The Nigerian Communications Commission (NCC) has said it is taking a decisive regulatory move to ensure sustainability, profitability and fair competition in the Special Numbering Service (SNS) segment of the nation’s telecommunications sector. The commission stated that the move was based on the decision of the Commission to hold a Stakeholders’ Forum on the ‘Determination […]
The Federal Government on Thursday flagged off the disbursement of N1.8 billion to 58,963 households in Benue State under its Conditional Cash Transfer (CCT) programme, which is targeted at lifting vulnerable citizens out of poverty. The CCT programme, which is a component of the government’s National Social Investment Programme (NSIP) commenced in Benue State with […]
Electricity consumers in the country are expected to pay more following plans by the Federal Government to soon review upwards the power tariff in line with the Multi Year Tariff Order (MYTO). This is even as the Nigerian Electricity Regulatory Commission (NERC) on Wednesday confirmed government had commenced the procurement of four million meters for […]
Nigeria’s Gross Domestic Product (GDP) grew by 4.03% (year-on-year) in real terms in the third quarter of 2021, showing a sustained positive growth over the last four quarters since the 2020 recession. Giving this hint at a media briefing on the 3rd Quarter GDP Report in Abuja on Thursday, the Statistician General of the Federation […]
The Federation Accounts Allocation Committee (FAAC), today at its meeting held at the end of National Council on Finance and Economic Development conference held at Lagos, shared to the three tiers of government, a total sum of N671.910 billion as federation allocation for the month of October, 2021. From this amount, inclusive of Value Added Tax […]
New research findings have indicated that some re/insurers may discontinue their risk coverage from the property catastrophe space in 2022 due to rising frequency and severity of secondary perils that are adding pressure to margins, leading to greater diversification towards other classes of business A report by Peel Hunt, a United Kingdom-based boutique investment banking […]
New research findings have indicated that some re/insurers may discontinue their risk coverage from the property catastrophe space in 2022 due to rising frequency and severity of secondary perils that are adding pressure to margins, leading to greater diversification towards other classes of business A report by Peel Hunt, a United Kingdom-based boutique investment banking […]
The Federal Government on Tuesday gave insight into how its recent anti-graft preventive measures adopted to check corruption and manage recovered stolen assets had helped in repatriating funds and assets stolen and stashed away in overseas’ banks and other custodial agencies by some fraudulent Nigerians . The government listed some of the repatriated loots as […]
The Minister of Mines and Steel Development, Olamilekan Adegbite, on Tuesday said that the Mining Cadastre Office generated N3.88 billion as revenue from mining licences between January to October this year, representing about N1.5 billion increase over the N2.3 billion it raked in from the source in 2020. The minister, who made this disclosure during […]
IHS Towers has signed agreements to acquire 5,709 telecommunication towers from MTN, headquartered in Johannesburg, South Africa for $412 million as part of a deal that will make the MTN group forfeit some of its towers to one of the largest telecommunications infrastructure providers in the world by tower count. The pact is expected to […]