Investors at the stock market of the Nigerian Exchange Ltd. (NGX) on Monday lost N16 billion due to sell-offs in medium and largely capitalised stocks. The NGX All Share Index (ASI) decreased by 29.35 basis points or 0.05 per cent to close at 54,886.04 basis points from 54,915.39 recorded...
BUSINESS
Mr Jean-Marc Cordier, a former Vice President of the Abu Dhabi National Oil Company (ADNOC), has joined the services of the Nigerian National Petroleum Company Ltd (NNPCL). This is contained in a statement by Mr Garbadeen Muhammad, the Chief Corporate Communications Officer, NNPCL, on Monday in Abuja. Muhammad said...
By CALLISTUS OFFOR, Abuja – The public concourse at the Terminal C of the Nnamdi Azikwe International Airport, Abuja is the first beneficiary of a Telecom Consumer Assistance Resolution and Enquires (TELCARE) Centre unveiled by the Nigerian Communications Commission (NCC). NATIONAL ACCORD reports that this was one of the series...
By JOY ADARA, Abuja – Tax administrators must keep up with the dynamics occasioned by disruptive new technologies of the 21st century, and arm themselves with the necessary skills, capacity and character for effective and efficient tax administration in the fourth industrial revolution age. This was the position expressed...
By CALLISTUS OFFOR, Abuja – MTN Nigeria Communications Plc and Pan-Atlantic University have announced a call for applications for the Media Innovation Programme (MIP). This is the second edition of the programme, launched in 2022, to support media practitioners and promote understanding of the rapidly changing media landscape. The...
The United Kingdom has earmarked 10 million pounds grant for innovators in Sub-Saharan Africa, South East Asia, and South Africa to address the energy situation . Mr Joshua Adedeji, Knowledge Transfer Manager for the Innovate UK Nigeria, said this in statement at the end of an Energy Catalyst meeting...
By JOY ADARA, Abuja – A Memorandum of Understanding between Nigeria’s Federal Inland Revenue Service (FIRS) and the United Kingdom’s His Royal Majesty’s Revenue and Customs (HMRC) was signed yesterday with the aim of fostering improved collaboration on capacity building between the two tax authorities. The two agencies signed...
By CALLISTUS OFFOR, Abuja – The Nigerian Communications Commission (NCC), has engaged a broad spectrum of telecom consumers, operators and an array of other stakeholders on how best to curb data depletion in the country. NATIONAL ACCORD reports that event, which is the 91st edition of Telecom Consumer Parliament...
The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate increased to 21.91 per cent on a year-on-year basis in February 2023. This is according to the NBS Consumer Price Index (CPI) and Inflation Report for February 2023 released in Abuja on Wednesday. According to the report, the...
By OLA MUDOPE, Lagos – The Shell Petroleum Development Company of Nigeria Ltd., (SPDC), operator of the SPDC joint venture, says it has lifted the force majeure on Bonny export programme with effect from March 15, 2023. Mrs Bola Essien-Nelson, the Media Relations Manager of SPDC, confirmed this in...
The Nigerian Communications Commission (NCC), has called on Mobile Network Operators (MNOs), to transit from fossil fuel to renewable energy to reduce costs of telecom services. The Executive Vice-Chairman (EVC), Prof. Umar Danbatta, said on Wednesday at the 2023 World Consumer Rights Day (WCRD) in Abuja, that doing so...
An Ikeja Sexual offences and Domestic Violence Court on Wednesday,sentenced a man, Stephen Francis to life imprisonment for defiling an 11-year-old primary four pupil in his room. The News Agency of Nigeria (NAN) reports that, Justice Abiola Soladoye held that the prosecution had sufficiently proved the three essential ingredients...
By DAVID IORJA, Abuja – Vice President Yemi Osinbajo, SAN, today launched a $600 million programme for young Nigerians in the technology and creative sectors with a call on African governments and the private sector to do more to support the growth of innovation in the continent. The Vice...
Vice President Yemi Osinbajo says Nigeria’s technology ecosystem accounts for almost 30 per cent of Africa’s funded ventures with no fewer than 180 startups. Osinbajo said this at the Official Inauguration of the Investment in Digital and Creative Enterprises (iDICE) Programme and Unveiling of iDICE logo on Tuesday at...
By Barbara Kalu – The Nigerian Upstream Regulatory Commission (NUPRC), is planning a production-based lending engagement that will help them source needed capital to commence full field development towards hitting first oil. This initiative is in recognition of the funding challenges facing some of the awardees of the 2020...
A new World Bank report says accelerating the use of digital technologies is key to creating productive jobs and boosting economic growth in Africa. This is contained in a statement issued by the World Bank, a copy of which was obtained by the News Agency of Nigeria (NAN) in...
By JOY ADARA, Abuja – The Central Bank of Nigeria (CBN) has declared the old N200, N500 and N1000 banknotes remain legal tender alongside the redesigned banknotes till Dec. 31, 2023. The CBN Acting Director, Corporate Communications, Alhaji lsa AbdulMumin, who disclosed this in a statement issued on Monday,...
The Federal Government has taken over the recently-inaugurated Muhammadu Buhari International Cargo Airport, Damaturu, Gov. Mai Mala Buni of Yobe said on Monday. He said at the launch of a book titled: “Gov. Buni’s 1,500 projects” authored by Alhaji Mustapha Mohammed that the takeover followed a formal request by...
MTN Nigeria has teamed up with Amazon’s global streaming platform, Prime Video, to offer Prime Video Mobile Edition – a single-device, mobile-only subscription. MTN customers who subscribe will have access to Prime Video’s full catalogue of 9,000+ movies and 1,500+ TV shows, in standard definition with an affordable and dedicated data...
The Central Bank of Nigeria (CBN) has ordered commercial banks across Nigeria to start receiving old N200, N500 and N1000 notes. This was disclosed by Governor Chukwuma Soludo, the Anambra State Governor, via a post on his Facebook page on Monday. He noted that the CBN governor, Godwin Emefiele,...