NCC Plans To Develop Local Content Policy To Reduce Youth Unemployment

Prof. Umar Danbatta, Executive Vice-Chairman (EVC), Nigerian Communications Commission (NCC) says the commission is ready to fully develop local content policy in the country, to reduce youth unemployment. Local Content Policy is an Act which defines a Nigerian Company to mean a Company registered in Nigeria in accordance with the provisions of the CAMA. With not less than 51 per cent equity shares owned by Nigerians mandates investors in the sector to consider Nigerian content is an important element in project development. Danbatta, represented by Mrs. Felicia Onwegbuchulam, Director of…

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MTN Bourse Soared By 21 Per cent In Two Days Of Trading…

The Nigerian Stock Exchange announced the listing by the introduction of 20.35 billion ordinary shares of MTN Nigeria Communications Plc. Details of the listing showed that the shares were introduced at N90 per share on the Nigerian bourse’s Premium Board Thursday. MTN Nigeria, a part of the MTN Group, Africa’s leading cellular telecommunications company, is the first telecommunications network provider to be listed on the NSE Premium Board, a listing segment for the elite group of issuers that meet the Exchange’s most stringent corporate governance and listing standards. The share…

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MTN To List On Nigerian Stock Exchange (NSE)

MTN Nigeria is to be officially introduced on the Nigerian Stock Exchange (NSE) on Thursday 16th of May, 2019 as the telecom company has concluded all relevant processes which will enable it list on the Nigerian bourse, two officials have said. The telecommunications giant, which is the only one listed in the sector by the Nigerian Stock Exchange gained the maximum 10 percent each of the two days of trading. It was initially listed at N90 on Thursday. The NSE and MTN officials who pleaded anonymity confirmed the development that…

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Abdoul Aziz Dia Joins the Group Board of Directors of UBA

The United Bank for Africa(UBA) announced that Mr. Abdoul-Aziz Dia will join the bank’s Board of Directors subject to the approval of the Central Bank of Nigeria. Mr. Dia, a Senegalese citizen, has over 25 years of banking experience garnered from several countries across the globe, including the United Kingdom, France, Nigeria, Ghana, Togo, Senegal, Kenya, and Cote D’Ivoire. He has worked in senior management positions at international financial institutions such as the African Development Bank, Citigroup, Standard Chartered, Ecobank, and UBA. Mr. Dia has served in the capacity of…

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NCC Plans To Develop Local Content Policy To Reduce Youth Unemployment

Prof. Umar Danbatta, Executive Vice-Chairman (EVC), Nigerian Communications Commission (NCC) says the commission is ready to fully develop local content policy in the country, to reduce youth unemployment. Local Content Policy is an Act which defines a Nigerian Company to mean a Company registered in Nigeria in accordance with the provisions of the CAMA. With not less than 51 per cent equity shares owned by Nigerians mandates investors in the sector to consider Nigerian content is an important element in project development. Danbatta, represented by Mrs. Felicia Onwegbuchulam, Director of…

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MTN Nigeria To Combat The Deadly Scourge Of Substance Abuse In The Country

MTN Nigeria said that there was the need to combat the deadly scourge of substance abuse in the country. The Chairman, MTN Foundation, Mr. Julius Adelusi  Adeluyi, said that MTN Nigeria had embarked on a campaign with industry experts to see how substance abuse would be eradicated in the country. “In furtherance of the drive to curb the increasing rate of substance abuse in Nigeria, MTN Nigeria, under the Anti-Substance Abuse Programme (ASAP) led a multi-sectorial roundtable on the substance abuse ecosystem in Nigeria. “There is also the need for…

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Nigeria Loses Three Billion Dollars Annually To Piracy… NCC –

The Nigerian Copyrights Commission (NCC) has disclosed that Nigeria was losing three billion dollars annually to activities of pirates. Director-General (DG) of the commission, Mr. John Asein, made the disclosure at the 2019 World Intellectual Property Day with the theme, `Reach for Gold’: IP and Sports,’’ held in Abuja. Asein, represented by the Director, Legal Services, Mr. Abdul TerKohol, urged the government to put adequate, responsive and effective legal frameworks for the protection and enforcement of sporting and associated industries rights. He said with the advent of new technologies, the…

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UBA Hinges Future Performance on Cost Efficiency, Improved Asset Quality

Pan African financial institution, United Bank for Africa (UBA) Plc has assured its local and international investors that it’s a prudent focus on improved asset quality, as well as the continuous adoption of strict cost-efficient measures, will help the bank achieve its objectives and priorities for the 2019 financial year and beyond. Please follow and like us:

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Innoson Move To Take Over Guaranteed Trust Bank Over The Bank’s N8.7 billion Indebtedness

Innoson Nigeria Limited, Nigeria’s indigenous vehicle production company, has instituted a move to take over Guaranteed Trust Bank, GTB, following a ruling by the Supreme Court over the bank’s N8.7 billion indebtedness to the company. The company’s chairman, Chief Dr. Innocent Chukwuma, made the move through a “Writ of FiFa taken over Guaranty Trust Bank PLC for and on half of Innoson Nigeria Ltd” as a result of the Bank’s indebtedness to Innoson Nigeria Ltd. Please follow and like us:

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