February 3, 2020

Telecoms subscribers have started paying more for calls and data services as the federal government begun February 1, the implementation of the 7.5 per cent VAT, which was increased from 5 per cent.

Telcos Hike Tariffs for Calls, Data as FG Begin 7.5% VAT

Gbenga Adebayo and Gbolahan Awonuga, chairman, and head of Operations, respectively of Association of Licensed Telecommunications Operators of Nigeria (ALTON), have confirmed in a st...

January 24, 2020

Jumia Technologies, which last year became Africa’s first tech firm to list in New York, will focus on proving it can turn a profit after a bruising 2019, one of its co-founders told Reuters.

Jeremy Hodara said the company aims to capitalise on its payment platform and infrastructure network and to boost revenue from services for third-party sellers on its online marketplace.

“We’re going to be extremely disciplined and very focused o...

Federal government is considering repossession of 10 electricity distribution firms as one of the options to rescue the nation’s beleaguered electricity industry.

According to the Punch, this is coming ahead of the scheduled final performance review of the private firms that bought into the distribution companies carved out from the defunct Power Holding Company of Nigeria (PHCN).

However, document available to one of our corresponde...

Nigeria’s Ambassador to the United Arab Emirates (UAE), Mr Mohammed Rimi, announced in Dubai on Sunday that Nigeria’s Bilateral Air Services Agreement (BASA) with UAE recognises Air Peace as Nigeria’s flag carrier on the lucrative Lagos-Dubai air route.

“Air Peace is now recognised as a national carrier, based on the BASA and whatever the airline is doing will be linked to Nigeria,’’ the envoy said at a ceremony to formally welcome A...

The Nigerian Postal Service (NIPOST) generated a total of N19.7bn from its operations in 2018; and the bulk of the sum came from electronic stamp duty.

The breakdown showed that NIPOST made about N7bn from its core operations, a total of N12.7bn was generated from electronic stamp duty.

The N7bn generated through core postal services was slightly below the N7.04bn which NIPOST generated through similar activities in 2017.

According to...

September 24, 2018

Olusiji Ijogun, chairman of Konga, Nigeria’s composite e-commerce giants, has revealed that the company is set to invest N2.9bn in its logistics arm, Kxpress to build a world-class delivery solutions  company that will resolve the logistics challenges in Nigeria.

He made this assertion when a section of the media caught up with him at a party held at Sheraton Hotel, Ikeja on Saturday, September 22nd 2018.

Ijogun, who was congratulate...

September 19, 2018

The Federal Government said it is enforcing the mandatory use of the National Identification Number (NIN) beginning from January 1, 2019, according to Aliyu Abubakar, director-general of the National Identity Management Commission (NIMC).

Abubakar said the mandatory usage of the identification number was sequel to Federal Executive Council (FEC’s) approval last week of the immediate commencement of the implementation of a strategic r...

September 17, 2018

Nigerian carrier, Air Peace, has signed a multi-million dollar agreement with aircraft manufacturers, The Boeing Company, for the purchase of 10 brand new B737 Max aircraft.

The agreement was signed on Thursday at the United States Consulate in Lagos by the Chief Executive Officer of Air Peace, Mr Allen Onyema and Boeing Sales Director for West and Central Africa, Mr Larry Tolliver.

Speaking at the ceremony, Onyema said each of the Ma...

September 12, 2018

Africa is not ready for next-generation 5G network but would likely be ready to embrace the super-fast technology in about five years from now, Rob Shuter, MTN’s chief executive officer said on Tuesday.

Shuter told Reuters at a telecoms conference in Durban that his position was due to the fact that most phones in Africa worked fine on just 3G.

5G networks, now in the final testing stage, will rely on denser arrays of small antennas a...

September 3, 2018

European digital money transfer service, has announced a strategic partnership with leading African payments business, Interswitch Group, to further enable instant money transfers from 23 countries in Europe to any customer in Nigeria.

Speaking on the partnership, Michael Kent, Founder and CEO of Azimo, stated that Nigeria’s teeming population makes it Azimo’s biggest market.

He said: “A huge and rapidly growing population, coupled wi...

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