The number of internet users in Nigeria’s telecommunications networks has increased to 91.6 million in June, the Nigerian Communications Commission (NCC) has said. The NCC made this disclosure in its Monthly Internet Subscribers Data for June 2017 published on its website on Wednesday in Abuja. According to the data, internet users increased to 91,598,757 in […]
The Monetary Policy Committee (MPC) has again retained the Monetary Policy Rate (MPR) at 14 per cent due to uncertainties in the global market. Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN), said this while briefing newsmen on the outcome of the 257th meeting of the MPC on Tuesday in Abuja. “MPC decided to […]
The Federal Government is set to create an ICT databank that will aid research and innovation in the country, the Minister of Science and Technology, Dr. Ogbonnaya Onu, has said. Dr. Onu saidthis in Abuja Tuesday at the opening ceremony of the fourth International Workshop on Application of ICT in Education, Healthcare and Agriculture. The […]
Hyundai Motor’s bleak results stretched into a 14th straight quarter as political headwinds continued to drag down sales in China, its biggest market, and higher incentives failed to boost business in the United States. The South Korean firm – which together with affiliate Kia Motors is the world’s No.5 automaker together – has been betting […]
The federal, state and local governments have shared a total of N652 billion in July, the Accountant General of the Federation, Mr Ahmed Idris said on Tuesday. He said this in Abuja, after chairing the monthly meeting of Federal Accounts Allocation Committee (FAAC). He added that the figure comprised of both mineral and non-mineral revenue. […]
Despite Nigeria’s inflation rate of 16.10 per cent in June, 2017, the International Monetary Fund (IMF) has projected that Nigeria’s economy will grow faster than South African economy in the 2018 fiscal year. According to its World Economic Outlook (WEO) for July 2017, the IMF said that Nigeria will grow at 1.9 per cent in […]
Alphabet Inc reported a 21 percent jump in quarterly revenue on Monday, maintaining a growth rate that is rarely seen among companies its size and suggesting the big sales gains enjoyed recently by the other Internet firms are not done yet. Alphabet, the owner of Google and YouTube, said it made $3.5 billion in net […]
WebMD, the leading health care information source on the Internet, announced Monday it would be sold to private equity firm KKR for $2.8 billion. Once the deal is approved by regulators, the publically traded company will go private. WebMD was bought by the KKR-controlled company Internet Brands that owns a portfolio of content websites ranging […]
The Naira on Monday regained strength against the US dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency gained one point to exchange at N365 to the dollar at the parallel market, stronger than N366 posted on Friday, while the Pound Sterling and the Euro traded at N475 and […]
The Nigerian Export and Promotion Council (NEPC), has proposed to the Federal Government the approval of five billion naira to support industries in the country. Mr Olusegun Awolowo, the NEPC Executive Director made this disclosure on Monday during an inspection visit to some industries in Kano. “One of our major aims for this visit is […]