The Minister of Communications and Digital Economy, Dr Isa Pantami, has said the Federal Government plans to replace Bank Verification Numbers with the National Identity Numbers. The minister said this while briefing newsmen after a facility tour and inspection of the ongoing NIN enrolment exercise at NIMC and other designated centres in Abuja. He said […]
The Nigerian Communications Commission says mobile operators will henceforth pay a porting transaction fee of N450 on each subscriber than they receive from another network. In a document titled ‘Nigeria Mobile Number Portability: Business rules and port order processes’, released on Monday, the commission added that the fee might vary from time to time at […]
The International Monetary Fund (IMF) has advised Nigeria to establish a unified exchange rate regime with a near-term focus on allowing for greater flexibility and removal of payments backlog. The Fund also called for continued reforms aimed at promoting economic diversification and reducing dependence on oil and increasing employment. IMF, in a press statement issued […]
Following the move to reopen the Lekki Tollgate, many Nigerians mostly youths, have taken to social media threatening to stage another protest. Youth representatives at the Lagos State Judicial Panel of Inquiry on Saturday had opposed the reopening of the Lekki toll gate arguing that reopening the toll-gate at this time would be hasty and […]
Trading in Cryptocurrencies is not backed by the Central Bank of Nigeria (CBN) Act which recognizes the naira as the only legal tender in the Nigerian financial system, an analyst has said. The CBN had on Friday, directed Deposit Money Banks (DMBs), Other Financial Institutions (OFIs) and Non-Bank Financial Institutions (NBFIs) local financial institutions to […]
The Minister of Transportation, Rotimi Amaechi on Sunday said the Kano-Maradi (Niger Republic) rail project will cost the Nigerian government $1.9bn. “The project is going to cost us $1.9bn and we will source it from mostly Europe,” the Minister said on Channels Television’s Sunday Politics. Amaechi who is a former Governor of Rivers State, noted, […]
Nobel Laureate, Prof. Wole Soyinka, has urged the President, Major General Muhammadu Buhari (retd.), to address Nigerians and make it known publicly that he does not support the criminal activities of some herdsmen in parts of the country. Soyinka spoke in an interview with BBC News Pidgin monitored by The PUNCH. He warned against another […]
The Imo State Police have confirmed the gruesome murder of a 64-year-old man, Barrister Ndieonyema Nwankwo who was the former Chairman of the Nigerian Bar Association (NBA), Owerri branch. A statement signed by the Imo State Police Public Relations Officer Orlando Ikeokwu, on Sunday, explained that when the command received the report of the murder, […]
Nigeria is set to receive the largest allocation of 16million doses out of the 88million AstraZeneca/Oxford vaccine doses allocated to African countries in the first phase by the end of February instead of the initial 100,000 Pfizer doses earlier expected, the World Health Organisation (WHO) hinted yesterday. WHO country representative in Nigeria, Dr Walter Kazadi […]
The Federal Government has lifted the ban it earlier placed on Emirates Airlines. This is coming after the United Arab Emirates granted the carrier permission to withdraw the Rapid Antigen Testing done prior to the departure of Emirates flights from Nigeria, according to a letter by the Nigerian Civil Aviation Authority. Due to the development, […]