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Asia’s Economy To Shrink, First Time Since 1960s

As the impact of the novel COVID-19 pandemic on global economic landscape continues to hamper productive activities across geo-political zones worldwide, Asia’s economy has been projected to contract with many of the countries plunging into deficit growth for the first time over six decades. This is even as the level of output next year still […]

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E-Payment Transactions Hit N42.76Trn In Q3, 2019

The National Bureau of Statistics (NBS) has reported that the value of e-payment transactions in the nation’s banking sector rose to N42.76 trillion in 800,201,498 transactions during the third quarter this year. The bureau, in its latest report titled ‘Selected Banking Sector Data Q3 2019’ stated that the figures were the available data on electronic […]

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Senate Tasks FG On Nuclear Regulatory Authority’s Repositioning

The Senate has urged the Federal Government to re-position the Nigerian Nuclear Regulatory Authority with a view to ensuring safety, security safeguards and physical protection of nuclear materials, including hazardous wastes in Nigeria. Similarly, the upper chamber also charged the executive arm of government to re-engineer and recognize the Nigerian Atomic Energy Commission, while calling […]

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Again, Communications Minister Tasks NCC On High Data Cost

The Minister of Communications, Dr. Isa Ali Pantami, on Tuesday asked the Nigerian Communications Commission (NCC), the telecom industry regulator, to consider the possibility of reducing data cost for millions of Nigerian telecom subscribers amid growing complaints by them on extortion by service providers. The minister gave the charge when the management of the commission, […]

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Technology adoption will improve forecasts, mitigate risks in oil industry- Seplat

As Nigeria continues to explore all options to improve her earnings from the hydrocarbon resources industry, the Executive Operations Director, Seplat Petroleum Development Company Plc, Mr. Effiong Okon, has identified the adoption of critical contemporary technologies as crucial to effective planning and forecast and mitigating the risks in the industry. Okon gave this hint while […]

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ATM Transactions’ Value Hits N39.15trn In Q4, 2018

The National Bureau of Statistics (NBS) on Wednesday reported that transactions through the Automated Teller Machines (ATMs) by selected banks’ customers nationwide stood at N39.15 trillion in the fourth quarter of 2018. The bureau disclosed this in its ‘Selected Banking Sector Data for the Fourth Quarter, 2018’, published on its website. According to the official […]

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FG Targets $88Bn Revenue From Digital Economy

The Federal Government on Tuesday said that it planned to generate $88 billion and create three million jobs through the nation’s digital economy within the next decade. Making this disclosure during the official inauguration of the nation’s first digital classroom in Abuja, the Special Assistant to the President on Sustainable Development Goals, Adejoke Orelope-Adefulire, , […]

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MTN launches IPO on Ghana Exchange, Anxiety Heightens in Nigeria

Africa’s biggest telecommunication operator by subscriber base, MTN Group, has launched its Initial Public Offer (IPO) on the Ghana Stock Exchange to acquire a 4G spectrum. With the investment initiative, the public will have the opportunity to own 35 percent of the telecoms shares. The offering is part of the requirements by the National Communication […]