NCC: 22.3 million jobs and $13.2 trillion in economic output will be created by 5G technology.
By 2035, the introduction of 5G technological services, according to the Nigerian Communications Commission (NCC), will increase global economic value…
Day: June 5, 2023
CBN Reports a 27% Decrease in Electricity Export Revenue.
According to The PUNCH, Nigeria’s electricity export fell by $58.1 million in a single year due to grid failure. According…
Price-fixing and petroleum equalization eras are finished, according to NMDPRA.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has declared that the era of price fixing and obtaining foreign…
Market expansion and diversification will lead to growth.
In an effort to increase wealth for investors and residents as well as spur economic progress, the Securities and Exchange…
Nigerian Stocks Exhibit the Region’s Greatest Returns.
The majority of quoted securities in Nigeria outperformed their peers in Sub-Saharan Africa despite the country’s high inflation and negative…
The SEC takes Action to Monitor Capital Market Delisting.
The Securities and Exchange Commission has stated that it is prepared to address and resolve the issues that lead companies…
NNPC will stop using crude swaps and focus on cash payments for imported gasoline.
The Nigerian National Petroleum Company Limited (NNPC) plans to stop using crude oil swaps in favor of cash payments for…
FG and Foreign Airlines are Scheduled to Meet on Trapped Funds.
The International Air Transport Association, a worldwide airline trade group with headquarters in Switzerland, issued a warning on Sunday that…
As Saudi Arabia Reduces Production, OPEC Increases Nigeria’s Oil Supply.
On Sunday, OPEC+ members and non-members agreed to reduce crude oil production levels in order to maintain the stability of…
NLC Refuses to Attend a FG Meeting, and Electrical Workers Support Strike.
The Federal Government convened a meeting on Sunday to discuss the elimination of the fuel subsidy and the ensuing increase in fuel pump prices across the nation. The Nigeria Labour Congress refused to attend. The union emphasized that unless a legitimate team was assembled, it would not engage in any discussion with government representatives. However, representatives from the Trade Union Congress were present during the meeting, which was a follow-up to last week’s impasse-filled negotiations with the NLC at the Presidential Villa in Abuja. As the Bola Tinubu administration removed gasoline subsidies, the power workers promised to join the strike and cause a nationwide blackout in response. Hakeem Ambali, the NLC’s CentralTreasurer, confirmed the decision of the union to boycott the meeting which was a follow-up to…