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ATCON envisages more than 10% broadband growth in 2021
ATCON envisages more than 10% broadband growth in 2021 Despite its recent declines as a result of ongoing audit of telecoms customer databases, broadband penetration in Nigeria is expected by the Association of Telecommunications Companies of Nigeria (ATCON) to grow more than 10 per cent this year. The optimism was expressed by Ikechukwu Nnamani, the President of the association in his welcome address at a Virtual Structured Engagement with Key Stakeholders in the Nigerian Telecom & ICT Sector on the New National Broadband Plan 2020 – 2025 held…
Read moreDangote Cement announces N273 billion dividend for shareholders
Dangote Cement announces N273 billion dividend for shareholders Nigeria’s biggest public company Dangote Cement Plc said it would pay shareholders N16 for every share held in the company for the 2020 financial year, translating to a total dividend payout of N272.648 billion. This is according to a note published by the Nigerian Stock Exchange (NSE) on Friday and seen by Business Metrics. The cement maker has been paying shareholders the same dividend for the past three years. “The audited financial statements will be filed with the NSE on or before…
Read moreFG extends mandatory NIN to bank accounts, voter registration
FG extends mandatory NIN to bank accounts, voter registration The National Identity Number (NIN) is mandatory for transactions such as the opening of bank accounts, payment of taxes, voter registration, the Federal Government said on Thursday. Isa Pantami, Minister of Communications and Digital Economy, said this in Abuja while hosting the newly elected National Executive Council of the Association Telecommunications Companies of Nigeria (ATCON). This came as operators called on the Federal Government to support in the development of a strategic plan to bridge the over N15 trillion infrastructure…
Read moreBREAKING: Ex-Lagos governor, Lateef Jakande dies at 91
BREAKING: Ex-Lagos governor, Lateef Jakande, dies at 91 Former Governor of Lagos State, Alhaji Lateef Jakande, is dead. He reportedly died on Thursday at the age of 91. Jakande, aka Baba Kekere, brought a lot of development to Lagos as governor between October 1, 1979 and December 31, 1983, in line with the five cardinal programmes of the Unity Party of Nigeria founded by a former Premier of the Western Region, Chief Obafemi Awolowo. Incumbent Governor of Lagos State, Babajide Sanwo-Olu, confirmed the passage of the elder statesman in…
Read moreSUNU Assurances says successful raised N3bn via private placement
SUNU Assurances says successful raised N3bn via private placement In what may not be unrelated to the ongoing recapitalization exercise in the Nigerian insurance industry, the board of Sunu Assurances Nigeria Plc says it has successfully raised N3.01 billion in fresh capital. The amount was sourced by way of private placement of 3,010,800,000 ordinary shares of 50 kobo each at N1.00 each, with respect to the Private Placement Memorandum of Monday, January 4, 2021. The new shares, the basis of which allotment was found to be valid, accepted and…
Read moreHow NCC’s Emergency Communication Centers are promoting public safety, by Danbatta
How NCC’s Emergency Communication Centers are promoting public safety, by Danbatta As international recognitions underscore project’s impact on Nigerians The activation of Emergency Communication Centers (ECCs) across the country by the Nigerian Communications Commission (NCC) is making far-reaching impact and enhancing the Federal Government’s drive to improve security of lives and property, Umar Danbatta, the executive vice chairman of the Commission, has said. The NCC has received two international recognitions from the International Public Relations Association (IPRA) and the African Public Relations Association (APRA) in acknowledgment of the…
Read moreSoftware: Making case for in-house R&D over acquired tech
Software: Making case for in-house R&D over acquired tech By Andrew Bourne When it comes to choosing technology providers for their businesses, CTOs and IT leaders have two options. The first is adopting a ‘best-of-breed’ approach, which involves hand-picking several disparate apps and products by different vendors, each one serving a specific need effectively. The second option is to take a ‘single vendor/integrated stack’ approach, choosing one tech provider who offers a suite of pre-integrated applications that addresses multiple business requirements in one go. Customers today increasingly prefer the…
Read moreZenith Bank’s brand is worth $275m, highest in Nigeria
Zenith Bank’s brand is worth $275m, highest in Nigeria Zenith Bank Plc has again emerged as the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands 2021. For the fourth consecutive year, Zenith Bank has been ranked as the number one banking brand in Nigeria with a brand value of $275 million, moving up two places from 392 in 2020 to 390 in the 2021 global ranking of banks. Notably, the lender is the only Nigerian bank among the first 400 banks in the global ranking.…
Read moreHow to address data privacy concerns in the workplace and …
How to address data privacy concerns in the workplace and … By Andrew Bourne As businesses look to overcome the challenges of 2020, they’ll have a number of goals in mind. For some, it will be about survival while others will work towards rebuilding and reversing any losses they might have made in 2020. Whatever state a business finds itself in this year, it cannot afford to ignore data privacy as a key priority especially, now that global and local news networks are covering online privacy quite extensively. In…
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