Communications and Digital Economy Minister, Dr. Isa Pantami, faced defeat as his efforts to overturn the five percent excise duties on telecommunications services proved unsuccessful. Despite his spirited advocacy, Pantami’s approach was deemed overly grandstanding, ultimately leading to his inability to reverse the excise duties imposed by the Finance Act […]
BUSINESS
The Nigerian Communications Commission (NCC) has granted MTN Nigeria a spectrum lease transaction from Natcom Development and Investment Limited. The transaction will allow MTN Nigeria to lease two spectrums, the 5HMz Frequency Division Duplex and the 10HMz FDD from NTEL, and covers 19 states in the country. The transaction, which […]
Infobip, a global cloud communications platform, has expanded its collaboration with Microsoft Dynamics 365 Marketing to enhance customer engagement and improve marketing campaign performance. The integration of Infobip’s SMS channels into Microsoft’s marketing platform allows Dynamics 365 users to send and receive real-time text messages for marketing purposes. In today’s […]
Smile Nigeria, acclaimed as the leading second-tier telecom operator in Nigeria, has a history that belies its age and spread. Always deploying cutting-edge technology, Smile has often ascended heights which other industry players not only marvel at but always strive to emulate and then play catch-up. The company has recorded […]
One of the most significant trends in the African payments sector is the increasing collaboration between banks and fintech companies. Banks, as regulated entities, play a critical role in processing funds, which then flow into digital wallets where fintechs are best positioned to provide digital services. By working together, banks […]
Global technology giant OPPO has once again outdone itself with the stunning Reno8 T series, which was released in Nigeria in March. First of all, the smartphones were a huge success right away. Their pre-orders sold out in a matter of days, setting a record for the industry. They also […]
The Lagos Waste Management Authority, (LAWMA), and the state’s Ministry of the Environment, have paid a field visit to Polysmart, a wholly indigenous multimillion dollar plastic recycling facility, located in Aiyetoro, Lagos-Ibadan Expressway, to explore areas of partnership, towards solving plastic pollution challenge in the state and across the country. […]
The Central Bank of Nigeria has proposed that banks should transfer funds in accounts that have been dormant for up to 10 years into a trust fund account and other government securities. This is contained in the just-released exposure draft of guidelines on the management of Dormant Accounts, Unclaimed Balances, […]
Developmental Regulations, one of the core mandates of the National Information Technology Development Agency (NITDA), and a pillar in the National Digital Economy Policy and Strategy (NDEPS), have been identified as a major attraction of foreign partnership towards talent development by Business Sweden. Business Sweden is a platform for success […]
The Naira depreciated against the dollar on Monday 3rd April 2023, exchanging for N463.50 at the investors’ and exporters’ window. The rate represents a decrease of 0.46 percent when compared to the N461.38 it exchanged to the dollar at the close of business on March 31. The open indicative rate closed […]