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 …
Read More »Nigerian SMEs Must be Intentional to Overcome Challenges – CBN Deputy Governor
The Deputy Governor, Financial System Stability Directorate, Central Bank of Nigeria, Aisha Ahmad has encouraged small businesses in Nigeria on being intentional about overcoming the challenging ecosystems in order to contribute their quota to the growth of Nigeria’s economy. According to her, SMEs represented a huge potential to drive economic …
Read More »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 …
Read More »Budget Deficit: DMO Plans to Raise N1.2 Trillion via FGN Bonds in First Quarter
The Debt Management Office, DMO, yesterday announced plans to raise up to N1.2 trillion through FGN bonds in the first quarter of the year 2023. The DMO disclosed this in its FGN Bonds issuance calendar for Q1 2023. Among other things, the calendar shows that the DMO will sell between …
Read More »New Naira Notes: CBN Roll Out Cash Swap Programme in Underserved Nigeria Areas
The Central Bank of Nigeria has said as part of its plans to phase out the old naira notes, it will commence cash swap in the rural areas today. The CBN disclosed this in a circular to all Deposit Money Banks, Mobile Money Operators, super agents and agents, titled ‘Naira …
Read More »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, …
Read More »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 …
Read More »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 …
Read More »Africa Data Centres Announces Second Data Centre in Cape Town
Africa Data Centres, a business of Cassava Technologies, a pan-African technology group, has announced the building of a second data centre in Cape Town. The new Africa Data Centres facility will be in the north of the city and will have an IT load of 20MW. Construction is underway, and …
Read More »Polaris Bank Partners NYSC, NerdzFactory to Build Digital Skill, Business Capacity for 5,000 Corps Members
In line with its Corporate Social Responsibility(CSR) drive, Polaris Bank in partnership with the National Youth Service Corps (NYSC) and NerdzFactory has commenced a high-impact capacity-building workshop on digital skills for 5,000 National Youth Service Corps members across 12 states in Nigeria. The Bank explained that her action is intended …
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