The Nigerian Communication Commission (NCC) says the telecommunication industry has recorded over $70 billion investment in the past 21 years. The Executive Vice Chairman of the NCC, Umar Danbatta, said this on …
Nigeria
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BusinessEconomyINVESTMENTNigeriaTelecommunications
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AFRICA NEWSBusinessEconomyEnergyNigeria
Power generation on the national grid increases by 4,864MW in 48 hours
Power generation on the national grid increased by 834.8 megawatts between Monday and Wednesday morning, hitting a high of 4,863.7MW at 6am on Wednesday. Data obtained from the Abuja headquarters …
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Flour Mills of Nigeria Plc has said its unaudited financial statement for half-year 2023 shows strong revenue growth across business segments, despite the challenging macroeconomic environment. A statement by the …
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Banking, Finance & InvestmentBusinessEconomyMarketsNigeria
EFCC raids Bureau de change operators in Abuja as Naira falls rapidly
Operatives of the economic and financial crimes commission raided the offices of black market currency dealers in Abuja on Tuesday in a bid to halt the rapid fall of the naira. …
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BusinessEconomyNigeriaTransportation & Logisitics
Nigeria produces 650,000 international passports booklets in 2022
The Federal Government has said that 650, 000 international passport booklets were produced in 2022. This is 100,000 fewer than 750, 000 applications within the year. The Minister of Interior, …
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The Independent Petroleum Marketers Association of Nigeria, on Monday, threatened to withdraw its service over incessant increment on the price of the premium motor spirit in the Eastern part of …
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The Nigerian Government disclosed that the Federation Account Allocation Committee (FAAC) allocated the sum of N760.235 billion to the Federal Government, states and local governments in September. This was disclosed in a …
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EnergyNigeriaTechnologyWestern Africa
Seplat witnesses a profit jumps 9-month by 144% to N34 billion amid oil price boom
Nigeria’s biggest quoted oil and gas company Seplat Energy Thursday posted a net profit of N34 billion ($618.6 million) for the year to September, 144 per cent stronger than the …
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President Muhammadu Buhari Wednesday in Seoul invited top Korean business executives to increase their investments in Nigeria, while his administration would continue to make determined efforts to improve the enabling …
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The price of 12.5kg of Cooking gas rose by 61 per cent to N9,906 in September 2022 from N6,165 in September 2021. This was disclosed by the National Bureau of …