New Telegraph

Video content: Data cost denying Nigerian telcos revenue

Video content: Data cost denying Nigerian telcos revenue

REDUCTION Analysts say a reduction in the cost of data will help operators earn more from video content distribution   T elecommunications operators in Nigeria have been unable to maximise revenue from their recent venture…

Presco’s earnings decline on cost pressure

Presco’s earnings decline on cost pressure

Rising operational challenges have impacted negatively on earnings of Presco Oil Palm Plc. Chris Ugwu writes     O ver dependent on oil and gas as major source of revenue has continued to remain a…

SEC partners NITDA on data protection

SEC partners NITDA on data protection

T he Securities and Exchange Commission, SEC, has restated its preparedness to collaborate with the National Information Technology Development Agency, NITDA, in a bid to foster safe conduct of transactions and usage of personal data…

NSE extends weekly losses by 0.12%

NSE extends weekly losses by 0.12%

DOWNTURN One hundred and five quities remained unchanged, higher than 91 equities recorded in the previous week   T rading activities on the floor of the Nigerian Stock Exchange last week extended weekly downturn  as…

MTN expands mobile insurance with new products

MTN expands mobile insurance with new products

O ne upside of lockdown is that my smartphone rarely leaves my desk and as a result, it hasn’t hit the floor at all in the last four months.     That having been said,…

Palm oil: Malaysia offers Nigeria 100% duty exemption

Palm oil: Malaysia offers Nigeria 100% duty exemption

●Import to hit N77bn     N igerian palm oil importers are to enjoy a 100 per cent exemption on crude palm Oil (CPO) from Malaysian export duty from July till December 31, 2020.  …

UBA introduces new naira credit card

UBA introduces new naira credit card

P an African financial institution, United Bank for Africa (UBA) Plc, has introduced a new UBA Naira Credit Card, a move, which  the lender said was in fulfilment of its promise to customers to ease…

IMF to govts: Release funds for vaccine production

IMF to govts: Release funds for vaccine production

T he International Monetary Fund (IMF) has urged all countries to ensure that their health care systems are adequately resourced to enable fight the coronavirus(Covid-19) pandemic.     In a new report released at the…

Post-COVID-19: Firstrand, others mull checks on loan defaults

Post-COVID-19: Firstrand, others mull checks on loan defaults

F irstRand and other South African banks are looking at options ranging from debt consolidation to new ways of leveraging equity to avoid defaults when coronavirus-related debt relief measures end,  Reuters reported industry officials as…

…proposes rules for CIS

T he Securities and Exchange Commission has proposed new rules for Collective Investment Schemes (CIS).   According to the notice obtained from SEC’s website, the proposed rules stipulates among other things that: “All units/securities of…