FiberOne Broadband is offering 30% discount on all installation costs to subscribers in the Federal Capital Territory (FCT) as part of its marketing strategies elevate their internet experience with FiberOne Broadband and enjoy unparalleled fast speeds. FiberOne Broadband is a renowned provider of high-quality and truly unlimited superfast internet services, known for its commitment to […]
Nigeria is obliged to redeem a $500 million Eurobond this month following the repayment timeline despite the current fiscal and economic headwinds the Nigerian government is contending with now. Available data on the foreign debt instrument repayment terms sourced from the Debt Management Office (DMO) indicate that the $500 million Eurobond loan is due for […]
The Nigerian Communications Commission (NCC) has reported that active subscriptions for mobile services in Nigeria dropped to 220.9 million in May 2023, representing 1% or 2.4 million decrease from the active subscriptions reported the preceding month. The May figures indicated the third consecutive month of declining trend in mobile subscription level. In April there was […]
The Nigerian Communications Commission (NCC) is proposing 30 minutes timeline for mobile network operators (MNOs) in the country to attend to telecom subscribers who come to their care centers for any form of complaint. A new document titled ‘Draft Quality of Service Business Rules,’ posted on the commission’s website, stated that the business rules stipulate […]
Verdant Capital, an investment manager and investment bank specializing in the private capital markets and operating on a Pan-African basis, has announced its plans to invest its Verdant Capital Hybrid Fund $9 million in the lending subsidiaries in Zambia, Egypt, Kenya, Tanzania, Nigeria, Malawi, Zimbabwe, Ghana, and the Democratic Republic of Congo. The Hybrid Fund […]
The Centre for Promotion of Private Enterprise (CPPE), has charged the Central Bank of Nigeria (CBN) to adopt proactive measures to moderate the current volatility in the official foreign exchange (FX) market following its June 14 FX unification policy was adopted. Since the policy announcement, high intra-day volatility has characterized the trading sessions at the […]
The African Development Bank (AfDB) and ICEX Spain Trade and Investment, a Spanish public agency, have signed a cooperation agreement to mobilize Spain’s organized private sector (OPS) investments for urban development in Africa. Specifically, the pact will foster cooperation between the Spanish business entity and the AfDB’s Urban and Municipal Development Fund (UMDF), a multi-donor […]
Ogun State Government and Arise Integrated Industrial Platform (AIIP), at the weekend stated that they had opened discussions on the modalities for the establishment of a parking facility for containers and trailers within the premises of the Special Agro Processing Zone (SAPZ). The company’s Vice President and Country Head, Suren Abeywickrema, gave this hint while […]
The Nigerian National Petroleum Company Limited (NNPCL) on Friday signed four Memoranda of Understanding (MoU) with Office National des Hydrocarbures et des Mines (ONHYM) and four national oil companies in a strategic move to achieve the Nigeria-Morocco Gas Pipeline project’s objectives for sub-regional countries’ economic benefits The parties to the deal reaffirmed their commitment on […]
The newly established Policy Advisory Council (PAC) by President Bola Ahmed Tinubu has proposed the merger of the Federal Inland Revenue Service (FIRS), Nigerian Customs Service (NCS), and the Nigerian Maritime Administration and Safety Agency (NIMASA) into the Nigerian Revenue Service. The members of the (PAC), who include Senator Tokunbo Abiru (chair), Dr. Yemi Cardoso, Sumaila […]