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N1.3bn Debt: FCDA Threatens To Shut Glo Offices

Oluwasina Phillip The Federal Capital Development Authority (FCDA), in Nigeria’s capital city Abuja, has threatened to seal off all Globacom Nigeria Limited offices in the nation’s capital over non-payment of over N1.3 billion telecommunication duct debt. Accordingly, the Authority has issued a 7-day ultimatum to the telecom to comply with …

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Safety Of Nigerians, Not Economy Is Our Priority– Pantami

Ebuka Daniel Isa Pantami, Nigeria’s Minister of Communications and Digital Economy, has said that the telecommunications sector values the safety of Nigerians far more than the economic proceeds. Pantami said this during the official launch of the Nigerian Communications Commission (NCC) Strategic Vision Plan (SVP) 2021-2026, podcast and a compendium …

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IPMAN enlists PENCOM insurance scheme for 2.5 million members, workers

Oluwasina Phillip The Independent Petroleum Marketers Association of Nigeria (IPMAN) has concluded plans to enlist its over 2.5million members and workers for an insurance scheme with the National Pension Commission (PENCOM).IPMAN’s National President, Elder Chinedu Okoronkwo disclosed this on Tuesday during his visit to the PENCOM headquarters in Abuja. Okoronkwo, …

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South Africa economy grows for fourth consecutive quarter

South Africa recorded a fourth consecutive quarter of economic growth between April and June, the national statistics agency said Tuesday, while warning the current quarter could be less rosy because of violent looting in July. The continent’s most industrialised country saw its gross domestic product (GDP) rise by 1.2 percent …

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AFREXIMBANK Invests In African Telecommunications Firm

Oluwasina Phillip The African Export-Import Bank (Afreximbank) has announced a minority investment by the Fund for Export Development in Africa (FEDA) into Liquid Intelligent Technologies (Liquid), a pan-African telecommunications technology group. This is the first investment made by FEDA, a development impact-oriented subsidiary of Afreximbank, which provides equity and quasi-equity …

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