The Nigerian Communications Commission (NCC) has restated its commitment to ensuring that Nigerian residents, no matter how remotely located, have access to affordable telecommunications services. The Executive Vice Chairman of the commission, Prof. Umar Danbatta, who gave this assurance when the Champion Newspapers unveiled its heroes of 2022 at its annual awards in Lagos, explained […]
The International Telecommunication Union (ITU) has set a target of raising $100 billion from the public and private sectors by 2026, for investments in connectivity projects in the world’s least-developed countries. A statement issued by the UN organisation on the projects charged all stakeholders in the global telecommunications space, particularly the Partner2Connect Digital Coalition, on […]
The World Bank Group has approved US$460 million in credits and grants from the International Development Association (IDA) to improve and harmonize data systems in eight countries in Western Africa and three regional organizations. According to the Washington D.C-based development finance institution, the Harmonizing and Improving Statistics in West and Central Africa (HISWACA) Project, Phase […]
The National Pension Commission (PenCom), has recovered about N24.53 billion as pension contributions owed workers by defaulting employers across the country. The Director-General of PenCom, Mrs Aisha Dahir-Umar, made this disclosure on Thursday in Lagos at the 2023 Labour Writers Association of Nigeria (LAWAN) Workshop with the theme ‘Securing the Future: The Benefits of the […]
….consumers pay 47.18% higher for petrol The National Bureau of Statistics (NBS) has reported that consumers paid higher for Automotive Gas Oil (AGO/diesel) in the month of April this year, with the price of the commodity surging to an average of N842.25 per litre. The April 2023 price of diesel per litre represented a […]
The Nigerian Communications Commission (NCC) has reported that telecommunication mobile services subscriptions in the country declined by 0.4% to 225.8 million in March 2023 from the 226.8 million subscriptions recorded in the preceding month. The commission’s latest industry statistics indicated the huge drop in subscriptions rate in the month under review was due to about […]
Nigeria’s Naira suffered a significant depreciation in its exchange rate against the US dollar in the black market today, trading at an average exchange rate of N755/$1 and representing a 0.80% depreciation when compared to the N749/$1 it exchanged at the close of trading on Thursday. Some BDC operators attributed the unimpressive performance of the […]
The Nigerian Communications Commission (NCC) on Thursday charged traders across the country to be wary of calls and messages they receive and online apps they open in view of the risks associated with acting on such calls, messages and apps from fraudsters. The commission gave this charge during its telecom consumers sensitization programme with the […]
The Federation Account Allocation Committee (FAAC) reported on Thursday that it shared a total sum of N655.932 billion in April 2023 from Federation Account revenue to the three tiers of government even as it stated that Excess Crude Account (ECA) dropped to $473,754.57 as of the date of its meeting in May this year. The […]
The Central Bank of Nigeria (CBN) has unveiled its plans to establish a Virtual Reality Museum in the country to connect Nigerians with the global community on real time viewing of artifacts from across the international geo-cultural regions. The apex bank’s Deputy Governor, Operations Directorate, Mr. Folasodun Sonubi, made this disclosure in his welcome address […]