Interconnect debt: NCC, Glo, MTN sing discordant tunes
A breakdown in mobile communication between 46.6 million Globacom subscribers and MTN network users may persist as both network operators are not making moves to reconcile their differences, investigation. Click here for more.
NNPC boss explains $1.8bn OMLs renewal fee
The Nigerian National Petroleum Corporation has said that it is unnecessary for it to pay the 60 per cent ($1.8bn) lease renewal fees, which is its equity contribution in the Oil Mining Leases 67, 68, and 70. Click here for more.
Nigeria Says Boko Haram Defeated, But New Groups Conduct Attacks
The Islamic militant group Boko Haram, which has killed tens of thousands of people over more than a decade, has largely been defeated in Nigeria, but attacks are now being perpetrated by other terrorist groups, the nation’s presidency said. Click here for more.
Nigeria Lost 332,338 Internet Users In June – NCC
Nigeria’s Mobile Network Operators lost about 332,338 million active Internet users in June this year, the latest Nigerian Communications Commission industry data indicated. The data showed that the number of active Internet users dropped to 122.29 million as of the end of June. Click here for more.
Investors Lose N63.25bn as NSEASI Dips By 0.46%
Equities market closed yesterday on a negative note, as NSEASI depreciated by 0.46% to close at 27,820.57 points as against 0.11% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -11.49%. Click here for more.
CBN Boosts Wholesale Segment, Others With $210m
Figures obtained from the CBN on Tuesday, July 30, 2019, indicated that authorized dealers in the wholesale sector of the market received $100 million, while the Small and Medium Enterprises (SMEs) and the invisibles segments were allocated the sum of $55 million each. Click here for more.
NAFEX Rate Hits Five Month High on Lower FPI Inflows
The NAFEX closing rate at the I&E window rose higher by 52k to a five month high of N362.39/$, as the FX market turnover dipped further by 54% to $79m. Below are highlights of trading activities in the Fixed Income and FX market today. Click here for more.
NAIC Disburses over N1bn to Farmers as Claims
The Nigerian Agricultural insurance corporation (NAIC) has disclosed that it has paid over N1billion as claims to farmers within the first half of this year. The Managing Director and Chief Executive Officer of NAIC, Mrs. Folashade Joseph disclosed this at a three- day Agricultural Insurance Sensitisation Workshop. Click here for more.
Notore Posts Nine Months N16.5bn Revenue, N3.3bn Operating Profit
Notore Chemical Industries Nigeria Plc, a leading vertically integrated agro-allied and chemicals group has announced a revenue of N16.5 billion and an operating profit of N3.343 billion for the nine months ended June 30, 2019. Click here for more.
Pressure mounts to slash multiple destinations, frequencies of foreign carriers
The bid to cut multiple destinations and frequencies currently enjoyed by foreign carriers has gathered momentum, as the Federal Government may consider a review of the slots in favour of local operators. Click here for more.
U.S., China Meet For Trade Talks As Trump Talks Tough
Top U.S. and Chinese trade officials met in Shanghai on Wednesday for talks in a bid to end a year-long trade war, despite low expectations for progress and combative remarks from U.S. President Donald Trump. Click here for more.