Six South African telecom companies, including MTN Group and Vodacom, will be able to keep their in-demand broadband spectrum until their licences expire in 2028 after agreeing to buy at least 30 percent of the government’s new Wireless Open Access Network, the communications minister said on Thursday. Minister Siyabonga Cwele told journalists an agreement was […]
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Bonga oil field, operated by Shell Nigeria Exploration and Production Company (SNEPCo), has produced about 702 million barrels of oil since inauguration in 2005, its Managing Director, Bayo Ojulari, has said. Ojulari told reporters yesterday in Lagos that the oil field operated at more than 92 per cent availability last year. According to him, the […]
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Ex – governor of Jigawa State, Sule Lamido, has commenced his 2019 presidential race, with two years left in the administration of the All Progressives Congress. Lamido unveiled his presidential bid on Monday, at a dinner for the 36 state chairmen of the Peoples Democractic Party (PDP), in the Federal Capital Territory, Abuja. The dinner/meeting, Daily Sun […]
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The nation’s Gross Domestic Product (GDP) in a report by the National Bureau of Statistics (NBS), showed a contraction of -0.52 per cent (year-on-year) in real terms in the first quarter of 2017. The NBS report, tagged, ‘Nigerian Gross Domestic Product Report for first quarter 2017’ released yesterday in Abuja, according to the NBS, represented the fifth […]
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The Central Bank of Nigeria (CBN) yesterday kept its Monetary Policy Rate (MPR), its base interest rate, at 14 per cent. CBN Governor Godwin Emiefele, who spoke to reporters after the Monetary Policy Committee (MPC) meeting in Abuja, said the recession corridor would come to an end by the third quarter because of the positive […]
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The Central Bank of Nigeria (CBN) yesterday injected $186.5million into the invisible and the whole Wholesale Secondary Market Intervention Sales (SMIS) segments of the forex market. This is made up of $36.5 million in the invisibles, $50 million for Small and Medium Enterprises (SMEs) segments and $100 million in the wholesale segment. The CBN also […]
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Ethiopia’s Tedros Adhanom Ghebreyesus won the race to be the next head of the World Health Organisation (WHO) on Tuesday, becoming the first African to lead the United Nations agency. The former health minister and foreign minister received more than half the votes in the first round and then won a decisive second-round election, beating […]
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Shell Petroleum Development Company, SPDC has expressed commitment to invest in Deepwater oil and gas exploration in Nigeria and other parts of the world. The company indicated in its latest report that the plan is based on the discovery that Deepwater holds great prospect for the making of new finds. “Shell has a long history […]
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Nigeria Minister of Finance Mrs. Kemi Adeosun, on Tuesday, tasked the Director-Generals of Customs and African Union Commission to bring on board the issue of 0.2% import levy and come out with the guidelines for its implementation. She based the call for the implementation on making it a permanent source of funding for implementation by […]
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The Corporate Affairs Commission on Monday announced the closure of the manual process for company registration in five states and the Federal Capital Territory. The announcement was made by the Registrar-General, CAC, Mr. Bello Mahmud, during a media briefing held at the commission’s headquarters in Abuja. Mahmud, who gave the states as Enugu, Kaduna, Kano, […]
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International Rating Agency, Standard and Poor’s (S&P) assigned its ‘B’ long term and ‘B’ short term global scale counterparty credit ratings to the United Bank for Africa Plc (UBA). These ratings on the pan African financial institution, United Bank for Africa (UBA) Plc, are at par with S&P ratings on the Nigerian Sovereign. More so, […]
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While the Federal Government basks in the success of the whistle blowing policy, there is the urgent need to ensure that the programme is sustainable and that whistle blowers are guaranteed protection from intimidation, threat or victimisation through the passage of a Whistle Blowers Protection Law. Speaking at the weekend, a security expert and Chief […]
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