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Day: June 7, 2023

Nigeria Launches MNVO Operations and Issues Licenses to 25 Enterprises.
Local

Nigeria Launches MNVO Operations and Issues Licenses to 25 Enterprises.

The Nigerian Communications Commission (NCC) may have authorized 25 businesses to operate as Mobile Virtual Network Operators (MVNO) in Nigeria.…

byakintundeJune 7, 2023June 7, 2023
ART seeks a crude oil swap to release $810 million in blocked funds for airlines.
Local

ART seeks a crude oil swap to release $810 million in blocked funds for airlines.

Dr. Gabriel Olowo, president of the Aviation Roundtable and Safety Initiative, yesterday urged Mr. Godwin Emefiele, governor of the Central…

byakintundeJune 7, 2023June 7, 2023
Marketers Claim that Subsidy Removal has Increased Depot Gasoline Prices.
BusinessCommodities

Marketers Claim that Subsidy Removal has Increased Depot Gasoline Prices.

Since May 29 when subsidies were formally eliminated, gas prices at the pump have climbed by more than 100%. On…

byakintundeJune 7, 2023June 7, 2023
World Bank: Nigeria’s Economic Expansion is too Sluggish to Combat Poverty.
Business

World Bank: Nigeria’s Economic Expansion is too Sluggish to Combat Poverty.

The World Bank issued a warning Monday, stating that Nigeria’s economic expansion is too sluggish to deal with the issue…

byakintundeJune 7, 2023June 7, 2023
Stakeholders Expect an Increase in Call Costs Due to the Telecom Tax.
Local

Stakeholders Expect an Increase in Call Costs Due to the Telecom Tax.

Muhammadu Buhari, the former president of Nigeria, put a 5% excise levy on telecommunication services into law in spite of…

byakintundeJune 7, 2023June 7, 2023
Reps Call on the Government to Contract Out Refineries to IOCs.
Local

Reps Call on the Government to Contract Out Refineries to IOCs.

The House of Representatives urged the Federal Government and Nigerian National Petroleum Corporation Limited (NNPCL) yesterday to contract with reputable…

byakintundeJune 7, 2023June 7, 2023
Exposure of Nigerian Banks to $13 billion Eurobond for Ghana Set at $1.7 Billion.
BankingBusiness

Exposure of Nigerian Banks to $13 billion Eurobond for Ghana Set at $1.7 Billion.

According to a research published by Agusto &Co, Nigerian banks have a significant amount of exposure to the economic and…

byakintundeJune 7, 2023June 7, 2023
Nigeria Air: Representatives Urge that the Main Perpetrators be Charged.
Local

Nigeria Air: Representatives Urge that the Main Perpetrators be Charged.

The House of Representatives Committee on Aviation has demanded the detention, criminal prosecution, and punishment of everyone engaged in the…

byakintundeJune 7, 2023June 7, 2023
Kaspersky claims Nigeria has the second-highest number of cyberattacks in Africa.
LocalTechnology

Kaspersky claims Nigeria has the second-highest number of cyberattacks in Africa.

According to a Kaspersky research, Nigeria experiences the second-highest number of cyberattacks in Africa. Only Kenya, which was rated 35th…

byakintundeJune 7, 2023June 7, 2023
Nigeria’s BUA Receives $500 million to Build New Cement Lines.
Business

Nigeria’s BUA Receives $500 million to Build New Cement Lines.

The International Finance Corporation (IFC) and other lenders have provided $500 million in finance to Nigeria’s BUA Cement (BUACEMENT.LG) to…

byakintundeJune 7, 2023June 7, 2023

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