Banking

5G: Mafab plans to roll out across the country.

Nigeria’s second fifth generation (5G) technology services provider, Mafab Communications Limited, has said its long-term plan is to roll out services across the country starting with six cities. The operator, which won the 3.5 gigahertz (GHz) spectrum in 2021 alongside MTN Nigeria, rolled out services in Abuja and Lagos last week. A spokesman for Adebayo Onigbanjo, a service provider that…
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BankingEconomy

FG Extends Digital Money Lender Registration Deadline

The federal government has extended the registration deadline for DML, a digital money lender. The federal government has extended the registration deadline for Digital Money Lenders, DML. This was included in a statement released Friday by Federal Competition and Consumer Protection Commission (FCCPC) Senior Vice President/CEO Babatunde Irukera. The committee stated that this announcement was…
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Markets

CBN licenses 400 financial agents in Kogi

The Central Bank of Nigeria has authorized 400 financial agents to facilitate access to the new banknote design in rural areas. CBN said this would allow residents of rural Kogi to meet the January 31 deadline, allowing them to finally retire their old banknotes from…
MagazineTechnology

LESSONS EVERY RISING ENTREPREUR CAN LEARN FROM Henry Orakwue "GROOVY"

Do you aspire to financial success? Most people probably do, although it is well-known that it is not an easy endeavor. For the majority of us, the widening wealth gap between the rich and the poor makes it seem unattainable, but 26-year-old Henry Olisaemeka Orakwue, a model since 2014 and one of the most sought-after brand influencers, can teach you how. Groovy is a risk-taker who values seizing…
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EconomyMarkets

The FCTA limits PoS operators to commercial areas.

The Federal Capital Territory has ordered terminal operator Pointmof Sales to limit operations to commercial areas only. Speaking to reporters in Abuja on Wednesday, Abuja Metropolitan Government Commission Coordinator Umar Shuaibu said the government would not allow PoS…
Economy

FG paid Ajaokuta $446 million in legal debt.

Information and Culture Minister Lai Mohammed said the federal government had paid a total of $446 million to pay off Ajaokuta Steel Company’s statutory debt. He made the announcement on Thursday during the opening of the 19th round of the 2015 to 2023 Cabinet…
MagazineMarkets

The January issue of Ranks Business Magazine features Entrepreneur Henry Orakwue Groovy

Do you aspire to financial success? Most people probably do, although it is well-known that it is not an easy endeavor. Henry Orakwue “Groovy” For the majority of us, the widening wealth gap between the rich and the poor makes it seem unattainable, but 26-year-old Henry Olisaemeka Orakwue, a model since 2014 and one of the most sought-after brand influencers, can teach you how. Groovy…
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