The Assets Management Corporation of Nigeria (AMCON) has advised the Chairman of Arik Air, Johnson Arumemi-Ikide, to present a reasonable debt recovery plan in order to recover the airline. The Managing Director of AMCON, Mr Ahmed Kuru, gave the advice at a media interactive session in Lagos State....
BUSINESS
By CALLISTUS OFFOR, Abuja – The Chief Justice of Nigeria (CJN), Hon. Justice Olukayode Ariwoola has pronounced the Nigerian Communications Commission (NCC), a worthy telecom regulator in Nigeria for its dedicated efforts in promoting awareness and knowledge of Information Communications Technologies (ICT), among the judiciary in particular, and...
The eight-man team of young Nigerian-robotics scientists are set to depart for Singapore Oct. 7 to represent Nigeria in a global competition, the team’s Facilitator disclosed in Lagos on Monday. The team’s mentor, Mr Ibikunle Joshua-Olayinka, in an interview with the News Agency of Nigeria (NAN) in Lagos,...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said the oil and gas industry generated over $23billion in 2021. The Executive Secretary of NEITI, Dr Orji Ogbonnaya-Orji said this while presenting highlights on the 2021 Oil and Gas report unveiled on Monday in Abuja. According to Ogbonnaya Orji,...
While demographics and capital can fuel a Nigerian economic boom, small and medium sized enterprises will sustain its growth, says Wally Adeyemo, U.S. Deputy Secretary of Treasury. Adeyemo, the highest-ranking member of African diaspora in the Biden led administration, who is on a trip to Nigeria, said this...
The rise in the cost of crude oil, coupled with the depreciation of the naira against the United States dollar, might lead to a hike in the pump price of Premium Motor Spirit, popularly called petrol, oil marketers stated on Sunday. It was also gathered that the sharp...
By CALLISTUS OFFOR, Abuja – The Nigerian Communications Commission (NCC) has kicked off activities for the third edition of its Talent Hunt Research through Hackathon as part of giving expression to its Strategic Vision Plan 2023-2025, which is to encourage the development of new technologies and indigenous content...
By CALLISTUS OFFOR, Abuja – The national target to achieve 70 per cent broadband penetration by 2025 is receiving renewed attention from the Nigerian Communications Commission (NCC), which promises 50 per cent before the end of 2023. This promise was one of the highlights of the...
The Central Bank of Nigeria (CBN), is set to recover loans it granted some categories of Nigerians to ameliorate harsh socio-economic realities. The News Agency of Nigeria reports that the loan initiative involved is the Targeted Credit Facilities (TCF), granted to some Nigerians in 2020 to cushion the...
The Nigerian Communications Commission (NCC), is taken a bold initiative aimed at the development of home-grown innovative solutions and local content development in the Telecommunications Sector while fostering economic growth and social advancement in Nigeria. The Commission believes that the development of such home-grown innovative solutions and local...
The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has signed a Memorandum of Understanding (MoU) with Africa Indorama Energy Petrochemical Ltd. to supply 800 million scuff of gas to promote industrialisation in Nigeria. Malam Mele Kyari, Group Chief Executive Officer, NNPC Ltd., said this during the signing of the...
The Executive Vice-Chairman, Nigeria Communications Commission (NCC), Prof. Umar Danbatta, says telecoms investment inflow grew from $38 billion to $77 billion by the second quarter of 2023. Prof. Danbatta, who spoke in Kano on Saturday at a media parley, revealed that the sector had contributed 16 per cent...
The Director General of the national Information Technology Development Agency, NITDA, Mallam Kashifu Inuwa said Nigerian StartUps had attracted over $4 billion into the economy in terms of investments. Inuwa spoke at the Innovation Support Network (ISN) 2023 annual summit with the theme: “Unlocking Potential: Collaborating for Growth...
The Chief Executive Officer (CEO) of the First Bank Holding of Nigeria (FBHN), Dr Adesola Adeduntan, says the bank’s growth rate in the first half of 2023 can be attributed to the support from its customers. Adeduntan said this during the bank’s Corporate Customer Engagement Forum on...
By CALLISTUS OFFOR, Abuja – The Michael Imoudu National Institute of Labour Studies (MINILS) has decorated the Executive Vice Chairman of the Nigerian Communications Commission, Prof. Umar Danbatta, with the award of Fellowship of the Nigeria Institute of Labour (NIL) under the Federal Ministry of Labour and Employment. ...
The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate increased to 25.80 per cent in August 2023. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for August, which was released in Abuja on Friday. According to the report, the figure,...
Nigeria’s public debt stock increased from N49.85 trillion (108.30 billion dollars ) in the first quarter of 2023 to N87.38 trillion (113.42 billion dollars ) in the second quarter of 2023. The National Bureau of Statistics (NBS) said this on Friday in its Nigerian Domestic and Foreign Debt...
The National Bureau of Statistics (NBS) says prices of food items such as beef, tomatoes, beans, and yams witnessed increases in July. It made the declaration in its Selected Food Prices Watch Report for July 2023 issued in Abuja on Friday. The report stated that the average price of...
Ethiopian Airlines Group, the fastest-growing global airline brand and the continent’s leading airline, is pleased to announce that it has been crowned as the ‘Best African Airline’ at Business Traveller Awards 2023. Business Traveller Awards has named Ethiopian as the Best African Airline for four years in a row,...
The MTN Foundation says it has spent about N3 billion on scholarships for less privileged undergraduate students and students living with disabilities in the country. The Director of the Foundation, Mr Reginald Okeya, disclosed this on Thursday at the Scholarship Award ceremony in Port Harcourt. Okeya said...