The Organisation of the Petroleum Exporting Countries ( OPEC) has revised the 2021 world oil demand forecast downward to 5.7 million barrels per day. OPEC made this known in its Oil Market Report for November 2021 which was obtained by the News Agency of Nigeria ( NAN) on Thursday...
BUSINESS
The World Bank has demanded debt transparency as a crucial step in countries’ development process, while it estimates that external financing needs in Nigeria and other low income developing countries will reach $429bn between 2023 and 2025. It added that transparency would facilitate new investments, improve accountability, and help...
MFS Africa, Africa’s largest digital payments network has said it had raised US$100 million through an equity and debt financing round. MFS, in a statement on Wednesday, said that the fundraising marks another milestone in its Africa’s expansion, following a series of acquisitions and investments in other African fintechs,...
U.S. tech giant Google on Wednesday will know the outcome of an appeal against a massive EU competition fined for squeezing rival shopping services on its search engine at the bloc’s second highest court. After years of investigation, the EU executive branch, which acts as the bloc’s competition watchdog,...
By TENEBE ANTHONIA, Lagos – The Nigerian Exchange (NGX) Limited has said it remains committed to promoting and supporting gender equality as well as creating and maintaining an environment that is free from all forms of discrimination. The Chief Executive Officer, NGX, Temi Popoola, CFA stated this during the launch...
By OLA MUDOPE, Lagos – A staff of Arik Airline has been arrested for allegedly soliciting bribe from a passenger at the general aviation terminal in Lagos, The Federal Airports Authority of Nigeria (FAAN) has said. The General Manager, Corporate Affairs of FAAN, Mrs Henrietta Yakubu, confirmed this in...
Four astronauts returned to Earth Monday in a SpaceX craft after spending six months on the International Space Station, a NASA live broadcast showed, marking the end of a busy mission. The international crew conducted thousands of experiments in orbit and helped upgrade the solar panels on the ISS...
The Telecommunications and Technology Sustainability Working Group (TTSWG) – a multistakeholder network of corporate organisations committed to sustainability in the Telecoms and Technology sectors, in collaboration with public and private sector partners, has released a framework for engendering sustainability in the two sectors. This was contained in the group’s...
By MBAFAN ADE< Abuja – The Nigerian Communications Commission (NCC), has alerted telecom consumers and the general public that a new Android malware has been discovered. A statement on Tuesday by the Commission’s Director, Public Affairs, Dr. Ikechukwu Adinde, warned that the malware, named ‘AbstractEmu’, can gain access to...
By TENEBE ANTHONIA, Lagou – Jaiz Bank Plc, the Premier Non-Interest Bank in Nigeria has released its financial results for the third quarter ended 30 September 2021. The results as released to the Nigerian Exchange Group, showed a 54% growth in Profit Before Tax (PBT), from N2.1 billion in...
Federal Airport Authority of Nigeria (FAAN) on Friday in Abuja said that the Nnamdi Azikiwe International Airport (NAIA) recorded highest in domestic passengers traffic in the first half of 2021. Passengers Traffic Statistics Report from January to June made available by FAAN to News Agency of Nigeria (NAN) revealed...
The Apapa Area Command of the Nigerian Customs Service (NCS) said it collected a total of ₦86.02bn as revenue for the month of October, despite initial glitches that slowed its operations The Customs Area Controller (CAC), Comptroller Malanta Yusuf, gave the figure in a statement signed by Abubakar Usman,...
FMDQ Securities Exchange Ltd. has recorded a turnover of N24.03 trillion in the Fixed Income and Currency (FIC) markets in the month of September. This was stated in a monthly FIC report obtained by the News Agency of Nigeria (NAN) from FMDQ on Friday. The report showed that the...
The Minister of Science, Technology and Innovation, Dr Ogbonnaya Onu, on Thursday inaugurated the technical consultative committee of the strategy implementation task office for the presidential executive order no 5. The Presidential Executive Order 5, is a document, designed to place Nigerian professionals and manufacturers at the center of...
Today, stakeholders from the private and public sector including researchers are gathering in Abuja—Nigeria’s capital – for a national summit to discuss and seek ways to improve cassava seed system with a view to transforming the root crop into a cash cow for the nation. The national cassava seed...
The Nigerian Communications Commission (NCC) has awarded N20 million grant to four deserving Nigerian tech startups for their novel digital solutions aimed at curbing insecurity and advancing Internet of Things (IoT) frontier in Nigeria. The Executive Vice-Chairman, NCC, Prof. Umar Danbatta, disclosed this on Thursday in Abuja in his...
MTN Nigeria Communications Plc has announced the successful completion of the issuance of its N89.99 billion Series II 10-Year 12.75 per cent Fixed Rate Bonds due 2031. The company disclosed in a notice sent to the Nigerian Exchange (NGX) Limited on Thursday in Lagos. It said that the issuance...
By OlA MODUPE, Lagos – Digital Lab Africa (DLA) has showcased the work of the winners of its 5th Digital Lab Africa awards at the Fakugesi Digital Arts Festival in South Africa. Digital Lab Africa Programme Manager, Eduardo Cachucho, stated this in a statement made available to the newsmen...
By CALLISTUS OFFOR, Abuja – The Nigeria Communication Commission (NCC) has resolved to boost trust and confidence in Nigeria’s digital economy by ensuring strict adherence to sound cyber security culture and ethics with various stakeholders. The Executive Vice Chairman of NCC, Prof. Umar Danbatta, stated this on Wednesday in...
By TENEBE ANTHONIA, Lagos – Nigerian Exchange Limited (NGX) has hosted the sixth edition of its Market Data Workshop on Wednesday, 3 November 2021. This year’s event was held virtually in collaboration with Official Partners, Zenith Bank, Reliance Infosystems Limited, Infoware and MTN Nigeria; Gold Sponsor, CSCS Plc; and...