MTN Nigeria Communications Plc, one of Nigeria’s leading telecommunications service providers, on Friday reported a profit before tax of N215.12 billion for the half-year ended 30 June, representing a 54.1 percent surge over its profit in the corresponding period of 2020. The telco, in its unaudited results for the half year period filed with the […]
Economy News Extra
CSEA Urges FG On Review Of MTFF 2020-2024 Key Parameters
The Centre for the Study of Economies of Africa (CSEA), a research firm committed to evidence=based researches on Africa’s economic trends, has advised the Nigerian government to consider the option of reviewing the key parameters of the Medium-Term Fiscal Framework (MTFF) for 2022-2024 in view of historical and latest micro and macroeconomic realities in the […]
Tokyo Olympics: Okagbare Shames Nigeria, Fails Doping Test
Nigeria’s most celebrated woman athlete, Blessing Okagbare, has been provisionally suspended from the ongoing Tokyo Olympics competition for failing doping test. Okagbare’s suspension was announced by the Athletics Integrity Unit (AIU) a few hours she was billed to participate in today’s semi-finals of the women’s 100 metres at the Olympics. The AIU stated that the […]
2021 Museum Day: Danbatta Harps On Roles Of Innovative Museums In Devt
The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has advocated the need for ingenious ways of collecting antiquities relevant to operations of various organizations in Nigeria in order to preserve the cultural legacies that can bridge the knowledge gap needed for sustainable national development Danbatta, who was represented […]
Trump In Trouble, As Justice Dept Orders Release Of Tax Records
Former President Donald Trump suffered major setbacks on Friday in his battle against prosecution over fiscal crimes when the Department of Justice (DOJ) ordered the release his tax records and disclosed a memo he wrote last year directing top officials to falsely claim his election defeat was “corrupt.” Specifically, the DOJ ruled that the income […]
Danbatta Lists Benefits Of Revised AOL, Spectrum Pricing Regulations To Telecoms Market
The Executive Vice Chairman (EVC), Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has said that the ongoing amendments to two major regulatory instruments of the Commission will help in strengthening and ensuring a fair and competitive telecoms market in the country. The two regulatory instruments are the Annual Operating Levy Regulations (AOL) and the Frequency […]
CBN Begins Refund Of Capital Deposit To BDC Applicants
The Central Bank of Nigeria (CBN) has indicated that it will immediately commence the refund of capital deposit to Bureaux de Change (BDC) applicants with pending applications. The apex bank disclosed this in a circular signed by Mr. Ibrahim Tukur for the Director, Financial Policy and Regulation Department. The circular stated the monetary stance was […]
Lloyd’s Insurance Unveils New Climate Action Roadmap
Lloyd’s insurance and reinsurance company has unveiled a new climate action roadmap as it continues moves to work with critical industries to help accelerate the pace of change as the need for net zero carbon intensifies. The risk underwriting company on Thursday released a new report ‘Insuring a sustainable, greener future’ and provided some information […]
Exclusive: CBN Disburses Over N2.46Trn To Beneficiaries Through Intervention Initiatives
The Central Bank of Nigeria (CBN) has disbursed over N2.46 trillion to beneficiaries of its sundry intervention programmes in the past few years, with agricultural, manufacturing and health sectors accounting for the largest chunk of the funding supports. For instance, while the apex bank has disbursed a total of N756.51bn to over 3.7 million farmers […]
Fraudsters Launder $4.2BnThrough HSBC Accounts, Lawmaker Raises Concerns
A money-laundering ring moved $4.2bn through a network of 60 HSBC accounts in Hong Kong, starting only two years after the bank promised to clean up its act, investigators have discovered. This is even as insiders have raised questions over whether HSBC management appropriately informed US monitors about the ring, which was uncovered by the […]