Nigeria
Nigeria, Others Lose $1.6bn Daily to Illicit Financial Flows – AfDB
Africa is losing approximately $1.6 billion daily due to illicit financial flows (IFFs) and profit shifting by multinational corporations operating on the continent, ...
Nigeria
Nigeria: MTN, NTEL Spectrum Lease Extension to Enhance Nigeria’s 3G and 4G Coverage
The Nigerian Communications Commission (NCC) has approved the renewal and expansion of the spectrum lease agreement between MTN Nigeria Communications Plc and Natcom ...
News
Nigeria: Telecom Operators Suffer N35.4bn Loss Due to Fibre Cable Cuts in 2023
The Nigerian telecommunications sector faced significant challenges in 2023, with operators reporting losses of at least ₦35.4 billion (approximately $23 million) due to ...
News
Nigeria: Stanbic IBTC Facilitates $2 Billion FX Inflows into Nigeria
Stanbic IBTC Bank has reinforced its position as Nigeria’s leading bank for capital importation, accounting for a significant 28.30% of total foreign capital ...
Nigeria
Nigeria: Naira Strengthens to N1537 after CBN Sells $40m to Banks
The naira appreciated to N1,537 per US dollar in the official foreign exchange market on Tuesday following the Central Bank of Nigeria’s (CBN) ...
Nigeria
Nigeria: Access Bank Surpasses Recapitalisation Deadline, Exceeds New Capital Requirement
Access Bank, a subsidiary of Access Holdings Plc and Nigeria’s largest lender by total assets, has successfully exceeded the Central Bank of Nigeria’s ...
Nigeria
Nigeria: CBN Disqualifies 41.65 Million Shares in Access Holdings Rights Issue
The Central Bank of Nigeria (CBN) has disqualified 41.65 million shares valued at ₦822.60 million in Access Holdings Plc’s recently concluded rights issue. ...
Nigeria
Nigeria Receives $285m in Foreign Capital from African Investors – NBS
The National Bureau of Statistics (NBS) has reported that African investors, excluding Nigeria, contributed a substantial $285.11 million foreign capital to Nigeria during ...
Nigeria
Nigeria: Telecom Sector Urged to Address Key Challenges to Drive Growth
The Nigerian telecom industry has been called upon to tackle critical challenges such as right-of-way (RoW) bottlenecks and multiple taxation, which continue to ...
Nigeria
Nigeria: NCC Approves MTN’s Spectrum Lease Renewal with Ntel
The Nigerian Communications Commission (NCC) has approved the renewal of the spectrum lease agreement between MTN Nigeria Communications Plc and Natcom Development and ...
