Economy News Extra Latest News Technology Telecomms

Airtel Boosts Internet Connectivity With Home Broadband Package

Nigeria’s leading telecommunications services provider, Airtel Nigeria, has announced the roll out of its pan-Nigeria Home Broadband value offering  as part of its strategic initiatives aimed deepening its broadband connectivity in homes and offices nationwide. The telecommunications operator stated that the launch of theHome Broadband offerings leverage on its expansive and modernized 4G network, which […]

Crime & Judiciary Matters Foreign Latest News Manufacturing Taxation

Kenyan Govt To Prosecute Billionaire, Others Over Alleged Tax Evasion

Kenya’s Director of Public Prosecution, (DPP) Noordin Haji, has ordered the immediate arrest and prosecution of Humphrey Kariuki, the owner of Wines of the World Limited (WoW) and Africa Spirits Limited alongside eighth other accomplices over allegations of KSh 41 billion tax evasion. According to a news report by, Kariuki and the other eight […]

Economy News Extra Latest News Oil & Gas Science 'n' Technology Technology

Technology adoption will improve forecasts, mitigate risks in oil industry- Seplat

As Nigeria continues to explore all options to improve her earnings from the hydrocarbon resources industry, the Executive Operations Director, Seplat Petroleum Development Company Plc, Mr. Effiong Okon, has identified the adoption of critical contemporary technologies as crucial to effective planning and forecast and mitigating the risks in the industry. Okon gave this hint while […]

Economy News Extra Investments/Capital Market Latest News

FMDQ OTC Transforms To Full-Fledged Securities Exchange

FMDQ OTC Securities Exchange has announced its change from an OTC Market to a full-fledged securities exchange following necessary approvals by the nation’s capital market regulator, the Securities and Exchange Commission of its application to the effect. The company, which was also previously known as FMDQ OTC Plc, is now known as FMDQ Securities Plc. […]

Economy News Extra Latest News Oil & Gas

NNPC Boss Urges NLNG Mgt On New Investment Drives

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mele Kyari,  has urged the management of the Nigerian Liquefied Natural Gas (NLNG) to look beyond the planned execution of the much awaited Final Investment Decision on Train-7 billed for October, 2019, by exploring new investment opportunities in the upstream sector of the oil and […]

Budgeting Latest News

Health Sector Reforms Won’t Affect Government’s Funding – Okoh

The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex  Okoh, has assured that proposed reforms in the health sector being canvassed by the agency would not involve divestiture of the Government from any health facility. Rather, he explained that the reforms would entail a re-positioning of the health sector to increase private […]

Economy News Extra Investments/Capital Market Latest News

SEC Urges Investors To Update Accounts With Ownership Proofs

The Securities and Exchange Commission, SEC, has urged investors in the nation’s capital market to provide proofs of ownership to facilitate the regularization of their accounts and help curb the increasingly worrisome rate of unclaimed dividends in the market. The Acting Director General of the SEC, Ms Mary Uduk, gave the advice at a One-Day […]

Economy News Extra Investments/Capital Market Latest News Power/Electricity Privatisation & Commerce

Transcorp Plc Wins Afam Power GenCo Bid

Transnational Corporation of Nigeria Plc, (Transcorp Plc) has been named the preferred bidder for Afam Electricity Generation Company (GenCo) in furtherance of government’s efforts to increase electricity generation through private sector investments. Transcorp was successful with its offer of N105.3 billion (about $293 million) for the power plant, which operates a natural-gas fired power plant […]

Economy News Extra Foreign Investments/Capital Market Latest News

UK Targets New Investments In Nigeria, Ghana Others

The United Kingdom is revving up its investment drives in Nigeria and other Africa countries, including Francophone countries, as its planned exit from the European Union (EU) continues to gain traction by the day A statement from the Foreign and Commonwealth Office on Tuesday showed that the Foreign Secretary, Jeremy Hunt, is visiting Francophone Senegal, […]

Budgeting Economy News Extra Latest News National Assembly

Senate Passes N8.91Trn 2019 Appropriation Bill

The Nigerian Senate on Tuesday passed the 2019 Appropriation Bill after months of rigorous deliberations on the proposal sent by the Executive in December 2018. The figure is higher than the proposed sum of expenditure President Muhammadu Buhari presented to the joint session of the national assembly on December 19 by N86 billion. The passage […]