The Nigerian Communications Commission (NCC) has yielded to the intense pressure from telecommunication companies (telcos) to raise calls and data costs, PREMIUM TIMES can authoritatively report. Except there is a last-minute change in plans, the NCC will announce today (Monday) its approval for the telcos to increase their tariffs, a top NCC official confided in … Read more
MTN Nigeria is returning to the debt market to source N50 billion in commercial paper, the wireless operator said in a statement on Monday, its first since raising N72.1 billion last November. “The issuance is part of the Company’s strategy to diversify its funding sources,” the company stated in a note to the Nigerian Exchange … Read more
Over the course of the week, investors on the Nigerian Exchange Ltd. (NGX) equities market lost a total of N784 billion, week-on-week. Specifically, the market capitalisation, which opened the week at N56.296 trillion, shed N784 billion or 1.39 per cent to close the week at N55.512 trillion. The All-Share Index also declined by 1.39 per … Read more
