By DAVID IORJA, Abuja – President Muhammadu Buhari has declared that the National Agency for Science and Engineering Infrastructure (NASENI), would be a pivotal legacy his administration will bequeath to the next administration in 2023. Speaking Tuesday in Abuja during the commissioning of the President Muhammadu Buhari Technology and...
BUSINESS
By JOY ADARA, Abuja – The Debt Management Office (DMO) says the N100billion Federal Government Sukuk put on offer has recorded about 165 per cent oversubscription. The DMO said in a statement on Tuesday in Abuja, that the sovereign sukuk closed on a high note with 165 per cent...
The Nigeria-Morocco Gas Pipeline Project (NMGP) has attained another milestone following the signing of a Memorandum of Understanding (MoU) on the project by Nigeria, Morocco and five West African Countries. The Nigeria National Petroleum Company Limited (NNPC Ltd), Morocco’s ONHYM and the National Oil Companies and commercial entities of...
By PATRICK ABANG, Calabar – Commuters in Cross River State have expressed worry over the worsening insecurity along Calabar-Ikom Highway following an attack on the former Cross River SUBEB boss, Hon Omaga Odo along the Uyanga axis at the weekend. Park operators, mangers, drivers as well as commuters expressed...
Dr Akinwumi Adesina, the President, African Development Bank (AfDB) Group, says that Africans in the diaspora are critical to Africa’s economic development. Adesina said this at the Global Community of Practice (G-COP) policy dialogue being hosted by the bank in Abidjan, Côte d’Ivoire. The dialogue is tagged “Development without...
Mr Tunji Oyebanji, Managing Director 11 Plc, says the huge amount being spent on fuel subsidy by the Federal Government is preventing investments in critical areas of the economy and worsening the unemployment situation in the country. Oyebanji said this at the yearly programme of the Institute of Change...
By CALLISTUS OFFOR, Abuja – The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has said that diligent implementation of various telecommunications policies, strategies and regulatory frameworks has continued to enhance the nation’s capacity to deepen citizens’ access to digital resources, transform media and knowledge...
By CALLISTUS OFFOR, Abuja – The Nigerian Communications Commission’s Computer Security Incident Response Team (NCC-CSIRT) has warned that a new Phishing, Attacks Exploit Windows Zero-Day Vulnerability, can load a malicious QBot malware on the compromised device without triggering any Windows security alerts. In its advisory, NCC-CSIRT indicated that the...
Chevron Nigeria Limited, operator of the joint venture between the Nigerian National Petroleum Corporation Ltd., and Chevron has secured a $1.4bn financing to fund for infill drilling programme to run from 2022 to 2026. A statement by CNL’s General Manager Policy, Government and Public Affairs, Mr Esimaje Brikinn on...
Access Bank has unveiled the new W Branded Debit card specifically target at women. The News Agency of Nigeria (NAN) reports that the unveiling took place at the Grand Finale of “W’’ Initiative’s Womenpreneur Pitch-A-THON Season 4 in Lagos on Friday. Launched in 2019, the Womenpreneur Pitch-a-thon programme is...
One of the key things people majorly look out for before investing big in any business is the location. Although, not everyone gets this right. Many have suffered a huge loss because they had a business in a place where their kind of business was not in demand. The...
Vice-President Yemi Osinbajo, on Friday in Abuja inaugurated Omeife, Africa’s first humanoid to boost Artificial Intelligence (AI) and technological development in Nigeria and the continent. Osinbajo was represented by the Minister of Communications and Digital Economy, Prof. Isa Pantami, who in turn was represented by the Director-General, National Information...
The naira on Friday exchanged at 445.33 to the dollar at the Investors and Exporters window, an appreciation of 0.11 per cent, compared with the 445.83 it exchanged on Thursday. The open indicative rate closed at N444.75 to the dollar on Friday. An exchange rate of N447 to the...
Minister of Communications and Digital Economy, Prof. Ali Pantami said that the Federal Government has generated over 500 million dollars from the 5G Spectrum licence auction. He stated this at a news conference on the implication of unauthorised use and sale of private mobile radio, on Friday in Kano....
Chevron Nigeria Ltd. (CNL) says 1.4 billion dollars financing has been secured to fund the Nigerian National Petroleum Corporation (NNPC)/CNL Joint Venture (JV) infill drilling project from 2022 to 2026. CNL’s, General Manager, Policy, Government and Public Affairs, Mr Esimaje Brikinn made the disclosure in a statement on Friday....
By OLA MUDOPE, Lagos – Jumia Nigeria, an e-commerce platform, on Friday said it recorded gross revenue of 50.5 million dollars in the third quarter from the 47.6 million dollars reported in the preceding quarter. Mr Francis Dufay, Acting Chief Executive Officer, Jumia, in a statement in Lagos, said...
The Naira on Thursday exchanged at 445.83 to the dollar at the Investors and Exporters window, a depreciation of 0.12 per cent, compared with the 445.30 it exchanged on Wednesday. The open indicative rate closed at N444.60 to the dollar on Thursday. An exchange rate of N447 to the...
The National Economic Council (NEC) has resolved to update the draft Finance Bill with additional inputs from state governors before the bill goes to the Federal Executive Council (FEC). Senior Special Assistant to the President on Media and Publicity, Office of the Vice-President, Mr Laolu Akande, stated this on...
By CALLISTUS OFFOR, Abuja – A computer lab, constructed by Huawei Technologies and commissioned at the weekend to serve the community of Koguna Town of Makoda Local Government of Kano State, has been named “Prof. Umar Garba Danbatta Computer Lab”. Director, Public Relations of Huawei Nigeria, Lola Fafore, said...
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, says Nigeria is in good economic standing, and is not broke. Ahmed spoke at the 6th edition of President Muhammadu Buhari’s scorecard, tagged “PMB Scorecard 2015-2023”, organised by the Ministry of Information on Thursday in Abuja. She said...