April 12, 2021
  • April 12, 2021

MTN may list its mobile money subsidiary values at $5 bln

by on April 12, 2021 0

MTN Group Ltd has valued its mobile-money arm at about $5 billion and will consider a listing of the division, joining African wireless carriers trying to monetize a service that is particularly popular on the continent. The move comes after Mastercard Inc. and TPG Holdings LP invested $300 million in Airtel Africa Plc’s mobile-money business at a $2.65...

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NCC says working to bridge digital infrastructure divide in Nigeria

by on April 4, 2021 0

The Nigerian Communications Commission (NCC), Umar Garba Danbatta, has said that robust digital infrastructure and literacy are key to reaping the transformational benefits of Information and Communication Technology (ICT) across public and private institutions in the country. Danbatta stated this when he received a delegation of the Top Management Committee (TMC) of the Aminu...

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MTN to partake in lucrative S/Africa $335 mln telecoms contract

by on March 30, 2021 0

South Africa opened up a telecommunications contract to supply 1.2 million government employees, allowing arch-rivals MTN Group Ltd. and Vodacom Group Ltd. to share in the state business. MTN was added to the agreement previously awarded exclusively to Vodacom in 2016, according to a statement on Tuesday. READ THIS ALSO: Top Nigeria security officials, others stash away $400...

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Why Nigeria Exchange Rate Policy Is Such a Minefield

by on March 26, 2021 0

Navigating Nigeria’s foreign exchange rate policy is tricky. There are multiple exchange rates; officials issue confusing and contradictory statements; promised reforms don’t materialize; and the central bank and finance ministry don’t always appear to see eye-to-eye on how to manage the naira. Economic fallout from the pandemic, including a deterioration in state finances, has made...

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NCC moves to combat e-waste, consults stakeholders on new regulations

by on March 19, 2021 0

The Nigerian Communications Commission (NCC) will finalise work on electronic waste (e-waste) regulations as soon as it concludes consultations with relevant stakeholders on the draft regulation. According to the Executive Vice Chairman of the commission, Umar Garba Danbatta, the NCC had drafted the Nigerian Communications Industry E-Waste Regulations in 2018 with the objective to...

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Nigeria’s New Forex Policy: Death knell for the Naira?

by on March 16, 2021 0

By Marcel Okeke Since the onset of the novel Coronavirus pandemic about one year ago, Nigeria’s monetary and fiscal authorities have been churning out a potpourri of policies to deal with the dreaded pestilence and its impact, just like all other nations of the world. Unsurprisingly, some of the policy measures have been ill-digested,...

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