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…
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 and Kano States were Read More…
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 piece together the Read More…
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…
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 transitions to cleaner fuels. Speaking from the side-lines at the COP26 Read More…
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 retail investors. “Today Read More…
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 demand for mobile broadband Read More…
The digital currency, the eNaira, will be launched on Monday. This is coming many months after the Central Bank of Nigeria (CBN) barred banks and financial institutions from dealing in or facilitating transactions in cryptocurrencies. The digital currency will be launched by the Nigerian President, Muhammadu Buhari at State House, Abuja. Central Bank of Nigeria Read More…
Owns five per cent FBN Holding shares, bank group confirms FBN Holdings (FBNH) Plc on Saturday has now confirmed that Mr Femi Otedola has indeed acquired a 5.07 per cent equity stake in the company. This is coming barely 24 hours after it denied notification of possible acquisition of bulk shares by the business mogul. Read More…
The Nigerian Exchange Limited (NGX), has announced the resignation of Mr Oscar Onyema, as Non-Executive Director, ahead of NGX Group’s Friday listing. The Chairman, NGX, Mr Abubakar Mahmoud, said this in a statement on Thursday in Lagos. He said that the resignation was with immediate effect. Onyema’s resignation comes on the back of the imminent Read More…