Business

Digital Finance growth outpaces confidence — Bridgforte

The rapid growth in digital finance is outpacing public confidence in the financial ecosystem, prompting the Bridgforte Centre for Global Impact to launch a new governance framework and the Trust Lab to strengthen trust in platform-led finance.
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SMEs central to government’s diversification bid – Regha

Our corporate strategy and the vision of the bank states that we want to build and transfer wealth across generations. The SMEs are part of that strategy. If you focus on the SMEs, it means you have to meet with entrepreneurs at the incubation stage of their business. And if you are to help them grow and become very big and successful, that means you will be able to transfer wealth from one generation to the other.

Telecommunications spur growth in GDP

The National Bureau of Statistics (NBS) weekend said that the telecommunications sector contributed N 1,385.85 billion to Gross Domestic Product (GDP) in the third quarter of 2015, adding that the subscriber base of service providers rose by 16.15 million. The NBS report stated that “In September 2015, at the end of the third quarter, there were a total of 148,427,423 GSM subscribers divided across the four networks of Airtel, Etisalat, Globacom and MTN. This figure is slightly 0.19 per cent lower than in August when there were 148,703,160 subscribers, the first monthly decline since July 2014.

Nigeria’s economy in the next 4 yrs, by NBS

Amidst several projections of challenging economy in the year 2016 by many economists and the International Monetary Fund, IMF, the National Bureau of Statistics, NBS, has outlined its own position on all key economic indicators, not just for 2016 but also in the next four years to 2019. The projections covers the annual growth rate of real Gross Domestic Products, GDP, annual Inflation rate, and the annual growth rate of the Value of Total Trade, VTT.

Research shows Nigeria’s internet affordability remains poor

Nigeria has one of the most expensive broadband in Africa, says a research conducted by online car marketplace, Carmudi.com.ng. The study, which showed Nigeria with deep internet penetration of up to 200 per cent, noted that the country still lags behind when it comes to affordable internet as broadband gulps up to 30 per cent of household income.

TSA, accountability and Remita

President Muhammadu Buhari has never hidden his passion to fight corruption, believed to be the bane of the nation. In doing this, all loopholes must be blocked while pursuing legal processes to bring looters of public treasury into justice.

As Akwa Ibom is set to produce electricity meters

Technical partners from China, Pakistan and India have arrived Akwa Ibom State to conclude arrangements for the take-off of a meter manufacturing company, Metering Solutions Manufacturing Services Limited (MSMSL), which ground breaking was performed last December in Awa – Iman, Onna Local Government Area.

How 45% electricity tariff hike will affect you

The 45 percent increase in electricity tariff with effect from February 1, 2016 is unsettling for many Nigerians, especially consumers paying with estimated bills. While the Nigerian Electricity Regulatory Commission (NERC) said that increase in tariff will enhance service delivery and customers’ satisfaction, a large number of consumers, especially manufacturers, are calling on the Federal Government to provide prepaid meters for the people as a matter of urgency.

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