Some 214,952 candidates cheated in the May-June West African Senior School Certificate Examination (WASSCE) and their results have been seized by the authorities. Mr. Olu Adenipekun, Head of National Office of the West African Examination Council, WAEC, announced this in Lagos as he also announced the cheering news of a seven percent improvement in the […]
Minister of Communications, Adebayo Shittu, has received the report on the proposed ICT university and pledged to study it and ensure speedy implementation of the recommendations. The report was submitted by the 31- member committee charged to draw up modalities for the establishment of the ICT University in Abuja. The minister said that in about […]
The Central Bank of Nigeria (CBN), in continuation of its foreign exchange supply drive, on Monday intervened in the inter-bank Foreign Exchange Market to the tune of $195 million. Figures released by the apex bank show that it offered $100 million to the wholesale segment, while the Small and Medium Enterprises (SMEs) segment received $50 […]
Director-General of Energy Commission of Nigeria (ECN), Professor Jidere Bala, has advised investors in power sector to maintain good relationship with consumers through low but cost reflective tariff regime. Bala told the News Agency of Nigeria (NAN) in Lagos that electricity was a service and consumers must have good relationship with the suppliers. The Director-General […]
Olu Akanmu, Executive Director, Retail Banking at First City Monument Bank, and Oare Ojekere, Group Chief Marketing Officer, Dangote Plc, will lead discussions at this year’s Experiential Marketers Association of Nigeria’s (EXMAN) Business Conference. Scheduled to hold Friday, July 28 at The Civic Centre, Victoria Island, Lagos, the event is aimed at providing a platform […]
The Federal Government recorded N397 billion deficit in May due to slowdown in economic activities, which occasioned 48 per cent shortfall in federally collected revenue for the month. The Central Bank of Nigeria, CBN, disclosed this in its economic report for May released weekend. The report, among other things, revealed that federally collected revenue for […]
Nigerian maritime stakeholders are uncomfortable with the estimated $6.16 billion paid by importers to foreign shipping companies as freight charges annually. They are also miffed by the fact that over 20,000 local and offshores have been lost in the last few years following the Federal Government inability to float a viable national carrier. According to […]
A major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with a catastrophic natural disaster such as U.S. Superstorm Sandy in 2012, Lloyd’s of London said in a report on Monday. The report, co-written with risk-modeling firm Cyence, examined potential economic losses from the hypothetical hacking […]
The federal government has said tax offenders stands to enjoy 29 per cent waiver on overdue taxes if they take advantage of the recently-launched Voluntary Asset and Income Declaration Scheme (VAIDS). Mr. Abiodun Aina, Special Adviser to the Chairman, Federal Inland Revenue Service (FIRS), made this known in an interview with the News Agency of […]
DAAR Communications Plc, has declared an operating loss of N2.139 billion in 2016, up from N1.515 billion in 2015. The Chairman of DAAR Group, Chief Raymond Dokpesi (Jr.) told shareholders at the weekend in Abuja at a combined 2015/2016 annual general meeting that the economic recession in the country pushed the company’s operating loss from […]