The Association of Licensed Telecoms Operators of Nigeria has said there are not up to nine million unregistered mobile telephone SIM cards in the country, as claimed by the Communications Minister, Dr Isa Pantami. Pantami on Friday directed the Nigerian Communications Commission to immediately compel the telecom service providers to block ‘over nine million’ unregistered […]
After several months of producing above the quota given by the Organisation of Petroleum Exporting Countries, Nigeria agreed on Thursday to reduce its oil output as the group strives to prevent a glut amid soaring United States’ production and a slowing global economy. The oil cartel had said on Wednesday in its Monthly Oil Market […]
By Foster Obi An ex-Army General armed with a pistol and a machete, yesterday afternoon, threatened employees of Ikeja Electric (IE), who visited his residence on Fatai Animashaun Street, Magodo, in the course of their routine duty. A statement issued by the company said that the victims who are members of the Revenue Protection Team […]
Oil prices fell Thursday after a meeting of the Organisation of Petroleum Exporting Countries (OPEC) and its allies took no decision on deepening supply cuts but focused instead on bringing Nigerian and Iraqi output down to their agreed quotas. OPEC agreed thursday to trim oil output by asking over-producing members – Iraq and Nigeria to […]
An estimated 9.2 million mobile telephone lines (SIM cards) in Nigeria are not properly registered in accordance with the standard procedure. Nigerian telecommunications regulator, National Communications Commission (NCC) reportedly disclosed this in a report sent to the Communications minister, Isa Pantami.The spokesperson of the minister, Uwa Suleiman, in a statement Thursday evening in Abuja, said […]
Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations, said they released an average of 3,633 megawatts of electricity into the national grid on Wednesday. The figure as contained in a daily energy report compiled by the Advisory Power Team, Office of the Vice President, was made available to the News Agency of Nigeria (NAN) […]
Jack Ma, who founded Alibaba Group, the world’s biggest e-commerce company, is stepping down as chairman at a time when the rapidly changing industry faces uncertainty amid a US-Chinese trade war. Ma stepped down Tuesday as part of a succession announced a year earlier. He will stay on as a member of the Alibaba Partnership, […]
Iraq’s and Nigeria’s oil ministers pledged on Thursday to reduce oil output to comply with their OPEC output targets. An OPEC+ statement said it was important for all countries to reach full conformity with cuts. It also said OECD oil stocks remained above the 5-year average. Market monitoring will continue ahead of the next OPEC […]
The National Emergency Management Agency on Thursday morning received another batch of 158 Nigerians from Libya. Alhaji Idris Muhammed, the Head of NEMA Territorial Office in Lagos, told newsmen that the agency received the returnees on behalf of the Federal Government. The News Agency of Nigeria reports that these returnees from Libya arrived in the […]