57 investors get oil field licences Tuesday –FG
Successful investors in Nigeria’s 57 marginal oil fields of the 2022 bid round would get their various Petroleum Prospecting Licences on Tuesday, the Federal Government has said. On May 31,…
Buhari approves N41.6bn for presidential power programme
The President, Major General Muhammadu Buhari (retd.), has approved and released $100m as a take-up grant for the Presidential Power Initiative. It was also learnt that the $100m (N41.6bn at…
eNaira may drop remitting cost to Nigeria —IMF
Washington-based lender, the International Monetary Fund, has disclosed that central bank digital currencies could drop the cost of sending and receiving the money to Nigeria and other Sub-Saharan African countries.…
China boosts ties with Nigeria, unveils new trade association
In a bid to strengthen the Nigeria-China relationship, the Counsel General of the People's Republic of China, Chu Maoming inaugurates Nigeria Anhui Entrepreneurs. According to ThisDay, the association was inaugurated…
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…
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…
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…
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…
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.…
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…
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…
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…
