The Nigerian Meteorological Agency (NiMet), has predicted sunny and partly cloudy skies over most parts of the country with chances of scattered thunderstorms over the southern part on Friday. NiMet’s Weather Outlook on Thursday, in Abuja, predicted partly cloudy with sunny conditions over the Central cities throughout the forecast period. It added that the region […]
Nigeria’s central bank (CBN) kept its main interest rate at 14 percent on Thursday, its governor Godwin Emefiele said. The rate has been at the record high level of 14 percent since July 2016. Analysts polled by Reuters predicted that the bank would hold interest rates at 14 percent and continue to do so through […]
Nigeria’s central bank is on the verge of an agreement over a $8.1 billion dispute with South African telecoms firm MTN, its governor Godwin Emefiele said on Thursday, declining to provide further details. In August, the central bank ordered MTN and its banks to bring $8.134 billion back into Nigeria, sending the company’s shares plummeting. […]
With Nigeria’s financial system increasingly reliant on fintech platforms, the country’s central bank is proposing a new licensing regime for players in the fast-growing sector. In a draft policy document, the CBA says that the emergence of fintech firms “accentuates the known risks within the financial system”. In response, the central bank is prepping a […]
The organised labour on Wednesday said it would demand for two years arrears payment of the proposed new national minimum wage for Nigerian workers from the federal and state governments. Ayuba Wabba, President of the Nigeria Labour Congress (NLC) said this when Rosa Pavanelli, General Secretary, Public Service International (PSI), visited him in his office […]
T-Mobile US, Inc. TMUS recently inched a step closer to building a nationwide 5G network with the successful completion of the world’s first 5G data transmission on low-band spectrum (600 MHz). The company achieved this unique feat in association with Nokia Corporation NOK using global 5G standards in Spokane, WA. The low-band airwaves offer a […]
Nigeria’s Super Falcons beat the Shepolopolo of Zambia 4-0 on Wednesday at Cape Coast in Ghana to return to contention at the 11th African Women Cup of Nations (AWCON). The defending champions, who lost their opening match on Sunday, bounced back into contention with an emphatic win which sent them to the top of the […]
Oil prices rose almost $2 a barrel on Wednesday, bouncing from the lowest levels in months, after U.S. government data showed strong demand for refined fuel, but concerns remained over rising global crude supply. Brent crude LCOc1 futures gained $1.55 to $64.08 a barrel, a 2.5 percent gain, by 1:12 p.m. EST (1812 GMT). U.S. […]
iTEC, a premium consumer electronic brand has unveiled its revolutionary range of TV sets known as the iTEC Smart Television Series, with the products available for purchase in Nigeria exclusively to e-Commerce giants Konga for the first 30 days before being opened to other channels. Distributed by Sub-Saharan Africa’s foremost distribution company, Technology Distributions Ltd., […]
The Nigerian power sector said it lost approximately N1.287 billion on Saturday due to insufficient gas supply, distribution and transmission infrastructure. On the same day, average energy sent out was 4,157 megawatts/hour, which was down by 89.19MW from the previous day. This was contained in the Nigerian power sector daily data obtained by our correspondent […]