The Nigerian Communications Commission (NCC) has reported that about 12 million telecommunications subscribers have asked service providers not to disturb them with unsolicited text messages and calls. The commission’s Executive Vice Chairman, Prof. Umar Danbatta, made this disclosure when he met with Kano actors and film makers (popularly known as Kannywood) in Kano. While urging […]
First City Monument Bank (FCMB) one of the nation’s futuristic lenders, has signed a Memorandum of Understanding (MoU) with the World Savings and Retail Banking Institute (WSBI) for the purposes of increasing the bank’s support to agribusiness, its value chain and the nation’s economy. The bank stated said that the MoU outlined a framework to […]
The Securities and Exchange Commission (SEC) has canvassed the need for government-owned enterprises to be listed on the Nigerian Stock Exchange (NSE) in furtherance of the current drive to deepen the market’s capitalization. The commission’s Acting Director General, Ms Mary Uduk, mulled the idea when members of the Senate Committee on Capital Market visited her […]
The Federal Government has unveiled plans to meet 30 percent of its energy needs from renewable energy sources by 2030. The Minister of Works, Power and Housing, Babatunde Fashola, gave this hint in his keynote address at the 2018 pre-conference workshop of the Nigerian Association of Petroleum Explorationists (NAPE) in Lagos The minister said that […]
The National Insurance Commission (NAICOM) has released guidelines for licensing and the operations of an insurance agency, known as State Insurance Producer (SIP). The Commissioner for Insurance (CFI), Mohammed Kari, while unveiling the guidelines in Abuja said that the new guidelines issued pursuant to the powers conferred on it by section 49(1) of NAICOM 1997 […]
The Federal Government on Monday restated its determination to anchor major ongoing economic growth agenda, including the diversification of the nation’s economic base, on Information and Communications Technology (ICT) tools and solutions. The Permanent Secretary in the Federal Ministry of Communications, Mrs. Nkechi Ejele, made this disclosure at the opening ceremony of the sixth Regular […]
The Federal Government on Monday lamented the activities of illegal miners in the country and the attendant revenue loss implications for the nation’s sustainable growth. It is estimated that with 80 percent of mining activities being done illegally, Nigeria had been losing billions of naira annually and hampering the sector’s contribution to the Gross Domestic […]
The Nigerian National Petroleum Corporation (NNPC) may have spent about N835 billion higher on petroleum subsidy in the first nine months of this year than it did last year based on imported products’ data provided by the Petroleum Products Marketing Company (PPMC) and the Department of Petroleum Resources. The official data provided by the two […]
Heritage Bank Plc has restated its commitment to improved youth and sport developments in the country through sponsorship of sporting activities in tertiary institutions. The bank’s Managing Director, Ifie Sekibo, made the promise this at the just concluded 14th edition of the West African Universities Game (WAUG) held at the University of Port Harcourt, Rivers […]
The Senate Ad-hoc Committee mandated with the responsibility of probing the disbursement of the Federal Government’s Special Intervention Fund (SIF) has indicated that it would commence sitting on Wednesday. The members of the panel linked the delay in their inauguration and commencement of work to the failure of the Senate to form a quorum for […]