Nigerian Communications Commission (NCC) on Thursday announced that the interconnect debt dispute between MTN Nigeria Communications Plc (MTN) and Globacom Limited (Globacom) has been amicably resolved. In accordance with this resolution, the NCC said the approval granted to MTN for the disconnection of Globacom has now been withdrawn. Following its initial public notice, the NCC said it undertook further regulatory intervention, by mediating between the parties and facilitating the reconciliation process. “The Commission reiterates that strict adherence to the terms and conditions of licenses, particularly those delineated in interconnection agreements, is imperative for all Mobile Network Operators (MNOs) and other…

Central Bank of Nigeria hiked the interest rates on short term debt obligations on Wednesday in a bid to mop up naira liquidity and attract foreign investor inflows. CBN sold one trillion naira ($696 million) in treasury bills to both local and foreign investors at rates that were nearly twice the level of previous offers. Yields for the one-year bill rose to 19%, the highest in 12 years, from 11.5% at the previous auction on Jan. 24. Three-months bill was sold at 17.24%, which was three times more than the January offer of 5%, while six-month notes fetched 18%. Expand…

When Satya Nadella was appointed as Microsoft CEO in 2014, he wasn't one to boast about IQ points or intellectual achievements. He understood that being a leader wasn't just about knowing all the answers; it was about understanding people and building meaningful connections. To be effective and separate oneself from the pack, Nadella pared it down to two words: emotional intelligence. 'EQ trumps IQ' In a highly publicized event nearly a decade ago, Nadella addressed thousands of students on the subject of their future and possibilities. During his talk, he spoke about the importance of developing emotional intelligence (EQ): In…

It was January, which means an influx of people at the gym, sweeping declarations for big life changes and a whole lot of companies sending emails about their prices going up. While it may feel like a coincidence that these things arrive with each turn of the calendar, there's a psychological reason for it. Wharton professor Katy Milkman and colleagues have dubbed it the Fresh Start Effect. We humans feel compelled to make changes with the new week, month, quarter or year. This effect also comes into play with milestone birthdays – people are much more likely to run their…