Airtel Africa Plc, just like the MTN Group was badly hit by the currency devaluation of the Nigerian Government thereby resulting to losses of up to $4,979 million, which was a decline of 5.3%, and leaving the telecom operator with $550 million for debt payment in May 2024. The Group in its year ended 31 […]
Read MoreThe Director General of the National Information Technology Development Agency, (NITDA) Kashifu Inuwa has reiterated the need for collaboration that would bring about the best solutions from ideas, experiences, insights, and shared knowledge needed for the country’s development. Inuwa while playing host to the participants of the 2024 Senior Executive Course 46 who were on a strategic tour to understudy […]
Read MoreThe Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has hiked the benchmark interest rate by 200 basis points to 24.75 percent. This is according to a Tuesday communique by the CBN governor Yemi Cardoso after the second MPC meeting of his tenure in Abuja. The new interest rate is a jump […]
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The Aliko Dangote Foundation ADF, has launched a food intervention programme worth about N15 billion that has resulted into the distribution of over one million bags of 10kg bags across the 774 local government areas of the 36 states and FCT in Nigeria. Speaking at the official flag-off of the intervention programme, President of Dangote […]
Read MoreThe National Economic Council (NEC) has endorsed the implementation of the $617.7 million Investment in Digital and Creative Enterprises (i-DICE) programme in the 36 states of the federation and the Federal Capital Territory (FCT.) This was part of the resolutions reached at the 140th meeting of the Council held virtually on Thursday and chaired by […]
Read MoreThe Federation Account Allocation Committee (FAAC) has shared a total sum of N1,152.756 billion February 2024 Federation Account Revenue to the Federal Government, States and Local Government Councils. The revenue was shared at the March 2024 meeting of the Federation Accounts Allocation Committee (FAAC) chaired by the Minister of Finance and Coordinating Minister for the […]
Read MoreThe federal government on Wednesday, pledged to close Nigeria’s power sector metering gap as well as address the financial liquidity challenges besetting it. The Special Adviser on Energy to President Bola Tinubu, Olu Verheijen, gave the assurance during a session at the 2024 edition of CERAWeek by S&P Global holding in Houston, the United States. […]
Read MoreThe Central Bank of Nigeria (CBN) said all valid foreign exchange backlogs of $7 billion have now been settled, fulfilling a key pledge of its Governor, Mr. Olayemi Cardosoo. This was disclosed by the bank’s Acting Director, Corporate Communications, Mrs. Hakama Sidi Ali, in Abuja on Wednesday, March 20, 2024, In a statement on Wednesday, […]
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If you are wondering how to get scarce foreign currency to start up a business that requires imported inputs, there is an idea on that popping up from the Chief Executive Officer of Information Connectivity Solutions Limited (ICSL), Mr Yemi Oshodi who spend 25 years of his business life on the Wall Street before returning […]
Read MoreFollowing the disruption on March 14, 2024, which affected data and voice services due to cuts in undersea fibre optics along the coasts of Cote d’Ivoire and Senegal, we are pleased to announce that services have now been restored to approximately 90% of their peak utilization capacities. A statement from the Nigerian Communications Commission, said […]
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