9Mobile’s hunt for growth pays off as April figures end one year decline in market share
9Mobile is pushing the boundaries under a new leadership to attract subscribers back to its platform after going an entire year without growth in voice subscribers. April figures released in June showed that 9Mobile has broken its one year run of losses as voice subscribers rose to 12,568,088 from 12,123,185, adding 444,903 for the first […] Read More
NCC halts spectrum trading, new policy to be adopted
The Nigerian Communications Commission on Wednesday said it has suspended the Spectrum Trading Guidelines of 2018 for the Nigerian telecommunications industry. A statement by the Director of Public Affairs of NCC, Dr Henry Nkemadu, stated that the Board of Commissioners of the regulatory agency made the decision recently after deliberating on it. He asked all […] Read More
CBN postpones intervention-loan repayment for one year
The Central Bank of Nigeria has said it is giving one-year moratorium on all principal repayments for COVID-19 intervention loans through its participating Other Financial Institutions with effect from March 1, 2020. The apex bank said this in a circular signed by the Director, Financial Policy and Regulation Department, Kevin Amugo, on Wednesday. It also […] Read More
Airlines to undergo certification before flights resumption
The Federal Government is to certify airlines and other operators in Nigeria before the resumption of flights once the country’s airspace and airports are re-opened for commercial operations. It was also gathered on Wednesday that all operators in the country’s civil aviation space were required to inform the government five days ahead before resuming operations. […] Read More
LIRS pushes deadline for annual returns filing to June 30
Lagos State Government through the Lagos State Internal Revenue Service says it has extended the deadline for filing of annual tax returns to June 30, 2020. A statement from the LIRS’s Head, Corporate Communications, Monsurat Amasa, said this was part of Lagos State’s effort to provide the needed relief to taxpayers and mitigate the economic […] Read More
Online transactions hit 3.4 million during Eid-el-Fitr
Bank customers carried out about 3.4 million transactions on Nigeria Interbank Settlement System Instant Pay platform recorded on the second day of Eid-el-Fitr, live updates provided by the NIBSS have shown. As Muslim faithful across the country celebrated the conclusion of their fasting season, funds transfer and online payment of bills via NIP hit exactly […] Read More
IMF advise Banks to halt dividends payments
The International Monetary Fund has advised commercial banks to retain their earnings by suspending payment of shareholders’ dividends during the COVID-19 pandemic. The IMF Managing Director, Kristalina Georgieva, made the call in an article entitled ‘Halt bank dividends and buybacks now’, which was posted on the organisation’s website. Georgieva said retaining earnings through suspension of […] Read More
Power generation sinks further below to 2,627MW
The number of the nation’s power plants sitting idle increased by three on Monday to 10, prompting generation to tumble below 3,000 megawatts. Total power generation in the country fell to 2,626.9MW as of 6am on Monday from 3,738MW the previous day, according to the Nigerian Electricity System Operator. Twenty-two power plants generated 3862.8MW as […] Read More
We received 26,169 subscriber complaints in 16 months – NCC
The Nigerian Communications Commission says it has received a total of 26,169 complaints related to telecom quality of service from January 2019 to April 2020. The commission, in a public notice signed by the Director, Public Affairs, Dr Henry Nkemadu, said 98 per cent of the complaints had been resolved while the remaining were being […] Read More
LASG to put measures in place to curb fuel tanker accidents
The Lagos State Government has said it is set to stop the incessant truck accidents taking the lives of innocent citizens. The government said it convened a stakeholders’ meeting with key representatives of the downstream energy sector to deepen safety awareness of operators, given the spate of fire incidents involving petroleum tankers in recent times. […] Read More
