Lagos-based telecommunications company Airtel has commenced the rollout of its fifth generation (5G) network in Nigeria, beginning with four locations: Lagos, Ogun, Rivers, and Abuja. Airtel aims to achieve nationwide coverage by the end of the current financial year, which typically concludes on March 31. To access the innovative service, […]
Month: June 2023
Nigeria’s groundbreaking approach to fostering its startup ecosystem through the development of the Nigeria Startup Act (NSA) was celebrated by global technology stakeholders during the Deep Tech Roundtable at ‘The Assembly,’ a strategic session of The Next Web (TNW) Conference. The event, held from June 15th to 16th, 2023, at […]
In the face of soaring fuel prices and the removal of fuel subsidies, Nigerians are showcasing their inventive spirit by exploring alternative methods to mitigate the impact of escalating costs of goods and services. The country, known for its resilient population, has been quick to adapt to change and find […]
The Central Bank of Nigeria (CBN) has issued new guidelines aimed at promoting transparency, liquidity, and price discovery in the foreign exchange (FX) market, ensuring overall stability and boosting customer confidence. In a press statement titled “CBN Issues Further Guidance on Operational Changes to Foreign Exchange Market,” Dr. Isa Abdulmumin, […]
9Payment Service Bank (9PSB), Nigeria’s foremost digital payment service bank focused on financial inclusion, has reiterated the need for players driving financial inclusion to collaborate and provide innovative and tailor-made financial products and services to improve the lifestyle of the underserved, and thereby reduce drastically the gap in the country […]
Nigeria’s innovative and youth-friendly telecommunications company, 9mobile, today unveiled Daniel Benson, popularly known as ‘BNXN’, Beauty Tukura, and Franklyn Ikemefune, popularly known ‘Samo Agbero’ or ‘Vader the wildcard’ as brand ambassadors. The brand ambassadors’ uniqueness, youthfulness, talent, innovation, and ability to relate to a broad audience align with 9mobile’s commitment […]
The Nigerian Communications Commission (NCC) has directed Mobile Network Operators (MNOs) and Internet Service Providers (ISP) in the country to comply with regulatory frameworks emplaced by the Commission towards ensuring security and safety of their networks for telecom consumers. The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the […]
The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has invited international telecom companies and potential investors to take advantage of the opportunities presented by Nigeria’s population of over 200 million people to invest in its telecom sector, especially in infrastructure provisioning for broadband. Danbatta, who spoke […]
In December 2015, the share price of First Bank of Nigeria Limited was trading around N4.8 band. About seven years later, precisely last December, the value held tightly to N15, growing by over threefold amid general asset and economic doldrums. The steep rise in the valuation of the financial institution […]
The Finance Act2023 was enacted on 28th May,2023. TheActamendedcertain provisions in the taxlaws. Consequently, taxpayers,tax practitioners and the general public ar ehereby invited to take notice that the amended provisions shall take effect as follows: (Download the pdf below:) ENACTMENT OF THE FINANCE ACT 2023