The Secretary of the Universal Service Provision Fund (USPF) of the Nigerian Communications Commission (NCC), Mr. Yomi Arowosafe, has commended the International Telecommunication Union (ITU) and the United Kingdom Foreign, Commonwealth & Development Office (UK FCDO), for their collaboration with Nigerian government to deepen rural connectivity for socio-economic development...
BUSINESS
Fidelity Bank Plc through its Get Alert in Millions Season Six (GAIM 6) promo, on Friday, presented cheque of N500, 000 each to two serving corps members in Akwa Ibom. The Divisional Head of Product Development, Fidelity Bank Plc, Mr Osita Ede, said the initiative is designed to reward...
By JOY ADARA, Abuja – The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy empowering entrepreneurs is set to announce the 11th cohort of the TEF Entrepreneurship Programme on Saturday, March 22, 2025. The 2025 announcement comes at a critical time, as Africa’s entrepreneurship ecosystem faces funding constraints and global...
A pro-democracy activist and lawyer, Osa Director, has sued MTN Nigeria Plc. In suit No. FHC/L/CS/1413/24 filed at the Federal High Court, Ikoyi, Lagos, the activist vide an originating summons is asking the court to dissolve the board of MTN. Without prejudice to the outcome of the case now...
By OLA MODUPE , Lagos – Renaissance Africa Energy has completed the “acquisition of the entire (100%)” equity holding in Shell Petroleum Development Company of Nigeria (SPDC). This is according to a statement on Thursday by The spokesman of Renaissance Africa Energy Holdings, Tony Okonedo, announced this in a...
Airtel Africa says it has launched a pioneering Artificial Intelligence (AI)-powered Spam Alert Service in Nigeria to combat the menace of spam messages and fraud. Airtel Nigeria’s Managing Director, Dinesh Balsingh said this at the launch of the Spam Alert Service in Lagos on Thursday. Balsingh said that Airtel...
Y JOY ADARA , Abuja- The Nigerian National Petroleum Company Limited (NNPC Ltd) has called on global investors to direct their attention to the Nigerian oil and gas sector as the nation is now an investors’ haven owing to the robust regulatory reforms and the investment-friendly policies of the...
Trading activities on the Nigerian Exchange Ltd. on Wednesday closed on a negative note as the market capitalisation declining further by N48 billion. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation fell by N48 billion or 0.07 per cent to close at N66.436 trillion from N66.484 trillion recorded on...
The stock market on Tuesday witnessed a downturn as performance indices declined by 0.43 per cent. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation fell by N285 billion or 0.43 per cent to N66.484 trillion from N66.769 trillion recorded on Monday Also, the All-Share Index dropped by 0.43 per...
By JOY ADARA, Abuja- The Nigerian National Petroleum Company Limited (NNPC Limited) has issued a statement to clarify recent reports regarding the alleged termination of its crude oil sales agreement with Dangote Refinery. Chief Corporate Communications Officer, NNPC Ltd., Olufemi Soneye, said in a statement on Monday that the...
The stock market opened the week positively, with investors gaining N52 billion and performance indices rising by 0.08 per cent on Monday. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation increased by 0.08 per cent to N66.769 trillion from an opening of N66.717 trillion recorded on Friday. The All-Share...
The House of Representatives has secured the commitment of seven major oil companies to pay the $37,435,094.52 (approximately ₦58 billion) owed the country before August. This is contained in a statement issued by the Spokesman of the House of Representatives, Rep. Akin Rotimi Jr., in Abuja on Monday. Rotimi...
The Nigerian Civil Aviation Authority (NCAA), has awarded the Air Operator’s Certificate (AOC) to business aviation firm, Falcon Aerospace Limited, doing business as VivaJets, amidst the firm’s rapid global expansion. An AOC allows an airline or charter operator to use an aircraft for commercial purposes. It is a crucial...
Telecom subscribers in Anambra, Ebonyi and Enugu States have rued the recent increase in telecommunication tariffs by the Federal Government noting that it was not commensurate with the services provided. The subscribers interviewed in a News Agency of Nigeria (NAN) survey on the impact of the tariff hike in...
Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading listed conglomerate has announced its financial results for the year ended December 31, 2024. Consistent with its results track record, the Group sustained its strong growth trajectory across its financial indicators, reinforcing its market leadership and strategic positioning. In its...
MTN Nigeria, a telecoms service provider, has launched its ‘Go Make A Difference’ (Go M.A.D) campaign in Ibadan, to inspire Nigerians to take action for community development. MTN Southwest’s Regional Manager for Customer Operations, Adebajo Onafowa, spoke at the event on Saturday. He emphasised that the aim was to...
The Nigerian stock market on Friday witnessed a downturn as performance indices declined by 0.23 per cent. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation fell by N151 billion or 0.23 per cent to N66.717 trillion from N66.868 trillion recorded on Thursday. Also, the All-Share Index dropped by 0.23...
By CHRISTIANA LOT, jos – Plateau State’s internally generated revenue (IGR) hit a record ₦31.14 billion in 2024, surpassing the ₦30 billion mark for the first time. The state government has now set an ambitious ₦52 billion target for 2025. The Executive Chairman of the Plateau State Internal Revenue...
The United Bank for Africa (UBA), on Wednesday, celebrated the graduation of 1,138 young professionals from its Graduate Management Accelerated Programme (GMAP). The News Agency of Nigeria (NAN) reports that the graduation ceremony for the class of 2025 GMAP held in Victoria Island, Lagos. The trainees, who underwent a...