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...
BUSINESS
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,...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says with the removal of subsidy on Premium Motor Spirit (PMS) other interested parties are free to import products once they meet the requirements. The NMDPRA said the PMS importers must meet regulations as stipulated by the Petroleum Industry Act...
A financial expert, Prof. Uche Uwaleke, says it is commendable for the Central Bank of Nigeria (CBN) to unify the country’s exchange rate. Uwaleke, a Professor of Capital Market at the Nasarawa State, Keffi who said this in an interview with the News Agency of Nigeria on Wednesday in...
Parallex Bank has partnered with the Creative Reality Entertainment Arts and Music platform (CREAM), a digital talent hunt platform, to introduce a feature called ‘Bid of the Week’ (BOW). Dr Olufemi Bakre, Managing Director of Parallex Bank, at the signing ceremony on Wednesday in Lagos said that the partnership...
Ok Foods, manufacturers of Pure Bliss, on Wednesday, launched the “60 Millionaires in 60 Days Promo”, aimed at rewarding new and existing customers with financial palliatives. The second edition of the Pure Bliss Millionaire Promo is expected to run till July 31. The News Agency of Nigeria (NAN) reports...
By CALLISTUS OFFOR, Abuja – The Nigeria Communications Commission (NCC) says the number of identified areas of clusters across Nigeria without access to the telecommunications services has been reduced by 53.1 per cent as at the end of 2022. The Executive Vice Chairman and Chief Executive Officer of the...
An Agribusiness expert has commended the African Development Bank (AfDB) President, Dr Akinwunmi Adesina for revolutionising Nigeria’s agricultural sector during his tenure as Minister of Agriculture. The expert, Mezuo Nwuneli, in a report, said Adesina transformed the sector by implementing positive and far reaching policies. The News Agency of Nigeria...
The nation’s aggregate Company Income Tax (CIT) for Q1 2023, is reported to be N469.01 billion, the National Bureau of Statistics (NBS) says. The figure is contained in the NBS Company Income Tax(CIT) Q1 2023 Report released in Abuja on Wednesday. According to the report, the figure shows a growth...
Rep. Ahmed Wase, the immediate past Deputy Speaker of the House of Representatives has congratulated Rep. Tajudeen Abbas and Rep. Benjamin Kalu as the new Speaker and Deputy Speaker of the 10th Assembly Wase who contested alongside Abbas for the speaker on June 13 said his contesting for the...
The Federal Government has issued licences to the NNPC Limited Exploration and Production Ltd. and Belema Sweet Export Terminal Ltd for establishment of crude export terminals. The licences were approved and issued to the companies on Tuesday in Abuja by Mr Farouk Ahmed, Authority Chief Executive (ACE), Nigerian Midstream...
More details have emerged on how former Speaker of the House of Representatives and current Chief of Staff to the President, Rt. Hon. Femi Gbajabiamila, saved the telecom industry from a strange Bill pushed to the 9th Assembly by former minister of Communications and Digital Economy, Isa Pantami. Pantami who...
Only a Central Bank of Nigeria (CBN) with reputation for competence will attract the confidence of investors and operators into the Nigerian market, say some economists. They made the assertion at a seminar organised by the Association of Capital Market Academics of Nigeria (ACMAN), virtually, on Tuesday. The experts...
By OLA MUDOPE, Lagos – TEXEM UK, a leading executive development consulting firm, has congratulated one of its alumni, Mrs Chinwe Iloghalu on her recent appointment as the Executive Director of Lagos and Corporate Banking at Polaris Bank. TEXEM UK Director, Special Projects, Caroline Lucas, gave the commendation in...
Japanese car maker, Toyota is moving ahead to roll out next-generation Battery Electric Vehicles (BEV) globally, it said on Tuesday. A full lineup of BEVs is scheduled to be launched in 2026. The automotive company noted that by 2030, 1.7 million units out of 3.5 million overall, will be...
The establishment of Nigeria Air was to rectify the failures of the past in operations of national carriers by government and the private sector, former minister of Aviation, Hadi Sirika, has said. Sirika said during an interaction with newsmen on Monday in Abuja that the administration of former President...
By CALLISTUS OFFOR, Abuja – Executive Vice Chairman/Chief Executive Officer of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has been conferred with the “Excellent Service Delivery and Accountability Award” by the Association of Public Procurement Practitioners of Nigeria (APPON). The award was in recognition of Danbatta’s outstanding performance and...