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Africa’s retail banking revenue to hit $53 billion by 2022
Africa’s retail banking revenue has been estimated to grow to US$ 53billion (about N19.08trillion) by 2022. The figure represents 41 per cent of the t...
Industry
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T-Mobile, Nokia sign $3.5 billion 5G network agreement in Nigeria
T-Mobile and Nokia have announced a landmark $3.5 billion agreement to accelerate the deployment of a nationwide 5G network. Nokia will provide T-Mobi...
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Nigeria imported 4.79 billion litres of petrol in second quarter 2018
The National Bureau of Statistics (NBS), said that 4.79 billion litres of Premium Motor Spirits (PMS) was imported into the country in the second quar...
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Central Bank of Nigeria may increase interest rate — Deputy Governor
The Central Bank of Nigeria may tighten and increase its main interest rate if the nation’s inflation rate fails to decline. Deputy Governor of the CB...
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South Africa’s Eskom reaches “in principle” wage deal with unions
South African power utility Eskom and trade unions reached an “in principle” wage deal, the company said late on Wednesday, potentially ending weeks o...
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Nigeria recovers 693 power equipment containers abandoned at ports for 15 years
The Transmission Company of Nigeria (TCN), on Friday said that it had recovered more than 693 containers of power equipment abandoned at ports due to ...
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BREAKING: Apple Becomes World’s 1st Private-Sector Company Worth $1 Trillion
Apple on Thursday became the first private-sector company in history to be worth $1 trillion, after its share price reached an all-time high above $20...
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Google launches free Wi-Fi hotspot network in Nigeria, to connect 10m people.
Google launched a network of free Wi-Fi hotspots in Nigeria on Thursday, part of its effort to increase its presence in Africa’s most populous nation....
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AVIATION: Why Nigerian local flights are always late
Air travel, even more than other things in Nigeria, is laced with uncertainty. It is common to see passengers still waiting at airports hours after th...