| Friday, February 21, 2020 |
9mobile invests $220m in 4G expansion 9mobile says it is investing $220m in the expansion of its 4G LTE to more Nigerian cities as part of efforts to deepen broadband penetration in the country. The company at a press conference in Lagos on Thursday said it had added 10 new cities and towns across Nigeria to its 4G network and upgraded LTE services in existing six cities…read more.
Protect your investments, SEC urges army officers The Securities and Exchange Commission has urged officers and men of the Nigerian Army, who have invested in the capital market to explore all available channels to protect their investments. The acting Director General, SEC, Ms. Mary Uduk, gave the advice during a visit to the 9 Brigade Nigerian Army in Ikeja, Lagos, on Thursday….read more.
Senate panel to review Nigeria’s budgeting process The Senate on Thursday set up a roundtable panel to ensure a proper budgeting process for the country. The Deputy President of the Senate, Ovie Omo-Agege, announced the setting up of the panel following a motion sponsored by Senator Stella Oduah…..read more.
MAN insists on negotiation mandates, others for AfCFTA implementation Preparatory to the implementation of the African Continental Free Trade Area (AfCFTA), in July, the Manufacturers Association of Nigeria (MAN), has insisted that key technical concerns should be addressed with a strong commitment on the government’s part to enhance competitiveness…..read more
Institute, others seek improved tax system to enhance revenue Tax authorities and other critical stakeholders have said there is an urgent need to address some key issues in the Finance Act, as well as improve the tax system if the government must generate more revenue….read more.
Shippers Council, Customs partner to ensure compliance to e-Platform Electronic Customs platform is the appropriate technology that will gladden the hearts of many, as synergy among the regulators.To boost Federal Government’s revenue drive, the Nigerian Shippers’ Council (NSC), and the Nigeria Customs Service (NCS), have partnered to ensure shippers complied with procedures at the seaports to curb unnecessary delays in cargo clearing….read more.
NSE Launches Comic Book to Promote Financial Literacy As part of efforts to promote financial literacy, the Nigerian Stock Exchange (NSE) has launched a comic book known as StockTown. The book makes use of illustrated characters story to educate readers of all ages about the importance of savings and investment…..read more.
SECCIMA Urges FG to Create Enabling Business Environment The South East Chamber of Commerce, Industry Mines and Agriculture (SECCIMA) has urged the federal government to create an enabling environment to promote the growth of businesses and economic development across the country….read more.
Low consumer spending hurts bottom line of Truworths Retailer Truworths sited low consumer spending and confidence in South Africa and the U.K market for the decrease in its operating profit by 2.3 per cent to R2.3 billion. The company expects its sales in South Africa to remain constrained in the medium term with account sales for the period increasing by 4.3 per cent and cash sales declining by 1.2 per cent.Michael Mark,…read more.
CBN floats N300bn OMO auction The Central Bank of Nigeria (CBN) floated an OMO Auction worth N300 billion today. Oluwatosin Ayanfalu, Fixed Income Broker at Zedcrest Capital joins CNBC Africa for a review of Nigeria’s fixed income and forex market….read more.
AU Summit 2020: Unpacking key outcomes from the 2020 AU Summit Africa stands on the cusp of a transformation that may forever change its fortunes for the better. The formal beginning of trading under the African Continental Free Trade Area in July promises to usher in a new chapter in the continent’s storied history, marking its strongest attempt yet to create the one continent promised by independence fathers such as Kwame Nkrumah. So the question is, are we there yet?…read more.