Lingering controversies over Nigeria’s National Water Resources Bill, initially forwarded to the National Assembly in April 2017 to implement the Nigeria Sustainable Urban and Rural Water Supply, Sanitation and Hygiene Program-for-Results (SURWASH Programme) have stalled the release of the $700 million loan from the World Bank, documents from the multilateral development finance institution have indicated. […]
Researchers at Bankcorp Securities Limited, a leading investment research and consulting services providing company, have projected that trading on the Nigerian Exchange (NGX) this week will be flattish, with a predominant bearish sentiment characterizing the sessions. The experts, in the firm’s ‘Weekly Stock Recommendation: Mar 25 to Mar 29, 2024’ circulated to our correspondent on […]
The Federal Government has initiated criminal proceedings against Binance, a cryptocurrency exchange platform, in a decisive move aimed at upholding fiscal responsibility and safeguarding the economic integrity of the country, The criminal proceeding charges, filed at the Federal High Court in Abuja, were announced by the Federal Inland Revenue Service (FIRS) in a statement issued […]
Following recent undersea cable cuts that challenged connectivities in many countries in the West African region, Nigeria has canvassed the need for a coordinated and multilateral approach by the regional authorities to protect shared telecommunications infrastructure, and diversify connectivity to ensure uninterruptible connections. The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr. Aminu […]
The Debt Management Office (DMO) at the weekend disclosed that Nigeria’s Public debt stock rose to N97.341 trillion or $108.229 billion as at December 31, 2023, representing an increase of N9.43 trillion when compared to the debt reported at the end of the third quarter of the year. The Office, in a Notice issued last […]
State governments in the country should adopt a Public Private Partnership (PPP) arrangement in procuring power infrastructure in their states in the current efforts to boost electricity supply nationwide, a former Minister of Power, Prof. Barth Nnaji, has advised. The industry top player gave the charge on Thursday during his paper presentation at the first […]
Ogun State Government has restated its commitment to ensuring that the recent crisis between the National Union of Road Transport Workers (NURTW) and the Ogun State Park Management Board (OGSPAM) are amicably resolved as part of its efforts to ensure industrial peace in the state. The State Commissioner for Transportation, Engr. Dairo Olugbenga, who updated […]
The Economic and Financial Crimes Commission (EFCC) and the Nigeria Deposit Insurance Corporation (NDIC), have opened discussions on how to synergize their efforts for the purposes of ensuring that the nation’s banking industry is secured from fraudulent activities and by implication, stabilize the financial system. The Executive Chairman of the EFCC, Mr. Ola Olukoyede, made this […]
The US Department of Justice (DOJ) and some states have filed an antitrust lawsuit against Apple Inc, over allegation that its devices and software are a monopoly that gives it vast profits at the expense of customers. News reports late Thursday indicated that the DOJ and 16 state and district Attorneys-General, accused Apple of driving […]
Nigeria’s Minister of Communications and Digital Economy, Dr. Bosun Tijani, has disclosed that in furtherance of the Federal Government’s ongoing efforts to enhance the quality of telecommunications services nationwide, the government and the International Telecommunication Union (ITU) have opened discussions targeted at protecting submarine cables and other digital infrastructure. Tijani, who made this disclosure on […]