nigeria

MTN Nigeria posts ₦1.04 revenue in 2018

MTN Nigeria posts ₦1.04 trillion revenue in 2018

May 31, 2019 10:48 am

Two weeks after listing on the Nigerian Stock Exchange (NSE), MTN Nigeria Communications Plc on Friday announced a revenue of N1.04 trillion for the financial year ended Dec. 31, 2018.

The News Agency of Nigeria (NAN) reports that the revenue was higher when compared with N887 billion achieved in the comparative period of 2017.

A breakdown of the revenue showed that airtime and subscription remained its cash cow, generating N676.36 billion, up from the restated N556.58 billion in 2017.

Read Also: Official: MTN signs 7-year ₦200bn medium term facility

Data revenue stood at N165.17 billion, up from N116.79 billion in …

IPOB sit-at-home order shuts down South-East of Nigeria

IPOB sit-at-home order shuts down South-East of Nigeria

May 30, 2019 8:35 am

The Indigenous Peoples of Biafra’s (IPOB) sit-at-home order on May 30, to honour their fallen heroes during the Nigerian-Biafran war of 1967 -1970 has completely paralysed commercial activities in all the five states namely, Abia, Anambra, Enugu, Ebonyi, Imo in the South-East of Nigeria.

The people of South East adhered strictly to the order, and stayed home, this was in a bid to register their dismay at the marginalisation they have been experiencing from the Federal Government of Nigeria. The ill-treatment meted to the South – East has been on-going since over 50 years. And have been seeking their exist …

Nigeria, Biafra, and the injustice

Nigeria, Biafra, And The Injustice

May 29, 2019 9:15 pm

By MarkAnthony Ujunwa Nze

“You must clear the enemy from Obinze in 24 hours or submit your resignation from the army”.

– General C. Odumegwu Ojukwu to Lt. Col. Ogbugo Kalu.

A few hours later, Lt. Col. Kalu valiantly ordered a heavy counter attack with the Biafran forces using the Ogbunigwe mine and victoriously regained 80% of the ground and halted the Nigerian battalions that advanced towards Owerri from Port Harcourt.

Only Col. E.A. Etuk’s Nigeria 16th Division could withstand the heavy, and strategic bombardment that Lt. Col. Kalu championed with nearly 60,000 rounds of ammunition, 300 mortars, 200 …

Nigeria redeems 25-year old pledge to Clemens Westerhof

Nigeria redeems 25-year old pledge to Clemens Westerhof

May 27, 2019 9:21 pm

After twenty-five years, the Nigerian government has presented a letter of allocation of a house to the former technical adviser to Super Eagles, Clemens Westerhof, for outstanding performance at the USA 1994 World Cup.

Minister of Power, Works and Housing, Babatunde Fashola who made the presentation on Monday in Abuja,said he was very happy that many years of promise government was able to redeem her image on the house to former Eagle tactician.

Read Also: Etim Esin: My struggles, rejections make me stronger

“The government is rewarding the former technical adviser because it wants to develop the sports as …

Tinubu denies being part of “Tinubu 2023” campaign

Nigeria doesn’t need Tinubu as president in 2023 – Kuta

May 22, 2019 7:55 am

Following the interest shown by some individuals to become the country’s president in 2023, a chieftain of the All Progressives Congress (APC) Adamu Kuta, has criticized the party National Leader, Asiwaju Bola Tinubu for saying he is under pressure to contest after Jubril(President Muhammad Buhari) 2nd term in office which begin on May 29.

Kuta, a former member of the House of Representatives from Niger State made the statement on Tuesday, in Minna.

He acknowledged that Tinubu has contributed greatly to the success of APC, but he is not fit to be the president of Nigeria.

“I like Tinubu as …

MTN Nigeria posts ₦1.04 revenue in 2018

BREAKING: MTN Nigeria hits ₦184b in listing rally

May 16, 2019 10:24 am

MTN Nigeria Communications Plc has just listed its shares on the Nigerian Stock Exchange (NSE), rallying N184 billion gain in first day of trading.

The NSE admitted, by way of introduction, 20.35 billion ordinary shares of MTN Nigeria Communications at N90 per share.

The shares, which were listed on the Premium Board of NSE immediately rose by the highest daily allowance price change of 10 per cent or N9 to close at N99 per share.

