Deployment of the Fifth-Generation (5G) network remains slow in sub-Saharan Africa (SSA), but it is expected to tick in the region over the next few years, this is according to the newest Ericsson Mobility Report for June 2021. Although 5G subscriptions were still below one per cent of total subscribers […]

Ahead January 1, 2023, International Financial Reporting Standard (IFRS) 17 implementation, Nigeria and other 50 countries may share from the estimated cost of $20billion for the global insurance industry, if adequate work is done by the industry’s regulators, underwriters and stakeholders are not put in place. The IFRS 17 implementation, […]

The Central Bank of Nigeria (CBN) is set to unveil a digital currency, Director of the Information Technology Department, Rakiya Mohammed, has disclosed. Mohammed, who made the disclosure at the end of the 306th Bankers’ Committee meeting, clarified that the digital currency would be accessible to all Nigerians. She said […]

The Nigerian Communications Commission (NCC) has concluded the process for determining the cost-based price of mobile International Termination Rate (ITR) to ensure healthy competition on traffic handling for voice services between local and international operators in Nigeria. The Commission made this known at the final stakeholders’ forum for the presentation […]

The Nigerian Exchange Limited (NGX) has announced admission of Nova Merchant Bank Plc N10billion bond on its platform. The bond listed on NGX is the NOVAMBL Investments SPV N10billion Series I, a seven-year subordinated unsecured fixed-rate bond due 2027 under the company’s N50 billion bond issuance programme. At the listing […]

  Shareholders of Dangote Cement Plc on Wednesday May 26, 2021 commended the management of the company for an impressive performance despite the economic challenges in the immediate past business year. The shareholders approved N272.6 billion as dividend, translating to N16 per share for the year ended December 31, 2020. […]

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