Business Telecommunications Top Story

MTN and Airtel Africa among bidders for Nigerian 5G licences

Reading Time: 2 minutes Nigeria’s telecoms regulator, Nigerian Communications Commission (NCC) has picked MTN Nigeria, Airtel Africa. and Mafab Communications to bid for 5G licences at an auction set for Dec. 13, it said on Thursday. NCC had said in July that it expected to start auctioning spectrum for the next-generation 5G network in the fourth quarter of this Read More…

Metro Power Top Story

Sanwo-Olu moves to deliver 50 megawatts/20 hrs of electricity to Lagosians

Reading Time: 2 minutes Babajide Sanwo-Olu, Lagos State Governor, has disclosed plans to deliver 50 MegaWatt of electricity for 20 hours daily to residents through the Lagos State Electricity Policy. The governor made this known in a statement on Saturday signed by Mr Kayode Oyekanmi, Director Public Affairs, Ministry of Commerce, Industry and Cooperatives (MCIC). Sanwo-Olu said the development Read More…

Aviation Business National Top Story

Nigeria to launch new national airline by April, says Sirika

Reading Time: 2 minutes Image Credits: International Maritime Organization. The Muhammadu Buhari administration will not leave in 2023 without establishing a new national airline. The timing is even closer. In spite of the numerous hiccups which have bedevilled its launch in the past, the Nigerian government says it will launch a new national airline by April. When it does Read More…

Business Metro Planning Top Story

It’s a green ‘budget of consolidation’ as Sanwo-Olu proposes a spending bill of N1.4trn

Reading Time: 4 minutes Perhaps in going with the momentum of COP26, Lagos State intends to spend 10 per cent of its earmarked N1.38 trillion in 2022 on green investment in the environment, social protection, housing and community amenities. In the main, Lagos State has earmarked a huge capital expenditure of N823billion representing almost 60 per cent of the Read More…

Metro Planning Top Story

Lagos and Kano seek one per cent revenue allocation for megacity status

Reading Time: 2 minutes Image Credits: Lagospedia, LASG. Lagos and Kano States are collaborating to get an extra one per cent of revenue allocation for their megacity status. This was revealed by the Kano State Governor, Abdullahi Danguje, in a statement issued on Tuesday by his Chief Press Secretary, Abba Anwar. In the statement, Gov Ganduje said that Lagos Read More…

Business Entrepreneurship Top Story

How to become a successful millionaire

Reading Time: 2 minutes Image Credits: iStock. Amy Khalaf asked this question in Quora: How could I make a million dollars before 30 years old? The most appropriate answer came from Tea Maksoud, a writer and a marketing graduate. I’ve studied over 40 millionaires and finally found out their secret to wealth. It took me a long time to Read More…

National Telecommunications Top Story

Nigeria ready to deploy 5G technology with impending auction of 3.5GHz telecom spectrum

Reading Time: 4 minutes It is no longer a question of if but when Nigeria will unbundle the 5th Generation mobile network (5G technology). This reality is coming with the impending auction of the 3.5GHz spectrum band. On Thursday, a stakeholder engagement forum was held at the Marriott Hotel, Ikeja, on the draft Information Memorandum (IM) on the auction Read More…

Business Oil & Gas Top Story

COP 26: Akinwumi Adesina advocates gas for stable power supply

Reading Time: 2 minutes Image Credits: Getty Images/Ron and Patty Thomas, Eric Roset/Africa Progress Panel. Says even if Africa triples gas consumption, only 0.67% of global gas will be emitted African Development Bank President Akinwumi Adesina said on Thursday that gas remained critical for African economies despite the global push to end investments in fossil fuels as the world Read More…

Business Telecommunications Top Story

MTN Group sells 575 million ordinary shares in Nigerian business

Reading Time: < 1 minute Image Credits: Bloomberg. The MTN Group has announced plans to sell 575 million shares in MTN Nigeria. This is contained in a notice signed by the Company Secretary, Mrs Uto Ukpanah on Thursday in Lagos. The statement said the public offer would be by way of book build to institutional investors and fixed prices to Read More…

Business Telecommunications Top Story

Airtel Africa eyes broadband and mobile money boost after bumper first half

Reading Time: 2 minutes Image Credits: REUTERS/Thomas Mukoya. In picture above: A general view shows customers and employees inside a mobile phone service centre operated by Kenyan telecom operator Airtel Kenya at the Sarit Centre within the Westlands district of Nairobi, Kenya January 29, 2021. REUTERS/Thomas Mukoya NAIROBI, Oct 28 (Reuters) – Airtel Africa expects a boost from growing Read More…