MTN Group to sell 14% of its Nigerian business
MTN Group says it is looking to reduce its majority shareholding in its Nigerian subsidiary by 14%. Bloomberg reports that the company hopes to raise $4 billion from the sale…
Telecoms operators fined N2.9 billion over infractions
Four major telecommunication companies in Nigeria have been fined for various actions that contravene the rules and regulations of the Nigerian Communications Commission (NCC). The regulatory body of the telecoms…
Huawei ruling will cost us £500m, says BT
Telecoms group faces big bill for stripping out banned kit from 5G broadband network Limiting the use of Huawei equipment in BT’s EE 5G mobile and full-fibre broadband networks will…
Nigerian Fintechs take lead in Africa attracting $122 million fund in 2019
The Financial Technology (Fintech) industry in Nigeria has come to stay, as it took the lead in Africa attracting $122 million in funds in 2019. This was disclosed in the…
IPhone 11, A Major Booster of Apple’s $91.8 billion Q1 revenue
It is indeed a blissful 2020 for Apple, an American technology company, as its post an impressive 2020 first-quarter result ended in December 2019. The company disclosed that the $91.8…
Britain favours Huawei’s 5G rollout as against US
Huawei could be about to find itself at the center of an intense political rift between Britain and the United States this week. London is expected to grant the Chinese…
Network hitches linger as slow Internet impacts banking, businesses
It appears there is no respite yet for consumers, especially those who make use of the Internet facility, as the service has remained at its lowest ebb in the last…
Flutterwave raises $35 million to expand operations
Nigerian payment firm, Flutterwave has disclosed its expansion plans to Francophone and northern Africa as it raises a $35 million Series B round. The deal is in partnership with payment…
Facebook passes important notice on ‘harmful’ content
Following up on the news that Facebook is hiring 1,000 more people in London, Steve Hatch, its vice-president for northern Europe, has been talking to the BBC’s Today programme. Mr…
Electricals Business “Sparked Into Life”
Commenting on the latest trading update from Dixons Carphone, Richard Lim, chief executive of Retail Economics, said: “These are solid numbers boosted by the electricals business that sparked into life.…
TalkTalk sells fibre network for £200m
TalkTalk has agreed the £200m sale of its FibreNation fibre network business to CityFibre, a company backed by Goldman Sachs. The sale of the business had been delayed last year…