Consumer

The Executive Vice Chairman of the Commission, Professor Umar Danbatta disclosed this while reeling out industry growth data at a briefing for the new Permanent Secretary of the Federal Ministry of Communications and Digital Economy, Engr. Festus Yusuf Daudu, on the functions and regulatory activities of the Commission in Abuja.

As a result of improved broadband/telecoms service delivery to Nigerians, third generation (3G) and fourth generation (4G) base transceiver stations (BTS) deployment in the country has increased from 30,000 to 53,460 while Fibre Optic Transmission cables expanded from 47,000 km to 54,725 km in the last five years.

The Nigerian government spent N1.85 trillion on food imports in 2020 after it closed the country’s land borders, the chairman of the presidential economic advisory council, Doyin Salami, has said.

Access Bank Plc has unfolded plans to expand to eight more African countries as part of a strategy to support trade and finance in the continent and take advantage of the newly formed African Continental Free Trade Area (AfCFTA).

The agents in the petition signed by Head, Research and Policy, National Association of Government Approved Freight Forwarders (NAGAFF), said: “First is to begin by reminding Mr. President that, for many years, the businesses of the Nigeria Shippers together with critical transport service providers such as the freight forwarders have been frustrated by certain business practices employed by container shipping lines and terminal operators.

According to the January Monthly Oil Market report, this is 155,000 barrels lower than the 1.32 million barrels per day produced in November and 173,000 barrels lower than the 1.34 million barrels per day produced in October.

Reason: the industry is faced with a tougher operating environment that could threaten the operators’ ability to meet their stakeholders’ needs and expectations yet perform meaningful corporate social responsibility roles.

A major Chinese supplier of consumer electronics components, Lens Technology, has been accused of using forced Uighur labor workers from the predominantly Muslim region of Xinjiang, China, according to a report from the Tech Transparency Project (TTP) shared with the media.

An expert in the oil and gas sector, Prof Wunmi Iledare, has advised Nigeria to transit from energy production to that of consumption so as to maximize the country’s hydrocarbon potentials to jumpstart massive development that will impact on the people.

PricewaterhouseCoopers (PwC) has projected that Nigeria’s gross domestic product (GDP) growth rate will likely fall between -1.5 percent and 0.5 percent in the fourth quarter of 2020.

Lagos is set to launch a multi-million Aquaculture Centre of Excellence (L.A.C.E) to provide a major boost to the fast-growing fisheries sector that already ships a major portion of its output to overseas markets.

Nigerian stock market closed on a negative note for the fourth straight session on Thursday with the market capitalisation losing N232 billion.

The Russian government has warned citizens not to consume alcohol for 42 days after receiving the Sputnik V coronavirus vaccine.

The President of African Development Bank, AfDB, Dr. Akinwumi Adesina, has said Africa’s economic growth this year will decline by 3.4%, because of the challenges of the Covid-19 pandemic.

Fitch Ratings, a global credit rating agency, predicts a risk in the rating of Nigerian banks due to foreign currency liquidity.

Romania’s old-growth forests are vast ancient woodlands that straddle the Carpathian Mountains in Eastern Europe. They have survived unchanged since the end of the ice age. But now these extraordinary forests are disappearing at an alarming rate and once gone, they can never be fully restored.

Save the Children International, Nigeria, in partnership with Federal Ministry of Finance, Budget and Planning have called on journalists to beam search light on increased reportage of nutrition issues in Nigeria.

The Minister of Communications and Digital Economy, Dr Isa Ali Pantami, says the new Centre for Artificial Intelligence and Robotics recently commissioned in FCT, Abuja, will serve as a hub for innovation, research and development.