National Council President NSE, Otunba Abimbola Ogunbanjo, said: “We are particularly pleased that MTN Nigeria has joined the prestigious club of companies listed on our …

Illicit financial flows

Illicit financial flows: Nigeria loses $17bn yearly -TI

May 15, 2019 11:04 pm
Transparency International (TI) on Wednesday disclosed that Nigeria loses not less than $17 billion annually through illicit financial flows.
The Executive Director of TI and Civil Society Legislative Advocacy Centre (CISLAC), Auwal Musa Rafsanjani, stated this in Abuja during a meeting of his organisation with its West Africa chapters.
While insisting that the political and business elite have deprived Nigerians of their entitlements through corruption in procurement, Rafsanjani said: “Our countries experience enormous challenges with public procurement, political integrity, illicit financial outflows, migration and many others. In Nigeria alone, $17 billion is lost annually to illicit financial outflows.
Read Also:
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Cyclone Idai: Zimbabwe thanks Nigeria for assistance

Cyclone Idai: Zimbabwe thanks Nigeria for assistance

May 15, 2019 6:57 am

The President of the Republic of Zimbabwe, Emmerson Mnangagwa, has commended the Nigerian Government for extending relief items to the people of Zimbabwe recently affected by the tropical disaster cyclone Idai.

Mnangagwa made the commendation when he received the Federal Government delegation led by the Minister of Foreign Affairs, Mr Geoffrey Onyeama on Wednesday at the State House in Harare.

“We are happy that the leadership of Nigeria has realised that their brothers and sisters here in Zimbabwe visited by cyclone idai need assistance.

“They brought lots of medicines and other materials to be given to people who have suffered …

Chinese illegal immigrants in Nigeria: NGO calls for probe

Chinese illegal immigrants in Nigeria: NGO calls for probe

May 14, 2019 12:03 am

A leading pro-democracy and non-governmental organisation (NGO) in Nigeria, the Human Rights Writers Association of Nigeria (HURIWA) has urged the National Assembly to investigate claims that Chinese company in Nigeria recruit convicts from their country in Nigeria as technicians.

This followed what it called an extensively damaging public admission by a committee of the House of Representatives that Chinese companies in Nigeria were bringing in prison inmates from China to work as expatriates on many lucrative construction sites paid for by Nigeria.

HURIWA urged the National Assembly to name and shame public officials facilitating such illegality.

Its National Coordinator Emmanuel …

Ogoni Land

Netherlands offers to support Nigeria on Ogoni clean-up

May 8, 2019 9:40 pm

The Netherlands Ambassador to Nigeria, Ms. Marion Kappeyne, yesterday pledged her country’s readiness to support the Federal Government to clean-up decades-long oil spills in Ogoniland, Rivers State.

Ms. Kappeyne spoke in Ebube while inspecting ongoing remediation of one of the polluted sites in Ebube community, Eleme Local Government Area of the state.

According to her, the clean-up project was one of the Federal Government’s top priorities that needed the support of all.

She said: “I came to see things for myself rather than sitting in Abuja and just reading them in the newspapers. This part of the country (Niger Delta) …

‘Avengers: Endgame’ fetches ₦304m in first week in Nigeria

May 8, 2019 9:44 am

Nigerians spent over N304 million on Marvel’s ‘Avengers: Endgame’ in the films first seven days across cinemas in the country.

According to data provided by Cinema Exhibitors Association of Nigeria (CEAN) through their instagram page @ceanigeria, ‘Avengers: Endgame’ debuted with N22.5 million in Nigeria on opening day.

News Agency of Nigeria (NAN) reports that the superhero movie went on to make N188 million in its first weekend.

The Marvel’s superhero flick is still leading the Nigerian chart even as it continues to break world records.

So far, the three-hour long film has broken the record for the biggest opening in
…

FAO launches Country Programme Framework for Nigeria

May 7, 2019 11:45 am

The Food and Agricultural Organisation (FAO) has launched its Country Programme Framework for Nigeria (CPF) for 2018 to 2022.

The launch took place on Tuesday in Abuja.
Mr Suffyan Koroma, FAO Country Representative, said during a public presentation of the programme that the CPF was a guide on FAOs partnership and collaboration with the Federal Government for food security and national development for a five year circle.

In preparing the documents, the stakeholders identified five key areas priorities in which the organisation could best apply and leverage its knowledge, resources, experience and expertise, Koroma said.

According to him, the priority …

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𝐀𝐟𝐫𝐢𝐜𝐚 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐍𝐞𝐰𝐬, 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤, is a nonpartisan online news portal founded on the truth to provide you with weekly, insightful articles written with precision and current updates on current events from Africa in particular and the rest of the world in general. All of our reports undergo extensive fact-checking to ensure their veracity, and we adhere strictly to the facts, no matter whose ox is gored.

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