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MTN launches 5G network
Telecommunications

MTN to launch 5G network August 24

MTN Nigeria has announced that it will launch its 5G network by Aug. 24 in line with the directives of the Nigerian Communications Commission. The telecom giant made this known in Lagos on Thursday during the 90th edition of the telecom consumer parliament organised by the NCC. The NCC had in May handed over the […]

IATA welcomes CBN's release of $265m to airlines
Aviation

5G networks may meddle with aircraft landing – IATA

As the Nigerian Communications Commission and telecoms giants prepare for the launch of the 5G spectrum in August, the International Air Transport Association has warned that there may be disruptions to aircraft landing. IATA urged the Federal Government of Nigeria and the governments of other countries to work closely with the aviation industry to ensure […]

New naira: Beware of currency hoarders, EFCC warns BDC operators
Banking

Three ex-bankers connive to defraud bank N20bn

Three former workers of First Bank of Nigeria have been arraigned before a Lagos State Special Offences Court, Ikeja over attempted fraud charges. The Economic and Financial Crimes Commission arraigned the culprits, Ozioma Ugorji, 35; Ugwu Emeka, 32; and Obike Chukwuka, 38, for allegedly attempting to steal N20bn from the bank. PUNCH Metro reported that the […]

Boris Johnson
News

UK appoints new trade commissioner to Africa

The United Kingdom has announced the appointment of Mr John Humphrey as the new Trade Commissioner to lead the UK-Africa trade and investment relationship. According to NAN, the British High Commission in Nigeria made this known via a statement on Thursday. It stated that the new Trade Commissioner for Africa would be responsible for the […]

Energy

End NNPC’s monopoly, oil marketers tell FG

Amid the lingering fuel scarcity rocking the country, oil marketers have urged the Federal Government to put an end to the monopolistic privilege enjoyed by the Nigerian National Petroleum Corporation. The marketers under the auspices of the Major Oil Marketers Association of Nigeria said this during a briefing with newsmen said as part of permanent […]

Flood: Gas scarcity looms as NLNG stops operations
News

Cooking gas, Kerosene prices rise 88% in one year – NBS

The prices of kerosene and Liquefied Petroleum Gas also known as cooking gas jumped up by 88 per cent price in one year. The National Bureau of Statistics, in a recent report, said that the average retail price per litre of household kerosene paid by consumers in May 2022 increased by 15.21 per cent on […]

NCC, Telecom operators urge states to review policies for broadband expansion
Telecommunications

NIN: Telcos recover 16 million subscribers

Mobile network operators have recovered 16.94 million active subscribers lost to the National Identification Number and Subscriber Identity Module policy. According to data from the Nigerian Communications Commission, the recovery has been within the last 11 months. The data revealed that active telecom subscribers grew from 187.28 million in June 2021 to 204.22 million in […]

Dapo Abiodun
News

Ogun pensioners threaten showdown over 10-year gratuities

Pensioners in Ogun State have threatened a mega protest over the failure of the state governor, Dapo Abiodun, to offset their outstanding gratuities of almost ten years, among others. The aggrieved pensioners under the aegis of the Nigeria Union of Pensioners, Ogun State Chapter, also issued a 14-day ultimatum to the state governor to meet their […]

Nigerians bought petrol N191.65 per litre September- NBS
News

Nigeria can generate $200bn annually from non-oil revenue -Analyst

A financial analyst and Managing Director of Taurus Capital, Nnaemeka Obiaraeri, said Nigeria can service its debts and also generate $200 billion in annual revenue from non-oil proceeds. Obiaraeri said this when he was featured on Television Continental on Wednesday. He said, “Nigeria is broke, inevitably. Very very broke. If you look at the numbers. […]

Tweeps knock FG as fuel scarcity leaves commuters stranded
Economy

Fuel queues enter third day in Lagos, Ogun

Fuel queues have reached its third day in Lagos, Ogun, and other parts of the country. The situation has made the black market trade boom with a litre of petrol sold for as high as N300. Speaking on the petrol scarcity rocking major cities in the country, the Deputy National President, Independent Petroleum Marketers Association […]

IATA welcomes CBN's release of $265m to airlines
Aviation

Ukraine: Nigerian airlines, others to lose $700m, says IATA

The International Air Transport Association has said that Nigerian airlines and others across Africa will lose $700 million in 2022 due to a combination of the Russia-Ukraine war and COVID-19. This was disclosed at the ongoing 78th IATA Annual General Meeting and World Air Transport Summit in Doha, Qatar. IATA said that inflation, interest and […]

Maritime

TinCan port reflects decades of neglect, says FG

The Nigerian Government has lamented the poor state of the TinCan Island seaport, concluding that it has shown decades of neglect. The Minister of State for Transportation, Gbemisola Saraki,  made this known after carrying out a ministerial tour of the Lagos ports on Monday. Accrording to The PUNCH, Saraki also called on the need for […]

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