The Managing Director of the Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba and his Oil and Gas Free Zones Authority’s (OGFZA’s) counterpart, Sen. Tijjani Kaura, have reported that the two free zones attracted about $46.6 billion investments into the country since they commenced operations. The FTZs supervisory CEOs made this disclosure at the […]
The International Labour Organisation (ILO) reported on Thursday that available data suggested that Africa’s real wage growth of workers dipped to minus 1.4 percent in 2021 and to minus 0.5 percent in the first half of 2022. The global labour organization made this disclosure in its latest ‘Global Wage Report 2022-2023: The Impact of Inflation […]
The National Bureau of Statistics (NBS), the coordinating agency for Nigeria’s statistical system, on Wednesday reported that prices of selected food items increased in October as the average price of 1kg onion bulb, increased on a year-on-year basis by 32.56 percent from N306.07 recorded in October 2021 to N405.72 in the month under review. The […]
The Naira recorded a marginal rebound in exchange value on Wednesday, trading at N767/$1 in the parallel market in the noon hours of the day. The Wednesday’s exchange rate of the local currency indicated a 0.39% appreciation as against N770/$1 it traded the previous day. Information source from black market traders in Wuse axis of […]
The Nigerian National Petroleum Company Limited (NNPCL) has linked the petrol queues partly to constrained movements of trucks to load the commodity in Lagos as a result of ongoing road construction in the state and assured that it was working with other marketers to end the crisis. The company explained that the projects around Apapa […]
The National Information Technology Development Agency (NITDA) has advised Nigerians to be careful while using WhatsApp platform as their data could be exposed following the recent alleged breach on the platform. Unconfirmed reports on data breach on the platform indicated that nearly 500 million WhatsApp users’ mobile phone numbers were leaked recently. Though WhatsApp is […]
The Central Bank of Nigeria (CBN) has issued new guidelines for use by individuals and entities applying for licence to operate as banks or other financial institutions in the country. The latest guidelines, issued by the CBN under the auspices of the Anti-Money Laundering, Combating The Financing of Terrorism, and Countering Proliferation Financing of Weapons […]
The Nigerian Communications Commission (NCC) has cautioned consumers on the patronage and use of devices that have not been typed-approved and other counterfeit devices, saying that the use of such devices negatively affect the quality of experience while leaving their users vulnerable to losses and other discomforts. The warning came following the Commission’s enforcement activities […]
The International Organization of Securities Commissions (IOSCO) has set some reform agenda for capital markets regulators globally to protect investors and by implication, ensure sustainable growth of their bourses. The umbrella body for capital market regulatory institutions globally in its just published report titled ‘Investor Behaviour and Investor Education’ noted that the COVID-19 pandemic did […]
The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Professor Umar Danbatta, has restated the commission’s commitment to ensuring there is a balance in the representation of females in the information technology (IT) ecosystem. Danbatta gave this assurance at the ICT Quiz competition for Girl’s in Senior Secondary Schools organized by Nigerian Women in […]