Debt Management Office (DMO) promissory notes issuance on behalf of Federal Government fell by 15.6 per cent in the first quarter (Q1) of this year. According to the DMO, the notes fell from N1.542 trillion to N1.301 trillion, reflecting the recent Federal Government’s efforts to settle verified obligations and improve confidence among key stakeholders in…
By Chimezie Orisakwe There is an African proverb that says, “What an elder sees sitting down, a young man cannot see even if he climbs a tree.” This timeless wisdom speaks to the far-reaching foresight of elders and pioneers whose quiet convictions and brave steps shape futures others have yet to imagine. Often, it is…
Leading telecom provider, MTN Nigeria, has announced the launch of the “MTN Mega Billion Promo,” a bold, 12-week nationwide consumer promotion designed to celebrate, reward its loyal customers and deepen financial inclusion. This initiative underscores MTN’s commitment to customer-centricity, coming on the heels of recent adjustments to voice and data tariffs. The MTN Mega Billion…
For the first time since its inception, Dangote Cement Group’s earnings before interest, taxes, depreciation, and amortization (EBITDA) reached an all-time milestone of N1,382.0 billion, crossing the N1 trillion mark, an increase of 56 per cent. In the same vein, Earnings per share also increased by 12.3 per cent to N29.74 as against 2023’s record…
Digital infrastructure and connectivity solutions provider, Phase 3 Telecom, has called for accelerated investment in digital infrastructure to drive inclusive economic growth across the West African sub-region. Its Executive Chairman, Stanley Jegede, who made the call at the CCT Global 2025, stressed the critical importance of cross-border and inland digital infrastructure in accelerating Africa’s economic…
The Senate has increased this year’s revenue target of the Nigeria Customs Service (NCS) to N10trillionSenate Committee on Customs with a matching order that the revenue be raised to N10 trillion. NCS got the new target while it was defending its 2025 budget proposal of N6.584 trillion before the Senate Committee on Customs. Chairman of…
Nigeria’s telecom sector has witnessed a rebound after the Nigerian Communications Commission (NCC) approved a hike in end user tariff of telecom services. Executive Vice Chairman at NCC, Dr Aminu Maida, recalled that a crisis rocked the industry about two years ago that nearly brought the sector which he said is a key contributor to…
The United Kingdom (UK) has confirmed that Nigeria will continue to enjoy duty-free access on 99per cent of total goods exported to the UK market under the Developing Countries Trading Scheme (DCTS). The initiative reinforces UK’s long-term ambition to deepen trade ties, support Nigerian exports and promote economic growth for both our countries. The DCTS…
The Manufacturers Association of Nigeria (MAN) yesterday said the manufacturing sector is positively responding to the economic therapy of President Bola Tinubu. Its Chairman, for Oyo, Osun, Ondo, and Ekiti, Dr Sam Olawoye, said the sector is gradually recovering from recent economic shocks. He spoke during an interview in Ibadan while assessing the impacts of…
