Friday , March 29 2024

Tag Archives: Business Remarks

CBN Raises Interest Rate to 17.5%

CBN Raises Interest Rate to 17.5%

The Monetary Policy Committee of the Central Bank of Nigeria, CBN, has unanimously voted to increase the benchmark interest rate by 100 basis points to 17.5 per cent. The CBN Governor, Godwin Emefiele, disclosed this while reading the communiqué of the end of the two-day MPC meeting, the first of …

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MTN to Give Incentive Shares to Eligible Shareholders

MTN to Give Incentive Shares to Eligible Shareholders

MTN Nigeria Communications Plc is on track to allot incentive shares to investors who partook in its initial public offering completed last January and met the conditions entitling them to additional shares, the telecom company said in a statement Saturday. The local unit of Johannesburg-based MTN Group Limited concluded its first public shares …

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NCC Renews MoU with Lottery Commission

NCC Renews MoU with Lottery Commission

The Nigerian Communications Commission, NCC, Wednesday in Abuja, signed a revised Memorandum of Understanding (MoU) with the National Lottery Regulatory Commission, NLRC, with provisions to deter unapproved lottery and gaming practices on telecommunications platforms through information and intelligence sharing. Executive Vice Chairman of NCC, Prof. Umar Danbatta noted that the MoU, …

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PPC Predicts Top ICT Trends for 2023

PPC Predicts Top ICT Trends for 2023

As organizations continue to navigate through economic challenges, PPC Limited, Nigeria’s leading ICT and infrastructure development company, has shared some technology trends that will help Chief Technology Officers (CTOs), IT Managers or Chief Information Officers (CIOs) improve business operations and achieve greater productivity and corporate profitability. The Director of ICT …

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National Assembly to Finalize N22.7 Trillion Debt Restructuring

National Assembly to Finalize N22.7 Trillion Debt Restructuring

The Senate is prepared to adopt the N23.7 trillion debt restructuring proposal made by President Muhammadu Buhari in December of last year, according to Senate President Ahmad Lawan. The Senate also accused the Minister of Finance, Zainab Ahmed, and the Governor of the Central Bank of Nigeria, Godwin Emefiele, of …

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