Infrastructure News & Reports Telecom

ATC to Manage MTN’s N390Bn Towers Business in Nigeria

MTN Nigeria Communications PLC has selected American Tower Corp. (ATC) to take over its Nigerian tower operations from IHS Holding Ltd beginning from the year 2025. The company said it was pro-actively re-negotiating its tower contracts in Nigeria as the lease of approximately 2,500 of its network sites in its largest market, for which IHS …read more →

Banking and Finance Economy Infrastructure Infrastructure Financing News & Reports Technology Telecom

Digital Sector: FG Gets $500m for Local Funding – Minister

Communications and Digital Economy Minister, Dr. Bosun Tijani, has disclosed that the Federal Government has secured a $500 billion loan for a local funding programme. This initiative, he said, is aimed at boosting innovation and entrepreneurship within the country’s digital sector. The minister, who stated this at a dinner Friday organised in his honour in …read more →

Economy News & Reports

We’ll Include More People in N-Power Scheme, Pay Promptly – Betta Edu

Dr. Betta Edu, Minister of Humanitarian Affairs and Poverty Alleviation, says plans are underway to rejig the N-Power scheme to accommodate more people and ensure prompt payment of beneficiaries’ stipends. Edu disclosed this in a statement on Sunday by her Special Adviser, Media and Publicity, Mr Rasheed Zubair, in Abuja. The statement reported the Minister …read more →

AFRICAReports Infrastructure News & Reports Photo News Technology Telecom WORLDReport

Tinubu Meets Oracle Chief, Hints at Partnership with Big Techs for Efficiency

President Bola Tinubu, on Monday, expressed his support for new partnerships with global technology companies to ensure that data from public institutions are accurate and transparent in providing templates on which proper public sector planning and accounting can occur across sectors. Speaking at a meeting in the State House with the Global Vice President of …read more →

Infrastructure News & Reports Railway Transportation

Lagos Blue Line Rail Begins Operations as Sanwo-Olu Takes First Commercial Ride

Governor of Lagos State, Babajide Sanwo-Olu, has launched the Lagos metro train service called the Blue Line Rail by taking the inaugural commercial ride on Monday. The Governor boarded the train around 9.07 a.m. from the first coach and walked to the seventh coach. He also took it upon himself to be the ride manager, …read more →

Banking and Finance News & Reports

Access Pensions Surpasses N1 Trillion AUM Milestone

Access Pensions Limited, a subsidiary of Access Corporation, has achieved an astonishing feat, surpassing the N1 trillion mark in assets under management (AUM). In an impressive trajectory, the Company – which emerged from the business combination of Sigma Pensions and First Guarantee Pension in December 2022 – has scaled up its assets under management to …read more →

Housing Infrastructure News & Reports Photo News WORLDReport

Qatar to Boost Kaduna Mega Economic City with 500,000 Housing Units

The Qatari Government has inaugurated the construction of a 500,000 mass housing units project for vulnerable and less-privileged persons in Kaduna State. Qatar’s Ambassador to Nigeria, Dr. Ali Bin Ghanem Al-Hajri performed the official inauguration of the project on Wednesday in Kaduna. Al-Hajiri lauded Gov. Uba Sani for his support towards the success of the …read more →

AFRICAReports News & Reports Trade and Investments

LCCI Establishes ECOWAS/ AFCFTA Regional Integration Trade and Investment Committee

The Lagos Chamber of Commerce and Industry (LCCI) inaugurated the ECOWAS/ AfCFTA Regional Integration, Trade & Investment Committee (EARI-TIC) and named its initial members.  At the inauguration ceremony, the LCCI President, Asiwaju (Dr) Michael Olawale-Cole, underlined the priorities of peace, political stability, and good governance as some of the foremost promoters of regional integration, trade, …read more →

Banking and Finance Economy ENERGY Infrastructure Financing News & Reports

FCMB Offers N10 Million Clean Energy Loan to Households and Small Businesses

Nigerian households and small businesses looking to acquire solar panels, batteries, inverters, and other green energy equipment now have access to as much as N10 million to buy these assets through the First City Monument Bank (FCMB) Energy Finance Loan. The loan is designed to help homes and small businesses like hospitals, schools, restaurants, bars, …read more →