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LICENSED INTERNET SERVICES PROVIDERS DROPPED TO 143 – NCC

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 [...]

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INVEST IN TECHNOLOGY, UN CHARGES NIGERIA

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, [...]

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NIGERIA’S REVENUE PROSPECTS BRIGHTEN AS OIL HITS $67

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 [...]

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FAAC MANAGES ONLY A SLIGHT RISE IN FEBRUARY AS NIGERIA’S STATES BLEED

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 [...]

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DPR TO LEVERAGE SERAS FOR NEW OIL, GAS INVESTMENTS

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 [...]

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SEC, CBN, Others Will Develop Regulatory Framework for Crypto Assets —Yuguda

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 [...]

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Nigeria, Others Suffered 40% Drop In Oil Investment – Report

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 [...]

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External Reserves Down By $565m In Two Weeks

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 [...]

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Rising Inflation, Threat To Industrial Recovery, Says MAN

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 [...]

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Freight Forwarders, Truckers Blame Shipping Firms For Apapa Gridlock

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 [...]