By OLA MUDOPE, Lagos – 9mobile, a telecommunication network, says it has rolled out a special hajj roaming offer for Nigerian pilgrims. 9mobile in a statement on Monday in Lagos, said the offer would enable the pilgrims to enjoy discounted charges on voice calls, SMS and data in...
BUSINESS
Prof. Benedict Oramah, President and Chairman of the Board of Directors of African Export-Import Bank (“Afreximbank) says the COVID-19 pandemic and Ukraine crisis exposed the vulnerability of Africa in many ways.afre According to him, these events dramatise Africa’s over-dependence on others for our basic needs of food and healthcare....
Airtel Nigeria on Monday inaugurated the Fifth Generation Network (5G) in Lagos, Rivers, Ogun and the Federal Capital Territory, Abuja. The Chief Commercial Officer, Airtel Nigeria, Mr Femi Oshinlaja, said this during the inauguration of the 5G Network in Lagos. According to him, unlike the 3G and 4G networks,...
By DAVID IORJA, Abuja – President Bola Tinubu has assured prospective investors in Nigeria that his administration will provide a better business climate for them to thrive. President Tinubu made the commitment on Monday during an audience with the Founder and Global Chairman of BHARTI AIRTEL, Mr. Sunil Bharti...
ExxonMobil has announced Mr Shane Harris as new Chairman and Managing Director in the country. Mr Ogechukwu Udeagha, the Manager, Media and Communications of ExxonMobil, announce this in a statement made available to newsmen in Eket on Monday. He said that Harris was to assume role as lead country...
The African Export-Import Bank (Afreximbank) on Sunday inaugurated its wholly-owned insurance management services subsidiary, AfrexInsure. AfrexInsure was inaugurated on the sidelines of Afreximbank’s 30th Anniversary Annual Meeting in Accra, Ghana on Sunday, a statement released by BrandComms Agency said. “AfexInsure was set up with a commitment to provide a...
Following the Central Bank of Nigeria (CBN) new guidelines in the Foreign Exchange (FX) market recently released, the apex bank has announced further policy changes. According to the Director, Corporate Communications, Dr Isa AbdulMumin, these policy changes aims to promote transparency, liquidity and price discovery in the FX market....
Some financial experts have urged the Federal Government to export more gas and agricultural produce as measures to enhance the contry’s external reserves.p They spoke in separate interviews with the News Agency of Nigeria (NAN) on Sunday in Lagos. Prof. Sherifdeen Tella, Head, Economic Department, Olabisi Onabanjo University (OOU),...
By JOY ADARA, Abuja – The Federal Government of Nigeria has congratulated the Organisation of the Petroleum Exporting Countries (OPEC) at 63. The Permanent Secretary, Ministry of Petroleum Resources, Amb. Gabriel Aduda in a statement on Saturday, said OPEC had made significant strides in energy governance and the transformative...
The Nigerian Army has reacted to allegations by ex-Niger Delta militant leader, Asari Dokubo, that some cabals in the military are involved in oil theft in the region. Dokubo made the claims when he visited President Bola Tinubu in Abuja on Friday. The Director, Army Public Relations, Brig.-Gen. Onyema...
Engr. Ahmad Salihijo Ahmad, Managing Director/Chief Executive Officer of Rural Electrification Agency (REA), on Friday, said the Federal Government is providing solar energy alternatives to Nigerians in a bid to cushion the effect of subsidy removal on businesses and households. Ahmad who was speaking after the inspection of REA’s...
The Nigeria-Morocco Gas Pipeline Project has advanced with the signing of four Memoranda of Understanding (MoU) to ensure progress and strategic direction of the 25 billion dollars Trans-Atlantic gas pipeline project. The News Agency of Nigeria (NAN) reports that the four MoUs were signed on Friday in Abuja at...
The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate increased to 22.41 per cent in May 2023. This is according to the NBS Consumer Price Index (CPI) and Inflation Report for May 2023 released in Abuja on Thursday. According to the report, the figure is 0.19 per...
By JOHN ONAH, Abuja – Innovative products developed under the Tertiary Education Trust Fund (TETFund) Alliance for Innovative Research (TETFAIR) programme have started getting global attention as the “Chord Hearing Device” developed by a team under the TETFAIR initiative recently got opportunity for exhibition at the prestigious Sheba ARC...
In December 2015, the share price of First Bank of Nigeria Limited was trading around N4.8 band. About seven years later, precisely last December, the value held tightly to N15, growing by over threefold amid general asset and economic doldrums. The steep rise in the valuation of the financial...
By OLA MODUPE, Lagos – The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has invited international telecom companies and potential investors to take advantage of the opportunities presented by Nigeria’s population of over 200 million people to invest in its telecom sector, especially in infrastructure...
The Nigerian Safety Investigation Bureau (NSIB), on Thursday in Abuja, released preliminary report on the serious incident involving a Boeing 737-400 aircraft operated by Max Air Limited with Nationality and registration marks 5N-MBD NSIB Director-General, Mr Akin Olateru stated that the incident occurred between take off at Yola, Airport...
By CALLISTUS OFFOR, Abuja – The Nigerian Communications Commission (NCC) has directed Mobile Network Operators (MNOs) and Internet Service Providers (ISP) in the country to comply with regulatory frameworks emplaced by the Commission towards ensuring security and safety of their networks for telecom consumers. The Executive Vice Chairman and...
Economists have continued to give kudos to the Central Bank of Nigeria (CBN) for allowing the Naira to float freely on the Investors and Exporters (I&E) window. The News Agency of Nigeria (NAN) reports that banks are now allowed to trade foreign exchange on the I & E window...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has dismissed recent allegation by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) that ExxonMobil was lifting butane illegally at Bonny River Offshore Terminal (BRT). The NMDPRA had in letters to the Ministry of Petroleum Resources and Chief of Defence Staff,...