The Nigerian Communications Commission (NCC) has reported that 5G subscriptions in the country increased to 2.3 million in December 2023. The latest data from the telecoms industry regulator on the cadres of network deployment by the mobile network operators (MNOs) showed that despite the gradual migration of their networks to global best standards, the 5G […]
The Nigerian Communications Commission (NCC) and the Economic and Financial Crimes Commission (EFCC) have agreed to synergize efforts to tackle technology-driven crimes in the country in order to make Nigeria more investment-friendly and promote socioeconomic activities. The Executive Vice-Chairman/Chief Executive Officer (EVC/CEO) of NCC, Dr. Aminu Maida, gave this hint during his recent visit to […]
President Bola Tinubu on Monday has approved the mergers of some public parastatals and agencies in line with recommendations of the Oronsaye report submitted in 2012. The move is seen as public finance analysts as part of the government’s efforts to reduce the burgeoning cost of running the affected agencies, particularly when most of them […]
Investment researchers at Bancorp Securities Limited on Monday predicted that trading in the Nigerian Exchange (NGX) would be in ranges with minimal spread in investors’ stake in stocks amid macroeconomic uncertainties of the economy. The experts, in the firm’s s ‘Weekly Stock Recommendation for Feb 26 – Mar 1 2024’ hinged their forecast on expectations […]
Apparently determined to involve more stakeholders in his administration’s drive to improve the performance of the nation’s economy, President Bola Tinubu on Sunday inaugurated an economic advisory committee comprising membership from the federal and sub-national governments and the organized private sector (OPS). The President’s latest action was the outcome of a meeting he held with […]
Economists at Comercio Partners, a Nigerian firm providing financial advisory and assets management services, have advised the Central Bank of Nigeria (CBN) to critically weigh the option of maintaining a bullish stance at the next meeting of its Monetary Policy Committee in view of the current micro and macroeconomic challenges in the economy and the […]
As agitations from beneficiaries of the sundry Federal Government’s intervention loans continue to mount on the Central Bank of Nigeria (CBN) and the government to write off the loans, a key player in the disbursement value chain and Managing Director of NIRSAL Microfinance Bank, Alhaji Abubakar Kure, has expressed his opposition to the clamour and urged […]
The Centre for the Promotion of Private Enterprise (CPPE), a leading organized private sector advocacy group in Nigeria, has advised the Central Bank of Nigeria (CBN) to consider fixing the Customs Duty Exchange rate at N1,000/S1 to mitigate the current hardships of business owners, particularly manufacturers, in the country. The Centre’s Chief Executive Officer, Dr. […]
The Central Bank of Nigeria (CBN) at the weekend announced the pegging of the duty rates to be paid by importers to the Nigerian Customs Services during goods clearance. Specifically, the apex bank in a circular signed by its Director of Trade and Exchange Department, Hassan Mahmud, and posted on its website on Friday instructed […]
….As Lagos Maintains Lead in Internet, Voice Subscriptions The National Bureau of Statistics’ (NBS’) at the weekend reported that Nigeria’s active internet subscribers rose to 163,838,439 in Q4 2023 from 154,847,901 reported in the corresponding quarter of 2022, indicating that internet a 5.81% year-on-year increase while on a quarter-on-quarter basis, the number grew by 2.29%. […]