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MarThe Minister of Communications and Digital Economy, Isa Pantami has said that the Federal Government has removed its proposed 5% excise duty on telecommunication services. The government announced that this was in line with the recommendations of a committee, the Presidential Review Committee on Excise Duty in the Digital Economy Sector, which was constituted to review the […]
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MarThe Monetary Policy Committee of the Central Bank of Nigeria has increased the Monetary Policy Rate by 50 basis points to 18%. This was disclosed by the CBN Governor, Godwin Emefiele, on Tuesday while reading the communiqué of the second MPC meeting. He said the committee also pegged the liquidity ratio at 30%. The MPC committee voted[…]
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MarMTN Nigeria Communications Plc has proposed a merger of its two finance subsidiaries; Momo Payment Service Bank Limited and Yello Digital Financial Services Limited. In a notification about its Annual General Meeting scheduled to hold in April 18, 2023, one of the resolutions to be passed is stated thus: “That the Company’s two subsidiary entities: (a) MoMo[…]
