28 results
- 24 Nov 2021
NCC Extends Deadline for Submission of Bids for 3.5GHz Spectrum to November 29
The Nigerian Communications Commission (NCC) has extended the deadline for the submission of bids and initial bid deposits (IBDs) for the 3.5 gigahertz spectrum band auction. The commission on…
- 29 Nov 2021
5G: NCC Approves Second Trial ahead Spectrum Auction
Nigerian Communications Commission (NCC) has approved a second trial of the fifth generation (5G) technology in the country as the deadline for submission of bids and Initial Bid Deposits (IBDs)…
- 24 Feb 2022
3.5GHz Spectrum: MTN, Mafab Pay for Licences
MTN Communications Nigeria Plc and Mafab Communications Limited, have made their full payment of $273.6 million each for the 5G Spectrum license to the Nigerian Communications Commission. Dr.…
- 9 May 2022
MTN Expresses Readiness to Deploy 5G ahead of Timeline
MTN Communications Nigeria (MTN Nigeria) Plc has said it was ready to roll out the fifth generation (5G) services ahead of the timeline contained in the Information Memorandum (IM) prepared by the…
- 30 Mar 2009
Globacom: World Class Institution Made in Nigeria
When Dr. Mike Adenuga Jr. proudly pulled the curtain to reveal Globacom after winning the Second National Operator (SNO) license in August 2002, the stage was set for the making of what is now the…
- 4 Nov 2021
NCC Targets $987m @ December 10 Auction of 5G Licenses
Nigerian Communications Commission (NCC) is expected to raise at least $987 million from the five slots of spectrum on offer for the deployment of the Fifth Generation (5G) services in the country.…
- 13 Apr 2015
NATCOM Consortium Pays Outstanding N29.6Bn for NITEL, MTel
NATCOM Consortium, the preferred bidder of Nigerian Telecommunications Limited (NITEL) and its mobile arm (MTEL), has paid $176,575,700 (N29,696,469,600) being the outstanding 70 per cent of…
- 9 Jan 2015
NATCOM Makes Part Payment of N12.7Bn for NITEL/MTEL
Bureau of Public Enterprises (BPE) said that the preferred bidder at the recently held liquidation of NITEL/MTEL had paid $75.7 million (N12.7 billion) as part payment of its $252.5 million bid…
- 20 Aug 2014
FG Extends Deadline for Afam, Kaduna Power Plants Bidders
Federal government has extended the deadline for the payment of the balance of 75 per cent of purchase price by the preferred bidders for Afam Power Plc and Kaduna Electricity Distribution Company by…
- 27 Aug 2013
Heirs Holdings Completes $300m Investment Ughelli Power Plant
President Barack Obama’s $7 billion US-backed Power Africa initiative has received a major shot in the arm with the announcement that full financing has been completed for the $300 million Ughelli…
- 10 Jan 2019
Adrian Wood’s Teleology Holdings Unserious- 9Mobile
9mobile has officially reacted to the alleged withdrawal of Teleology from the company, saying the company represented by Adrian Wood, former MTN chief Executive, was unserious and did not help much…
- 21 Jul 2024
9mobile Refutes Claims of N55Bn Debt to Keystone Bank
Board of Directors of Emerging Markets Telecommunication Services Limited, trading as 9mobile, has refuted reports suggesting that a court ordered the company to pay a N55bn debt to Keystone Bank. In…
- 1 Jul 2018
Teleology Asks for Additional 20 Days to Close 9Mobile Deal
Indications have emerged that Teleology Holdings Limited, the preferred bidder for the acquisition of telecommunication company, 9mobile, may have put the final seal on its move to take over as the…
- 17 Sept 2015
SEC Commences e-Dividend Mandate Management System Portal
The Securities and Exchange Commission (SEC) has announced that enrolment for e-Dividend payments can now be efficiently conducted at Bank and Registrar branches nationwide through the online…
- 4 Mar 2018
Banks Outsource Payment Gateway Services to Fintech
Some money deposit banks have started the outsourcing of their payment gateway services to payment platform providers, in a bid to ensure efficient service delivery and focus on traditional banking…
- 21 Aug 2014
Mobile Money Platform Gets Boost with Glo Xchange
Mobile money financial services in the country received boost with the launch of Glo Xchange, a mobile money agent network that is aimed at accelerating the mobile money revolution in the country.…
- 22 Jun 2018
SEC Deepens Grassroots Financial Inclusion Campaign
The Securities and Exchange Commission (SEC), has offered an enlightenment opportunities to residents of Kwali Area Council of Abuja on the meaning and essence of financial inclusiveness, as it…
- 31 Aug 2010
CBN Releases Guidelines for N300 Billion Power, Aviation Intervention Fund
The Central Bank of Nigeria (CBN) has announced the establishment of N300 Billion Power and Aviation Intervention Fund as well as the release of guidelines for the disbursement of the fund. The apex…
- 21 Jul 2024
CBN Expects N20trn from Dormant Accounts
Central Bank of Nigeria (CBN) has directed banks and other financial institutions to deposit unclaimed balances and funds in dormant accounts to the apex bank accounts. According to the CBN the…
- 19 Feb 2025
Fidelity Bank's CSR Initiative Boosts Educational Infrastructure in Benin and Abuja
Fidelity Bank Plc, a leading financial institution, has once again demonstrated its unwavering commitment to enhancing its host communities’ lifestyles. Through its dedicated education Corporate…
- 15 Mar 2022
CBN Releases Guidelines for Cash Hubs Operations
In a bid to ease huge cash management and deepen financial inclusion, the Central Bank of Nigeria has released guidelines for the operation of the Bank Neutral Cash Hubs. According to a statement on…
- 14 Mar 2022
CBN Sets N1m Limit for Cash Collection Centres
Central Bank of Nigeria (CBN) has pegged the minimum transaction limit for corporate and individuals transacting with Bank Neutral Cash Hubs at N1m and N500,000 respectively. Godwin Emefiele, CBN…
- 15 Jan 2016
Customers Shun Domiciliary Accounts, Fear CBN Policy Summersault
Bank customers are shying away from making cash deposits into their domiciliary accounts three days after the Central Bank of Nigeria (CBN) lifted the ban on foreign currency deposits, over…
- 31 Aug 2009
Oceanic Bank Commends Customers
John Aboh, chief executive officer, Oceanic Bank International Plc has expressed his appreciation to the bank’s customers for keeping faith with it in the face of recent developments in the…
- 22 Dec 2020
Coca-Cola Takes ‘Project Revive’ to Sangotedo to Boost Environmental Sustainability Efforts
Coca-Cola Nigeria Limited and its bottling partner, Nigerian Bottling Company, RecyclePoints, a waste recycling and social benefit organization, have continued the implementation of “Project Revive”…
- 23 Apr 2018
Regulator, Market Operators Mull e-IPOs
A committee comprising of the Securities and Exchange Commission (SEC), Nigeria Stock Exchange (NSE), Central Securities and Clearing System(CSCS), and six other organisations have been set up to…
- 18 Jun 2014
FBN Holdings Grows Earnings by 20% in 5years
FBN Holdings Plc has said it recorded 20 percent growth in gross earnings for the five year period with the figure growing to N396biilion in 2013 from N194 billion in 2009. The bank’s profit…
- 30 Nov 2009
RTGS Replacement: Perago Africa, CMA, Montran Meet CBN Requirements
Going by the critical requirements established by the Central Bank of Nigeria (CBN) for the Request for Proposal (RFP) for the deployment of a new Real-Time Gross Settlement (RTGS) solution for the…