Culled—Proshare October 12, 2016/FBNQuest Research The latest data released by the NCC, the industry regulator, show that internet subscriptions stood at 93.5 million in August; representing a y/y contraction of -1.8%. The figure also represented density of 51% in a population estimated at 185 million, placing Nigeria well above the […]
Updates
Nigeria approves transfer of Visafone shares to MTN following takeover
11/10/2016/Reuters Nigeria’s telecommunications regulator NCC said on Tuesday it has approved a request by internet provider Visafone to transfer its shares to MTN following its takeover by the South African firm. MTN bought Visafone in January to improve its broadband services in its biggest market Nigeria. “The NCC, in line […]
Sterling Bank launches indirect bid to raise N8b capital
October 12, 2016/The Nation •Lender eyes N65b in serial bond issuance Sterling Bank Plc has secured regulatory approval to raise about N8 billion in new capital as a first step in a large new capital issuance through which the bank seeks to raise a total of N65 billion. A regulatory […]
