Telecommunication

DANGOTE CEMENT AND MTN NIGERIA BATTLE FOR BIGGEST COMPANY ON THE NSE

Posted on by Gambeta News
DANGOTE CEMENT AND MTN NIGERIA BATTLE FOR BIGGEST COMPANY ON THE NSE

MTN Nigeria Plc is sure giving Dangote Cement a run for its money as they battle for number one spot on the Nigeria Stock Exchange (NSE) Prior to the listing of MTN Nigeria Plc on the Nigerian Stock Exchange (NSE); Dangote Cement had remained unchallenged as the biggest company on the NSE in terms of market capitalization. In May 2019, when MTN Nigeria Plc finally listed on the NSE with a market capitalisation of ₦1.3…

Read More

MTN NIGERIA CONVERTS FROM LTD TO PLC

Posted on by Gambeta News
MTN NIGERIA CONVERTS FROM LTD TO PLC

MTN Nigeria converts to Plc so as to list on the Nigerian Stock Exchange MTN Nigeria recently announced its conversion from a Private company (Ltd) to a Public Limited Company (Plc). In a statement released on Wednesday April 24 2019; the telecom company, now MTN Nigeria Communications Plc gave reason for its conversion as being a legal requirement and key milestone for its listing on the Nigerian Stock Exchange (NSE). According to the statement, listing on…

Read More

MAINONE AND FACEBOOK TO PROVIDE HIGH SPEED INTERNET IN TWO NIGERIAN STATES

Posted on by Gambeta News
MAINONE AND FACEBOOK TO PROVIDE HIGH SPEED INTERNET IN TWO NIGERIAN STATES

MainOne and Facebook partner to deepen broadband internet penetration in Nigeria. Two of Nigeria’s fastest growing states Edo and Ogun state would be beneficiaries of a partnership between MainOne and Facebook. MainOne on Monday 25th February 2019, said it plans to undergo a metro fiber infrastructure project in the two states. MainOne is a cable company and Facebook, a social networking service company. The MainOne and Facebook partnership aims to deepen broadband internet penetration in Nigeria….

Read More

TELECOMMUNICATIONS CONTRIBUTION TO NIGERIA’S GDP HITS 10%

Posted on by Gambeta News
TELECOMMUNICATIONS CONTRIBUTION TO NIGERIA’S GDP HITS 10%

Nigeria’s Telecommunications sector’s contribution to GDP have hit 10%. Executive Vice Chairman, Nigerian Communications Commission (NCC), Prof. Umar Danbatta, said contribution of Nigeria’s telecommunications sector to Gross Domestic Product (GDP) has hit 10 per cent. While speaking to journalist in Lagos, he said National Bureau of Statistics figures for 2017, shows a contribution of N1.45 trillion to the GDP for 1st Quarter and  N1.549 trillion for 2nd quarter. Danbatta, also added that this performance at a period of recession is…

Read More