30 results
- 26 Jan 2009
Telkom Eyes Converged Services for Multi-Links, Plans $533m Capital Expenditures
Multi-Links Telkom, pioneer private telecommunications operator is set to introduce converged fixed and mobile services to the Nigerian market, thanks to the fresh impetus from the recent total take…
- 26 Dec 2013
FG Plans to Spend N59Bn on Ex-Militants
The Federal Government plans to spend an estimated N59 billion on ex-militants, according to details of the 2014 Appropriation Bill presented to both arms of the National Assembly last week. A…
- 7 Sept 2016
MTN Tests Nigeria’s IPO with Bond Offer
MTN Group Ltd. plans to gauge investor interest in a possible bond offering as Africa’s biggest mobile-phone company by sales seeks funds to pay for dividends, capital expenditure and a record 330…
- 5 Jun 2019
Communications Ministry Budgets N35M on Computer Software in 2019
Ministry of Communications has budgeted N35.99million for Computer software acquisition out of the N5 billion allocated to the ministry as capital expenditure in the 2019 budget. Also, research and…
- 3 Aug 2025
Airtel Nigeria Raises Infrastructure Spending to $39m
Airtel Africa Plc increased its capital expenditure in Nigeria to $39m in the second quarter of 2025, up 1.7 per cent from $38m in the same period last year. According to the company’s financial…
- 24 Feb 2017
Hafol’s Partners Showcase Tech Innovations for Reduced Capex
New technological innovations that offer cost-effectiveness in the areas of reduced capital expenditure (CAPEX) and operational expenditure (OPEX) for businesses and organisations in Nigeria have…
- 20 May 2016
MTN Raises Expenditure in Nigeria to $1Bn
MTN group has raised Nigeria’s capital expenditure (Capex) target for 2016 to about $1 billion from $700 million, despite the outstanding $3.4 billion fine issued on the telecom giant by the Nigerian…
- 18 Mar 2024
Coronation Report Reveals Key Role of Private Sector to Nigeria’s Infrastructure Funding
The maiden edition of Coronation group infrastructure report has revealed that the private sector has a critical role to play in infrastructure funding in Nigeria. The report stated that the key to…
- 4 Jun 2025
MTN Nigeria Plans N900Bn in Service Upgrade
MTN Nigeria has announced plans to embark on a massive capital expenditure (CAPEX) drive in 2025, committing nearly N900 billion to significantly enhance network service quality across Nigeria. Dr.…
- 6 May 2015
FG Borrows N473Bn in 4 Months to Finance Budget
Federal government has borrowed the sum of N473 billion in the past four months to finance this year’s budget and not released any funds for capital expenditure, as lower oil prices eat into its…
- 3 Feb 2022
Meta Shares Sink Amid Facebook Global Daily User Decline
Social media platform Facebook’s global daily users have seen a slight decline – a first in the company’s 18-year history. This emerged when Meta, Facebook’s parent company, yesterday reported…
- 10 May 2014
Capital Investment Improves Network Performance, Better RoI-Survey
Increased level of investments in network quality and performance create sustainable competitive advantages and improved financial returns for network operators, a new study commissioned by Ericsson…
- 23 Nov 2022
Norsad Capital Provides CABS Zimbabwe with a Medium-term Credit facility of USD10 million
Norsad Capital, an impact investor, and private creditor provider, offering tailor-made debt solutions to mid-market growth companies in Sub-Saharan Africa, has provided Central Africa Building…
- 26 Nov 2015
Cost of Governance: Buhari Approves E-Unit for FMF
‎In line with the current administration’s resolve to institute reform policies that will ensure effective management of the nation’s economy and reduce cost of governance, President…
- 4 Mar 2013
Senate Says FG Idle, Bemoans Abandoned Projects
The Senate has returned a damning indictment on the Presidency which it accused of underperformance and policy somersaults as well as failure to use national budgets to impact positively on…
