A news report from the British Broadcasting Corporation (BBC) on Thursday indicated that the newly elected British Prime Minister, Liz Truss, had resigned barely 45 days in office. BBC quoted a statement outside Downing Street as her resignation was due to her inability to deliver the mandate she was elected and that she had notified […]
Following media reports that Mobile Network Operators (MNOs) in the country had unilaterally revised upward tariffs on voice and data services, the Nigerian Communications Commission (NCC) has directed the operators to immediately reverse the tariff adjustments. The industry regulator, through a letter sent on the 12th of October 2022 to the MNOs stated that it […]
As part of its fiscal measures to address lingering crisis in the nation’s tertiary institutions, the Federal Government on Wednesday disclosed that it provided N470 billion special fund for university revitalisation and upward adjustment of lecturers’ salaries in the 2023 Appropriation Bill now before the National Assembly. The Minister of Finance, Budget and National Planning, […]
The All Share Index of the Nigerian Exchange (NGX ASI) decreased by 2.31% to 44,318.15 points against the previous close of 45,366.32 following sustained sell-off in AIRTELAFRI and a few other stocks. As expected, the market’s Year-To-Date (YTD) return also weaken to 3.75% even as the Market Capitalization closed at N24.139 trillion against the previous close of N24.710 trillion. Similarly, […]
The Naira, Nigeria’s currency, depreciated in value against the US dollar at the black market in the early hours of Wednesday and traded at N743/$1, indicating a slight depreciation of 0.13% from N742/$1 it traded on Tuesday. According to information from black market traders on the market’s trend in the early hours of the day […]
President Muhammadu Buhari on Wednesday signed the Nigeria Startup Bill (NSB) into law. The bill, which was a joint initiative of Nigeria’s tech startup ecosystem and the Presidency, aimed at harnessing the potential of the country’s digital economy through co-created regulations, had earlier been passed by the Senate and House of Representatives in July this […]
Nigeria’s Vice President, Prof. Yemi Osinbajo on Tuesday disclosed that 4G coverage increased from 23% to 77.52% nationwide even as the nation’s broadband coverage had also surged from 33.7% to 44.65% over the past 2 years. Osinbajo made this disclosure during the 3rd Ministerial Performance Review Retreat in Abuja while appraising improvements recorded by the […]
Chief Executive Officer of MTN Nigeria, Karl Toriola, has identified some skills that employers will be in high demand in the future which youths should develop skills in to enable them leverage for competitiveness in the increasingly dynamic global labour market The telecommunications expert specifically stressed that technology would continue to make a lot of skills […]
Amni International Petroleum Development Company Limited, a Nigerian independent oil and gas exploration and production company, and the African Export–Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) for the provision of a $600 million syndicated reserve based lending facility. The multi million US dollar deal was signed by Amni International’s Chief Tunde Afolabi […]
State Governors in Nigeria are set to discuss how to empower the citizens with latest telecoms technologies as they partake in the maiden edition of Broadband Technical Awareness Forum for Governors (BTAF) organized by the Nigerian Communications Commission (NCC) and slated for Thursday in Abuja. The programme with the theme “State Broadband Coordinating Councils: Potentials and […]