The Nigerian Communications Commission (NCC) has reported that following the disruption last Thursday, March 14, which affected data and voice services due to cuts in undersea fibre optics along the coasts of Cote d’Ivoire and Senegal, telecom services have now been restored to approximately 90% of their peak utilization capacities. The telecom industry regulatory commission, […]
Economy News Extra
NBC Issues Licence For Maiden Children’s TV In Nigeria
The National Broadcasting Commission (NBC) has granted a licence to Three Tees Entertainment Limited to operate Nigeria’s first-ever children’s television station. The company’s owner, Mr. Idowu Sowunmi, a seasoned player in Nigeria’s journalism industry, hinted that the new station, which will be sited in Lagos State, would cater specifically to the entertainment and educational needs […]
NIMC, NCC Synergize Efforts To Enhance NIN-SIM Linkage
The National Identity Management Commission (NIMC) and the Nigerian Communications Commission (NCC) have announced a strategic collaboration aimed at enhancing processes for the linkage of the National Identification Number (NIN) and SIM by telecom consumers nationwide. In a joint statement by the Technical Adviser, Media, and Communications to the DG/CEO of the National Identity Management […]
Tinubu Orders Immediate Opening Of Nigeria-Niger Borders
President Bola Tinubu has directed the immediate re-opening of Nigeria’s land and air borders with the Republic of Niger with immediate effect. The Special Adviser to the President on Media and Publicity, Ajuri Ngelale, in a statement titled, ‘Nigeria Opens Land and Air Borders with Republic of Niger, Lifts Other Sanctions’, issued on Wednesday, disclosed […]
NNPCL Seeks EFCC’s Support To Combat Surging Oil Theft Incidents
The Nigerian National Petroleum Company Limited (NNPCL) has solicited the support of the Economic and Financial Crimes Commission (EFCC) in the current efforts of the Federal Government to combat the crude oil theft incidents nationwide in view of the destructive impacts on the nation’s economy. The Group Chief Executive Officer of NNPCL, Mele Kyari, appealed […]
NDPC Seals Pacts With Lottery Commission, SMEDAN On Sectorial Regulation
The Nigeria Data Protection Commission (NDPC) has signed Memoranda of Understanding (MoU) with the National Lottery Regulatory Commission (NLRC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), aimed at bolstering data protection initiatives across various sectors of the political economy. The NPDC’s Head, Media Unit, Itunu Dosekun, in a statement issued on […]
RMAFC Advocates Transparency In Public Finance System
….Lauds Tinubu On Oronsanye’s Report Implementation The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has commended President Bola Ahmed Tinubu for adopting the Steven Oronsaye Committee’s Report in furtherance of his administration’s sustained efforts aimed at reducing high cost of governance through the restructuring and rationalization of federal agencies, parastatals and commissions. The commission, in […]
Hope Dims On ECOWAS Single Currency, As Assessment Rating Ebbs
Despite sustained efforts by West African governments to introduce a single currency for cross-border transactions in the sub-region, indications have shown that the quest for a single currency regime by them is becoming a herculean task in terms of performance assessment. The West African Monetary Zone (WAMZ) Director- General, Dr. Olorunsola Olowofeso, on Friday expressed […]
FG Inaugurates Committee On Carbon Market Activation Plan
The Federal Government on Thursday inaugurated an Intergovernmental Committee on Carbon Market Activation Plan with the mandate of exploring opportunities in Africa’s $2.5 billion carbon market for the nation’s economic development The Vice President, Kashim Shettima, who inaugurated the committee on behalf of the President, Bola Tinubu, said the committee’s mandate was to develop a […]
767 Manufacturing Firms Shutdown In 2023 – MAN
As the policy reforms-induced current macroeconomic whirlwinds in Nigeria’s business landscape continue unabated, the Manufacturers Association of Nigeria (MAN) has opposed the planned implementation of the Expatriates Employment Levy (EEL) by the Federal Government, saying implementing the fiscal measure could aggravate the crisis in the real sector. The association in a statement signed on Tuesday […]