The Nigerian Communications Commission has said the number of licensed Internet Service Providers dropped to 143 in October 2020. The commission stated this in a report titled ‘Study on the [...]
The United Nations on Monday charged the Federal Government to invest in technology, as the global agency also pledged to support Nigeria in this. Deputy Secretary-General, UN, Amina Muhammed, [...]
The international oil benchmark, Brent crude, rose further on Wednesday to $67 per barrel, compared to Nigeria’s budget benchmark of $40 per barrel. For Nigeria, which relies on crude oil for [...]
The gross monthly distribution by the Federation Account Allocation Committee (FAAC) to the three government tiers and eligible agencies totalled NGN640bn (USD1.56bn) in February, 2021. This was [...]
The Department of Petroleum Resources (DPR) has commenced the implementation of its Search Rescue and Surveillance Programme (SeRAS) initiative in a bid to renew investors’ confidence and make [...]
The Securities and Exchange Commission, the apex regulator of the nation’s capital market, has said it will collaborate with the Central Bank of Nigeria and other critical stakeholders to create [...]
Nigeria and other oil-producing countries in sub-Saharan Africa saw a 40 per cent decline in oil and gas investment in 2020 to the lowest level in nearly 20 years, a new report has said. The [...]
The country’s external reserves dipped by $565m from $36.198bn as of February 1, to $35.633bn as of February 15, latest figures from the Central Bank of Nigeria revealed on Wednesday. The [...]
The Manufacturers Association of Nigeria has said the rising inflation in the country is a threat to the recovery of the industrial sector. The Director-General, MAN, Segun Ajayi-Kadir, said this [...]
Freight forwarders and truckers have blamed shipping companies as the key factor causing the gridlock experience at Apapa ports. They also attributed some of the blame to extortion from security [...]
