President Muhammadu Buhari on Thursday tasked public broadcasters in Africa on the need to develop rich content in order to be a catalyst for growth. He spoke at the opening of the 9th African Union of Broadcasting (AUB) General Assembly in Abuja. The Federal Radio Corporation of Nigeria (FRCN) and the Nigerian Television Authority (NTA), […]
The new Minister of State for Solid Minerals has stated that Nigeria has over 600, 000 illegal miners. He added that the Ministry is making efforts to group them with the aim of helping them as mining has become their way of life.
A Dubai-based company, Access Infra Africa, has signed a joint development agreement with Quaint Global Energy Solutions to invest in Nigeria’s power sector. This it would be doing by investing $100 million in ABIBA Solar Project, a 50MW solar power plant being developed in Kaduna State. The plant, when completed, is expected to generate 82,500 […]
The impact of the crude oil price and quantity shock which has assailed Nigeria’s economy since last year has continued unabated leading to a situation where the Budget Office of the Federation now finds it difficult to cash-back quarterly capital vote releases. And disturbed by the development, the Fiscal Liquidity Committee consisting of the Federal […]
A highlight of the All Africa Business Leaders Award West Africa last night was the acceptance speech of the Emir of Kano and Former Central Bank Governor Muhammadu Sanusi II, who picked up a lifetime achievement award. Emir Sanusi addressed President Buhari’s policy of controversial fuel subsidies and his views on the exchange rate. He […]
The Federal Government has hired two international audit firms, KPMG and Price Waterhouse Coopers (PwC), to conduct a forensic audit of its revenue-generating departments and agencies covering the period between 2012 and May 2015. The two firms were selected by a five-man committee of the National Economic Council (NEC) which made the announcement on Thursday, […]
Nigeria has recorded total transactions of N700 billion through the mobile money banking system since 2012, a Central Bank of Nigeria (CBN) official said in Abuja on Tuesday. The Director, Banking and Payment Systems Department, CBN, Mr Dipo Fatokun, made the statement in a presentation at a workshop on Mobile Money and Emerging Payment System […]
The Permanent Secretary, Federal Ministry of Finance, Mrs Ana Daniel-Nwaobia, and Accountant-General of the Federation, Ahmed Idris, on Monday briefed President Muhammadu Buhari on the state of the nation’s economy. Addressing State House correspondents after the closed-door briefing, Daniel-Nwaobia said the briefing was to let the President have first-hand information about happening in the ministry […]
The Nigerian economy risks another economic shut down in the next couple of days, as workers of Seawolf Oilfield Services, yesterday, promised to work with the National Union of Petroleum and Natural Gas Workers, NUPENG and the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, to compel the Asset Management Corporation of Nigeria, […]
As part of its efforts to revamp the telecommunication sector, the federal government, handed over the Nigerian Telecommunication Plc (NITEL) and Nigerian Mobile Telecommunications (MTEL) to its preferred bidder, the NATCOM Consortium after five failed attempts to privatise the companies.
Nigeria’s former telecommunications giant, Nigerian Telecommunications Ltd (NITEL) and its mobile subsidiary, Mobile Telecommunications Ltd (MTEL) changed ownership as the Federal Government formally handed it over to the new core investor NATCOM Consortium Development and Investment Ltd. This followed a successful conclusion of a guided liquidation transaction by the Bureau of Public Enterprises (BPE) under […]
Chairman of NATCOM Consortium, Olatunde Ayeni, commended the transparent and open process the bidding was conducted, observed that a new and strong brand has entered the Nigerian telecommunications market, adding that NATCOM is resolved to deliver a unique brand that would wow and delight the Nigerians customers and market. He said, “We believe there is […]