Business

Page: 3

Sell pressure on blue chip stocks such as Cadbury, Guiness, Nigerian Breweries, MTN Nigeria and International Breweries prompted gains at the Nigerian Exchange Ltd.,(NGX) on Thursday. The upward movement extended the bourse’s gaining streak, moving the All Share Index up by 1.42 per cent, gaining 709.54 basis points to close at 50,835.95 points compared with […]

The Nigerian Electricity Regulatory Commission (NERC) has given Port Harcourt Electricity Distribution Company (PHEDC); Jos Electricity Distribution Company (JEDC); Kano Electricity Distribution Company (KEDC); Kaduna Electricity Distribution Company (KEDC); Jos Electricity Distribution Company (JEDC); Ikeja Electricity Distribution Company (IKEDC) and Ibadan Electricity Distribution Company (IBEDC) approval to increase their tariff rates. The new approval took […]

The Nigerian Communications Commission (NCC) has confirmed the issuance of the final letters of award of the Fifth Generation (5G) Spectrum Licences to MTN and Mafab Communications. The two companies were winners of the 3.5 gigahertz (GHz) spectrum auction conducted by the Commission on Monday, December 13, 2021. A statement from the NCC disclosed that […]

The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 98 basis point. The NGX ASI closed at 50,126.41 points, to reflect a growth of 0.98% from the previous trading day and a Year-to-Date (YTD) return of 17.35%. Meanwhile, the market capitalization grew by N262.80 billion. […]

The National Drug Law Enforcement Agency, NDLEA, has said that the ongoing investigation of an alleged billionaire drug baron, Chief Afam Mallinson Ukatu, has led to the discovery of how the suspect imported into Nigeria in a single month, October 2019, 2 containers containing 1,284 cartons of Tramadol with a market value of over N22 […]

The Central Bank of Nigeria (CBN) has developed guidance on anti-money laundering/combating the financing of terrorism (AML/CFT) for other financial institutions (OFIs). In a circular signed by Chibuzo Efobi, director, financial policy and regulation department, this is to assist the sub-sector in the identification, assessment, as well as mitigation of money laundering and terrorist financing […]

Telecommunications company, MTN Nigeria Plc has released its Q1 2022 financial results revealing a profit of N97 billion. This reflects a whopping 31.28% increase compared to N74 million in the corresponding period of 2021. The period in review witnessed impressive returns from the company’s segments which are Voice, Data, Interconnect & Roaming, SMS, Digital, Value-added […]

The gross domestic product of the largest economy in the world, the United States of America contracted by 1.4% in the first quarter of 2022. This represents a sharp fall from the 1.7% growth (6.9% annualized) recorded in Q4 2021. This was announced by the Commerce Department of the US on Thursday, 28th April 2022. […]

The Nigerian Communications Commission (NCC) has commenced the process of conducting a study to assess the current level of competition in the colocation and infrastructure sharing (CIS) segment of the Nigerian telecommunications sector. The infrastructure sharing companies build and lease telecoms infrastructure such as base stations to network operators. Their operations allow the likes of […]

The Federal Government said the Badagry Seaport would generate about $2.6 billion and create 5,000 direct and indirect jobs when operational. Mr Micheal Ohiani, the Acting Director-General, Infrastructure Concession Regulatory Commission (ICRC), said this when he led a team to visit the Minister of Transportation, Rotimi Amaechi, on Wednesday in Abuja. Ohiani also presented the […]


Broadstreet

Current track

Title

Artist

Background