Satellites

Nigerian set to Launch local manufacture Satellites By 2030

  The ongoing construction of satellite Assembly, Integration and Testing centre at the National Space Research and Development Agency, Federal Government has pledged to complete and launch from the Nigerian launch pad by 2030. Minister of Science and Technology, Dr Ogbonnaya Onu said, made in Nigeria Satellites would propel satellite agencies to acquire the capacity …

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Nigeria Stock market index drops below 30,000bps experience huge losses

Nigeria All Share Index of stock market has dropped below the 30,000 against the previous market reversed gains recorded. The top traded stocks by volume were Japaul Oil and Maritime Services Plc (92.3 million units), Access Bank Plc (27.5 million units) and United Bank for Africa Plc (25.9 million units) while Zenith Bank Plc (N543.6m), …

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MTN Nigeria Changes From Private Company LTD to PLC as requirement for NSE listing

The move by MTN would enable the company to get listed easily, adding that findings showed that the free float in the Nigerian market would be about 35 per cent. The South Africa Telecommunication Company MTN Nigeria  has announced that it has completed its conversion to change from a private company to a public company …

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Nigeria debt as a April,2019 stands at about N24.3tn- Still Sustainable,FG insists

Nigeria debt as a April,2019 stands at about N24.3tn which is about 19 per cent to the Gross Domestic Product, but still low compared to Ghana, Brazil, South Africa, Egypt and Angola, revealed by Minister of Finance, Mrs Zainab Ahmed Zainab said that the current subsidy arrangement which was in the form of under recovery …

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Reasons why NCC declares 95.7 million subscribers’ SIM registration invalid

The registration of 95.7 million Subscriber Identity Module cards has been declared invalid by Nigerian Communications Commission due of improper capture of fingerprints and faces. Since the SIM registration exercise started in 2011, a total of 151,449,837 registration data of subscribers had been processed, with only 55,749,652 records valid, making 63.2 per cent of the …

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