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Monthly Archives: November 2016

Relief as NCC suspends directive on data segment price floor

NCC head office, Abuja

Following the concerns that visited the directive to introduce price floor for data segment of the telecommunications sector beginning from December 1, 2016, the Nigerian Communications Commission (NCC) has suspended any further action in that direction. MTN and Etisalat had few days ago, issued a notice to subscribers that effective December 1, 2016, there will be upward review of some ...

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*And Tony goes to School

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Cowbellpedia winners give antidote to understanding Mathematics

Excited winners and teachers in the just concluded 2016 Cowbellpedia Secondary School Mathematics TV Quiz Show have revealed the various strategies to “arrest” the Mathematics phobia. In many parts of the world,  mathematics is regarded as the bedrock of science, spreads phobia in the minds of several students that has resulted in the below average performance in the subject at ...

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NASS seeks reduction in petrol price to N70 per litre

Yakubu Dogara

The House of Representatives Tuesday urged the Petroleum Products Prices Regulatory Agency (PPPRA) to review the current price template for Premium Motor Spirit (PMS) with a view to reducing the price to N70. This followed the adoption of a motion sponsored by Rep. Abubakar Fulata titled “Urgent Need to Review the Petroleum Price Template”. Moving the motion, Fulata expressed dismay ...

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Confusion as Fitch doubts Nigeria’s crude-for-loans deals with India, China

Nigeria is about to tread a familiar but very vulnerable part again after it observed that earlier oil swap deals orchestrated during the last administration were infested with abuses. This fear may have been given credence as leading global assessment group, Fitch Ratings, has expressed doubt over Nigeria’s multi-billion dollar crude-for-loans prepayment deals with India and China. It would be ...

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OPEC meets today, may end up taking a tough decision on cuts

OPEC meets November 30, in an attempt to reach some form of production freeze deal, but amid a number of disputes that make agreement very difficult. There are short-term incentives, under the pressure of summitry, to come up with something — anything! — but the underlying problems mean that any deal reached is unlikely to have much substance or longevity. ...

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CWG invents solution capable of tracking products for manufacturers

Leading software solutions merchant, CWG Plc has disclosed that its flagship, SMERP Product Distribution Management system has been innovated and powered with chips that will trail products transit from manufacturing companies and their distributors to the end users. Business director, Emergent at CWG, Mr. Rasheed Salawu disclosed this in an interaction with some newsmen at the company’s corporate headquarter in ...

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Dangote Foundation increases donations to IDPs, stakes N1.3 billion

Dangote Foundation has flagged off the distribution of food and other relief items worth over N100 million to IDP camps in the state, thus growing its intervention to N1.3 billion. The Foundation said its support to the IDPs and other returnees across the North eastern states has grown up to N1.3 billion in the light of recent ugly developments in ...

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Experts seek seamless spectrum trading, harp on usage not ownership

Stakeholders in telecoms industry Tuesday in Lagos agreed that further auctioning of telecoms spectrum should be conducted in a way and manner that will accommodate more operators in form of sharing and trading model capable of encouraging aggregate investments by parties. Leading the pack of the new idea at the annual consultative forum on engineering and emerging technologies, was Frasier ...

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‘Leave MTN alone, interrogate FRCN, CBN, NIPC further on $13.9b transfer’

Nigerian Senate

Since Senator Dino Melaye raised the issue of alleged transfer of $13.9bn by MTN Nigeria between 2006 and this year on the floor of the Senate earlier in September, there has been a kind of shielding of concerned regulatory agencies in the investigation of the matter. Rather, MTN had been severally distracted vide random invitation by the Senate. This trend, ...

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