Ikechukwu Nnamani becomes ATCON’s President, as Teniola bows out

Engineer Ikechukwu Nnamani, president of Medallion Communication, has been elected the new President of Association of Telecommunication Companies of Nigeria (ATCON) 2020-2022. Nnamani emerged for the position unopposed to take mantle from Olusola Teniola who just bowed out after leading the association for two tenures of more ghany four years. The developments arose from the Annual General Meeting (AGM) and the National Executive Council (NEC) election of the association held in Lagos on Thursday. Engr. Nnamani is the Founder/CEO, Medallion Communications Limited, an interconnect clearinghouse and Co-location Data service Company,…

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FG Ratifies Nigeria’s Membership Of AfCFTA

FG Ratifies Nigeria’s Membership Of AfCFTA

The Federal Executive Council (FEC) ratified Nigeria’s membership of the African Continental Free Trade Area Agreement (AfCFTA) on Wednesday in Abuja. Minister of Information and Culture, Alhaji Lai Mohammed, made this known at the end of the weekly meeting of the Council chaired by President Muhammadu Buhari. According to the Minister, with the ratification, Nigeria has beaten the Dec. 5 deadline set for all countries to ratify their membership of the African Free Trade Area. He said: “The Minister of Industry, Trade, and Investment presented a memo on Wednesday asking…

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Lagos-Ibadan Rail to begin operations with 16 trips daily – NRC

The Nigerian Railway Corporation (NRC) says it will commence skeletal operations on the Lagos-Ibadan Standard Guage Rail line from the middle of September with 16 trips daily. Fidet Okhiria, the Managing Director of NRC, disclosed this on Saturday in Ibadan during an inspection tour of the project by the Ministers of Transportation, Mr Rotimi Amaechi, and Information and Culture, Alhaji Lai Mohammed. Okhiria said that since the track laying had been completed between Ebute-Metta Junction (EBJ) in Lagos and Ibadan with stations under construction, the operation would start between Yaba…

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STOCK ANALYSIS: NSE index soars, but continuation may depend on market, economic dynamics

Nigerian equities sustain weekly rally by 12.97%

Market Update for November 11 By Investdata Analysts The bull-run on Nigeria’s equity market continued at the midweek still very volatile, closing higher on a positive breadth and huge traded volume, thereby extending the uptrend for the fourth consecutive session on increasing buying momentum and sentiments. The positive sentiments for healthcare, banking, consumer goods and large cap stocks have helped the market to sustain its ongoing rally. Liquidity, one of the market’s major fundamental has supported this recovery as revealed by money flow index at 100 points on daily basis,…

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