By Ayomide Otitoju Africa’s largest mobile operator, MTN, is pursuing partnerships with low-Earth-orbit (LEO) satellite providers to deliver internet access to rural and remote regions, Group CEO Ralph Mupita announced during a media call on Monday, according to Reuters. LEO satellites offer high-speed internet in areas where deploying terrestrial telecommunications infrastructure, such as fiber optics…
By Ayomide Otitoju Two months after failing to meet its September deadline for the rehabilitation of the Port Harcourt Refinery, the Nigerian National Petroleum Company Limited (NNPC) has attributed the delay to unforeseen challenges in the project. Speaking with The PUNCH on Monday, NNPC Chief Corporate Communications Officer, Olufemi Soneye, acknowledged that the refinery’s rehabilitation,…
By Ayomide Otitoju Polaris Bank has concluded its nationwide financial literacy campaign with a dynamic session at Government Day Secondary School, Pantami, Gombe State, marking the culmination of its activities for World Savings Day 2024. The program, which reached schools across Nigeria’s 36 states and the Federal Capital Territory (FCT), aimed to instill a culture…
By Ayomide Otitoju Vice President Kashim Shettima and Lagos State Governor Babajide Sanwo-Olu will headline the fourth edition of the Zenith Bank Annual Tech Fair, set to take place this week in Lagos. Themed “Future Forward 4.0: Embedded Finance, Cybersecurity & Growth Imperatives – The Impact of AI,” the event will spotlight groundbreaking technological innovations…
By Ayomide Otitoju MultiChoice Nigeria has announced an extension of the GOtv Supa+ Golden Window offer, enabling customers to enjoy premium entertainment at a discounted price throughout the festive season. The package, originally priced at ₦15,700, will remain available for ₦13,900 as part of this promotion. Tope Oshunkeye, Executive Head of Marketing for West Africa…
By Ayomide Otitoju Unity Bank Plc has unveiled plans to launch a financial education app for children and teenagers, aimed at promoting a savings culture and equipping young Nigerians with tools for financial success. The announcement was made during a World Savings Day training held at Emerald Fields School, Calabar, Cross River State, as part…
By Ayomide Otitoju FirstBank, a leading financial institution in West Africa, is set to host the inaugural China-Africa Interbank Association (CAIBA) Forum on November 27, 2024, at the Fraser Suites, Abuja. The event aims to deepen economic ties, foster financial cooperation, and promote industrialization and trade between China and Africa. With the theme “Joining Hands…
By Ayomide Otitoju The Federal Government’s revenue rose significantly by 76%, from ₦7.1 trillion in 2022 to ₦12.5 trillion in 2023, driven by higher oil earnings and improved tax collections. This is according to the recently released 2025–2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and Economic Planning. The…
By Ayomide Otitoju The board of Wema Bank Plc has announced the appointment of Oluwole Ajimisinmi as the new Deputy Managing Director and Olukayode Bakare as an Executive Director, effective December 1, 2024. Ajimisinmi succeeds Oluwole Akinleye, who is retiring after a decade on the board. A legal professional with extensive experience in banking and…
