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http://ift.tt/eA8V8J The National Bureau of Statistics, NBS, has revealed that the country’s telecommunications sector experienced a decline in growth the first quarter of 2017. The report made public by the NBS but sourced by the NBS and Nigerian Communication Commission, NCC, states: “At the end of the first quarter there were 152,467,198 subscribers, which represent a quarterly decline of 1.33%. Along with declines in the first half of 2016, this indicates that growth has become less consistent, after years of nearly uninterrupted growth. “Year on year however, there was still an increase of 2.5%; a larger increase than at the end of any quarter since March 2016, reflecting the increases seen throughout the second half of 2016. Part of this growth arose from the inclusion of new providers.” According to the data provided by NCC, there was no change in the number of CDMA or Fixed wireless subscribers relative to the previous quarter. “In contrast, both GSM and Fixed wired subscri...

http://ift.tt/eA8V8J FBN  Merchant Bank  Limited, a subsidiary of FBN Holdings Plc, said it its profit before tax (PBT) rose by 29 per cent to ¦ 4.92 billion in the financial year ending December 31, 2016 from N3.83 billion in the previous year. The bank stated that this followed strong top-line growth driven by the diversified nature of its businesses, with key drivers of revenue being the fixed income,  Corporate  and  Investment Banking businesses. Chairman of the Bank, Mallam Bello Maccido, disclosed this during the bank’s 2017 annual general meeting noting that despite the challenging macroeconomic climate in 2016, the Bank remained resilient and focused on delivering strong results. Delivering  strong results The Managing Director/Chief Executive, Mr. Kayode Akinkugbe, expressed his appreciation to all staff for their hard work, passion, and commitment to fostering a culture with a winning mindset. He also thanked the shareholders and the Board o...

http://ift.tt/eA8V8J By Tare Youdeowei A NEW mobile application, KonfamD, has hit the digital space promising to shape lifestyles. Speaking during a press conference in Lagos to announce the launch of the app, Tolu Ojosipe, Managing Director, KonfamD Limited, stated that the KonfamDapp is a GPS enabled lifestyle mobile application that connects merchants to prospective customersusing real-time and intelligent feedback. While stating that the Mobile Appcomes in two categories – the Merchant App and the User categories, he explained that the user category of the app performs the triple function of informing, entertaining and enabling transactions for the app users. He said: “The user category comes with a mobile-directory that helps users locate merchantslike restaurants, nightlife, salons, spas, laundry, movie theaters amongst others within their vicinity with a single click. “The user category also allows subscribers read, share and write reviews of their experiences so that ...