Thursday, November 21, 2019
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Nigeria’s $10b broadband investment target to be driven by private sector

The Nigerian Communications Commission (NCC) has said the country would need $10 billion investment from the private sector to enable the growth of the broadband sub-sector of Nigeria economy. The investment target is for the next five years. Ms. Josephine Amuwa, Director, Policy, Competition and Economic Analysis at NCC, disclosed this

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Infrastructure investments in Nigeria hit $38.5bn in 5yrs

Africa Finance Corporation (AFC) has disclosed that about 51 infrastructure projects in Nigeria have reached a financial close with total investments of $38.5 billion between 1999 and 2014. Taiwo Adeniji, The Director, Investments Group of AFC disclosed this at the 9th Annual Banking and Finance Conference. He said $18.2 billion representing

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New FIRS boss vows to raise tax revenue

The new Acting Chairman of Federal Inland Revenue Service, Mr. Babatunde Fowler, has formally assumed office. He pledged to partner with relevant stakeholders to increasing tax revenue and improving Nigeria’s tax administration. In statement issued by the FIRS and signed by the Assistant Director, Communications & Servicom Department, Nneka Ifekwuna, Mr.

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Nigeria on the verge of losing $400bn global support fund, says Dr. Fagbenro

Nigeria may not benefit from the $400bn global fund support set aside by international financing agencies if the country fails to align with global agenda. This warning was given by Dr. Adesina Fagbenro, the South-West Coordinator of the Department for International Development. Fagbenro who spoke at a meeting with the Oyo

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