Shareholders of Ecobank Group has applauded the Group’s strong performance in 2023 with its net revenues exceeding US$2 billion mark for the first time in nearly 10 years. Ecobank Transnational Incorporated (“ETI”), the parent company of the Ecobank Group, held its 36th Annual General Meeting in Lomé, Togo, which was followed by an Extraordinary General […]
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 MoreIHS Holding Limited group, one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower count, has today published its 2023 Sustainability Report. The report covers sustainability activities from January 1, 2023 to December 31, 2023, and is the second report prepared in accordance with the Global Reporting […]
Read MoreThe Bureau de Change (BDC) operators in Nigeria have till December this year to reapply and the Central Bank of Nigeria (CBN) says, the minimum capital base for Tier-1 BDCs is N2bn while that of Tier-1 is set at N500m. Also, the mandatory caution deposit of N200m for tier-1 BDC licence holders was removed while […]
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% […]
Read MoreVodacom 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 […]
Read MoreThe Central Bank of Nigeria (CBN) has withdrawn its earlier circular directing banks to implement a controversial 0.5% cybersecurity levy on electronic transactions. The decision of the apex bank to withdraw the circular followed the public outrage that trailed the announcement of the policy two weeks ago and the suspension of the levy by the […]
Read MoreExecutive Chairman, Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, on Wednesday disclosed that the service generated a total of N3.94 trillion in tax revenue in the first quarter of the year (Q1 2024). The performance however, fell short of its quarterly revenue target of N4.8 trillion. Adedeji gave the figures while receiving the leadership […]
Read MoreChief Executive Officer of the Ministry of Finance Incorporated (MOFI), Armstrong Takang, also said ₦101bn have been declared as dividends by some Accountant-General of the Federation, Oluwatoyin Madein, has said ₦318.5bn was recorded as the revenue inflow to the Federal Government between January and March 2024. Madein spoke on Wednesday when she appeared before an […]
Read MoreThe Nigerian Government is to incorporate digital literacy in the Education Curriculum to accelerate and achieve a 70 percent digital literacy drive by 2027. This was disclosed by the Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa at a media party on Wednesday in Abuja, Nigeria. Kashifu while highlighting NITDA’s, Strategic […]
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