• NCC plans to extend telecoms services next year

    The Nigerian Communications Commission (NCC) said on Friday provisions have been made in its 2017 budget to extend telecommunications services to additional 40 million people across the country. The Executive Vice Chairman of the Commission, Prof. Umar Dambatta, made this known in Lagos during a sensitization workshop organised by NCC ...

  • UNILAG VC Gives Recipes For Economic Recovery

    The Vice Chancellor University of Lagos, Prof Prof. Rahamon Bello has said the only way for Nigeria to recover from  its  present  economic recession was to sustain appropriate research into economic activities. He dropped the hint recently while declaring open the 11th Unilag Annual Research Conference and Fair  with the theme “Diversification ...

  • Thousands of Nigerian refugees need urgent assistance in remote north of Cameroon

    Source: UN High Commissioner for Refugees Country: Cameroon, NigeriaThousands of Nigerian refugees are living in difficult conditions in isolated and insecure border areas of northern Cameroon and urgently need assistance, says UNHCR.Thousands of Nigerian refugees are living in difficult conditions in isolated and insecure border areas of northernmost Cameroon and urgently ...

  • Nigeria: Investments in Telecoms Hit U.S.$68 Billion in Nigeria

    [Guardian] Despite what looks like economic downturn, investments in the fast growing telecommunications sector have been put at $68b as at July, 2016.

  • FG inaugurates panel to review tourism policy

    Ramon Oladimeji The Minister of Information and Culture, Alhaji Lai Mohammed, on Wednesday inaugurated the Technical Committee on the Review of Nigeria’s Tourism Master Plan. He challenged members of the committee to articulate realistic policies that would drive tourism from the periphery to the mainstream of the economy. Members of ...

  • Shiites: Senate vows to protect Nigeria’s sovereignty

    Friday Olokor, Abuja The Senate on Thursday in Abuja vowed to defend the nation’s sovereignty and interest against foreign interference. The Senate gave the assurance when it received members of the Coalition for Good Governance and Change Initiative and other civil society organisations, who had marched to the National Assembly ...

  • FG defies court as banks continue stamp duty collection

    Everest Amaefule, Abuja The Federal Government and its agencies have continued to defy the ruling of the Court of Appeal that the deduction of stamp duty on bank deposits is illegal. Investigation by our correspondent showed that the Technical Committee on Stamp Duty had advised the Central Bank of Nigeria ...

  • Forte Oil, MRS, 222 others bid for crude lifting contracts

    Okechukwu Nnodim, Abuja Forte Oil, MRS Oil, British Petroleum Oil International, Glencore Energy Services Limited and 220 other foreign and local oil companies on Thursday in Abuja submitted bids for the sale and purchase of Nigeria’s crude oil grades. This is coming as the Nigerian National Petroleum Corporation stated that ...

  • Govt resolves Lekki trade zone dispute

    Sesan Olufowobi The Lagos State Government has said it will resolve permanently the dispute in the Lekki Free Trade Zone with a committee to resettle displaced residents that has been put in place. There had been recurring disturbances in the zone, which led to the killing of the pioneer Managing ...

  • LASG to woo investors with ICT

    Sesan Olufowobi The Lagos State Government says it will use Information and Communications Technology to drive Foreign Direct Investments into the state. The government in a statement on Thursday told participants at a three-day workshop in the Badagry area, organised by the Office of Overseas Affairs and Investment (Lagos Global), ...

  • Remain focused on excellent practices, Ambode urges NB

    Anna Okon The Lagos State Governor, Mr. Akinwunmi Ambode, has commended Nigerian Breweries Plc for its commitment to the economic prosperity of the state and the nation. Ambode, who was on a courtesy visit to the company, charged its management to remain focused on excellent business practices and outstanding corporate ...

  • Firm inaugurates 160-hectare shrimp farm in Lagos

    Anna Okon A fishing company, Atlantic Shrimpers Limited, has inaugurated a 160-hectares shrimp farm in Lagos. A statement from the firm indicated that the farm, the first of its kind in sub-Saharan Africa, would hatch, nurture and process shrimps that would serve both local and export markets. The statement quoted ...

  • Nigeria should not criminalise forex possession

    Punch Editorial Board The ongoing attempt by the Nigerian Law Reform Commission to criminalise the possession of foreign currency is retrogressive and ill-conceived. In seeking to help the government tackle the acute forex crisis, the agency’s intervention may well serve to compound a worsening conundrum. A country in deep economic ...

  • Finance ministry, budget office meet over clash in functions

    Ifeanyi Onuba, Abuja Officials of the Ministry of Finance and the Budget Office of the Federation will today (Friday) meet over the clash in some of their functions, investigations have revealed. President Muhammadu Buhari had in November last year created the Ministry of Budget and Planning from the Finance ministry. ...

  • S’East govs, ministers shun inauguration of Enugu FTZ

    Ihuoma Chiedozie, Enugu The governors of Abia, Anambra, Imo and Ebonyi states on Thursday shunned the groundbreaking of the Enugu Free Trade Zone at Emene, near the Akanu Ibiam International Airport, in Enugu. The Enpower Enugu Free Trade Zone, the first in the South-East, is designed to promote commerce and ...

  • 224 firms bid for Nigerian crude

    Group managing director of Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Baru, yesterday disclosed that 224 bids were received from companies seeking crude oil lifting contract with Nigerian government. The NNPC boss who disclosed this during the opening ceremony of the 2016/2017 NNPC Crude Term Contract Tender, held at the ...

  • Diversification: We’re Repositioning Culture, Tourism Sector – Minister

    The Minister of Information and Culture, Alhaji Lai Mohammed has reiterated the commitment of the ministry to bring the culture and tourism sector into the mainstream of the economy, in line with the overall goal of the administration to diversify the economy and create jobs. The minister stated this in ...

  • Intensifying outbreak response efforts across Nigeria and the Lake Chad Basin

    Source: Global Polio Eradication Initiative Country: Cameroon, Central African Republic, Chad, Niger, NigeriaThousands of health workers across the region have been mobilized and trained. In Borno alone more than 1.7 million children have been vaccinated, yet many more continue to be un- or under-immunized.Regional emergency outbreak response is being further intensified, ...

  • FAO says 5.1 million Nigerians need urgent assistance

    Source: Food and Agriculture Organization of the United Nations Country: NigeriaFAO is seeking $25 million to tackle food insecurity among returnee, internally displaced and host communities in north-east Nigeria up to May 2017. Highlights 5.1 million people face acute food insecurity in northeast Nigeria (according to the latest Cadre harmonisé analysis released on ...

  • Workers shut down Caverton Helicopters operations

    Aviation trade unions on Thursday shut down the operations of Caverton Helicopters at the Murtala Muhammed International Airport , Lagos over alleged sack of 150 workers. The unions – the Air Transport Services Senior Staff Association of Nigeria  and the National Union of Air Transport Employees – accused the airline ...

  • My favourite food is garri and dry fish – Senator

    Sen. Solomon Olamilekan (Lagos West Senatorial District), popularly known as Yayi, on Thursday said that having soaked “garri”’ and dry fish as a meal gave him more satisfaction than any other food. Olamilekun, a member of the Senate Committee on Finance, said in Lagos that garri and dried fish was ...