French outdoor advertising company JCDecaux plans to provide real-time traffic information in Lagos and install solar-powered bus shelters and automatic public toilets as it targets one of Africa’s largest economies. JCDecaux said it had entered Nigeria in partnership with private Lagos-based investment and advisory firm Grace Lake, targeting a highly fragmented outdoor advertising market estimated […]
By Foster Obi The Federal Airports Authority of Nigeria (FAAN) has said that due to the ongoing construction works at the Murtala Muhammed International Airport, Lagos, aimed at enhancing facilitation and improving travel experience of customers, vehicular movements on the arrival floor will be redirected effective 0800hours on Monday November 26, 2018. A statement signed […]
Oil prices dipped on Thursday after U.S. inventories swelled to their highest level since December adding to concerns about a global crude glut but OPEC talk of an output cut limited losses. Benchmark Brent fell 96 cents last trading at $62.52 a barrel at 1840 GMT, edging back from a more than $1 drop in […]
Zenith International Bank dominated trading activities on the Nigerian Stock Exchange (NSE) accounting for 90.04 per cent of the total volume of shares traded. The News Agency of Nigeria (NAN) reports that the bank accounted for 605.54 million shares worth N14.53 billion. It was trailed by Transcorp with a turnover of 9.34 million shares valued […]
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 […]