Major stakeholders in the telecom industry, led by the industry the Nigerians Communications Commission, (NCC), the industry regulator have agreed to work together on the rising data depletion complaints from telecommunication services consumers with a view to mitigating the challenge in the industry. The stakeholders, who spoke on the increasingly worrisome challenge at the 91st […]
Shell Petroleum Development Company of Nigeria Limited (SPDC), has announced the lifting of the force majeure on its 250,000 barrels per day (b/pd) Bonny export terminal effective from Wednesday, 15 March, 2023. One of the company’s spokespersons, who gave this hint said: “The Shell Petroleum Development Company of Nigeria Limited (SPDC), operator of the SPDC […]
The Japanese Government has announced plans to boost cooperation with Nigeria and other Sub-Saharan African (SSA) countries by investing about $30 billion in Nigeria and others between now and year 2025. The Japanese Ambassador to Nigeria, Mr. Matsunaga Kazuyoshi, made this disclosure at an event organized by the Japanese Embassy to commemorate the 63rd birthday […]
The African Finance Corporation (AFC) and the African Export Import Bank (Afreximbank) are investing about $16 billion in oil and gas projects across Africa as part of their collaborative efforts to transform the industry into a sustainable growth source for the continent. The Global Head, Client Relations of Afreximbank, Rene Awembeng, who gave this hint […]
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has charged global leaders and development experts to consider adopting a new way of measuring wealth of nations in view of the lapses in the current Gross Domestic Product (GDP) approach. Adesina, made this call when the United States’ nominee for World Bank Group […]
Mobile Network Operators (MNOs) in the country have commenced processes for the implementation of harmonized uniform shortcodes for telecommunication services in line with the regulatory initiative of the Nigerian Communications Commission (NCC) aimed at ensuring uniformity across all networks. The Association of Licensed Telecommunications Operators of Nigeria (ALTON), which gave this hint in a statement […]
As the recent monetary policy measures of the Central Bank of Nigeria (CBN) and electioneering campaigns continue to constrain economic activities nationwide over the past few weeks, researchers at Proshare Nigeria Limited have projected that the nation’s Gross Domestic Product (GDP) will slow down to 2% in the first quarter this year. This is far […]
Apparently determined to raise more funds for sustainable growth, the Lagos State Government has listed a N137, 328,000,000 series IV bond on the Nigerian Stock Exchange (NGX). The listing, which was reflected in a notice by the exchange in its weekly report of activities on the market, indicated that the bond is a 10-Year 13.00 per […]
Nigeria’s Vice President, Prof. Yemi Osinbajo, on Thursday expressed optimism that the new Gateway Agro Cargo International Airport, Iperu, Ogun State, would remarkably boost the nation’s economic growth, especially the non-oil sector as the government continues to intensify its diversification drive of the economy. Osinbajo, who made this remark during the maiden test flight of […]
The Minister of Communications and Digital Economy, Prof. Ali Ibrahim Pantami, on Thursday inaugurated a Committee led by the Chairman of the Nigerian Communications Commission (NCC), Prof. Adeolu Akande, to advise government on appropriate measures to take in protection of the nation’s cyberspace and ICT infrastructure from potential attacks, especially during the 2023 elections. The […]