The Nigerian Communications Commission (NCC) at the weekend reported that Nigeria’s active subscriptions for telecommunications services in the four mobile networks of MTN, Airtel, Glo (Globacom), and 9Mobile increased to 222 million at the end of 2022, indicating a 14% growth above the 195 million subscriptions in December 2021. The telecom industry regulatory commission, in […]
The Nigerian Electricity Regulatory Commission (NERC) has reported that Ibadan Electricity Distribution Company (IBEDC) topped the metering distribution chart as of June 30, 2022 with 828,061 metered customers, representing a 38.67% performance during the period under review It also disclosed that Ibadan DisCo was followed by the Ikeja DisCo, which recorded 686,705 metered customers with a […]
The International Monetary Fund (IMF), one of the global multilateral finance institutions, has reported that about 15% of low-income countries (LICs) are trapped in debt distress while 45% of the population faces high risks of indebtedness as rising restrictions continue to constrain global economies. The development finance institution made this projection in a new report […]
The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has hinged the improved Foreign Direct Investments (FDIs) in Nigeria’s ICT industry on the nation’s large population size and its emerging economic status in the global ecosystem among other factors. The industry expert, who made this remark while speaking at a meeting with […]
The Deputy President of the Lagos Chamber of Commerce and Industry (LCCI), one of Nigeria’s organized private sector (OPS) advocacy groups, Mr. Gabriel Idahosa, has projected Nigeria’s agricultural sector could record 5%-6% growth in 2023 if the issues of insecurity and infrastructure are addressed by the government Idahosa, who made this forecast when he featured […]
The Enugu Electricity Distribution Company (EEDC) on Thursday hinted of its plans to flag off the 2023 mobile mapping process for mass metering in Anambra on January 10 as part of its efforts to supply prepaid meters to un-metered customers in the state. The DisCo’s Head of Corporate Communications Department, Mr Emeka Ezeh, stated the […]
The Lagos Chamber of Commerce and Industry (LCCI), one of Nigeria’s leading private sector advocacy groups, has set some key fiscal and other policy measures for the Federal Government to adopt in its current efforts to keep the nation’s economy on the path of sustainable growth this year. The group, in its ‘New Year Statement […]
The Nigerian Communications Commission (NCC) has reported that Nigeria’s active subscriptions for telecommunications services across the four major mobile networks increases to 218.6 million in November 2022. The latest industry data released by the industry regulator indicated that the increase was largely driven by MTN, which recorded the highest gain of 3.1 million subscriptions in […]
The Federal Government has expressed optimism that the nation’s broadband service and internet access will receive a major boost as Elon Musk’s satellite company, Space X, will roll out Starlink internet service nationwide before the end of this year. To realize this goal, the Federal Government has entered into a partnership with Space X on […]
Anambra State Governor, Prof. Chukwuma Soludo, on Tuesday signed the state’s 2023 Appropriation Bill of N259 billion titled ‘Budget of Acceleration’ into law. In his remarks after the signing the Appropriation Bill Budget of Acceleration at the Governor’s Lodge in Awka, Soludo explained that the 2023 budget was premised on five pillars, namely Security, Law […]