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Telecommunications companies in Nigeria recorded 189,282,796 voice subscriptions in the first quarter of 2020.
The National Bureau of Statistics (NBS ) disclosed this in its report titled “Telecoms Data: Active Voice and Internet per State, Porting and Tariff Information,” on Thursday. According to the report, which was on the Bureau’s website, the subscribers were active on voice as against the 184 699,409 in the last quarter of 2019. The report said : “Telecoms data for Q1 2020 reflected that a total of 189,282,796 subscribers were active on voice as against 184,699,409 in Q4 2019 and 173,713,842 in Q1 2019… More details through: https://thenationonlineng.net/telecoms-record-189282796-voice-subscriptions-in-q1/
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MainOne, West Africa’s leading provider of wholesale and enterprise connectivity and data centre, said it had invested a total of $400 million in infrastructure in West Africa as part of its efforts to bridge the digital divide and enable digital economy. The company disclosed this as it celebrates 10 years of operation in the sub-region.
The investments, the company said, had been on submarine cables, terrestrial fiber networks, and Points of Presence (POPs) across the region. “Within this period, we have delivered services to 10 West African countries and has built Tier III data centers in Nigeria, Ghana and Cote d’Ivoire hosting the largest institutions and global content in the region, with on-going expansions of its data center footprint in Nigeria and Ghana,” MainOne said in a statement… More details through: https://www.newtelegraphng.com/mainone-we-invested-400m-in-infrastructure-in-10-years/ The Federal Executive Council on Wednesday approved contracts totalling about $49.7m (N18.9bn) at its virtual meeting presided over by the President, Major General Muhammadu Buhari (retd.).
Among the contracts, according to the Minister of Aviation, Hadi Sirika, is the N2.27bn approved for the extension of asphalt overlay of the runway of the Murtala Muhammed International Airport, Lagos. Sirika said at a press briefing, “This central taxiway is very critical to the operations of Lagos; it improves the efficiency and safety of the airport… More details through: https://punchng.com/fg-approves-n18-9bn-roads-lagos-airport-runaway-contracts/ The United States International Development Finance Corporation says it has invested $530m in Nigeria’s agriculture, financial institutions, critical infrastructure and health projects.
The Regional Director for Africa at DFC, Vibhuti Jain, made this known on Wednesday while speaking at a virtual conference on available US project financing opportunities for Nigerian companies organised by the American Business Council. She said the development bank was increasing its focus on lower-income countries like Nigeria and had $29.5bn in total active commitments in countries where it operates. According to her, the bank plans to double this investment to reach $60bn… More details through: https://punchng.com/us-development-bank-invests-530m-in-nigerian-projects/ Google has launched Google for Nonprofits in Nigeria to empower not-for-profit organisations by providing them with free premium services. For organisations that qualify, Google for nonprofits gives access to a collection of premium applications, the same tools large enterprise corporations use at no cost.
According to head of Government Affairs and Public Policy, West Africa, Google, Titi Akinsanmi, once approved, qualifying nonprofits can gain access to programs such as Google Ad Grants, G-Suite for nonprofits and YouTube’s non-profit program among others. She explained that nonprofits can qualify for a grant of up to $10,000 a month, which is available for six months through October 2020, to spend on text-based adverts among other offerings… More details through: https://www.dailytrust.com.ng/google-for-nonprofits-launched-in-nigeria.html Nigeria’s total number of bank accounts increased to 160.04million at the end of May 2020 from 143.19million in March, even though Coronavirus lockdown restriction imposed by government, which significantly impacted banking operations in major cities across the country, was in place during the period, findings by New Telegraph show.
According to the "Industry Customer Bank Account Data" for the months of March, April and May 2020, released by the Nigeria Interbank Settlement System (NIBSS), at the weekend, the total number of bank accounts, which stood at 143.19 million at the end of March, increased slightly to 143.38 million in April and went up to 160.04 million at the end of May. This means that the total number of bank accounts increased by 16.85million (11.8 percent) during the period. Nigeria’s largest city, Lagos, and national capital, Abuja, had first entered lockdowns to tame the spread of Coronavirus pandemic on March 30… More details through: https://www.newtelegraphng.com/lockdown-nigeria-records-11-8-rise-in-bank-accounts/ Samsung Electronics West Africa, in partnership with Cash ‘N’ Carry has stepped up its nationwide market expansion drive in Nigeria making its brand and services now available in all Cash ‘N’ Carry stores across the country.
According to a statement by Samsung, the retail expansion drive was designed to enhance consumer experience and provide consumers with a thrilling avenue to interact with Samsung’s full range of solutions and an extensive range of premium household appliances in one easily-accessible location, whilst creating widespread destinations where consumers can experience firsthand Samsung’s extensive product ecosystem and receive personalised service from trained sales consultants. Managing Director, Samsung Electronics West Africa, Mr. Caden Chiyeon Yu, described the partnership as a testament to the strength of Samsung as a brand in Nigeria and the customer loyalty that the company has built over the years… More details through: https://www.thisdaylive.com/index.php/2020/07/01/samsung-strengthens-retail-presence-in-nigeria/ he Federal Government, Tuesday, disclosed that funding for the $2.6 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline would be provided by the Bank of China and SINOSURE, while two Chinese firms would be working along with their Nigerian partners in the execution of the project.
Speaking at the virtual flag-off of the construction of the AKK Gas pipeline at the Ajaokuta and Kaduna campsites simultaneously, President Muhammadu Buhari commended the Government of the People’s Republic of China; the financiers, the Bank of China and SINOSURE; and the two Engineering Procurement and Construction (EPC) Contractors for their support to delivering the important project. The EPC contractors are Brentex/China Petroleum Pipeline Bureau-CPP Consortia and Oilserve/China First Highway Engineering Company-CFHEC Consortia… More details through: https://www.vanguardngr.com/2020/06/bank-of-china-sinosure-to-finance-2-6bn-akk-gas-pipeline-%e2%80%95-fg/ Business owners who register their businesses with the Corporate Affairs Commission (CAC) will no longer need to approach the Federal Inland Revenue Service (FIRS) for a tax identification number as the federal government has merged the process with business registration.
CAC stated this in a statement yesterday, saying that certificates of incorporation issued by the Commission would now carry TINs. “This is to inform our esteemed customers that as part of the ease of doing business initiative, certificates of incorporation of companies registered under part A of CAMA will henceforth carry tax identification numbers issued by the Federal Inland Revenue Service (FIRS),” the corporation said… More details through: https://www.vanguardngr.com/2020/06/ease-of-doing-business-fg-merges-cac-tax-id-registrations/ Shell Nigeria Gas (SNG) said at the weekend that it had completed the final phase of its 20km domestic gas pipeline expansion project in Abia State, connecting Agbor Hill, Osisioma and Araria industrial zones.
The project, the company said in a statement, had also enabled the supply of pipeline gas to Ariaria Market Energy Solutions Limited, the Independent Power Project (IPP) consortium that provides electricity to the popular Ariaria market in Abia State. Ariaria International Market is one of the largest leather shoe-making and open stall markets in West Africa, with over 37,000 shops and an estimated one million traders… More details through: https://www.newtelegraphng.com/shell-completes-20km-gas-pipeline-to-aba-industrial-zones/ |
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