The Senate on Tuesday threatened the complete privatisation of the Nigerian Postal Service (NIPOST) if the agency continues operating at a loss. Chairman of the Joint Committee on Finance, Senator Sani Musa, issued the warning during the continuation of the 2024-2026 Medium-Term Expenditure Framework (MTEF) public hearing in Abuja, the nation’s capital. Quizzing the Post-Master […]
Read MoreWith telecoms service providers looking for growth in enterprise revenues from the small and medium-sized business (SMB) market, the combination of intense competition, the long-term impact of the 2007/08 financial crisis, and the Ukraine war are set to squeeze market opportunities in the immediate future, says GlobalData, a leading data and analytics company. Until recently, […]
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Pan-African telecoms firm Paratus Group has secured funding of US$31 million to support its infrastructure expansion plans. The funding will be used over the next three years to create additional fibre routes connecting Angola, DRC, Botswana, Namibia, South Africa, Mozambique, and Zambia. The transaction was facilitated by Cirrus Capital, a 100% Namibian-owned, broad-scoped financial services […]
Read MoreMTN Nigeria MoMo active users increased to by to 63.5 million impacted by a strategic focus shift from agent banking to wallet in Nigeria. And in the MTN Group,Ghana toppled Nigeria in service revenue increasing its revenue by 36.6% as against MTN Nigeria’s 21.4 %. In its third quarter ended 30 September report, the Africa’s […]
Read MoreAirtel Africa Plc results for half year ended, September 2023, has revealed strong and resilient operating performance across all regions despite foreign exchange headwinds, specifically in Nigeria. According to the report, total customer base grew by 9.7% to 147.7 million, as the penetration of mobile data and mobile money services continued to rise, while driving […]
Read MoreMTN Group, Africa’s largest telecoms company, plans to challenge the current tax discord in its largest market, Nigeria. It is once again embroiled in a tax dispute in Nigeria, having been ordered to pay $72.6 million in overdue taxes. The order was issued last week by Nigeria’s Tax Appeal Tribunal (TAT) in Lagos, and it […]
Read MoreMultigate, a licensed Financial Services platform that provides access to a safe and secure treasury and liquidity management system, becomes the first pan-African financial services technology company to be certified by SWIFT as a Lite 2 Business Application Provider (L2BA). In addition, the company has also obtained the highest level of compliance through three certifications: […]
Read MoreNigeria’s telecoms industry Gross Domestic Contribution (GDP) to the nation’s economy is again on the rebound trip after after falling by close to two percent in the second quarter of 20022. Statistics released by the Nigerian Communications Commission (NCC) in the Quarter 1, 2020 to Quarter 3, 2022 report showed that the telecoms industry contribution […]
Read MoreEcobank Nigeria has emerged as the bank with “Best Digital Touchpoints” in Nigeria at the virtual Digital Jurists (formerly Web Jurist) 2020 awards, held during a breakfast session of the Nigeria – South Africa Chamber of Commerce Webinar in Lagos,South-West Nigeria. Ecobank also beat other nominees from among 22 commercial banks to win the “Best […]
Read MoreJunior Achievement (JA) Africa and Ecobank Group in a new partnership agreement plans to educate and mobilize over 600,000+ young people with financial literacy knowledge, as part of Ecobank’s Junior Savers initiative which in part seeks to grow financial inclusion for young Africans using Ecobank’s mobile/digital resources. The initiative, “Banking on Africa’s Youth” will undertake […]
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