Ericsson, a Swedish multinational telecommunications company predicted that the 5G would reach 4.4 billion by 2027 globally. Ericsson made this known in the latest edition of its mobility report released on Tuesday. It also predicted that with current global trends, 5G subscription would pass the one billion milestone by...
BUSINESS
The International Air Transport Association (IATA) says Nigeria is holding back about $450 million in revenue earned by foreign airlines operating in the country. Vice President for Africa and the Middle East, IATA, Kamil Al Awadhi, made the remark on Sunday at the opening of its 78th annual general...
The activities of the Nigerian National Petroleum Company Limited (NNPC Ltd.) for the new week started with a cheering news that the company would begin operation on July 1 as a limited liability company. The operation as a limited liability company is under the Companies and Allied Matters Act...
In furtherance of the need to empower female business owners across the country, The ELOY Foundation, in partnership with FirstBank presents the ELOY Foundation Business Shower, created to support female entrepreneurs on their journey to building sustainable businesses. The support from FirstBank will be carried out through the FirstGem...
The Nigerian Communications Commission (NCC) has tasked telecommunications consumers on the need to protect its infrastructure in the country. The Commission said the consumers had a major role to play in complementing efforts being put in place by the Commission to curb such menace. The NCC gave the advice...
Meta, the parent company for WhatsApp, Facebook and Instagram, on Monday said it had launched a digital non-profit training programme for 1,500 NGO personnel across Anglophone West Africa. Meta, in a statement, said the digital capacity building programme was aimed at supporting the non-profit and social impact sector across...
Investors lost the sum of N767bn at the end of trading on the floor of the Nigerian Exchange Limited last week. The market opened for four trading days last week as the Federal Government declared Monday as a public holiday to commemorate the 2022 Democracy Day celebration. The NGX...
The National Bureau of Statistics (NBS) says the average price of refilling a 5kg cylinder of Liquefied Petroleum Gas (Cooking Gas) increased to N3,921.35 in May 2022. This is contained in the NBS Liquefied Petroleum Gas (Cooking Gas) Price Watch for May 2022 released in Abuja on Sunday. The...
Bitcoin plunged below $20,000 on Saturday, shedding nine percent from the previous day to fall to $18,740, its lowest level since December 13, 2020. With investors increasingly wary of risk, the world’s most popular crypto asset has lost more than 72 percent of its value since reaching a high...
The Nigerian Communications Commission (NCC) has finally signed a Public Private Partnership (PPP) agreement with its consultant, 3R Company Nigeria Limited, for the execution of the Revenue Assurance Solutions (RAS) to strengthen and manage the integrity of revenue generation process in the Nigerian telecommunications industry. A statement issued on...
The National Bureau of Statistics (NBS) says that on the aggregate, Value Added Tax (VAT) collection stood at N588.59 billion in the first quarter of 2022. It stated on Friday in Abuja that the collections recorded a growth of 4.41 per cent on a quarter-on-quarter basis from the N563.72...
Mr Uche Odigbo, General Manager, Samon Petroleum Limited, Calabar Depot, on Friday said that Nigeria’s poor refining capacity is affecting the price and availability of diesel in the nation. Odigbo said this in an interview with the News Agency of Nigeria (NAN) in Calabar, while reacting to the high...
African Export Import Bank (Afreximbank) has announced the disbursement of a US$150 million finance facility to First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider. The funding was provided under Afreximbank’s Pandemic Trade Impact Mitigation Facility (PATIMFA). Afreximbank’s US$150 million financial support will be accessible...
Prof. Benedict Oramah, President and Chairman of the Board of Directors, African Export-Import Bank (Afreximbank) says “Africa’s problems are for Africans to solve.” A statement signed by Amadou Sall, Afreximbank’s media contact on Thursday, said Oramah spoke at the start of the 29th Afreximbank Annual Meetings (AAM2022) in Cairo....
In the face of rising demand for foreign exchange for goods, services, and other needs, the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele says monetary policy alone cannot wholly address the country’s foreign exchange challenges. Mr. Emefiele disclosed this in a keynote to the maiden bi-annual Non-Oil...
Peter Obi, the presidential candidate of Labour Party has arrived Egypt to understudy some of their sectors and not to attend the Annual General Meeting of a multinational company as being speculated. M. Obi’s media aide, Valentine Obienyem, who disclosed this in a Facebook post on Thursday, shared photos...
By SADIQ ABUBAKAR, Maiduguri – Borno State Governor, Babagana Zulum has began the presentation of mini buses to private individuals and corporate organisations to enhance entrepreneurial development and empowerment in the state. The mini buses are to be converted into an electric/solar powered vehicle with full support of the...
Dangote Sugar Refinery Plc has declared a turnover of N276 billion for the financial year ended Dec. 31, 2021, translating to a 29 per cent increase against the N214 billion recorded in 2020. Its Chairman, Mr Aliko Dangote, said this at the company’s 16th Annual General Meeting (AGM) on...
Minister of Aviation Hadi Sirika on Tuesday in Abuja advised relevant stakeholders to invest at various airports across the country. Sirika made the call in a goodwill message at the maiden edition of FAAN National Aviation Conference (FNAC) with the theme: “Advancing the Frontiers of Possibilities for Safe, Secure...
9mobile, a telecommunications company, on Tuesday said it has launched a fully embedded safety application ‘9mobile Safety App’ for smartphone users to improve security. The Head of Products and Digital Services at 9mobile, Mr Aminu Sani, in a statement said that the 9mobile Safety App was launched due to...