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NCC: How we improved broadband service

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.

NCC chief: 3G, 4G telecoms towers hits 53,460

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.

Doyin Salami: Nigeria spent N1.85 trillion on food importation in 2020

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.
Dr Herbert Wigwe, Managing Director of Access Bank Plc

Nigerian bank targets eight more African countries in expansion drive

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).

Custom agents clamour for national shipping policy to check malpractices

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.
The Egyptian Ministry of Petroleum and Mineral Resources announced on Thursday a new oil discovery in the shallow waters of Geisum concession south of the Gulf of Suez, with an initial production rate of 2,000 barrels of crude oil per day.

OPEC: Nigeria’s daily oil production drops to 1.17 million barrels in December

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.
The recent declaration by the court that N50 stamp duty on teller deposits or electronic transfer of funds is illegal is in order, frontline Lagos Lawyer, Fred Nzeako, has said.

2021: Banks to walk a tightrope amid low revenue environment

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.

Apple supplier Lens Technology accused of using forced Uighur labor

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.

Nigeria urged to utilize PIB to jumpstart energy intensive industries

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.

PwC: Nigeria’s economy will perform better than IMF, WB projections

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.
The Governor who was represented by the Deputy Governor, Dr Obafemi Hamzat added that the present supply of fish and other seafood products in the State was insufficient to meet the fish and seafood demands of Lagosians hence the need to have a private sector driven aquaculture centre.

Lagos to establish a multi million naira fish centre

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.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Profit taking persist on NSE, market capitalisation loses N232 billion

Nigerian stock market closed on a negative note for the fourth straight session on Thursday with the market capitalisation losing N232 billion.
Moscow’s state-run Gamaleya Institute said the vaccine Sputnik V’s efficacy was above 95 per cent after volunteers received two doses in preliminary results. Tatyana Makeyeva-Reuters

Russia warns citizens not to taste alcohol for 42 days after taking coronavirus vaccine

The Russian government has warned citizens not to consume alcohol for 42 days after receiving the Sputnik V coronavirus vaccine.
Embattled President of African Development Bank (AfDB), Dr Akinwumi Adesina, has survived a second round of investigation into his conduct, giving him a boost in his re-election bid next month.

AfDB: Africa’s economy shrinks by 3.4% due to coronavirus pandemic

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: Forex liquidity risk may affect credit rating of Nigerian banks

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.

‘Timber Mafia’ threatens the future of Romania’s ancient forests

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.

Ministry, NGO task journalists on nutrition reportage

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.

Why we commissioned new AI, Robotics Centre in Abuja – minister

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.

Recent Stories

Real Madrid playmaker Martin Ødegaard will join Arsenal on loan for the rest of the season after the clubs agreed to terms this evening.

Arsenal agree deal with Real Madrid for Martin Ødegaard

Real Madrid playmaker Martin Ødegaard will join Arsenal on loan for the rest of the season after the clubs agreed to terms this evening.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Two ‘kidnappers’ arrested in Ondo

Two young men suspected to be kidnappers have been arrested in Supare Akoko in Akoko South West Local Government Area of Ondo State while trying to abduct a child in his family house.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Mob sets robbery suspect ablaze in Benue

The Police in Benue on Sunday said a robbery suspect was set ablaze by an angry mob while attempting to steal a motorcycle in Makurdi.
Deputy President to late OPC founder, Otunba Wasiu Afolabi, in a statement on Sunday, further said the arrest order on Yoruba rights activist Sunday Adeyemo popularly known as Sunday Igboho is “misguided and provocative.”

OPC: We’ll deal with killer herdsmen

Deputy President to late OPC founder, Otunba Wasiu Afolabi, in a statement on Sunday, further said the arrest order on Yoruba rights activist Sunday Adeyemo popularly known as Sunday Igboho is “misguided and provocative.”
Donald Trump has reportedly reverted to “self pity-mode” following his impeachment amid frustration that his Republican allies are failing to defend him.

Donald Trump’s coming impeachment trial aggravates rift among Republicans

The coming second impeachment trial of former U.S. President Donald Trump on a charge of inciting the deadly storming of the Capitol has aggravated a rift among his fellow Republicans that was on full display on Sunday.