Updates

Broadband Penetration in Need of a Leg-up

Culled—Proshare June 22, 2017/FBNQuest Research                                                                                   The latest data released by the NCC, the industry regulator, show that internet subscriptions stood at 90.1 million in April, representing a y/y contraction of -1.2%. The figure implies density of 49% in a population estimated at 185 million, placing Nigeria well above the African […]

FBN Outlook Revised to Stable; ‘B-and B’ Ratings Affirmed; National Scale Rating Raised To ‘ngBB+’

Culled—Proshare June 22, 2017/S & P Global Ratings First Bank of Nigeria Ltd.’s regulatory capital has improved and the risk of breaching regulatory requirements has thus diminished, while the bank’s funding and liquidity remain a credit strength. Although asset quality remains a weakness, the steadying of the oil price and […]

Nigerian Content Development & Monitoring Board sign MOU with CWC Group on PNC Forum

June 22, 2017/CWC Group Ltd NCDMB reinforces its commitment to the Practical Nigerian Content (PNC) (www.CWCPNC.com) Forum held annually with the signing of a MoU with the CWC Group. Under the terms of the MoU, the NCDMB & CWC alongside Nigerian partner, Levmora Services will collaborate to deliver greater value […]