Technology

MTN seeks collaboration with Fed Govt on 70% broadband target

MTN Nigeria has stressed the need for collaboration between it and the Federal Government to achieve the 70 per cent broadband internet penetration in urban and rural areas by 2025 in accordance with the National Broadband Plan. Its General Manager for Fixed Broadband at MTN, Onyinye Ikenna-Emeka, who spoke with Arise TV on broadband connectivity in Africa’s most populous nation, said the…
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Agriculture

Ministry denies spending N18.9b on bush clearing

The Federal Ministry of Agriculture and Rural Development has refuted claims that it spent N18.9billion on bush clearing during the COVID-19 lockdown in 2020. The ministry in a statement by its Director of Information, Dr. Joel O. Oruche, noted that the statement, which…
Banking

States get N472bn World Bank-assisted fund

The Federal Government, on Wednesday, revealed that states had received N471.9bn of the $1.5bn World Bank-assisted States Fiscal Transparency, Accountability and Sustainability Programme for Results. The Minister of Finance, Budget and National Planning, Dr Zainab Ahmed…
Automobile

TotalEnergies donates 10000-litre tank to Fire Service

As one of its ways to give Sack to the society, TotalEnergies Marketing Nigeria Plc has donated a 10,000-litre capacity Braithwait overhead aluminum tank and bunk beds to the Federal Fire Services at Marine Beach, Apapa station. The event, which held at the fire service office in Apapa, Lagos, last week, welcomed important personages. In his keynote address, Managing Director, TotalEnergies…
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Banking

Mobile transactions rise by N8.9tn in three years

Mobile transactions have risen by N8.981 trillion between the first seven months of 2019 and the corresponding period of 2022. They have risen from N289.12bn to N9.27tn, according to data from the Nigeria Interbank Settlement System. This is as the value of cheque…
Economy

Nigerians complain about high rate of cooking gas

The average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) increased by 105 per cent within the last twelve months, This follows an increase from N2200 in August 2021 to N4500 in August 2022, indicating a 105 per cent increase over the…
Economy

Nigeria’s N9tn oil revenue threatened, FG blames theft

Nigeria’s oil production slumped by 28 million barrels between January and July 2022, threatening the Federal Government’s N9.37tn oil and gas revenue target by the end of the year. The Federal Government, in the 2023-2035 Medium Term Expenditure Framework & Fiscal Strategy Paper recently presented by the Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, blamed oil…
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Economy

Nigeria’s debt profile to World Bank rises by $660m

The total debt owed to the World Bank Group by Nigeria rose by $660m in the first six months of 2022, the This is according to data from both the Debt Management Office and the financial statements of the World Bank. According to data from the DMO, Nigeria debt to the…
Brands & PeopleMarkets

Nigerian Marketing Awards Debuts

In a bid to recognize hardworking marketing professionals in Nigeria, one of the leading marketing professionals in the country, Anthony Agenmonmen has unveiled Nigerian Marketing Awards. Prince Yemisi Shyllon, Mr. George Thorpe, and Alhaji Garba Bello Kankarofi will be serving as members of the Advisory Board in the first edition of the awards. The event will be held on 11 November 2022 at the…
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