Banking Budgeting Latest News Planning & Economic Development Political Economy Power/Electricity Revenue Technology

NDDC To Hand Over Ondo Power Project To TCN

The Governing Board of the Niger Delta Development Commission (NDDC) has concluded plans to inaugurate the 132/33kv electricity sub-station at Ode-Erinje in Okitipupa Local Government Area of Ondo State. The Commission explained that the plan would include the handover of the sub-station to the Transmission Company of Nigeria, TCN, for operational management. The Commission stated: […]

Banking Budgeting E-Payment Tech & Solutions Economy News Extra Infrastructure & Capital Projects Latest News Planning & Economic Development Political Economy Revenue Technology Telecomms Water

Voice, Data Services Affected By Undersea Cable Cuts Restored By 90% – NCC

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, […]

Budgeting Economy News Extra Latest News Planning & Economic Development Political Economy Sports & Entertainment Technology

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 […]

Banking Budgeting E-Payment Tech & Solutions Latest News Planning & Economic Development Technology Telecomms

BVN Registration Rises To 61.16Mn On March 15 – NIBSS

Nigeria Inter-Bank Settlement System (NIBSS) reported at the weekend that total registration for the Bank Verification Number (BVN) by bank customers in the country had increased to 61.16 million The NIBSS, in a report hoisted on its website indicated that as of last Friday, the BVN registrants totaled  61,166,384. In its earlier report published this […]

Banking Budgeting Investments/Capital Market Latest News Planning & Economic Development Political Economy Revenue Technology

Analysts Predict Positive Outlook In NGX, As Investors Eye Dividends

Investment experts at Bancorp Securities Limited, a leading investment research and consulting services firm in Nigeria, have projected that trading in the Nigerian Exchange (NGX) will be upbeat this week as investors are warming up for dividend yields and other investment expectations. The experts, in the firm’s ‘Weekly Stock Recommendation: Mar 18-Mar 22 2024’ report […]

Banking Budgeting E-Payment Tech & Solutions Economy News Extra Latest News Planning & Economic Development Political Economy Revenue Technology Telecomms

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 […]

Budgeting E-Payment Tech & Solutions Latest News Planning & Economic Development Science 'n' Technology Technology Telecomms

NCC Advocates Responsible AI Devt To Protect Consumers

The Nigerian Communications Commission (NCC) has canvassed the need for development fair and responsible Artificial Intelligence (AI) technology for the protection of telecommunication customers globally. The Executive Vice Chairman (EVC) and CEO of the commission, Dr. Aminu Maida, gave this charge to technology experts in his remarks at the 2024 World Consumer Rights Day, held […]

Banking Budgeting Latest News Manufacturing Planning & Economic Development Political Economy Revenue Revenue Agencies Statistics Taxation Technology Transportation

Nigeria’s VAT Collections Surge By 26.61% Q4 2023

The National Bureau of Statistics (NBS) reported on Friday that on the aggregate, Value Added Tax (VAT) collections in Nigeria increased to N1.20 trillion in the fourth quarter of 2023 (Q4 2023), showing a growth rate of 26.61% on a quarter-on-quarter basis from N948.07 billion raked in from the revenue source in Q3 2023. In […]

Banking Budgeting E-Payment Tech & Solutions Infrastructure & Capital Projects Latest News Planning & Economic Development Political Economy Revenue Technology Telecomms

ALTON Appeals To Telecom Stakeholders On Damaged Submarine Cables

The Association of Licensed Telecommunications Companies of Nigeria (ALTON), has issued an advisory to industry stakeholders  concerning the damage to multiple submarine fibre optic cables along the West Africa Coast, which have affected adversely data access and internet services in the sub-region. The association, in a statement signed by  its Chairman, Engr. Gbenga Adebayo and […]

Banking Budgeting Latest News Oil & Gas Planning & Economic Development Revenue Technology Transportation

Minister Inaugurates Committee For Conversion Of NRC’s Locomotives To LNG-CNG

The Minister of Transportation, Sen. Sa’idu Ahmed Alkali, has called for immediate technical evaluation of the proposal to transit Nigeria Railway Corporation’s (NRC’s) locomotives from diesel to LNG – CNG as part of the current drive by the government towards ensuring sustainable and cheaper energy sources for the operations of the rail system The Director […]