KPMG Nigeria, one of the nation’s economic research and professional services firms, has expressed its doubt about the feasibility of President Bola Tinubu’s target to increase the country’s Gross Domestic Product (GDP) growth rate by 6% on average in the next four years. The research firm, in its Issue 8 Flashnotes released on Friday, noted […]
The Nigerian Communications Commission (NCC)) has reported that the telecommunications and information services sector generated N2.508 trillion as revenue to the federation account in the first quarter 2023, representing 14.13% to the nation’s gross domestic product (GDP) during the quarter. Data released by the National Bureau of Statistics (NBS) showed that the sector recorded a […]
The Nigerian Communications Commission (NCC) has reported that total active subscriptions for mobile services in Nigeria declined by 1% to 223.3 million in April 2023 from the 225.8 million recorded in the preceding month. The latest industry statistics released by the telecom sector regulatory commission reflected the second consecutive month the Mobile Network Operators (MNOs) […]
The World Bank has raised its 2023 global growth forecast to 2.1% as many economies, especially the U.S economy continue to exhibit stronger resilience, warning, however, that higher interest rates will cause a larger-than-expected slowdown of global economies next year. The bank, in its latest ‘Global Economic Prospects’ report released on Tuesday, projected that real […]
The Nigerian Communications Commission (NCC) has issued licences to 25 new companies to provide mobile telecommunications services under the Mobile Virtual Network Operator (MVNO) framework. Based on the licensing by the telecom sector’s regulator, the companies will be providing the same services as the existing Mobile Network Operators (MNOs), using their infrastructure for service delivery […]
The Nigerian Communications Commission(NCC) has donated 100 high-tech laptops to Oyo State College of Agriculture and Technology, Igbo-Ora in Ibarapa Local Government Area of the state, as part of its nationwide interventions in tertiary institutions to enhance research and teaching in the institution. The donation of the laptops to the college is under the telecom […]
President Bola Ahmed Tinubu has directed Service Chiefs and heads of security and intelligence agencies to ruthlessly deal with oil thieves and other criminals involved in vandalizing the nation’s oil assets The President, who gave the order on Thursday, said that his administration would not tolerate such criminal acts that have been undermining the nation’s […]
The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, on Thursday said that the ongoing revision of the telecommunications industry licensing regime was aimed at making the licences more robust and to accommodate some of the identified new industry trends Danbatta made the clarification in his keynote address at the […]
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 […]
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 […]