- 14 Mar 2015
Reliance Infosystems Excites Customers with Microsoft Cloud Services
In partnership with Microsoft Nigeria, Reliance Infosystems has unveiled Microsoft Azure as a timely measure to alleviating high IT capital expenditure by businesses. In a joint statement released at…
- 24 Nov 2008
Telecom Growth on Track but Beware of Landmine
Communications market research firm Infonetics Research has reported that worldwide service provider capex (capital expenditures) are on track to reach $275 billion in 2008, up 10.5per cent from the…
- 28 May 2025
MTN Nigeria Invests ₦900Bn in 2025 to Boost Network Quality in Lagos & Abuja
MTN Nigeria has announced a massive capital expenditure (CAPEX) drive for 2025, nearly doubling its investment to almost 900 billion Naira, as it seeks to significantly enhance network service…
- 13 Feb 2026
Nigeria’s $1trn Push: MTN Pledges Heavy CAPEX Investment
MTN Nigeria has committed to significant capital expenditure (CAPEX) for 2026 to catalyse the Federal Government’s $1 trillion economy ambition. MTN Group President and CEO, Ralph Mupita; MTN…
- 30 Apr 2025
MTN Nigeria Invests N202.4Bn in Q1 2025 to Enhance Network Capacity
MTN Nigeria Communications Plc has invested N202.4 billion in capital expenditure (Capex) in the first quarter of 2025, marking a 159 per cent increase compared to the same period last year. The…
- 24 Oct 2012
Floods Slow MTN’s $1.3Bn Modernisation Project
MTN Nigeria said its network modernisation being implemented as a part of its $1.3 billion capital expenditure budget is being challenged by the flood disaster and the increasing wave of insecurity…
- 26 Feb 2026
Telecom Giant MTN Injects N1.0 Trillion CAPEX into Network Expansion
In a bold move to future-proof Nigeria’s telecommunications infrastructure, MTN Nigeria embarked on a massive N1.0 trillion Capital Expenditure (CAPEX) drive, backed by its record-breaking 2025…
- 5 Jan 2025
Microsoft to Boost AI Growth with $80Bn Investment
Microsoft has announced plans to invest $80 billion in the 2025 fiscal year to expand its data centre infrastructure. The investment will focus on supporting the training of artificial intelligence…
- 24 Dec 2014
GEJ, Deputy to Spend N4Bn on Food, Travels in 2015
President Goodluck Jonathan and Vice President Namadi Sambo will spend over N4billion on food and travels in 2015, according to the details of the budget proposal submitted to the National Assembly…
- 21 May 2013
Signal Alliance, SAP Partner on Asset Management Solution
Signal Alliance a foremost systems integration ICT company has partnered SAP, the global leader in enterprise business solutions to offer best in class business planning and execution solutions…
- 20 Jan 2014
FG Targets N7.50Trn Revenue in 2014 Budget
Dr Ngozi Okonjo- Iweala, Minister of Finance, said that the 2014 budget envisaged a net collectible revenue of N7.50 trillion. Okonjo-Iweala, who is the coordinating minister for the Economy, said…
- 8 Jun 2026
Telcos Fault Data of FDI Flow, Claim Investment of N1.86 Trillion on Service Expansion
Association of Licensed Telecom Operators of Nigeria (ALTON), official industry umbrella body and pressure group for major mobile network operators in the country, has faulted claims that foreign…
- 23 Jun 2019
Airtel Inks N50Bn Loan Agreement with Banks
Airtel Nigeria has signed a five-year loan agreement with a number of Nigerian banks. This is coming as the telecommunication company, prepares to list its shares on the Nigerian Stock…
- 31 Oct 2021
Ten Reasons Your Company Needs Cloud-Based Servers
Data Breach Alert!!! Have you ever considered a cloud-based server for your business? If you haven't, you need to read this mail to the end to know why your company needs it. The cloud is useful for…
- 14 Oct 2015
Intel Says Data Center Business to Grow less than Expected
Intel Corp cut revenue growth forecast for its highly profitable business of making chips for data centers as businesses reduce spending due to weak macroeconomic growth. The world's biggest…