MultiChoice Group, a Africa’s leading entertainment company, Rapyd and General Catalyst have hinted of their plans to launch a joint venture (JV) company aimed at developing an integrated payment platform for Sub-Saharan Africa (SSA). The JV, which will operate under a new company, called Moment, will offer expanded payment infrastructure for businesses across Africa to help […]
Amid raging controversies and consumers’ anger over the timing of the fuel subsidy removal by the government and resurfacing of queues in filling stations nationwide, the Nigerian National Petroleum Company Limited (NNPCL), the biggest player in the petroleum industry’s downstream sub-sector, on Wednesday announced the official adjustments of its pump price for Premium Motor Spirit […]
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, will be conferred with the esteemed National Productivity Order of Merit (NPOM) Award, among other notable Nigerians. The commission’s Director, Public Affairs, Mr. Rueben Muoka, in statement on Tuesday disclosed that the announcement was made in an advertorial signed by the Director […]
The Association of Telecommunications Companies of Nigeria (ATCON), the umbrella body of all licensed telecommunications operators in the country, has described the proposed unified foreign exchange (FX) rate for the Naira by President Bola Tinubu as holding great potential for the telecom industry. The Executive Secretary of ATCON, Mr. Ajibola Olude, who stated this during […]
Nigeria’s currency – the Naira – on Tuesday significantly appreciated in exchange rate against the US dollar at the parallel market to trade at an average rate of N770/$1, representing a 1.28% gain during the day’s trading session. The Naira has since May 17 depreciated in value against the greenback and last Friday traded at […]
Investment experts at Bancorp Securities Limited on Tuesday predicted that the bullish momentum that characterized trading sessions in the Nigerian Exchange last week would be sustained this week, albeit at a slower pace. The experts, in the firm’s ‘Weekly Stock Recommendations: May 30, 2023 – June 2, 2023’ hinged their prediction primarily on profit taking […]
….to meet CBN’s mgt on findings Apparently disturbed by the revocation of 179 Microfinance Banks’ licences by the monetary authorities early last week and the negative implications for its financial inclusion drive, the National Association of Microfinance Banks (NAMB) has directed all licensed MFBs nationwide to update it on their recapitalization status for […]
FMDQ Securities Exchange Limited has approved the listing of the FCMB Group PLC N20.69 billion Series 1 Fixed Rate Resettable NC5.25 Additional Tier 1 Subordinated Bond under its N300 billion Debt Issuance Programme on its platform. FCMB, the Issuer, is a bank-led financial services group, with operating companies divided along three businesses – Commercial, Retail […]
….. tasks CBN on unified FX rate ….to end fuel subsidy regime …..targets 6% GDP growth rate Nigeria’s new President, Bola Ahmed Tinubu, today, May 29th 2023, immediately after he took the Oath of Office as the 16th President of the Federal Republic of Nigeria at the Eagle Square, Abuja, outlined his governance plans, especially […]
The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC) Prof. Umar Danbatta has advocated the need for sustainable and improved telecommunications services for the elderly and People Living With Disabilities (PLWD) in the country. Danbatta, made this strong case for the elderly and PLWD in his opening remarks at the 92nd edition of […]