Business

Porting activities decline in Nigeria

Porting activities among telecommunications service providers declined by 8,248 in April, the Nigerian Communications Commission (NCC) has said. The “Incoming and Outgoing Porting Activities of Mobile Network Operators” report obtained by the News Agency of Nigeria (NAN) on Thursday in Lagos  showed that subscribers porting within the networks stood at 33,773 in April, as against […]

Business

Uber CEO to loose powers

Uber Chief Executive Officer Travis will be striped of some duties and an independent chair to be appointed to limit his influence, an advance copy of a report prepared for Uber board has revealed. Kalanick told staff he plans to take a leave of absence to grieve for his late mother, without disclosing a return […]

Business

Nigeria floats $300m Diaspora bond

The federal government has rolled out the first ever Diaspora bond of $300 million to raise funds from Nigerians in the Diaspora to finance capital projects. Mrs. Abike Dabiri-Erewa, the Senior Special Assistant to the President on Foreign Affairs and Diaspora, advised Nigerians to take advantage and invest in the bond. A statement by her […]

Business

CBN boosts FOREX market with $413.5m

The Central Bank of Nigeria (CBN) has intervened in the inter-bank Foreign Exchange market to the tune of $413.5 million, further underscoring its resolve to guarantee liquidity in the market as well as shore up the international value of the Naira. Giving a breakdown of the its latest round of intervention on Monday, the CBN […]

Business

Udoma worried over poor revenue generation

The Minister of Budget and National Planning, Senator Udoma Udo Udoma, has advised government agencies and parastatals not to depend totally on Federal Government’s budget to run their activities, but, rather up their quality of service to generate more revenue. Udoma who gave this advice during an inspection of the state of infrastructure and working […]