 dropped significantly to about USD399,905,531.38 as against USD753,044,446.35  recorded for the year 2021, similarly domestic investment dropped by 36.1% Meanwhile, Telecoms industry contribution to the Nigerian Gross Domestic Products went up from 12.61% in the Fourth Quarter, 2021 to 13.55% […]

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Telecoms

Vodacom Explores Possibility with France Orange on Infrastructure Deals to Down Telecoms Service Cost in Africa

Vodacom Group Ltd. is talking with France’s Orange South Africa about a strategic partnership in Africa to explore infrastructure deals to help keep down costs in Africa. The telecommunications companies are reviewing agreements in overlapping markets, including Egypt and the Democratic Republic of Congo, and evaluating other opportunities to collaborate, said the people, who asked not to be […]

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Business

Nigeria’s Oil Production Inches Closer to 1.7mbpd, Says NNPCL

Crude oil production is nearing 1.7 million barrels per day, according to the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari. This was revealed by the NNPCL boss, as he addressed stakeholders at an engagement between the Nigerian Association of Petroleum Explorationists and the NNPCL in Lagos on Saturday. According […]

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President of Dangote Group, Aliko Dangote and President of Rwanda, Paul Kagame
 Business

AFRICA CEO FORUM: Dangote Seeks More Investments to Leapfrog Africa’s Economic Growth

President of the Pan-African Conglomerate, Dangote Industries Limited (DIL), Aliko Dangote has called for increased investments in the African continent to foster its rapid growth and development. Speaking at the largest gathering of private sector leaders in Africa, the Africa CEO Forum in Kigali, Rwanda, Dangote emphasized that recent trends underscore Africa’s pivotal role as […]

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Business

Seplat Energy Wins Best Sustainability Reporting Award

Seplat Energy Plc has emerged winner of the Best in Sustainability Reporting Award at the maiden Corporate Reporting Award, organised by the Institute of Chartered Accountants of Nigeria (ICAN) and NGX Regulation Ltd (NGX RegCo). The recognition was announced at the ICAN/NGX RegCo Awards ceremony held in Lagos. It was a platform to recognise the […]

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