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07/04/2022

Equinix, Inc. (www.Equinix.com), the world’s digital infrastructure company™, has completed a US$320 million takeover of West African data centre and connectivity solutions provider, MainOne, signalling its expansion into Africa. The deal will facilitate Equinix’s long-term strategy to become ...

22/03/2022

President Muhammadu Buhari has commissioned the new 3 million Metric Tons capacity per annum state-of-the-art Dangote Fertilizer Urea Plant, with an emphatic assurance that the project would give a fillip to Nigeria’s agricultural sector, which revitalization has been a focal point of his administ...

06/09/2021

Ecobank Transnational Incorporated (ETI), the Lomé-based parent company of the Ecobank Group (www.Ecobank.com), has announced a US$75 million Additional Tier 1 (AT1) investment by Arise B.V. (Arise). This Basel III-compliant instrument is the first AT1 instrument issued by ETI and a landmark transa...

06/09/2021

The President/Chief Executive, Dangote Industries Ltd, Aliko Dangote, has disclosed plans to increase the human capacity at the Dangote Refinery Project site from 40,000 to 57,000 personnel in the coming months. According to him, the project currently employs 29,000 Nigerians and 11,000 foreigners a...

15/06/2021

Cognizant of global trends and the dynamics in the Information and Communications Technology ecosystem, the Nigerian Communications Commission (NCC) has begun the process to review the existing licensing structure in the Nigerian telecommunications industry. NCC Executive Vice Chairman and Chief Exe...

15/06/2021

THE PUBLIC SPHERE with Chido Nwakanma President Muhamadu Buhari continued the unveiling of the PMB gauntlet on Thursday, 10 June 2021, by granting an interview to Arise Television. It was strategic in timing and import. The PMB Gauntlet is a series of actions and statements over the last six months....

07/06/2021

THE PUBLIC SPHERE with Chido Nwakanma Have you seen the video of the Biafra Remembrance Day in Germany or the one in South Africa? They were as colourful as the Biafran flag and mimicked the Mmanwu Festival. They were lively and benefitted from the sunshine ala the rising sun. Contrast this image wi...

07/06/2021

The Nigerian Economic Summit Group (NESG) has joined the growing welter of calls on the Federal Government to lift its suspension of Twitter in Nigeria. In an editorial on its website on “The Need to Embrace and Support the Digital Economy”, the body stated that rescinding the ban would foster i...

02/06/2021

The Aliko Dangote Foundation and Germany’s VDMA in partnership with the latter’s Foundation for Young Talent in Mechanical Engineering have launched a technical training programme in Nigeria to address the skill deficit in key sectors of the Nigerian economy. VDMA is the German Association for M...

31/05/2021

Dr. George Uduku appointed LCT General Manager for GE Healthcare West Africa (www.GEHealthcare.com); Dr. Uduku, a medical doctor by training, brings more than a decade of executive healthcare and venture capital experience in the U.S. and Africa; Appointment underscores GE’s localization efforts a...

31/05/2021

A delegation from the Autoridade Reguladora Nacional (ARN), the telecom regulator of Guinea Bissau, is on a week-long benchmarking visit to the Nigerian Communication Commission (NCC) to learn from the country’s experience. The delegation hopes to gain insights into NCC’s regulatory template as ...

31/05/2021

First Bank of Nigeria Ltd has launched First Global Transfer (FGT) to promote the international transfer of funds across its sub-Sahara Africa subsidiaries. The initiative will ensure safe, timely, and improved efficiency in the transfer of funds across the network of FirstBank subsidiaries in Afric...

25/05/2021

By Hany Fekry Many in the payments industry have been predicting so for years. That digital payments are inevitable for the future. It is only a matter of time, the experts said over and over again. But while the technology has continued to take over commerce worldwide, digital payments in Africa ha...

19/05/2021

The Revised Information Circular reiterates the tax-exemptions, filing, and other compliances obligations of NGOs By Ibrahim Moshood and Tozaye Balogun The Federal Inland Revenue Service (“FIRS”) recently issued a Revised Information Circular on the Tax Treatment of Non-Governmental Organization...

