Bureaux De Change whose licences have been revoked by the Central Bank of Nigeria soon will finally be thrown out business. According to the Acting Director, Corporate Communications the Corporate Affairs Commission Sidi Hakama, 4,173 Bureau De Change operators will have their certificates of incorporation revoked soon. The CAC in a notice on its website […]
Read MoreThe onboarding of the earlier suspended three Communications licenses by the Nigerian Communications Commission (NCC) for prospective telecoms operators to apply may not happen soon. More worrisome is the fact that the lifting of the ban depends on the stakeholders who need to find a common ground to pave the way for the NCC to […]
Read MoreMinister of Finance and Coordinating Minister of the Economy, Wale Edun, said that Nigeria will be getting some funds from the World Bank in a few weeks. The latest data from the Central Bank of Nigeria has revealed that the federal government spent about $2.2 billion on debt servicing in the first five months of […]
Read MoreThe National Information Technology Development Agency (NITDA), in partnership with the Ministry of Youth and Sports Development and the National Youth Service Corps (NYSC), has launched a comprehensive initiative to enhance digital literacy for corpss across the nation. The strategic partnership underRoadmap and Action Plan (SRAP 2.0), which was formalised at the NYSC Secretariat in […]
Read MoreAfrican Export-Import Bank (Afreximbank) has announced an additional disbursement of US$925 million under the syndicated US$3.3 billion crude oil-backed prepayment facility sponsored by the Nigerian National Petroleum Company (NNPC) Limited. This brings the total current funded facility size to US$ 3.175 billion. Arranged and coordinated by Afreximbank, the accordion arrangement saw the raising of […]
Read MoreThe Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, “One of the major drawbacks one of the major impediments for them (exiting multinationals) was they did not have a liquid foreign exchange market.” He said however, the government is working on the economic and investment climate to attract more multinationals into […]
Read MoreThe Central Bank of Nigeria (CBN) says mobile money operators including fintech firms like OPay, Palmpay, Kuda Bank, and Moniepoint will resume the enrolment of new customers “in another couple of months”. CBN Governor, Olayemi Cardoso, stated this on Tuesday at the 295th Monetary Policy Committee (MPC) of the apex bank in Abuja when the […]
Read MoreAMA 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 […]
Read MoreThe 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 […]
Read MoreThe 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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