The Nigerian Atomic Energy Commission (NAEC) hinted on Friday of its collaboration with the Centre for Energy Research and Training (CERT), Ahmadu Bello University, Zaria, to adopt nuclear science and technology to boost electricity power generation in the country. The Chairman of the commission, Prof. Yusuf Aminu Ahmed, made this disclosure during the 20th Anniversary […]
The FCMB Group on Wednesday hinted of its Board plans to seek shareholders’ approval to raise about N150bn in additional capital. The group made this disclosure in a Notice of its Annual General Meeting filed with the Nigerian Exchange Limited (NGX) on Wednesday. The additional capital requirement plan is coming barely two weeks after the […]
MTN Nigeria has barred 8.6 million subscribers from its network in line with the directive of the Nigerian Communications Commission (NCC) on the linkage of SIMs with subscribers’ NINs. The telecom operator stated this in Q1 2024 financial report, adding that the debarred lines impacted negatively on its performance during the quarter. The company stated […]
The Nigerian Communications Commission (NCC) has reported a surge in 5G subscriptions in March this year to 2.7 million, representing 1.24% penetration rate. The commission stated, however, that despite the 5G subscription growth, 2G remained the dominant service, representing 56.97% of all connections, while 3G had 9.04% share. The industry regulator disclosed that 4G subscriptions […]
The Chairman of the Investments and Securities Tribunal (IST), Mr. Amos Azi, has described the Tribunal as one of the foremost organisations that are significantly contributing to the ease of doing business in the country in line with its statutory mandate. Azi, who spoke when the executive team of the Finance Correspondents Association of Nigeria […]
The Central Bank of Nigeria (CBN) has directed OPay, Palmpay, Kuda Bank, and Moniepoint to stop creating accounts for new customers until further notice over alleged illegal forex dealings. Industry sources linked the apex bank’s latest move to an ongoing audit of the Know-Your-Customer (KYC) process of the fintechs, which has been under scrutiny in […]
Africa Data Centres, a division of the Cassava Technologies group, is excited to announce the launch of its exclusive channel partner programme, ADC Channel. A news report from African Press Organisation (APO) Group on the feat indicated the primary goal of the Channel was to foster collaboration among partners within the ISP, Carrier, Telecommunications, Systems […]
The Federal Government has commended the current leadership of the Nigerian Communications Commission (NCC) led by Dr Aminu Maida for improved telecom services across the country. The Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, gave the commendation during a recent meeting with the NCC boss and other key officials of the NCC […]
Investment researchers at Bancorp Securities Limited, a leading investment research and consulting services firm, have predicted that the downward trend that characterized banking stocks share prices in the past few weeks will potentially abate amid current indices in the economy. Last week, the equities market sustained its bearish streak for the sixth consecutive week, with […]
Danish shipping and logistics company, A.P Moller-Maersk, has unveiled plans to expand existing port infrastructure in Nigeria with the investment of $600 million to accommodate more container shipping services in the nation’s ports. The investment plan was sequel to the discussions by President Bola Tinubu with the Chairman of the company, Mr. Robert Maersk Uggla, […]