Wema Bank Plc has approved plans to raise additional N200 billion in combination of Rights & Special Placement to complete Central Bank of Nigeria (CBN) recapitalization requirement. The bank which pioneered Africas first fully digital bank, ALAT, said it will be completing its capital raise through a combination of a Rights issue and Special placement…
A leading provider of telecom and mobile money services in Africa, Airtel Nigeria has expressed gratitude for the Nigerian Communications Commission (NCC’s) approval of tariff adjustments for telecom operators in the country. Its Chief Executive Officer, Mr. Dinesh Balsingh, who expressed the company’s appreciation of the decision to allow for a tariff increase of up…
Following the recent approval of 50% adjustment in telecommunications tariffs by the Nigerian Communications commission (NCC), the Federal Competition and Consumer Protection Commission (FCCPC) has urged consumers to report any unfair practices or concerns through its official channels to ensure effective resolution. The FCCPC, in a statement by its Director, Corporate Affairs, Ondaje Ijagwu, while…
Vice President Kashim Shettima urged global investors to harness the immense opportunities in Nigeria and across Africa, emphasizing that the continent is poised for economic transformation. He spoke during a forum entitled: “Roadmap to Co-create Investment Opportunities for Africa’s Frontier Markets,” at the ongoing annual meeting of the 2025 World Economic Forum (WEF) in Davos,…
A former National Assembly member, Bamidele Faparusi, has described those opposing the Tax Reform Bills currently before the parliament as “enemies” of the nation. Faparusi said the opposition to the tax reform bill by some National Assembly members has exposed those who want Nigeria to remain backward and under-developed. The ex-lawmaker representing Gbonyin/ Ekiti East/Emure…
The Trade Union Congress (TUC) of Nigeria has commended the Federal Government and the Governors Forum for reaching an agreement on the tax reform bills. The Labour Centre said it is glad that the agreement reached by both parties captured some of the concerns it raised last year. In a statement by its President, Festus…
The Association of Telecommunications Companies of Nigeria (ATCON) yesterday sought clarity from the Nigerian Communications Commission (NCC) over its approval for 50 per cent hike in end user telecom tariffs, arguing that it’s a matter of law. Recall the mobile network operators (MNOS) had requested for a 100 per cent tariff hike but the regulator…
The Independent Petroleum Marketers’ Association of Nigeria (IPMAN) has urged the Federal Government to consider the privatisation of the nation’s refineries so that private sectors investors would be able to manage it profitably. Its National President, Mr Abubakar Shettima, gave the advice while speaking at the Annual General Meeting (AGM) of the Western Zone of…
Nigeria and Saudi Arabia have renewed plans to build the capacity of their geological agencies by leveraging the breakthroughs recorded by Saudi firms in mineral exploration. Segun Tomori, Special Assistant on Media to the Minister of Solid Minerals Development, Dele Alake, made this known in a statement in Abuja. He said that this was on…
