All business, markets and economics news
There are strong indications that the Lagos State Government may have barred the mass transit buses that came from the Subsidy Reinvestment Empowerment Programme (SURE) of the federal government from plying parts of Lagos roads. The mass transit...
The Nigerian National Petroleum Corporation (NNPC) has said that Nigeria may not be of much help to fill the gap in the global oil market created by the impending sanction on Iranian oil by the United States of America and Europe. According to NN...
The founder of Visafone Communication Limited, Jim Ovia, has said that Nigerians will be expending wireless broadband services worth N600 billion come 2015 even as he said aggressive internet penetration was the future of the country for economy growth...
The European Commission has adopted the 19th update of the European safety list of air carriers subject to operating bans and other operational restrictions within the EU, better known as “the EU Air Safety List”. The updated list includes ...
With the huge traffic occasioned by the rise of mobile internet and the social media which has seen terabytes of data, video and voice calls passing through the internet, mobile operators are seeking additional spectra release to expand their networks ...
The Nigerian Communications Commission (NCC), took its awareness drive about effective use of communications services in Nigeria to the 23rd Enugu International Trade Fair which ended at the weekend where it urged phone subscribers in the country to en...
Etisalat Nigeria has renewed its growth plans for the Nigerian mobile telecommunications, saying it would continue to invest despite the challenges in the sector even as its subscriber base reached 12 million just three and half years after launching i...
As the interview to select a new president for the World Bank holds today, the candidacy of Finance Minister Ngozi Okonjo-Iweala has been described as ``manifestly superior’’ to any other. Prof. Ade Adefuye, Nigeria’s Amba...
The Commissioner for Power and Energy in Delta, Mr Charles Emetulu, said that the State Government had got approval to step down 150 megawatts of electricity in Asaba. Emetulu told the News Agency of Nigeria (NAN) in Asaba that Asaba remained the only ...
The African Development Bank (AfDB) says its vision of stable and vibrant African economies by 2022 will be predicated on policy choices made by regional member countries. Ousman Dore, Resident Representative of the bank in Nigeria, stated this ...
Dr Ifueko Omoigui-Okauru, the outgoing Chairman of the Federal Inland Revenue Service (FIRS), says a strong foundation has been laid for the Nigerian tax system, in spite of some challenges. Omoigui-Okauru, who said this at a media briefing on Friday i...
The World Bank says it is ready to partner with the Cross River Government to tackle youth unemployment. Prof. Foluso Okumadewa, the bank's task team leader of the in charge of Community Social Development Projects (CSDP), gave the assurance ...
Following the sack of three top management staff of the Power Holding Company of Nigeria (PHCN) by the federal government alleging sabotage on the power reform process, there are strong indications that electricity workers’ unions are planning to...
The Bureau of Public Enterprises (BPE) has released the revised industry and transaction agreements to the 152 potential investors interested in the privatisation of the 17 successor companies created from the unbundling of the Power Holding Company of...
Contrary to claims by the Joint Senate Committee on Establishment and Public Service and States and Local Government Administration, chaired by Senator Aloysius Etok, that its preliminary findings revealed the illegal transfer of the sum of N3bil...