BTEL joins MNOs to raise telecoms services as MVNO operator
The Nigerian Communications Commission (NCC) has licensed new entrant, BTEL, operated by BRICLINKS Africa PLC (BRICNET), to operate as a Mobile Virtual Network Operator (MVNO). BTEL is coming as a Tier 2 license out of the four license categories offered…
Tinubu lists priority areas on development, seeks States supports
President Bola Tinubu Thursday in Abuja said the task of turning around Nigeria’s economy from the age-long status of “potential to pragmatic’’ had started with the removal of fuel subsidy and unification of exchange rates, urging the 36 state governors…
Meet Uwajumogu, Tinubu’s SA Industry, Trade & Investment
Strong facts and figures have started emerging to confirm President Bola Tinubu’s stand on building an administration based on teamship which he asserted during his chat at Chatham House in London before the presidential election. On building a team of…
CBN makes operational changes in forex market
The Central Bank of Nigeria (CBN) wishes to inform all authorized dealers and the general public of the following immediate changes to operations in the Nigerian Foreign Exchange (FX) Market: Abolishment of segmentation_ All segments are now collapsed into the…
NGX to continue drive towards attracting capital around sustainability
Nigerian Exchange Limited (NGX) has said it will continue its drive towards attracting capital around sustainability and will continue to partner with market stakeholders. Its Chief Executive Officer, Temi Popoola, stated this during a Physical closing gong ceremony for Guinness…
Inflation hits 22.41% in April—NBS
Nigeria’s headline inflation sustained its uptrend in May, increasing by 19bps to 22.41% y/y (April: 22.22% y/y). The outturn is 6bps higher than Cordros’ estimate (22.35% y/y) and 31bps higher than Bloomberg’s median consensus estimate (22.10% y/y). Likewise, on a…
Secure your networks, customers, NCC tells MNOs
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…
ASEA targets AELP Phase II roll-out by Q3 2023 to drive investment
The African Stock Exchange Association (ASEA) has revealed that having successfully launched phase one of the African Exchanges Linkage Project (AELP), it is looking at rolling at the second phase of the project to ensure investors take advantage of the…
Shell again, spills crude on Rivers Community farmlands
Hundreds of fishermen are left stranded and farmlands destroyed following an oil spill in Aleto, Eleme Local Government Area of Rivers State. Residents alleged that the spill originated from a manifold operated by the Shell Petroleum Development Company, inflicting significant…
EFCC invites Sirika over Nigeria Air brouhaha
The Economic and Financial Crimes Commission (EFCC) has summoned the former Minister of Aviation, Hadi Sirika, to appear before the commission. The anti-graft agency had also questioned officials of Nigerian Air over the recent launch of the airline in Abuja….
