Telecoms companies on Tuesday accused banks of converting the Unstructured Supplementary Service Data (USSD) channel, which should be a service channel dedicated to promoting financial inclusion, into a revenue line. In a letter addressed to the Body of Banks’ Chief Executive Officers (BOBCEOS), the telcos, acting under the aegis of …
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A consortium of 7 local and international lenders has signed an agreement to refinance Neconde Energy Limited’s existing Senior Secured Medium-Term Loan Facility Agreement worth $640 million with Neconde Energy Limited, an indigenous Oil and Gas Exploration and Production company, following the 20 year renewal of the Oil Mining License …
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The Nigerian Communications Commission (NCC) has said that its intervention in the ongoing N54.8 billion Etisalat debt saga was informed by the desire to sustain the industry’s significant contribution to National GDP, employment creation and infrastructure roll-out. The Commission made this known while reacting to stakeholder enquiries regarding the current …
Read More »At least 100,000 athletes from 27 countries, including Nigeria, will take part in today’s marathon race in Lagos. The sports contest, now in its second edition and sponsored by Access Bank Plc., will take place between 7am and 2pm with participants running through major routes across the city. Scheduled to …
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