US estimates ÂŁ1.4 billion bill to remove Huawei, ZTE gear
US rural telecommunications companies that rely on federal subsidies would have to spend at least $1.837 billion ($1.4bn) to remove and replace equipment from Huawei...
Tag : Company
POS, Mobile transactions volume hits four-year high in Nigeria
File Photo Despite the negative impact of coronavirus (COVID-19) pandemic witnessed by business owners, along with households across Nigeria, fresh indications have emerged that financial...
Oil prices hold near multi-week lows on demand worries
Oil prices edged up on Thursday, but held near multi-week lows hit overnight after U.S. data showed gasoline demand fell and recovery from the COVID-19...
IBEDC commences service reflective charge
The Management of Ibadan Electricity Distribution Company (IBEDC) as part of efforts to deliver excellent service, has commenced the implementation of the Service Reflective Tariff...
Lekoil seeks $100 million for Ogo oilfield drilling
Nigerian energy company Lekoil Ltd needs to raise around $100 million before it can start drilling in its Ogo oilfield, its chief executive told Reuters....
NSE strengthens investor protection, upgrades X-Whistle
The Nigerian Stock Exchange (NSE) has announced the upgrade of its whistleblowing platform, X-Whistle. X-Whistle which was first launched in 2014, is a web-based whistleblowing...
TikTok chief Kevin Mayer quits after less than three months
TikTok Chief Executive Officer Kevin Mayer has left the company, less than three months after he joined the hit short video app, and U.S. General...
American Airlines to lay off 19,000 workers
American Airlines said on Tuesday it will lay off 19,000 workers on October 1, in addition to thousands more who left the company or agreed...
CBN bans banks, third parties from getting forex via Form M
The Central Bank of Nigeria (CBN) has banned banks from opening Forms M (FOR IMPORTERS) âwhose payments are routed through a buying company/agent or any...
Nigeria: Power generation, transmission peak at all time high â TCN
The electricity transmission company in the country has reported yet another improved all-time national peak of 5,420.30MW, which was effectively transmitted through the national grid...