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 […]
The Nigerian Exchange closed positive on Thursday amidst buy-interests and sell-offs by investors as bulls dominated proceedings, driving up the broad market’s index. Available data from the market’s supervisory institution, the Nigerian Exchange Limited (NGX), showed that at the end of the trading session, the All-share Index (ASI) appreciated by 0.60% to close at 54,646.38 […]
The National Council on Privatisation (NCP) has approved nine companies to immediately commence a nationwide verification of NIPOST Properties & Development Company Limited, with a view to determining the current titles and ownership status of the properties nationwide. The decision on the entities was taken during the 2nd meeting of the Council this year chaired by […]
The Naira dipped in its exchange rate against the US dollar at the black market in the early hours of Thursday, trading at an average of N765/$1, representing a 0.39% depreciation compared to N762/$1 it traded the previous day. Some parallel market FX traders linked the slide in the local currency’s exchange rate to the ongoing […]
The National Bureau of Statistics (NBS) has reported that the Information and Communication Technology (ICT) sector contributed 16.51% to Nigeria’s Gross Domestic Product (GDP) in real terms in 2022, up from the 15.51% it recorded in 2021. The statistics agency in its just published ‘Nigerian Gross Domestic Product Report (Q4 2022)’, disclosed that in nominal […]
The Nigerian Communications Commission has dedicated its Consumer Toll-Free Number 622, to serve as 2023 Presidential Election Incident Hotline to enable voters and members of the public to report any issues that may affect them, or others, during the election scheduled for this Saturday. The Executive Vice Chairman of the NCC, Prof. Umar Danbatta, in […]
The Central Bank of Nigeria (CBN) has reported that the foreign medical expenses of Nigerians from January to September 2022 stood at N294.6 million, representing a drop of 52% when compared to the $612.98 million expended by them on foreign medical bills in the corresponding period of the previous year. The apex bank, in its […]
Nigeria is currently rated among the countries with slow internet speed, ranking 89th globally, despite sundry efforts of the Federal Government to improve Nigeria’s broadband infrastructure investments over the past few years. According to the just published industry Speedtest Global Index report from a US-based internet speed analysis company, Ookla, Nigeria moved up to the 89th position […]
The British High Commissioner to Nigeria, Ms. Catriona Liang, has advised the incoming government in the country to adopt the right fiscal measures that will ensure that the planned fuel subsidy removal proposed for the second quarter of this year does not hurt poor Nigerians The UK envoy, while giving the charge during an interview […]
….endorses merger of Egbin Power, KEPCO Plant The National Council on Privatisation (NCP) has approved Mainstream Energy Solutions Limited (MESL) as the preferred bidder for the concession of the Zungeru Hydroelectric Power plant (ZHPP) for a yearly fee of $70,000.251 over the next 30 years. The Council, which gave the approval at its 2nd meeting for […]