Dangote Cement Plc says its commitment to environmental disclosure and sustainability has yielded desired result with the Carbon Disclosure Project (CDP) raising the company’s rating from C to B-. The Chief Executive Officer of the company, Mr Michel Puchercos, said this in a statement on Tuesday in Lagos, just...
BUSINESS
The Group Managing Director, Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has said International oil companies are leaving Nigeria and shifting their portfolios to where they can add value to the journey towards carbon net-zero commitment, Mr Kyari said this in a speech at the 2022 Nigerian International...
Zenith Bank Plc has announced gross earnings of N765.6 billion as at Dec. 31, 2021 compared with N696.5 billion achieved in the corresponding period in 2020. In the banks audited financial results for 2021, presented to the Nigeria Exchange Group (NGX) on Monday, it said the 10 per cent...
By JOY ADARA, Abuja – The Nigerian Communications Commission (NCC) is unwavering in its commitment to deploy a Revenue Assurance Solution (RAS) in the telecommunication sector to ensure a more robust Annual Operating Levy (AOL) administration in the telecom industry. This subject matter was the focus of an industry...
The Infrastructure Concession Regulatory Commission (ICRC) says Air Nigeria will begin to convey Nigerians before the end of President Muhammad Buhari’s administration. Acting Director-General (I-G) of the commission, Mr Michael Ohiani told the News Agency of Nigeria (NAN) in Abuja on Sunday, that the ICRC was now working round...
By JOY ADARA, Abuja – The Nigerian Communications Commission (NCC) has given concrete expression to the Federal Government’s drive to promote indigenous innovative technologies in Nigeria’s telecommunication sector. The NCC demonstrated this by organising the maiden prototype and research exposition aimed at showcasing no fewer than 10 prototypes, arising...
By OLA MUDOPE, Lagos – Airtel Nigeria, a telecommunications company, says it has been rated the fastest network provider in Nigeria according to Crowdsourcing firm, SpeedChecker. Airtel Nigeria made this known in a statement on Friday. It said that in SpeedChecker’s report in 2021 for Africa’s Mobile Network Champions,...
Provisional winners of the 3.5 Gigahertz (GHz) spectrum licence, MTN Communications Nigeria Plc and Mafab Communications Limited, have made their full payment of $273.6 million each for the 5G Spectrum license to the Nigerian Communications Commission. Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, officially...
The multinational holds 40 per cent in the partnership through MPNU and NNPC the remainder. Seplat Energy entered into a contract with a Nigerian unit of Texas-based supermajor Exxon Mobil, Mobil Producing Nigeria Unlimited (MPNU), with a view to procuring the latter’s entire oil assets in Africa’s biggest crude...
ExxonMobil has reached an agreement to sell its equity interest in Mobil Producing Nigeria Unlimited (MPN) to Seplat Energy, a Nigeria-owned independent oil and gas company. Liam Mallon, President, ExxonMobil Upstream Oil and Gas, made this known in a statement on Friday in Irving, Texas, USA. “The sale supports...
The widening difference between the black market and official rates has worsened the forex fraud, as banks publish more names of Nigerians attempting to cheat the system in an attempt to make more money. As of Wednesday, 23 February 2022, the dollar exchanged for N416 at the official market...
Company Income Tax (CIT) recorded N124.71 billion decline from N472.52 billion in quarter three, 2021 to N347.81 billion in quarter four, the National Bureau of Statistics (NBS), said. The Bureau said this in its “Company Income Tax (CIT) Quarter Four, 2021” data obtained from its website on Thursday. It...
Africa richest man, Aliko Dangote’s net worth has risen by $934 million since the first trading day of the current calendar year, making him the 83rd richest person globally. According to Bloomberg, the African billionaire businessman’s total fortune is now worth $20 billion, letting him overtake Russian businessman and...
SystemSpecs, Africa’s software and financial technology giant, is commemorating its 30th anniversary and has expanded its operations through the establishment of two subsidiaries – SystemSpecs Technology Services Limited (STSL) and Remita Payment Services Limited (RPSL). The organisation also announced the appointment of former Executive Vice Chairman of Nigerian Communications Commission...
Nigerian Exchange Limited (“NGX”) on Tuesday inducted a total of 117 Authorised Dealing Clerks from 63 Trading License Holder, charging them to uphold the highest level of ethics and responsibility. Speaking at the ceremony, the Chief Executive Officer, NGX, Mr. Temi Popoola, CFA stated, “On behalf of the Board...
A ride-hailing company, Bolt, says it has partnered an auto-care firm, Fixit45, to provide drivers with improved access to cost-effective auto-care and repair financing to ease drivers’ burden. Femi Akin-Laguda, the Country Manager, Bolt, said this in a statement on Tuesday in Lagos. Akin-Laguda said the aim was to...
Some experts on Tuesday said the Central Bank of Nigeria (CBN) must take proactive steps to make its RT200 FX programme achieve the desired results. The experts made the suggestions in separate interviews with the News Agency of Nigeria (NAN) in Lagos. Akpan Ekpo, a professor of Economics and...
By JOY ADARA, Abuja – The Nigerian Communications Commission (NCC) is irrevocably committed to the implementation of various regulatory initiatives and programmes, in collaboration with all stakeholders in the telecom ecosystem, towards bridging identified gaps and shortages in critical telecom infrastructure in the country. The Executive Vice Chairman and...
…As Danbatta pledges to sustain participation and support for the Conference The Nigerian Communications Commission (NCC) has reiterated its faith in the vision of the AfricaNEXT Conference (AfricaNXT) to “co-create a prosperous future for all Africans” through collaborations, conversations and programming that are oriented in harvesting, harnessing and leveraging...
The Federal Government on Monday gave six months deadline to the Nigerian Communications Commission (NCC) to come up with innovative solutions in Information Communications Technology (ICT). Prof. Isa Pantami gave the deadline at a maiden Telecommunications Based Research and Prototype Exposition in Abuja. The News Agency of Nigeria (NAN)...