Ericsson and MTN Group have agreed to modernise the core network of MTN’s affiliates in South Africa and Nigeria over five years in line with MTN Group’s MTN Unified Cloud Acceleration (MUNA) principles and objectives. The MTN Group in a statement indicated that the agreement was recently concluded, where the companies agreed on key strategic […]
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Peseiro Resigns As Super Eagles Coach, Expresses Fulfilment
Jose Peseiro, Nigeria Super Eagles’ coach has resigned his appointment as the head coach and made this public in a post on social media app, X on Friday. He stated: “Yesterday, we concluded our contract with the NFF. “It was a pride and honor to coach the Super Eagles. It has been 22 months of […]
Abiodun To Receive Silverbird Group ‘Man of the Year Award’
Ogun State Governor, Prince Dapo Abiodun, will on Sunday, 3 March, receive the 2023 Silverbird’s ‘Man of the Year’ award. Abiodun emerged the 2023 Silverbird Man of the Year winner, beating four other nominees after a rigorous selection process. A statement signed by Jacob Akinyemi-Johnson, Chief Creative Officer/Chairman Editorial Board of Silverbird Group, said Governor […]
FG Slams $10Bn Fine On Binance Over Illegal FX Transactions
The Federal Government has imposed a $10 billion fine on crypto trading platform, Binance, over allegations of influencing the country’s forex crisis. Mr. Bayo Onanuga, the Special Adviser on Information and Strategy to President Bola Tinubu disclosed this early Friday during an interview with the BBC. According to him, the cryptocurrency trading platform benefitted from […]
CBN To Offset FX Backlog Amid Improved FX Inflows
The Central Bank of Nigeria (CBN) has said it would soon clear all outstanding foreign exchange (FX) owed in forward contracts in the next few days as USD and other foreing currencies’ inflow improves following the current reforms by it to mitigate the FX market volatility and stabilise the Naira. The CBN governor, Dr. Olayemi […]
MainOne Lands 2Africa Submarine Cable In Akwa Ibom State
MainOne, an Equinix Company and a leading West African data center and connectivity solutions provider, has announced the historic landing in Qua Iboe, Akwa Ibom State, of the first and only submarine cable system in Nigeria outside of Lagos. The initiative marks a milestone in the company’s drive towards enhancing broadband connectivity and driving economic […]
Climate Change Will Exacerbate Future Economic Losses – Swiss Re
A new report by the Swiss Re Institute has indicated that climate change will have a larger impact on economic losses in the future, with the US and Philippines projected to be the hardest hit. The report listed four key weather perils, namely floods, tropical cyclones, winter storms in Europe, and severe thunderstorms, which are […]
FG Planned $22.82Bn Oil Projects’ Investment For 2022-2023 -NUPRC
The Federal Government projected that about $22.82 billion would be invested in 1,068 oil and gas projects approved between 2022 and 2023, the Chief Executive Officer of Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, has disclosed. The projects, which span across the broad spectrum of the hydrocarbon resources value chain, hold socioeconomic benefits […]
EFCC Tasks ALGON On Innovative Strategies In Anti-graft War
The Economic and Financial Crimes Commission (EFCC), has charged members of the Association of Local Governments of Nigeria (ALGON), to adopt innovative strategies in the current drive towards tackling corruption and improve governance at the local government level. The Executive Chairman of the anti-graft agency, Mr. Ola Olukoyede, gave the charge at a two-day national […]
Presidency Justifies Arrest Of Binance Executives
The Presidency has given reasons why some Executives of a cryptocurrency trading platform, Binance Nigeria, are arrested and being quizzed by security agencies Speaking on the ‘Politics Today’ programme in Channels Television on Wednesday, President Bola Tinubu’s spokesman, Bayo Onanuga, alleged that the cryptocurrency trading platform was involved in some foreign exchange (FX) transactions abuses […]