MTN Nigeria Communications Plc successfully secured more than N75 billion from the debt capital market, the telecommunications company. The leading operator told Nigerian Exchange Limited and the investing public a issuing mail that the amount was raised at a higher yield of about 30% for the short-term borrowing the company sought to boost working capital. […]
Read MoreThe Lagos State Government said it will require an investment of 14 billion dollars to 33 billion dollars to meet its energy generation needs by 2030. Mr Kamaldeen Balogun, General Manager of the Lagos State Electricity Board, disclosed this at the 15th Ralph Alabi Memorial Lecture and Induction of new corporate members of the Nigerian […]
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The Dangote Group and its subsidiaries have been recognised as best Nigeria’s best compliant tax payer business organisation. They also won the FMDQ Gold award winner for being the most active corporate organisation in the foreign exchange market. Dangote Industries Limited (DIL) and Bluestar Shipping, a subsidiary, were recognized as the most compliant in tax […]
Read MoreSeplat Energy PLC, a Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, has announces its unaudited results for the for the nine months ended 30 September 2024, with a strong underlying business performance which supports increase to core dividend by 20% to US3.6 Cents per share in 3Q […]
Read MoreHusqvarna Group is initiating further cost reductions and profitability initiatives to address the challenging market and constrained consumer spending. These measures are expected to result in fixed cost savings of SEK 500m per year and will impact approximately 400 positions across the Group. The new cost saving measures announced today are in addition to the […]
Read MoreThe Nigerian Government is sharing the sum of N1.298 trillion from its September 2024 Federation Accounts Revenue among the three tiers of Government. The Federal Government of Nigeria, States and the Local Government Councils will share the money, according to revenue distribution statement announced at the October 2024 meeting of the Federation Accounts Allocation Committee […]
Read MoreSMS’s market share by value will reduce to 32% of global mobile messaging revenue by 2029; down from 45% in 2024. This 13% drop occurs at a time when the demand for mobile messaging traffic is increasing significantly, growing from 189 trillion messages sent in 2024 to 280 trillion in 2029. The report cites fraudulent […]
Read MoreUntil the Nigerian Government takes drastic steps to tackle the complex and contradictory regulations that stifle innovation, significant of innovation for sustainable development in Nigeria will remains in doldrum notwithstanding the evidences that the innovation ecosystem is driven primarily by young population, who are increasingly tech-savvy and entrepreneurial. This sad state of the nation’s innovative […]
Read MoreFidelity Bank has disputed data breach allegations levelled against it by the Nigerian Data Protection Commission (NDPC). In a statement on Wednesday, a spokesman for the bank, Meksley Nwagboh, said no data law was violated to warrant the imposition of a N555.8m by the commission. The NDPC had alleged that the bank violated some customers’ […]
Read MoreMTN Group, Africa’s biggest mobile operator, said the decline in value of the Nigeria naira and inflation were its biggest undoing in the West African country. The African also said that it recorded huge losses in the first half (H1) of 2024 adding that it faced challenges in its Nigerian operations, the mobile operator’s biggest […]
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