The Nigerian Communications Commission (NCC) yesterday said internet users on telco’s networks had reduced further to 92,409,962, as at March this year. According to its monthly Internet Subscriber Data, internet users on both the Global System for Mobile communications (GSM), and Code Division Multiple Access (CDMA) networks slumped by 1,340,668. It added that 93,750,630 subscribers […]
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With Nigeria’s oil production reportedly hitting a more than 20-year low, one oil analyst tells CNBC why the country’s oil dilemma should be at the top of investors’ minds. “I think Nigeria really should be at the top of the agenda, because this is not necessarily about low oil prices,” Amrita Sen, chief oil analyst […]
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Self-driving cars are expected to usher in a new era of mobility, safety and convenience. The problem, say transportation researchers, is that people will use them too much. According to AP, Experts foresee robot cars chauffeuring children to school, dance class and baseball practice. The disabled and elderly will have new mobility. Commuters will be […]
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In this interview with GBENRO ADEOYE of Punchng, a chieftain of the Peoples Democratic Party and former Minister of Transportation, Chief Ebenezer Babatope, says the internal wrangling in the party could affect its chances in the next general elections Your party has zoned its national chairmanship to the North. What do you make of that? […]
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It has been a long standing argument by critical assessors of the economy that deregulation remains the tonic to turn around the fortunes of the downstream sector of the oil and gas industry. Those who canvass this position argue that it will provide enduring solution to the recurring scarcity of petroleum products and halt the […]
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Until Nigeria embraces the culture of continuity, the country would continue to grope in the dark while laying the blame on the nation’s lopsided constitution, said former President of Nigeria, Chief Olusegun Obasanjo. “The problem of Nigeria is not the constitution: Obasanjo argued adding “there is no constitution that is perfect in as much as […]
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Nigeria’s maritime industry in 2015 spent about $370m to combat piracy and provide security services, a report by Oceans beyond Piracy has revealed. The amount is said to include costs spent by the Nigerian Maritime Administration and Safety Agency at $218m; and public-private partnership which operate security escorts at $7.29m, patrol vessels at $136.8m and […]
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A stockbroking firm and member of Stanbic IBTC Holdings Plc, Stanbic IBTC Stockbrokers Limited, says there is a need to further deepen the Nigerian capital market with a view to providing investors with real-time trading information. This, according to the firm, informed the launch of its online stockbroking service on the Nigerian Stock Exchange with […]
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Nigeria features third in the world on a list of top ten countries with the greatest number of people living without access to safe water, an international agency, WaterAid Nigeria, has said. The agency said that the country remained one of the worst in the world for household water access. The Country Representative of the agency, […]
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Just over two years ago, the extremist Islamist group Boko Haram became infamous worldwide for kidnapping nearly 300 Nigerian schoolgirls, most of whom are still missing today. However, within the Lake Chad Basin region, a region straddling Nigeria, Chad, Niger, and Cameroon in West Africa, Boko Haram already was widely known for the brutality it […]
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[su_dropcap]A[/su_dropcap] trade professional and Managing Director/Chief Executive Officer, Koinonia Ventures Limited, Mr. Olufemi Boyede, has said Nigeria needs to begin to explore its over 5,000 exportable products. He stated this in Lagos during a press conference to announce a one-day workshop on non-oil export. Boyede said that the country’s quest to diversify its economy could […]
Read More The downward trend in the Nigerian stock market is showing no sign of abating any time soon as the market capitalisation has continued to fall, with 10 out of the 12 indices currently on the decline, STANLEY OPARA of Punchng writes The market capitalisation of the Nigerian Stock Exchange fell by N811bn from the first trading […]
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