NCC Increases International Termination Rate

By Modupe Gbadeyanka On Wednesday, October 11, 2023, stakeholders within the telecoms and ICT ecosystem gathered at Fraser Suites in Abuja to discuss Modernization and Digitization, the theme of an event organised by Airtel Nigeria. The Director of Airtel Business at Airtel Africa Plc, Mr Luc Serviant, while addressing the participants, emphasised the company’s commitment to fostering collaboration and partnerships that drive progress and innovation. He highlighted Airtel Nigeria’s dedication to endowing the public sector through cutting-edge technologies, enabling transformative change on a national scale. “At Airtel, we are happy to discuss connectivity, innovation & technology, digital pillars, cloud security,

By Adedapo Adesanya The Ministry of Communications, Innovation, and Digital Economy on Friday opened the application process for the first phase of the three million tech talents training programme (3TTT). The programme is in line with President Bola Tinubu’s vision of creating 2 million digital jobs by 2025, which is aimed at building Nigeria’s technical talent backbone to power the country’s digital economy and position Nigeria as a net talent exporter. Business Post had reported earlier this week that Mr Bosun Tijani, the country’s Minister of Communications, Innovation, and Digital Economy, has said the target will be reached through three

By Aduragbemi Omiyale A new data centre business known as Nxtra by Airtel has been unveiled by Airtel Africa Plc, with Mr the former head of Global Data Centre Portfolio Management at Amazon Web Services, Mr Yashnath Issur, appointed to lead the new organisation. Mr Issur is armed with about 16 years of experience in the industry and has, over the past year, built a team of experts to execute the strategy. Business Post gathered that Nxtra was established to meet Africa’s growing needs for trusted and sustainable data centre capacity and to serve the fast-growing African digital economy. The

By Dipo Olowookere The FGN bond auction for the month of August 2019 held yesterday suffered a low subscription rate when compared with the previous exercises, Business Post reports. The Nigerian government, through the Debt Management Office (DMO), had approached the local bond market to borrow the sum of N145 billion from investors. However, at the Naira-denominated exercise, traders staked N139.58 billion for both competitive and non-competitive bids, with the former comprising N95.09 billion and the latter N44.49 billion. During the bond auction, the debt office offered N40 billion for the 5-year paper, N50 billion for the 10-year note and

By Aduragbemi Omiyale There is every possibility for an upgrade in the ratings of Ecobank Transnational Incorporated (ETI) and Ecobank Nigeria Limited (ENG) if the exchange rate volatility in Nigeria eases. This is the position of a global rating agency, Fitch, in its latest rating action. The firm had placed the Viability Ratings (VRs) of ‘b-‘ and Long-Term Issuer Default Ratings (IDRs) of ‘B-‘ on Rating Watch Negative (RWN) on the lender following the sharp devaluation of the Nigerian Naira by the Central Bank of Nigeria (CBN) a few weeks ago. Fitch, in a statement, indicated that the current RWN

By Adeniyi Ogunfowoke Wikipedia describes electronic waste or e-waste as discarded electrical or electronic devices. It added that they are used electronics which are destined for reuse, resale, salvage, recycling or disposals are also considered e-waste. Surprisingly, these discarded electronic devices don’t end up in China, The United States of America, Indonesia, and England. They come straight to Africa and route it to Nigeria. So, why is Nigeria an attractive destination for e-waste? Jumia Travel, identifies 5 reasons. We love cheap products Cheap products and some Nigerians are like Siamese twins. They are inseparable. Funny enough, some sellers will encourage

By Ahmed Rahma An American multinational technology company, Google, has threatened to remove its search engine from Australia over a proposed media code that requires the tech giant to pay for news contents. According to reports, the Managing Director of the firm’s Australian operations, Mel Silva, informed a Senate enquiry that the code was unworkable and the company was unable to calculate the financial risks. The MD said, “Leaving the Australian market is the only rational choice if this law were to pass”. Silvia compared paying news outlet for displaying links to their content to recommending coffee shops to a

By Adedapo Adesanya Following a statement made recently by the World Bank President, Mr David Malpass, saying that development banks, including the African Development Bank (AfDB) and their lending policies were weighing heavily on Africa’s debt problems, the AfDB has fired a salvo, affirming that the remarks were inaccurate and not fact based. In a statement issued by the regional lender, it was reiterated that Mr Malpass not only impugned the integrity of the bank, but undermined its governance systems, and was wrong to imply that they operate under different standards from the World Bank. “The African Development Bank provides

By Dipo Olowookere Despite reversing the bearish investor sentiment, the Nigerian Exchange (NGX) Limited recorded a loss of 0.48 per cent on Thursday on the back of sustained profit-taking. According to data obtained by Business Post, the stock exchange, at the close of trading activities, printed 20 price gainers and 15 price losers led by Veritas Kapital, which dropped 8.70 per cent to settle at 21 kobo. UAC Nigeria depreciated by 7.49 per cent to N10.50, Transcorp Hotels fell by 6.78 per cent to N4.95, UPDC REIT went down by 2.94 per cent to N3.30, while Ecobank lost 2.92 per

By Modupe Gbadeyanka MTN Ghana has finally concluded the Initial Public Offering (IPO) it started some weeks ago, though the telecommunications giant was unable to realized the total amount it was planning to raise from the exercise. Business Post gathered from the statement issued by MTN Ghana yesterday to the Ghana Stock Exchange (GSE) that only about one third of the shares it offered, precisely 32.97 percent of the total offer amount, were subscribed to by both retail and institutional investors also comprising Ghanaians and foreigners. According to the statement obtained by Business Post, MTN Ghana sold 1.5 billion shares

By Quantitative Financial Analytics NIFEX Spot The FMDQ NIFEX Spot remained unchanged at N315.125 for the second day in a row at the end of business on November 22, 2016. Open Interest and Volume Analysis Open interest in currency futures increased by 1.47%, (57.19) from 3,880.14 to 3,937.33 as investors rush to beat possible price increase by the CBN, a process that has come to characterize the currency futures market at each pre expiration  date. Mark to Market Analysis and Attribution The estimated Mark to Market (MTM) of open interest now stands at N214.57 billion, an increase of 1.51%, (N3.19