By CALLISTUS OFFOR, Abuja Three companies, out of 81 companies that contested at the Nigerian Communication Commission’s inspired technology innovation talent hunt competition, shared the N30 million prize money equally. Nine other shortlisted companies went home with N500,000 consolation prizes each, according to NCC’s Director, Public Affairs, Dr Reuben...
BUSINESS
The European Union (EU) this week sought to entice African countries with “better choices” in infrastructure and energy transition projects, issuing an indirect dig at China’s Belt and Road Initiative, which has similar ambitions. The EU gathered leaders from more than 40 countries from across the world, seeking to...
The Minister of Power, Mr Adebayo Adelabu, has urged the Generating companies (GENCOs) and the Distribution companies (DISCOs), to improve on their performance in order to improve electricity. Mr Bolaji Tunji, Special Adviser, Strategic Communication and Media Relations to the Minister said this in a statement in Abuja...
Software giant, Microsoft owes at least 28.9 billion dollars in back taxes according to the U.S. Internal Revenue Service (IRS), the company revealed in a regulatory filing on Wednesday. However, Microsoft said it would appeal the decision. Microsoft disclosed in a regulatory filing that on Sept. 26,...
The Central Bank of Nigeria (CBN) Governor, Mr Yemi Cardoso, has said the economic policy proposals of President Bola Tinubu’administration can achieve a GDP of one trillion Naira in eight years. Cardoso made the declaration in Marrakesh, Western Morocco on Thursday on the side-line of the...
The Management of Dangote Sugar Refinery (DSR) says it has drilled no fewer than 50 boreholes across the five local government areas in the host communities as part of its corporate social responsibility. Mrs Ngozi Ngene, Head of Corporate Affairs of the refinery told newsmen in the...
Minister of State for Petroleum Resources, (Oil) Sen. Heineken Lokpobiri, has commended the Nigerian Content Development and Monitoring Board (NCDMB) for the ongoing Nigerian Oil and Gas Park Scheme (NOGAPS), at Emeyal, Ogbia Local Government Area of Bayelsa. He stated this during an inspection of NOGAPS Gas Hub at...
By MBAFAN ADE, Abuja – The Management of Dangote Cement Plc says it has not embarked on any sales promotion and adjusted its prices.dang Chief Branding and Communications Officer, Dangote Group, Anthony Chiejina, made the denial in a statement issued in Lokoja on Tuesday. Chiejina said that...
Nigeria’s Minister of Finance and Coordinating Minister for the economy, Mr Wale Edun, says after China and India, Nigeria is the largest economy that investors are running after. Edun said this in an interview with newsmen on Tuesday in Marrakech, Morocco, on the sidelines of the ongoing 2023...
The National Pension Commission (PenCom) says pension assets increased to N16.76 trillion within the half-year period (six months) that ended in June 2023. The Director-General of PenCom, Mrs Aisha Dahir-Umar, said this on Tuesday in Kano at the National Pension Commission/Nigeria Employers Consultative Association (NECA) Interactive Session...
The Association of Telecommunication Companies of Nigeria (ATCON) on Tuesday said that lack of sufficient infrastructure to drive new technologies could slow down rollout of 5G network. The President of ATCON, Mr Tony Izuagbe, told the News Agency of Nigeria (NAN) in Lagos that the 5G technology rollout...
The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh, has described the country’s maritime sector as one of the fastest growing on the African continent. Jamoh said this during the interactive session by the Senate Committee on Marine Transport with the Chief Executive...
The Central Bank of Nigeria (CBN), has assured Nigerians that its digital currency. eNaira posed no threat to financial stability. The Director, Corporate Communications Department of CBN, Dr Isa AbdulMumin said this on Monday in Marrakech, Morocco. AbdulMumin was reacting to a recent media report that raised concerns...
A Chinese consortium comprising China National Electric Engineering Company (CNEEC) and Sinohydro, made this known in a statement in Abuja. The consortium said that the project will make a significant contributions to Nigeria’s power generation capacity. The Zungeru hydropower project, the consortium said is proof...
An oil and gas expert, Dr Ayodele Oni, has advised the Federal Government to subsidise the cost of converting vehicles from petrol to Compressed Natural Gas (CNG) to encourage Nigerians to adopt the alternative fuel source. Oni gave the advice in an interview with the News Agency of...
Some moments resonate as profoundly remarkable in life, where dreams are born from humble beginnings and transformed into extraordinary realities. As I stood before 700 UBA graduate trainees, drawn from across Africa, I thought of the long journey that brought me to where I am today. A journey...
Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh, says the blue economy will offer 350 million jobs to Nigerian citizens if adequately harnessed. Jamoh, who was represented by the Acting Coordinator of NIMASA, Abuja Office, Hajia Rakiya Lamai, made this known during the NIMASA Special...
Vice President Kashim Shettima, has directed the Investment in Digital and Creative Enterprises (i-DICE) team to ensure that the programme commences before the end of November. Shettima gave the directive on Friday when the i-DICE team updated him on the progress made so far, at a meeting in...
The Country Manager of Zoho, a technology company, Mr Kehinde Ogundare on Friday described Nigeria as a market with very good potential for doing business in the world. Ogundare told the News Agency of Nigeria (NAN) in an interview on Friday that the Nigerian market could not be...