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Bank Of Japan Ends 8-Year Negative Rates Policy

The Bank of Japan has ended eight years of negative interest rates and other remnants of its unorthodox policy, making a historic shift away from a focus of reflating growth with decades of massive monetary stimulus. News reports on the BoJ’s latest policy on Tuesday indicated that while the move was Japan’s first interest rate […]

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NDDC To Hand Over Ondo Power Project To TCN

The Governing Board of the Niger Delta Development Commission (NDDC) has concluded plans to inaugurate the 132/33kv electricity sub-station at Ode-Erinje in Okitipupa Local Government Area of Ondo State. The Commission explained that the plan would include the handover of the sub-station to the Transmission Company of Nigeria, TCN, for operational management. The Commission stated: […]

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Voice, Data Services Affected By Undersea Cable Cuts Restored By 90% – NCC

The Nigerian Communications Commission (NCC) has reported that following the disruption last Thursday, March 14, which affected data and voice services due to cuts in undersea fibre optics along the coasts of Cote d’Ivoire and Senegal, telecom services have now been restored to approximately 90% of their peak utilization capacities. The telecom industry regulatory commission, […]

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NBC Issues Licence For Maiden Children’s TV In Nigeria

The National Broadcasting Commission (NBC) has granted a licence to Three Tees Entertainment Limited to operate Nigeria’s first-ever children’s television station. The company’s owner, Mr. Idowu Sowunmi, a seasoned player in Nigeria’s journalism industry, hinted that the new station, which will be sited in Lagos State, would cater specifically to the entertainment and educational needs […]

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BVN Registration Rises To 61.16Mn On March 15 – NIBSS

Nigeria Inter-Bank Settlement System (NIBSS) reported at the weekend that total registration for the Bank Verification Number (BVN) by bank customers in the country had increased to 61.16 million The NIBSS, in a report hoisted on its website indicated that as of last Friday, the BVN registrants totaled  61,166,384. In its earlier report published this […]

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Analysts Predict Positive Outlook In NGX, As Investors Eye Dividends

Investment experts at Bancorp Securities Limited, a leading investment research and consulting services firm in Nigeria, have projected that trading in the Nigerian Exchange (NGX) will be upbeat this week as investors are warming up for dividend yields and other investment expectations. The experts, in the firm’s ‘Weekly Stock Recommendation: Mar 18-Mar 22 2024’ report […]

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NIMC, NCC Synergize Efforts To Enhance NIN-SIM Linkage

The National Identity Management Commission (NIMC) and the Nigerian Communications Commission (NCC) have announced a strategic collaboration aimed at enhancing processes for the linkage of the National Identification Number (NIN) and SIM by telecom consumers nationwide. In a joint statement by the Technical Adviser, Media, and Communications to the DG/CEO of the National Identity Management […]

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Reps’ Stance On Cement Manufacturers Over Rising Prices Unfair – CPPE

The Centre for the Promotion of Private Enterprise (CPPE) has described the recent remarks on the floor of the House of Representatives on cement price which portrayed cement manufacturers in very bad light as not desirable and uncalled for in view of the prevailing economic whirlwinds in the economy. The Chief Executive Officer (CEO) of […]

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NCC Advocates Responsible AI Devt To Protect Consumers

The Nigerian Communications Commission (NCC) has canvassed the need for development fair and responsible Artificial Intelligence (AI) technology for the protection of telecommunication customers globally. The Executive Vice Chairman (EVC) and CEO of the commission, Dr. Aminu Maida, gave this charge to technology experts in his remarks at the 2024 World Consumer Rights Day, held […]

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Wage Policies: ILO, Experts Agree On Issue Of Living Wages

The International Labour Organization (ILO) has reported that its agreement on the issue of the living wage during a Meeting of Experts on Wage Policies in February was on Wednesday endorsed by its Governing body At the February meeting, the experts agreed that decent wages are central to economic and social development and to advance […]