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 […]
Economists and development experts from across the world have stressed the need for African leaders to sustain annual growth rates of at least 7-10 percent over the next 40 years in the continent if the development targets of Agenda 2063 are to be achieved. The Agenda 2063 set by the African Union is Africa’s roadmap […]
The Central Bank of Nigeria (CBN) has reported that currency outside the vaults of Nigerian banks declined to an all-time of N788.92 billion in January as the currency swap implementation continues to gain deeper traction nationwide. The apex bank indicated that the policy measure had enabled banks to mop up about N1.78 trillion from the […]
The National Bureau of Statistics (NBS), Nigeria’s national statistics coordinating agency, on Tuesday reported that the average retail price of Automotive Gas Oil (also known as Diesel) paid by consumers in January 2023 was N828.82 per litre. The average retail price of the commodity in the month under review represented an increase of 187.69% from […]
The Naira reversed the losing streak in its exchange rate against the US dollar at the parallel market on Tuesday, trading at an average of N760/$1 and representing a 1.94% appreciation from the N775/$1 it exchanged when the market opened on Monday. Some of the FX traders at the parallel market during telephone chat with our […]
Two directors of the Nigerian Communications Commission (NCC), Dr. Alhassan Haru and Mr. Efosa Idehen have been respectively redeployed to man the Technical Standards and Network Integrity (TSNI), and the Compliance Monitoring and Enforcement (CME) departments of the Commission in a move to further enhance operational efficiency and sustain regulatory excellence. In an exercise approved by […]