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SIM Replacement: NCC Tasks MNOs, Others On Compliance With Guidelines

The Nigerian Communications Commission (NCC) has charged Mobile Network Operators (MNOs), their licensed agents and telecom subscribers nationwide to always comply with the Subscriber Identity Module (SIM) registration, activation and replacement procedures as set out in the Revised National Identity Policy for SIM Registration. The Commission gave this charge during the 6th Edition of the […]

Budgeting Crime & Judiciary Matters Economy News Extra Latest News Oil & Gas Planning & Economic Development

Oil Theft, Vandalism Dip Nigeria’s Oil Output Below 1.5MBPD – NNPC

The Nigerian National Petroleum Company Limited (NNPC Ltd) has confirmed that Nigeria’s oil output had dipped below 1.5 million barrels per day (mbpd) following unbridled theft in the petroleum industry. The company’s Group Managing Director (GMD), Malam Mele Kyari, who gave this hint on Tuesday at the 5th National Union of Petrol and Engineering and […]

Economy News Extra Latest News Oil & Gas Planning & Economic Development Political Economy

Okowa Urges NUPENG On Improved Contributions To Nigeria’s Growth

Delta State Governor, Ifeanyi Okowa, has charged the Nigeria Union of Petroleum and Natural Gas Workers’ (NUPENG’s) leadership to sustain its contributions towards the country’s sustainable economic growth and stability. The governor made the call on Tuesday when he received the new leadership of the union which paid a courtesy visit to Government House, Asaba, […]

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CBN Urges Nigerians To Shun Unlicensed Financial Operators

The Central Bank of Nigeria (CBN) has advised Nigerians and other residents in the country to stop dealing with unlicensed or illegal financial operators in the country in view of the risks associated with any financial transactions with them. The apex bank gave the advice in a statement posted on its website on Monday through […]

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DMO Offers Two FGN Savings Bonds For Subscription

The Debt Management Office (DMO) on Monday offered two Federal Government of Nigeria’s (FGN’s) savings bonds for subscription at N1,000 per unit. The Office, in a circular on its website, stated that the issuance would be opened on April 4 and run until April 8.. The offer comes at N1,000 per unit subject to a […]

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SEC’s Maiden Year 2022 CMC Mtg To Appraise Fintech Roadmap, Others

The Securities and Exchange Commission (SEC) has announced that its first Capital Market Committee (CMC) meeting in 2022 will virtually hold tomorrow to appraise Fintech Roadmap and other issues covered in its 10-Year Capital Market Master Plan (CMMP). The meeting is expected to feature key stakeholders in the capital market who will deliberate on issues […]

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Transcorp Hotels Reports N16.23Bn Gross Profit In FY 2021

Transcorp Hotels Plc on Monday reported that its gross profit rose by 143% to N16.23 billion even as the revenue grew to N21.7 billion in the 2021 financial year. The hospitality company’s Chairman of the Board of Directors, Mr. Emmanuel Nnorom, while giving these figures at the 8th Annual General Meeting (AGM) in Abuja, also […]

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CPPE Advocates Holistic Reforms Of Petroleum, Power Industries

The Centre for the Promotion of Private Enterprise (CPPE), a private sector advocacy and economic think tank, has advocated that urgent steps needed to be taken to consummate the reform process with the full activation of the Petroleum Industry Act as well as other measures required to make the country fully optimize the potential in […]

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Elon Musk Acquires 9% Stake In Twitter

Tesla CEO, Elon Musk, has taken a 9.2% stake in Twitter, purchasing approximately 73.5 million shares, According to a regulatory filing on Monday, Musk’s stake in Twitter is considered a passive investment, which means Musk is a long-term investor that’s looking to minimize his buying and selling of the shares. A news report by BusinessPlus, […]