The Chief Executive Officer and President of MTN Group, Mr Ralph Mupita, says 5G is important for Africa’s economic growth and development. Mupita said this in a statement made available to the News Agency of Nigeria (NAN) on Tuesday in Lagos. “It is important that we emphasise how using...
BUSINESS
By OLA MUDOPE, Lagos – An Information Technology firm, Amazon Web Services, Inc. (AWS) has opened its first office in Lagos, Nigeria. The firm’s Regional Manager, Sub-Saharan Africa, Ms Amrote Abdella, who disclosed this in a statement on Tuesday, said the office was to reinforce its commitment to Africa....
Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) barricaded the “Terminal 2’’ building of the Murtala Muhammed Airport, Lagos on Tuesday to the chagrin of air travellers. The association’s action grounded flight operations and left air travellers stranded. The union barricaded the terminal building to deny access in...
The Bureau of Public Procurement (BPP) has called for a review of standard bidding procurement to improve budget implementation and national development. Mr Mamman Ahmadu, the Director-General of BPP, made this appeal at a two-day stakeholders workshop organised by the agency in Port Harcourt. Ahmadu said that the stakeholder’s...
Chief Executive Officer, Uganda Airlines, Jenifer Bamuturaki, says the airline will begin flights to Nigeria in December. Bamuturaki disclosed this on Monday during the 18th AKWAABA Africa Travel and Tourism Market held in Lagos. According to her, flights to Lagos will begin before the end of December while flights...
By CALLISTUS OFFOR, Abuja – The Nigerian Communications Commission (NCC) has reaffirmed its commitment to collaborating with other government agencies towards supporting Federal Government’s anti-corruption campaigns. The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of NCC, Prof. Umar Danbatta, stated this while hosting a delegation from the Public...
The Organisation of Petroleum Exporting Countries (OPEC) on Monday inaugurated its 2022 World Oil Outlook (WOO). The WOO was inaugurated at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2022 in the United Arab Emirates (UAE). ADIPEC is the global energy industry’s most influential meeting place which convenes...
The House of Representatives ad hoc committee investigating the structure and accountability of the Joint Venture (JV) businesses and production sharing contracts (PSCS) of the Nigerian Petroleum Corporation (NNPC) has accused oil companies of tax evasion. Rep. Abubakar Fulata, the Chairman of the committee said this in Abuja on...
The United Arab Emirates’ energy minister said on Monday that OPEC+ is keen on providing the world with the oil supply it needs. He said that the alliance of top producers would always be in a position to balance markets. OPEC+, which groups the producer bloc with allies including...
The Bureau of Public Enterprises (BPE) says the compulsory contribution to the Treasury Single Account (TSA) is preventing it from paying N1.8 billion severance packages to the ex-staff of the Skypower Aviation Handling Company Limited (SAHCOL) since 2018. The bureau’s Director for Post Transaction Management, Mr Tajudeen Oduniyi, made...
By CALLISTUS OFFOR, Abuja – The Gambian Minister of Communications and Digital Economy, Ousman Bah, at the weekend in Abuja, said Nigeria’s giant strides in telecom regulation are the reason that the nation’s telecoms development has become a reference point. Bah, who led a Gambian delegation, including industry regulators...
Dangote Sugar Refinery Plc has announced a Profit Before Tax (PBT) of N36.27 billion for a duration of nine months ended Sept. 30, 2022. Mr Ravindra Singhvi,Group Managing Director, Dangote Sugar Refinery Plc, made this known in a statement on Sunday in Lagos. He said that the company’s PBT...
The Central Bank of Nigeria (CBN) says it followed due process in its decision to redesign some denominations of the naira, adding that the exercise was 12 years overdue. The apex bank made this known via its verified twitter account on Saturday, urging Nigerians to support the measure as...
The Nigerian Communication Commission (NCC) has reassured the public that the new Fifth Generation network popularly known as 5G has no negative health effects. The Enugu Zonal Controller of the NCC, Mr Ogbonnaya Ugama, made the clarification in Enugu on Saturday at a round table with members of the...
By OLA MUDOPE, Lagos – All On, through its venture-building platform the All On Hub, in partnership with the Nigeria Climate Innovation Centre (NCIC) is pleased to announce the winners of the 2022 edition of the annual incubation program for early-stage renewable energy entrepreneurs. They are: Retile, Let It...
By OLA MODUPE, Lagos – A technology enthusiast, Mrs Roseline Ilori, has reiterated the need for government at all levels as well as stakeholders in investing massively in technology; not just software development, but in robotics, artificial intelligence, bio-medicine, voice biometrics and a host of other technology spectra. Ilori,...
SHELTER which is housing is an indicator of being successful in Nigeria whether built or rented. However, a built one with your money is the height of success that appeals to people’s mentality. The shelter cannot be brushed aside as it is part of how we survive. As such,...
The National Bureau of Statistics (NBS), said that prices of selected food items increased in September. This is according to the NBS Selected Food Prices Watch Report for September 2022 released in Abuja on Friday. The report said that the average price of 1kg of Tomato on a year-on-year...
The Nigerian Exchange Ltd. (NGX) declined further on Friday as market capitalisation depreciated by N388 billion or 1.6 per cent to close at N23.918 trillion from N24.306 trillion on Thursday. Also, the All-Share Index (ASI) fell by 712.54 points or 1.6 per cent to 43,912.64 from 44,625.18 recorded at...
The Naira on Friday exchanged at N444.75 to the dollar at the Investors and Exporters window, a depreciation of 0.06 per cent, compared with N444.50 to the dollar it exchanged on Thursday. The open indicative rate closed at N443 to the dollar on Friday. An exchange rate of N447...