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…
Leading Nigerian tech company, MTN Nigeria, in collaboration with Dell Technologies, has announced the official launch of the Dabengwa Data Centre, a state-of-the-art facility poised to revolutionise enterprise IT infrastructure across West Africa with its comprehensive cloud services offering. This strategic partnership delivers computing power, secure storage, and seamless cloud integration, empowering businesses to enhance…
The Nigerian Communications Commission (NCC) and the Rural Electrification Agency (REA) have formally inaugurated NCC–REA Collaboration Committee, marking a pivotal step towards advancing Nigeria’s digital and energy inclusion objectives by developing modalities for the deployment of renewable energy to support telecom infrastructure in Nigeria. The inauguration, held at the NCC Headquarters in Abuja, was presided…
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…
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…