19/05/2021

Ecobank Nigeria and the Lagos State Employment Trust Fund (LSETF) have reached a strategic collaboration to reduce unemployment in the state through the promotion of entrepreneurship and capacity development for Lagos-based micro, small, and medium enterprises (MSMEs). Under the arrangement, Ecobank...

19/05/2021

The Nigerian Communications Commission (NCC) resolved 99.2 per cent of service-related complaints received from telecom consumers across the major network operators in Q1, 2021. According to the Q1, 2021 Report on Complaint Management issued by the Consumer Affairs Bureau of the Commission,  3,019 ...

18/05/2021

Nigerian Exchange Group (NGX Group) Plc yesterday launched its campaign, ‘The Stock Africa Is Made of’. The event, which was headlined by President Muhammadu Buhari, was held to amplify NGX Group’s  positioning and commitment to the African financial markets as a leading capital market infras...

18/05/2021

The African Union Development Agency NEPAD (AUDA-NEPAD) (https://bit.ly/3w9P1aI) and the Ecobank Group (www.Ecobank.com) its strategic partner on the development of the 100,000 Micro, Small and Medium Enterprises (MSMEs) Initiative, are to launch the financing component as from 27 May 2021. AUDA-NE...

18/05/2021

Dangote Cement Plc is determined to close the product supply deficit by ensuring the availability of cement products in the Nigerian market and beyond. The company’s new Group Chief Sales and Marketing Director, Mr. Rabiu Umar, said Nigeria was now an exporter and no longer an importer of cement w...

11/05/2021

THE PUBLIC SPHERE with Chido Nwakanma Governor Willie Obiano of Anambra State has delivered a beautiful piece of real estate called the Anambra International Cargo and Passenger Airport Umueri to much delight and plaudits from citizens. The Government rolled out the drums on 30 April 2021 to launch....

11/05/2021

The Securities and Exchange Commission (SEC) has advised capital market operators to renew their registration before May 31, 2021 failing which they would become ineligible for market operations. SEC  noted in a statement yesterday that operators ought to have completed their renewal process not la...

28/04/2021

THE PUBLIC SPHERE with Chido Nwakanma SOS to Prof Paul Collier. What you predicted in The Bottom Billion is unfolding and coming real concerning Nigeria. It is frightening for its socio-economic and geopolitical implications for Africa and the world. In 2007, Oxford economics Professor Collier submi...

28/04/2021

The African Development Bank Group (www.AfDB.org) has banned a firm, Maxicare Company (Nigeria) Ltd, from bidding to execute any of its projects for 36 months with effect from 23 February 2021. An investigation conducted by its Office of Integrity and Anti-Corruption established that Maxicare Compan...

02/04/2021

THE PUBLIC SPHERE with Chido Nwakanma Advertising and the business undergirding it stand at an inflection point globally. The changes have also manifested in Nigeria. The notion of the full-service agency as the producer and distributor of advertising messages through the media has taken a beating f...

21/03/2021

THE PUBLIC SPHERE with Chido Nwakanma In one week, citizens and political leaders of Enugu State enacted and taught a master class in political science with significant learnings for other players in the South East and Nigeria. Enugu State moved from a House of Assembly’s retrogression seeking to ...

17/03/2021

Nigeria deserves a chance to reset and diversify its economy, the Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has said. He also restated the determination of the apex bank to address identified deficiencies in the Nigerian economy. He canvassed this view in Abuja yesterday in a meet...

16/03/2021

Telebanking regulators and operators have resolved the protracted disagreement over the appropriate Unstructured Supplementary Service Data (USSD) pricing model for financial transactions. USSD is a critical channel for delivering financial services, particularly for the underserved and/or financial...

14/03/2021

 Conundrum for Nigerian political and media leaders THE PUBLIC SPHERE with Chido Nwakanma Confirmation of Nigerian political and media leaders’ low trust ranking should evince more concern than has been evident. The implications are dire for societal progress and cohesion if these two pillars con...

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