The Association of Bureau De Change Operators of Nigeria (ABCON), the umbrella group of Bureau De Change (BDC) operators in the country has called on the Central Bank of Nigeria (CBN) to allow its members collaborate with it in its current efforts to boost liquidity in the nation’s foreign exchange (FX) market. The President of […]
The Nigerian Communications Commission (NCC) has reported that the number of phones approved for sale in the country rose to 2,155 in July 2023, representing 43 additional new devices over the 2,112 approved by the regulatory commission as of April this year. Usually before granting to any device, the Commission had tested them and found […]
The Central Bank of Nigeria (CBN) on Monday hinted of its plans to take new measures to stabilize the Naira exchange rate against other foreign currencies in the foreign exchange markets in furtherance of its measures to ensure that the FX unification policy impacts positively on the nation’s economy. The Acting Governor of the CBN, […]
…. as industry’s contribution to GDP rises to 13.55% The Nigerian Communications Commission (NCC) has reported that Nigerian telecommunications industry’s domestic investment rose to 785,771,028,960.36 as at the end of December 2022. The just published ‘2022 Subscriber/Network Data Annual Report’ by the industry regulator showed that despite the huge investments to enhance their operations, the […]
…Initiative ‘ll boost equities market liquidity – SEC The National Pension Commission (PenCom) has hinted of its plan to release new draft guidelines to Pension Fund Administrators (PFAs) for securities lending as part of its efforts to boost investment in the nation’s pension sector. The commission’s Head of Investment Supervision, Mr. Ibrahim Kangiwa, who made […]
The Central Bank of Nigeria (CBN) has released its Consolidated Financial Statements for the past seven years spanning 2016-2022 financial years as the National Assembly, civil society organizations’ (CSOs) and stakeholders’ agitations for the apex bank to comply with the nation’s financial reporting guidelines remained unabated. The Consolidated Financial Statements showed that in the 2022 […]
MTN Nigeria, Nigeria’s leading mobile network operators (MNOs), has secured the approval of the Securities and Exchange Commission (SEC) Nigeria for the registration of ordinary shares to allow the company to issue dividends as shares to 5,192 shareholders. The company made this disclosed in a statement signed by its Company Secretary, Uto Ukpanah which was […]
Telecommunication consumers in the country spent N3.33 trillion on calls, data, SMS, and other telecom services in 2022, the Nigerian Communications Commission (NCC) has reported. The commission gave these figures in its newly released ‘2022 Subscriber/Network Data Annual Report.’ According to the commission, the total number of active voice subscriptions increased from 195,463,898 in 2021 to […]
The Association of Bureaux De Change Operators of Nigeria (ABCON) has advised the Federal Government to ban Binance from operations in the country, alleging that the company is partly responsible for the depreciating value of the Naira in the FX market. Binance is a global online FX platform that avails users the opportunity to trade […]
The Nigerian Communications Commission (NCC) has warned traders and other stakeholders in the nation’s telecommunication ecosystem about the negative consequences of selling and purchasing phones and telecommunications gadgets that are not type-approved by it in the country. The commission, in a statement issued by its Director, Public Affairs, Reuben Mouka, at the weekend stressed that […]