Telecommunications regulatory authority (NCC), is yet to be communicated on Etisalat brand name change. NCC, yesterday, said it was not aware of the change of name by Etisalat because the telco had yet to officially inform the regulator about it. “We have not received any official communication from Etisalat on change of name. We take […]
The Nigerian economy is gradually coming out of recession, with the annual inflation falling in June for the fifth straight month, the National Bureau of Statistics (NBS) said Monday. The bureau said inflation, measured by the Consumer Price Index (CPI), fell to 16.10 per cent, lower than 16.25 per cent rate recorded in May. “The […]
The Nigerian Insurers Association (NIA) has recorded a whooping N160.47 million as proceeds from the data uploads in 2016. According to the association’s 2016 financial report, the balance in the account of the NIID as at the beginning of last year was N62.12 million, and N225,000 was received while N1.23 million stood as interest accrued […]
Minister of Communications, Adebayo Shittu, has received the report on the proposed ICT university and pledged to study it and ensure speedy implementation of the recommendations. The report was submitted by the 31- member committee charged to draw up modalities for the establishment of the ICT University in Abuja. The minister said that in about […]
The Central Bank of Nigeria (CBN), in continuation of its foreign exchange supply drive, on Monday intervened in the inter-bank Foreign Exchange Market to the tune of $195 million. Figures released by the apex bank show that it offered $100 million to the wholesale segment, while the Small and Medium Enterprises (SMEs) segment received $50 […]
Director-General of Energy Commission of Nigeria (ECN), Professor Jidere Bala, has advised investors in power sector to maintain good relationship with consumers through low but cost reflective tariff regime. Bala told the News Agency of Nigeria (NAN) in Lagos that electricity was a service and consumers must have good relationship with the suppliers. The Director-General […]
Olu Akanmu, Executive Director, Retail Banking at First City Monument Bank, and Oare Ojekere, Group Chief Marketing Officer, Dangote Plc, will lead discussions at this year’s Experiential Marketers Association of Nigeria’s (EXMAN) Business Conference. Scheduled to hold Friday, July 28 at The Civic Centre, Victoria Island, Lagos, the event is aimed at providing a platform […]
The Federal Government recorded N397 billion deficit in May due to slowdown in economic activities, which occasioned 48 per cent shortfall in federally collected revenue for the month. The Central Bank of Nigeria, CBN, disclosed this in its economic report for May released weekend. The report, among other things, revealed that federally collected revenue for […]
Nigerian maritime stakeholders are uncomfortable with the estimated $6.16 billion paid by importers to foreign shipping companies as freight charges annually. They are also miffed by the fact that over 20,000 local and offshores have been lost in the last few years following the Federal Government inability to float a viable national carrier. According to […]
A major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with a catastrophic natural disaster such as U.S. Superstorm Sandy in 2012, Lloyd’s of London said in a report on Monday. The report, co-written with risk-modeling firm Cyence, examined potential economic losses from the hypothetical hacking […]