Tag Archives: President

Telecommunications stakeholders has rally their support towards Senate’s decision to carry out a deeper investigation on the deployment of Fifth Generation (5G) network in Nigeria. The decision taken by Nigeria’s upper legislative chamber emanated from controversy surrounding deploying 5G technology in the country. Recall, Business Remarks earlier reported, the Senate …

The naira sold for N430 to a dollar on Monday, gaining some strength over previous week’s sales figures, following the resumption of forex sales by the Central Bank of Nigeria on April 29, 2020. After four weeks of forex sales suspension, the CBN resumed the provision of foreign exchange to …

The Central Bank of Nigeria has granted a two- week market holidays to the Bureaux De Change operators (BDCs). This followed a request by the Association of Bureaux De Change Operators of Nigeria (ABCON) to the CBN for the regulator to grant it market holidays given the ongoing challenges faced …

The outbreak of coronavirus (Covid-19) has resulted to close-down of businesses and operations due to rising case of the deadly virus. According to Mckinsey, a research based institute, said the outbreak will have a long effect on businesses across all sectors of global economy. The World Health Organization (WHO) recently …

The Central Bank of Nigeria (CBN) says market fundamentals do not support Naira devaluation this time around. The CBN made this known in a statement by the bank’s Director, Corporate Communications, Mr Isaac Okorafor in Abuja on Friday. However, reports has it that naira was exchanged between N405 and N420 …

Following the decision of the Federal Government to begin implementation of increased VAT regime of 7.5 per cent, operators, stakeholders and experts have demanded waivers and exemptions from the government. The stakeholders who spoke to our correspondents in separate telephone interviews also demanded improved infrastructure and single-unit credit schemes. According …

By Ikenna Omeje He began his career with Shell Petroleum Development Company (SPDC) in 1995 and later joined BJ Services two years after. He worked with BJ Services for over 12 years, rising to the position of a Country Manager for the pipeline services from 2001 to 2009. Engr. Obidike …

To address the decline in telecommunications contribution to Nigeria’s Gross Domestic Product (GDP) in Q3 2019, stakeholders has tasked Federal Government on making friendly policies that will attract more Foreign Direct Investment (FDI). They maintained that lesser FDI and activities of Over-the-Top  (OTT) services are largely responsible for the fall …

….charges CBN, firms on cyber-security standards In the fight against cyber theft, Information Security Society of Africa-Nigeria (ISSAN) has harped individuals on locking their SIM cards and to install antivirus on their phones to prevent mobile malware that steals credentials. Speaking at a media parley on speaking on cyber security …

Upon exhausting the 21 days ultimatum period, the 47 million subscribers of Glo networks are in continuous distress over their inability to connect to MTN network users. The service disruption persists as the South African telecommunication company, MTN has decided to act upon the disconnection approval granted by the Nigerian …