Category: Economy

5G: Features, and Reasons why it’s the future

5G is the 5th generation mobile network. It is a new global wireless standard after 1G, 2G, 3G, and 4G networks. 5G enables a new kind of network that is designed to connect virtually everyone and everything together including machines, objects, and devices. #5GIsTHE FUTURE 5G wireless technology is meant to deliver higher data speeds,… Read More »

Category: Economy

Power sector reforms requires legislative intervention – Gbajabiamila

The Speaker of the House of Representatives Rep. Femi Gbajabiamila has emphasized that appropriate legislative intervention in the power sector is critical to national development. Gbajabiamila made this statment at the opening ceremony of the public hearing of the House Ad-hoc Committee on Power Sector in the National Assembly. According to him, it is in… Read More »

Category: Economy

NIWA MD Warns Boat Operators

The Attention of the management of the National Inland WaterwaysAuthority (NIWA) has been drawn to the recent boat mishaps in Lagos andBenue States.Consequently, The Authority is hereby warning all boat operators in thecountry to adhere strictly to inland waterways transportation safetyguidelines.The Authority is sad with the recent boat mishaps (which could beavoidable) in Lagos and… Read More »

Category: Economy

Nova Merchant Bank Makes a Market Debut with N10bn Bond

Nova Merchant Bank, a leading merchant bank in Nigeria has announced that its ongoing N10 billion bond issuance is aimed at putting the business on firm footing to achieve its short-term and long-term goals. The technology-driven financial institution is seeking to raise up to N10 billion 7-year Fixed Rate Subordinated Unsecured Bonds under its N50… Read More »

Category: Economy

Petrol price: NLC demands reversal, NECA backs govt

The Nigeria Labour Congress has kicked against the new fuel price of N143.8 announced by the Petroleum Products Price Regulatory Agency on Wednesday, saying “this might just be the last straw that would break the camel’s back.” The congress demanded a reversal of the pump price to the old price, arguing that that the prices of… Read More »

Category: Economy

FG may force DSTV to charge per view

The Federal Government has disclosed plans to force the Digital Satellite Television, owned by MultiChoice, a South Africa-based cable service provider, to provide pay-per-view options to Nigerian subscribers.The government also said it has amended Nigeria’s broadcasting code to prevent DSTV from monopolising its channels and contents.This is just as the House of Representatives ordered the… Read More »

Category: Economy

CBN plans increased local production in agric sector

The Central Bank of Nigeria has said it is stimulating local production in the agriculture business to enhance growth and boost employment in the country.Some of the apex bank’s agribusiness initiatives are the Agricultural Credit Guarantee Scheme Fund, Agricultural Credit Support Scheme, the Commercial Agriculture Credit Scheme, and the Real Sector Support Facility, according to… Read More »

Category: Economy

13 vessels coming from five COVID-19 endemic nations – NIMASA

The Nigerian Maritime Administration and Safety Agency has warned stakeholders about 13 vessels bound for Nigeria from five countries heavily affected by the coronavirus pandemic.Eight of the vessels are expected to berth in Apapa, Lagos; four in Bonny, Rivers State; and one in Port Harcourt, Rivers.The Director-General of NIMASA, Jamoh Bashir, who raised the alarm… Read More »

Category: Economy

Emefiele, CBN will not be deterred – Spokesman

The Central Bank of Nigeria (CBN) says the Governor, Godwin Emefiele, and his team at the Bank will not be deterred in their effort to steer the Nigerian economy away from the looming recession due to the global impact of the Corona Virus (COVID-19) pandemic, in spite of the push by some vested interests to… Read More »