Repairs and revenue losses from damaged cables are estimated to have cost Nigeria’s telecom industry almost N27 billion ($23 million) in 2023, according to documents obtained by Bloomberg. According to the report, MTN Nigeria and Airtel Africa Plc bore the brunt of the costs. MTN suffered more than 6,000 cuts on its fibre cable last […]...
The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 400 basis points to a record 22.75 per cent. The MPR was at 18.75 per cent. The MPC also made a bold move to restrict money supply by increasing the Cash Reserve Ratio to 45 per […]
•Demolition site Traders at the Police Officers’ Wives Association Shopping Complex in the Computer Village, Ikeja area of Lagos counted their losses following the demolition of the complex yesterday. It was gathered that demolition took place in the early hours of Sunday with armed security operatives supervising the operation, reports The PU...