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LOCAL CONTENT POLICY: Pantami spits fire, bans importation of some telecom equipment’s
….NCC identifies 72 action points to implement Policy The Minister of Communications and Digital Economy, Prof Isa Pantami and his counterpart at the NCC, Prof Umar Danbatta are on the same page in implementing the ban on certain…
Airbnb reports soaring revenue as travel rebounds
Airbnb said Tuesday revenue in the recently ended quarter topped $2 billion…
Naira strengthens to N665/$ at parallel market — days after EFCC raided BDC hub
The naira, on Tuesday, sustained its momentum at the parallel market,…
How income from insurance claims drove BUA’s earnings to 4-year high
BUA Cement, Nigeria’s second-largest cement…
Barcelona sell 25% of Barca Studios for €100 million
Barcelona have sold 25 percent of Barca Studios, which manages the club’s digital business and audiovisual productions, to Socios.com for 100 million euros , club president Joan Laporta said on Monday.…
Dollar Remittance: Presidency Wades Into CBN, NNPC ‘Feud’
The presidency has waded into the controversy raging between the Central Bank of Nigeria (CBN) and the Nigeria National Petroleum Corporation Limited (NNPC) over the dwindling fortune of the…
Haitham Al Ghais resumes office as OPEC’s new secretary-general
The new secretary-general of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al Ghais, has resumed office on Monday. Al Ghais, a former oil official from Kuwait, was appointed…
Airtel, MTN grow profits amid subscriber slowdown
Airtel Africa and MTN Nigeria posted growth in their second-quarter profits, but continue to…
Lekki Port set to boost economy with $361bn revenue, 193,000 jobs
At a time when the nation’s economy is battling for survival, with debt servicing over…
Naira appreciates to N695/$ at parallel market
The naira, on Monday, appreciated against the dollar at the parallel section of the foreign exchange…
Nigerian herbalists drag CAC to court over refusal to register association
The Traditional Religious Practitioners’ Association (TRPA) in Nigeria has dragged the Corporate Affairs Commission, CAC, to the Federal High Court in Enugu for the commission’s refusal to register…
Nigerian minister rejects five percent telecom tax
The Minister of Communications and Digital Economy, Prof Isa Pantami, has rejected the imposition of five per cent tax on the telecom sector. Speaking in Lagos at the ongoing forum organised by the…
UBA announces new GMD, others
United Bank for Africa Plc, Africa’s global bank, announced the appointment of Oliver…
Orange Telecom meets NCC, vows to play in Nigeria’s market
Following analysis of potentials of the Nigerian market,…
Manufacturers’ Production Cost Jumps 100% On Stifling Forex Crisis
Manufacturers Association of Nigeria (MAN) has said…
How to halt naira depreciation — Analysts
The continued depreciation of the naira can be halted and reversed with deployment of bold intervention in the foreign exchange market. Analysts also recommend that this move be complemented with…
Despite Global Disruptions, Nigerian Stock Market Rakes In N831bn In 6 Months
Despite the compounding damage from the COVID-19 pandemic and the Russian invasion of Ukraine, which has magnified the slowdown in the global economy, the country’s capital market activities…
Nigerian Breweries records N274.03bn revenue in 6 months
Nigerian Breweries Plc has announced a revenue of N274.03 billion for the first half of the year ended June 30, 2022. The company’s Secretary and Legal Director, Mr. Uaboi Agbebaku, made the disclosure…
FCMB disburses 442,000 Digital Loans in 6 months
For the six months ended June 30, 2022, FCMB Group Plc has reported…
Elon Musk countersues Twitter
Elon Musk has filed a private countersuit against Twitter, intensifying his legal battle with the social media firm over his attempt to back out of the $44 billion acquisition. His case was…
AMCON returns firm to Imo after 10-year takeover
The Asset Management Corporation of Nigeria has handed over the original title documents of a footwear manufacturing factory co-founded by the Imo State Government, Standard Shoe Company Limited, to the state…
Strong dollar worsens naira pressure, US enters recession
The naira has come under increased…
We submitted application for licence in Kenya in 2019 – Flutterwave
Flutterwave has reacted to reports with regards to its operating…
Emirates reduces flights to Lagos over inability to repatriate $85m revenue
Emirates Airlines, flag carrier of the United Arab Emirates (UAE), says it will reduce its flight operations to Nigeria over the inability to repatriate about $85 million in revenue. Last…