By OLA MUDOPE, Lagos – The Airline Operators of Nigeria (AON) have announced that it would discontinue operations nationwide with effect from Monday May 9, 2022 until further notice, following a rise in cost of jet A1 and other costs. The airlines – Azman Air, Max Air, United Nigeria...
BUSINESS
The Nigerian Upstream Petroleum Regulations Commission (NUPRC) says its harmonised regulations will be operational by June 2022. It said it would enable the Petroleum Prospecting Licenses (PPL) to be issued to 2020 marginal field awardees. The NUPRC said the harmonised regulations would soon be forwarded to the Federal Ministry...
Dr Akinwumi Adesina, the president, African Development Bank (AfDB), says the bank has secured 15.6 billion dollars investment for the construction of the Lagos-Abidjan highway. Adesina tweeted this on his twitter handle @akin_adesina obtained by the News Agency of Nigeria (NAN) on Friday in Abuja. He said that the...
By JOY ADARA, Abuja – The trove of garlands for the Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, swelled again as he received “Leadership Excellence and Economic Impact Award”. This award was issued by the African Leadership Organisation (ALO), publishers of The African...
By OLA MUDOPE, Lagos – Access Bank Plc has partnered the Ministry of Humanitarian Affairs, Disaster Management and Social Development to roll out a loan scheme for poor farmers aged 18 years to 55 years and other vulnerable groups. The bank’s Group Head, Emerging Businesses, Mr Ayodele Olojede, said...
By MBAFAN ADE, Abuja – The Nigerian Communications Commission (NCC) has confirmed issuance of the final letters of award of the Fifth Generation (5G) Spectrum Licences to MTN and Mafab Communications, winners of the 3.5GHz spectrum auction conducted by the Commission on Monday, December 13, 2021. Management of the...
The Nigerian Communications Commission (NCC), has issued final letters of award of the Fifth Generation (5G) Spectrum Licences to MTN and Mafab Communications. This is contained in a statement by Dr Ikechukwu Adinde, Director, Public Affairs of NCC, on Wednesday in Abuja. Adinde said the management of the commission...
Dangote Cement Company says it has completed its N116 billion Series 2 bond issuance which is the largest corporate bond issuance in the Nigerian capital market. The company disclosed this in a statement made available on the Nigerian Exchange Ltd. (NGX) Website on Wednesday in Lagos. According to the...
The Institute of Chartered Accountants of Nigeria (ICAN) has lauded African technology giant, SystemSpecs, for its role in facilitating collaborations between accounting and financial technology in the country. This is as SystemSpecs, a renowned provider of financial and human capital management technology solutions, celebrates 30 years since inception, marking...
By JOY ADARA, Abuja – In a bid to support the efforts of the government to reduce youth unemployment, a Nigerian Tech startup, Kandem Ltd has launched an online-based service provider marketplace. Kandem Ltd CEO, Mrs. Prisca Ossy Prestige said in a statement that the platform is live and...
…Engages PwC to conduct study on competition level The Nigerian Communications Commission (NCC) has commenced the process of conducting a study to assess the current level of competition in the colocation and infrastructure sharing (CIS) segment of the Nigerian telecommunications sector. Seventy-eight licensees are currently operating in that market...
By OLA MUDOPE, Lagos – MTN Nigeria Communications Plc., paid N13.12 billion as dividends to shareholders for Year 2021. Its audited Financial Statement for the year released in Lagos on Friday showed that the company paid N8.57k per shareholding. The statement also indicated that at its 2021 Annual General...
Nigeria’s premier banking institution and leading financial services inclusion services provider, First Bank of Nigeria Limited has won two awards: Best Bank in Nigeria 2022 and Best Banking Digital Transformation Nigeria at the International Investor Awards 2022, a print and online publication that provides insights, news and visual informative pieces with...
An apparently emboldened Elon Musk has decided to flex his buying muscles further by joking about buying multinational beverage company, Coca-Cola on Thursday. According to Forbes, the soft drink giant is valued at $286 billion, while boasting of assets worth $94.35 billion as compared to Musk’s net worth of...
The Federal Government has emphasised the need for Africa to establish an African Energy Bank (AEB) to address its peculiar energy related crisis. The Minister of State, Petroleum Resources, Chief Timipre Sylva, said this on Thursday in Abuja at the 2022 Annual Public Lecture of the Nigerian Society of...
MTN Nigeria and Pan-Atlantic University (PAU) today announced the launch of the MTN Media Innovation Programme (MTN MIP), which will be run by PAU’s School of Media and Communication (SMC). The six-month, fully funded fellowship for Nigerian media practitioners is designed to support the sustainable development of the nation’s changing media scene. It is...
By OLA MUDOPE, Lagos – MTN Nigeria and Pan-Atlantic University (PAU) has announced the launch of the MTN Media Innovation Programme (MTN MIP), which will be run by PAU’s School of Media and Communication (SMC). The six-month, fully funded fellowship for Nigerian media practitioners is designed to support the sustainable development of...
The Group Managing Director, Gum Arabic Company Nigeria (GACON), Mrs Adaku Chidume-Okoro, has appealed to the Federal Government to scale up efforts in encouraging non-oil export activities. Chidume-Okoro made the appeal at the two-day national conference on non-oil export, organised by the Nigerian Export Promotion Council (NEPC). The conference...
The African Development Bank’s (AfDB) Africa Digital Financial Inclusion (ADFI) facility will receive 15 million dollars to develop and extend digital financial solutions to women-owned small and medium businesses in Africa. The bank on its website, on Wednesday, said that Women Entrepreneurs Finance Initiative (We-Fi) said the new round...
The U.K Government has said that it held talks with Nigeria at the Economic and Development Forum (EDF) in London, to promote trade and boost their partnership worth 3.2 billion pounds. The British High Commission in Nigeria made this known in a statement on Tuesday. It said that at...