Subscribers of Emerging Market Communications Company, trading as 9mobile in Nigeria, are expected to start enjoying improved service quality across the country as the national roaming agreement approved by the Nigerian Communications Commission (NCC) for the telco and MTN Nigeria takes effect next week, it was gathered yesterday. The partnership will enable the two telcos…
The International Monetary Fund (IMF) has applauded President Bola Tinubu’s reforms in the foreign exchange (FX) market, and ongoing stability of the naira. In Article IV Consultation released yesterday, the Fund said reforms in the foreign exchange market have supported price discovery and liquidity. The Fund said Nigerian authorities have implemented major reforms over the…
Telecom operators have said the directive of the National Identity Management Commission (NIMC) to transition to a new transition identity verification platform has led to subscriber identity module (SIM) related services disruption. Acting under the aegis of the Association of Licensed Telecommunications Operators of Nigeria (ALTON), the telcos said in a statement jointly endorsed by…
The wealth of the world’s billionaires including Nigeria’s Aliko Dangote, Tesla and SpaceX chief executive, Elon Musk and others grew by $2trillion (£1.64trillion) in 2024, three times faster than in 2023, amounting to $5.7billion a day, according to a report by Oxfam. Dangote, with a net worth of $11billionn, is Africa’s richest person, holding a…
The trade volume between Nigeria and the United States (U.S) has reached $11.2billion, an improvement from the $10.04billion it was last years, U.S. Ambassador to Nigeria, Richard Mills Jr has said. The envoy spoke when he delivered welcome remarks to the attendees of a forum hosted for over 450 Nigerian companies for the Networking with…
Amnesty International said in a report on Thursday that Nigerian police used excessive force and shot protesters while cracking down on demonstrations in August over a cost of living crisis, killing at least 24 people. The countrywide protests over economic hardship, also dubbed “#10DaysOfRage”, were the biggest demonstrations in Nigeria since October 2020. The Nigeria…
National Commissioner and CEO, Nigeria Data Protection Commission (NDPC), Dr. Vincent Olatunji, has ordered a full-scale investigation into the data processing activities of Optasia which operates in Nigeria as Nairtime Nigeria Ltd. This investigation was triggered by a pattern of suspected non-compliant data processing which was discovered during routine regulatory oversight of data controllers and…
Nigeria’s leading telecommunications provider, Globacom, has appointed telecom veteran Ahmad Farroukh as its new Chief Executive Officer. This leadership change aims to strengthen the company’s corporate governance and operational performance, aligning with the Nigerian Communications Commission’s (NCC) recent drive for improved governance standards within the telecom industry. Farroukh’s extensive experience in African telecommunications positions him…
With just one high-quality refinery for each of many mineral resources available in Nigeria and Africa, they could generate an additional $6.8 billion in annual revenues and create approximately 3,500 good quality jobs operating in the battery supply chain, according to a United Kingdom (UK) report. The report entitled: ‘From Minerals to Manufacturing: Africa’s Competitiveness…
