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TECH NEWS : Airtel Payments Bank's suite, led by Anubrata Biswas, promotes digital banking adoption among small and mid-size merchants. It includes insurance, loa
Earlier this year, Airtel Payments Bank had cited a strong growth trajectory for the December 2023 quarter with revenues at Rs 469 crore, up 47 per cent year-on-year, while net profit stood at Rs 11 crore, up 120 per cent over the year-ago period.
Indus Towers received an additional Rs 360 crore from Vodafone Idea (Vi) for old dues, but analysts note a Rs 60 crore shortfall in collections. Despite this, Indus' trade receivables increased by Rs 430 crore sequentially in Q4FY24, reflecting the delayed collection of Vi's past outstandings, ultimately settled in April.
The Kaduna State Internal Revenue Service has sealed seven telecommunication masts belonging to MTN, Globacom and Airtel across the state’s urban areas over alleged outstanding taxes totalling N5.8bn. The sealed masts, vital for the operation of mobile phone networks, were targeted due to the tax liabilities established by the Kaduna…
A new report by the Nigerian Communications Commission (NCC) has revealed that Nigerians used not less than 753,388.77 terabytes of data in the month of March 2024. This is an increase from 562,960.57 terabytes of internet use in March 2023. A further breakdown of the NCC report on data consumption…