MPC votes to raise MPR by 25bps to 18.75%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) voted to increase the Monetary Policy Rate (MPR) further by 25bps to 18.75% at its July policy meeting. In addition, the Committee voted to narrow the asymmetric corridor…
NGX Group Declares Interim Dividend Payment
Following the emergency meeting of the Board of Directors on Tuesday, 25 July 2023, Nigerian Exchange Group Plc (“NGX Group” or “The Company”) today announces an interim dividend of 25 kobo per ordinary share of 50 kobo each, distributable to…
Poor communications in displaced persons/refugee camps
By Sonny Aragba-Akpore Access to telecommunications facilities in camps occupied by displaced persons globally remains a nightmare.Whether via satellite,mobile or terrestrial connectivity,the result remains the same. The people are left to their devices as very little happens to cushion…
PalmPay, Glo begin “PalmPay Bonanza – Recharge Glo and Win”
Major Fintech platform PalmPay and prominent and Nigeria’s leading telecommunication Company, Globacom unveiled their joint promotion campaign, “PalmPay Bonanza – Recharge Glo and Win,” running from July 21 through September 14. Recognised as a trailblazer in the Nigerian fintech space,…
NCDMB assures investors on Construction of Ondo Oil and Gas Park soon
Construction of a low-cost manufacturing hub for equipment components and spare parts used in the oil and gas industry will start in Ondo State soonest, according to the Nigerian Content Development and Monitoring Board (NCDMB). Located at Ilaje, Ilaje Local…
Smile Communications unveils SuperFast Internet Services in Kano
Kano State is about to witness a groundbreaking transformation in the digital landscape as Smile Communications, a renowned telecom provider, launches its SuperFast Internet Services in the region. Following the success of its Voice services earlier this year, Smile is…
Monarch Commends NCC’s Consumer Protection activities
Influential monarch, the Lamido of Adamawa, Dr. Muhammadu Mustapha, has commended the Nigerian Communications Commission (NCC) on a range of its telecom consumer protection initiatives, including the recent Village Square Dialogue (VSD), which held at the weekend in Yola, Adamawa…
NGX gives insight on why it reclassified Fidelity Bank stock at Exchange
The management of the Nigerian Exchange Limited (NGX) has provided explanations on why it recently reclassified the bank’s stock from small to medium stock. A statement by Joseph Kadiri, Media Relations, Corporate Communications of the NGX, said the reclassification became…
Foreign transactions on NGX rise to N145.1bn in six months
Amid the bounce of a new administration and raft of changes in government policies, total foreign transactions performed by investors at the floor of the Nigerian Exchange Limited (NGX) grew to N145.08 billion in the first six months (H1) of…
NDPC Tasks Data Controllers, Processors Protection Compliance, Registration
The Nigeria Data Protection Commission (NDPC) has urged all banks, telecom operators, educational institutions, government parastatals and other organizations that collect and process data in Nigeria to register with the Commission between now and December, 2023 for data protection compliance…
