France sets aside €1bn for citizens wishing to invest in Nigeria’s oil sector
In a demonstration to show confidence in Nigerian economy and oil industry reforms in particular, the French government has announced that it has set aside about €1bn to be invested in Nigeria’s oil and gas industry by its nationals. Apart…
EU fines Google $2.7bn for undue advantage to advertisers’ against rival search engines
Google suffered a major blow on Tuesday after European antitrust officials fined the search giant a record $2.7 billion for unfairly favoring some of its own services over those of rivals in search engine industry The penalty, of 2.4 billion…
Botched DSO deadline means postponement of digital dividend, broadband boost
Though June 17, 2017, the third deadline agreed by the federal government for the nationwide transition from analogue to digital TV transmission has come and gone, it means that digital dividend expected to quicken broadband delivery after Digital Switch Over…
Etisalat’s loan: CBN, NCC should stop tossing lenders’ around—Banks’ shareholders’
Leading capital market pundits and leadership structures of shareholders associations have waded in to the Snell speed handling of the $1.2bn syndicated loan default between Etisalat Nigeria and a consortium of 13 banks. Running for months now, Etisalat Nigeria had…
Delegates of NCC at the ‘Broadband for All Summit’ with US telecoms boss, Pai
Delegation of Nigerian Communications Commission (NCC) to the ‘Broadband For All Summit’ holding in Sweden in a group photograph with the Chairman of USA Federal Communications Commission, Mr. Ajit Pai.
NCA: How Etisalat’s operating licence can be transferred to banks’ on further default
Barring further collapse of Etisalat’s $1.2bn syndicated loan repayment negotiations this week, legal experts have smoked out a possibility from the extant Nigerian Communications Act (NCA), showing that even though issuance of a mobile telephone license is personal to the…
Why release of N350bn for 2017 budget implementation may be delayed
Contrary to earlier announcement by the federal government that it will release the first tranche of N350bn for the effective take off of 2017 budget, limited inflow of revenue into the Federation Account and the competing need to complete the…
FIRS: Comparative analysis shows ups, downs in different taxes in Q1 2016, ‘17
Just as the Federal Inland Revenue Service (FIRS), has disclosed that it generated N778.19 billion revenue in the first quarter (Q1) of 2017, deeper review of the earnings indicates no straight flow of increments amongst different kinds of taxes collected…
We cut Manbila project budget over fears of using N17 bn for mere EIA—Asuquo
House of Representative Committee Chairman on Power, Hon. Dan Asuquo has opened up on why the National Assembly slashed the budget on Manbila Power Project, saying lawmakers were put off on sighting a whooping N17bn allocated for just conducting an…
Lost 25 million barrels of crude in March not linked to vandalism—NNPC
Contrary to trending news that loss in crude oil in the month of March were from oil installations vandalism, intelligence secured from credible sources at the Nigerian National Petroleum Corporation (NNPC) showed that they were caused essentially by challenges like…
