South Africa:Telkom’s Openserve Unit to Terminate DSL Services From 1 October
Telkom South Africa’s Openserve wholesale unit has informed its ISP partners of its plan to cease offering copper-based services from…
Category: Local
Nigerian Communications Commission (NCC) To Hold Public Inquiries On Three Draft Regulations
The Nigerian Communications Commission (NCC) will hold a public inquiry on three draft regulations and guidelines concerning the country’s telecoms…
Central Bank Of Nigeria Clarifies Reports of Non-Remittance of 80% surpluses into Consolidated Revenue Fund
The Central Bank of Nigeria (CBN) has denied allegations that it failed to remit 80 per cent of its operational…
Banning Fossil Fuel Investments Will Hurt Nigeria
The Vice-President, Prof. Yemi Osinbajo, has said the banning or restriction by a growing number of wealthy nations of public…
NAICOM Stops Manual Processes For Insurance Companies
The National Insurance Commission has issued a directive to transit from manual to online processing and all operational activities including…
Nigeria’s Eurobonds Debts Rise By $9.37bn In Five Years
Commercial loans obtained by Nigeria through Eurobonds rose from $1.50bn as of December 31, 2015 to $10.87bn as of December…
Nigeria: NNDC’ll Pay Shareholders Dividend, Says Chairman
The Chairman, Board of Directors of New Nigeria Development Company Limited, Tanimu Yakubu, has said the company’s shareholders will receive…
Nigeria: IDB, Others Earmark $520m For Nigeria’s Agro-Industrial Zones
The Senior Special Adviser to the President of the Africa Development Bank on Industrialisation, Prof Banji Oyeyinka, has disclosed that…
Dangote Refinery Complex In Nigeria Set To Cost $19 Billion
A giant oil refinery complex being built in Nigeria by a company owned by Aliko Dangote, Africa’s richest person, will…
Nigerian Banks Ask Customers To Return Unutilised Dollars Within 2 Weeks
Nigerian banks have asked customers to return unutilised dollars within two weeks from the day of purchase, in response to…
FG Disburses N56.8bn To One Million MSMEs
The Federal Government has said that it has disbursed N56.8bn to one million Micro, Small and Medium Scale businesses under…
Nigeria’s Center For Disease And Control (NCDC) Boss, Chikwe Ihekweazu, Appointed Assistant DG of WHO
Dr. Chikwe Ihekweazu of Nigeria’s Center for Disease and Control has been appointed Assistant Director-General of the World Health Organization (WHO) in charge of Health Emergency Intelligence with effect from November 1, 2021
OPEC, Other Meet To Decide On Production Increase
The Organisation of the Petroleum Exporting Countries and its allies will meet on Wednesday (today) to decide whether to press…
Digital Currency Gains Traction As Central Bank Of Nigeria Appoints Technical Partner
The Central Bank of Nigeria (CBN) yesterday announced the formal engagement of global fintech company, Bitt Inc., as technical partner…
US Ready To Identify Boko Haram Sponsors
The United States has expressed its readiness to help Nigeria to identify sponsors of terrorism in the country. The US…
Central Bank Of Nigeria Urges NLC and TUC To Support Its 5-Year Economic Strategy
The Central Bank of Nigeria (CBN) has urged the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) to…
Experts Peg Nigeria’s Infrastructure Gap at $3tn
Research experts have estimated that Nigeria has an infrastructure gap of $3 trillion, which according to them is about six…
Nigeria To Launch $3bn Eurobond On October 11, With Lagos, NY Roadshows
The federal government has set October 11, as the date to shop for new creditors to help finance the 2021…
Central Bank of Nigeria Engages British fintech To Develop Digital Currency
The Central Bank of Nigeria, on Monday, announced the formal engagement of a global fintech company, Bitt Inc., as the…
Champion Breweries, Eterna Others Drag Capitalisation Of The Nigerian Stock Exchange By N83b
The Nigerian Exchange Limited (NGX) reopened on a downward note yesterday, occasioned by losses incurred by most blue-chip stocks, especially…
Nigeria: United Capital Lists N20b Commercial Papers
United Capital Plc has listed three series commercial papers worth about N19.72 billion on the FMDQ Securities Exchange, paving the…
Nigeria: CBN States Transfer Limits As E-Naira Begins Oct 1
The Central Bank of Nigeria has announced the formal engagement of the global Fintech Company, Bitt Inc., as the Technical…
CBN Selects Bitt Inc Digital Currency As Technical Partner For Digital Currency Project
The Central Bank of Nigeria (CBN) has engaged Bitt Inc., a global Fintech company, as the Technical Partner for its…
Dangote’s $2bn Petrochemical Plant To Produce 77 Grades Of Polypropylene
Dangote’s $2 billion Petrochemical Plant located in Ibeju-Lekki, Lagos State, is designed to produce 77 different high-performance grades of polypropylene…
Search Fund Buys Majority Stake In Electronic Security Firm
Africa Search Capital (ASC) (www.AfricaSearchCapital.com) today announced the acquisition of a majority stake in Falcon Security Hub (Falcon). The transaction, which…
Gridworks And New GX Back SPS’s Frowth Plans
Sustainable Power Solutions (SPS) is strengthening for expansion in Africa. The clean energy solutions provider is opening its capital to…
Startup In Nigeria Secures $26.5m Financing to Boost Female Students’ Inclusiveness
Decagon, the tech startup which combines lending, training, and job placement to help exceptional people launch careers as software engineers…
Nigeria: ICT Sector Contributes N5.5tn To GDP In Six Months
The Information, Communication and Technology sector contributed N5.5tn to real Gross Domestic Product in the first half of 2021. This…
Google Restores Crowwe App On Playstore After Major Improvement
Nigeria’s social media network Crowwe is back on the Play Store and App store for both android and IOS mobile phone…
Nigeria: TikTok Bans Viral Milk Crate Challenge Over Safety Concerns
TikTok has banned the popular “milk crate challenge” from its platform due to concerns that users participating in the trend…