Jan 14, 2021 - Business Metrics

ATCON president, Nnanmani reacts to lost 1.65m broadband connections

Jan 14, 2021Jan 15, 2021 Umar Suleiman

ATCON president, Nnanmani reacts to lost 1.65m broadband connections Engineer Ikechukwu Nnamani, the president of the Association of Telecommunication Companies of Nigeria (ATCON) has reacted to a reported decline in broadband connections in Nigeria. Business Metrics had reported that telecoms operators in Nigeria lost 1.65 million connections to broadband services on their networks in November, 2020, according to data obtained from the Nigerian Communications Commission (NCC). Reacting to the development, Nnamani said it would be misplaced to use the performance report of just one month to judge general performance…

Ardova set to acquire Enyo

Jan 14, 2021 Ugochi Emmanuel

Ardova set to acquire Enyo Ardova Plc (AP), a leading Nigerian integrated energy company, and the shareholders of Enyo Retail and Supply Limited (Enyo) have entered discussions relating to AP acquiring Enyo. Enyo is one of the newest and fastest growing retail and supply companies in the downstream sector of the oil and gas industry. Enyo is a technologically driven player and currently operates over 90 stations across Nigeria attending to over 100,000 retail customers daily across 15 states of the country. The announcement of the deal made at…

CAC raked in N19bn IGR in 2020

Jan 14, 2021Jan 27, 2021 Banjo Olaniran

CAC raked in N19bn IGR in 2020 Registrar-General, Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, has said the organisation raked in more than N19 billion as Internally Generated Revenue (IGR) last year. Abubakar made this known in an interview with the News Agency of Nigeria (NAN) yesterday in Abuja. According to him, in spite of the COVID-19 pandemic that affected economic activities, the commission recorded increase in the registration of businesses and other corporate entities during the year. “The year 2020 was one of our best years in terms…