Dazzles Stakeholders With Growth Across Key MetricsRising from a lower profit margin of N10.2billion and a debilitating Non-Performing Loan portfolio of 45 per cent in 2015, to an impressive profit of N147billion and a significantly lowered NPL rate of 5.6 per cent in 2022, FirstBank has proven that its back-to-back profit-making […]
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Telecommunications company, Globacom, has stated that its Fourth Generation Long Term Evolution Advanced network (Glo 4G-LTE Advanced) will boost productivity among professionals, businessmen and students. Globacom assured in a press statement that the simultaneous rollout of the service in major cities in the country is to speed up economic […]
In a recent development, President Bola Ahmed Tinubu has announced significant changes in the leadership of the Central Bank of Nigeria. The President, aiming to accelerate ongoing reforms in the financial sector. President Tinubu made this decision after careful consideration of the need for swift action to address the challenges […]
The Federal Executive Council approved the National Blockchain Policy for Nigeria during its meeting today, the 3rd of May, 2023. This followed the presentation of a memo by the Honourable Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim (Pantami). The process of developing the Policy involved robust stakeholder […]
The attention of the Nigerian Communications Commission, NCC, has been drawn to an online publication with a headline titled: “NCC Incurs a Deficit of N17bn, Spending N35.2bn on Personnel, Consultancy Fees”. The Commission is concerned with the inability of the online publication to accurately interpret the contents of its 2021 […]
The Federal Government has declared Friday and Monday, April 7 and 10, 2023 as public holidays to mark the Easter celebration for 2023. The Minister of Interior, Rauf Aregbesola, made the declaration in Abuja, Wednesday. Aregbesola, in a statement signed by the Ministry’s Permanent Secretary, Shuaib Begore, on Wednesday, urged […]
The Federal Government has approved the sum of 24.2bn for the provision of broadband internet connection in at least 20 airports, 43 schools and six marketplaces nationwide. The Minister of Communications and Digital Economy, Professor Isa Ali Pantami, announced this on Wednesday while briefing State House reporters after the federal […]
According to the committee it formed to review the duty’s applicability to the telecom sector, which is regarded as already being overburdened with taxes and other levies, the Federal Government has announced the removal of excise duty for the telecom sub-sector of Nigeria’s digital economy industry. Minister of Communications and […]
The Central Bank of Nigeria, CBN has expended N114.17bn to beneficiaries under its 100-for-100 Policy on Production and Productivity since the starting point of the intercession. The CBN Governor, Godwin Emefiele, disclosed this in a statement issued by after the last Monetary Policy Committee meeting held in Abuja. According to […]
The adoption and release of the final Information Memorandum (IM) to direct the future auction of the remaining lots of the 3.5 gigahertz (GHz) Spectrum for the development of Fifth Generation (5G) services in Nigeria have been announced by the Nigerian Communications Commission (NCC). The Commission previously released a draft […]