The Nigerian Ports Authority (NPA) on Thursday in Lagos assured that the one-billion-dollar Ondo State Multipurpose Deep Seaport project got all necessary approval for its implementation. NPA’s Managing Director, Mr Mohammed Bello-Koko gave the assurance when he received visiting Ondo State Coordinator for Special Projects, Mr Boye Oyewumi, who...
BUSINESS
By OLA MUDOPE, Lagos – Airtel Africa has appointed Mr Carl Cruz as the Managing Director and Chief Executive Officer of Airtel Nigeria. Mr. Cruz’s appointment would take effect from May 5, 2023, according to a statement issued by The Group Chief Executive Officer, Mr Segun Ogunsanya, on Thursday...
Mr Mele Kyari, the Group Chief Executive Officer, Nigerian National Petroleum Company Ltd. (NNPCL), has called on African countries to take advantage of the implementation of the African Continental Free Trade Agreement (AfCFTA). Kyari said this would help to diversify their energy sources into a sustainable and low-carbon energy...
By JOY ADARA, Abuja – Nigerian Communications Commission (NCC) has approved unified USSD codes for all mobile networks in Nigeria. The harmonized shortcodes (HSC) will work across all mobile networks in the country. This means all mobile network services will be using the same customer care number, the same...
The National Bureau of Statistics (NBS), said that prices of food items such as yam, beans and beef witnessed increases in March. This is contained in NBS Selected Food Prices Watch Report for March 2023 released in Abuja on Wednesday. The report said the average price of 1kg beef...
The Federal Government says Livestock sub-sector accounts for more than 40 per cent of global agricultural Gross Domestic Product (GDP). According to Dr Ernest Umakhihe, Permanent Secretary, Ministry of Agriculture and Rural Development, the sub-sector also provides more than 33 per cent of World’s protein intake. Umakhihe, who stated...
The Nigerian Communications Commission (NCC) has commenced nationwide training of another batch of 600 youths in ICT to make them relevant in the new digital age. This is contained in a statement issued by the NCC and made available to newsmen on Tuesday in Ibadan. The News Agency of...
The Nigerian Upstream Downstream Regulatory Commission (NUPRC) says the Federal Government has concluded plans to explore alternative funding models for development of the country’s oil and gas resources. Mr Gbenga Komolafe, the Commission Chief Executive of NUPRC, said this on Monday during the opening ceremony of the Petroleum Technology...
The Securities and Exchange Commission (SEC), has blacklisted six online trading platforms in its latest crackdown on illegal and unregistered firms. In a circular by the Commission on Monday in Abuja, SEC said the platforms were purporting to offer investment and finance services and products. The circular said the...
A University Don, Olanrewaju Aladeitan, says before removal of the fuel subsidy, it is expected that ideal things, including fixing the refineries to be functional, should be done for optimal benefit. The lecturer warned that the removal of subsidy on Premium Motor Spirit (PMS), called fuel, without proper planning...
The President of Dangote Group, Mr Aliko Dangote, has urged African countries to dismantle all barriers hindering free trade among them to achieve sustainable growth and development across the continent. Dangote gave the advice at a launch of a special publication, The World Ahead 2023, by The Economist, a...
The Transmission Company of Nigeria (TCN) says it will reconnect the three Distribution Companies earlier disconnected from the national grid for non compliance with market rules. The News Agency of Nigeria reports that Kano DisCo, Kaduna Electric and APLE Electric were disconnected by the TCN, a situation which left...
By JOY ADARA, Abuja – The Central Bank of Nigeria (CBN) says it has no plans to phase out the redesigned Naira notes from circulation. CBN’s Acting Director, Corporate Communications Department, Isa AbdulMumin, made this known in a statement in Abuja on Sunday. The statement was a reaction to...
The Private Telecommunications and Communications Senior Staff Association of Nigeria (PTECSSAN) has issued a three-day warning strike notice to Huawei Technologies Company Limited over alleged anti-labour practices. Huawei is a global provider of information and communications technology (ICT) infrastructure and smart devices. PTECSSAN’s General Secretary, Mr Okonu Abdullahi, in...
By CALLUSTIS OFFOR – Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, on Thursday, led a delegation of top officials of the Commission on condolence visits to the families of two prominent Nigerians who recently passed away. The visits were to the families of...
The Transmission Company of Nigeria (TCN) has announced the suspension of three electricity distribution companies for by the Market Operator (MO) for breach of market rules. The affected companies are APLE Electric Limited, Kano and Kaduna Electricity Distribution Companies. Mrs Ndidi Mbah, TCN’s General Manager, Public Affairs, in a...
The majority shareholders and directors of the foremost civil engineering firm, Soleh Boneh have been sued over their alleged mismanagement of the firm to the detriment of the minority shareholders. The minority shareholders, in a petition filed before the Federal High Court in Abuja, accused the majority shareholders/directors of...
Gov. David Umahi of Ebonyi says that members of the state House of Assembly forfeited their three-years constituency project funds for the completion of the state’s new international airport. Umahi made the disclosure during the test-run of flight operations at the airport christened Muhammadu Buhari international airport, at Onueke...
Vice President Yemi Osinbajo says Nigeria, as a nation, needs to consider investments in Green Hydrogen in view of energy transition. Osinbajo made the call while unveiling a book titled “Understanding Natural Gas: A Nigerian Perspective” on Thursday in Abuja. The Vice President urged the Nigeria National Petroleum Company...
Shareholders of United Bank for Africa (UBA) Plc have approved the Board of the bank’s proposal to pay a dividend of N1.10 per share for the financial year ended Dec. 31, 2022. The shareholders gave their approval at the bank’s 61st Annual General Meeting (AGM) held virtually on Thursday....