BUSINESS Archives - Page 46 of 162

See why mobile broadband is better than fixed broadband

June 4, 2019June 4, 2019News Agency

The Nigerian Communications Commission (NCC) has said that mobile broadband is economically cost-effective and encourages private sector participation better than fixed broadband. Sunday Dare, Executive Commissioner, Stakeholders Management, NCC, said this during an interactive session with the Nigerian information Technology Reporters Association (NITRA) in Abuja. Mr Dare said the National Broadband Plan had both mobile […]

Bank customers lament poor ATM service during Eid-el-Fitr

June 4, 2019June 4, 2019News Agency

Bank customers in the Federal Capital Territory (FCT), on Tuesday decried poor network and insufficient funds in most Automated Teller Machines (ATMs). The News Agency of Nigeria (NAN) reports that at the time of filing this report, many customers were seen stranded and on long queues at ATMs waiting to make different transactions. Some of the […]

MTN pays final tranche of N330bn NCC fine

May 31, 2019May 31, 2019Ayo Olowo

MTN Nigeria Communications Plc (MTN), has paid the sixth and final instalment of N55 billion to the Nigerian Communications Commission (NCC). This completes MTN’s payment of the N330 billion negotiated settlement agreed between the NCC and the company in 2016. According to Tobechukwu Okigbo, MTN’s chief corporate relations officer, the successful resolution of the fine […]

Securities and Exchange Commission commences verification of Dantata firm

May 30, 2019May 30, 2019News Agency

The Securities and Exchange Commission (SEC), has concluded plans to commence verification for Nigerians that invested monies in Dantata Success and Profitable Company, Kano. Mrs Efe Ebelo, SEC’s Head of Media, said this in a statement on Wednesday in Abuja. Ebelo said the exercise was part of SEC’s measures to refund the investors their monies. […]

Samsung set to benefit greatly from Huwai’s trade plight

May 27, 2019May 27, 2019Ayo Olowo

Samsung Electronics Co Ltd may have a chance to strengthen its position in the smartphone market due to the hurt caused to Huawei Technologies Co Ltd in the wake of U.S.-China trade tensions, according to Fitch Ratings. Tech companies, including Google and SoftBank Group-owned chip designer ARM, have said they will cease supplies and updates […]

MTN Nigeria records first loss after listing on NSE, amid profit taking

May 24, 2019May 24, 2019News Agency

MTN Nigeria Communications on Friday recorded its first price loss on the Nigerian Stock Exchange (NSE) after listing on May 16. The News Agency of Nigeria (NAN) reports that the stock dipped N9 to close at N140 per share following profit taking. MTN Nigeria on May 16 listed a total of 20.35 billion shares at […]

FULL SPEECH: Osinbajo expains why FG is establishing Entrepreneurship Bank

May 24, 2019May 24, 2019Ayo Olowo

The Vice President of Nigeria, Professor Yemi Osinbajo has revealed that in the next four years, the Federal Government would take a more active look at how to scale up its interventions, the reason for which the Federal Government is setting up an Entrepreneurship Bank which is one of the key ways by which it […]

SIM Infraction: MTN has paid N275bn fine – NCC

May 21, 2019May 21, 2019Ayo Olowo

The Nigerian Communications Commission (NCC) on Tuesday said that MTN has paid N275 billion SIM infraction fine as balance of N55 billion was due this month Prof Umar Danbatta, Executive Vice Chairman of NCC, made this known in a statement in Abuja Danbatta spoke on the state of MTN fine payment at the valedictory service […]

MPC retains interest rate at 13.5% to ‘understand growth trend’

May 21, 2019May 21, 2019Ayo Olowo

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) says it is retaining the monetary policy rate, which measures interest rate at 13.5%. Speaking in Abuja on Tuesday after the meeting of the committee, Godwin Emefiele, governor of the Central Bank, said nine members voted to hold rates. The asymmetric corridor was […]

FG, Standard Bank, Stanbic IBTC collaborate to Fund Mining

May 18, 2019May 18, 2019Ayo Olowo

As efforts are on course to reposition the Mining and Steel sector to take its pride of place as first among equals in terms of contributions to national economic growth, the Minister of State for Mines and Steel Development, Hon. Abubakar Bawa Bwari has said that government will continue to collaborate with International financial partners […]