Why unveiling of new owners of 9mobile may not be this year but 2018 Q1
Indications emerged Thursday evening in Abuja that last minute reality checks made in readiness for the naming of the bid winner of 9mobile ran into clearance hitches traced to political interference and pockets of opposition coming from some banks whose…
DSO: Advertising to inject N450bn annually from Nollywood, VAS, says Kawu
The Director General of National Broadcasting Corporation (NBC), Mallam Is’haq Modibbo Kawu has given more insights on the expected gains of nationwide Digital Switch over (DSO) very soon. Speaking in an interview in Ilorin recently, he averred that revealed that…
How Ikpeazu pumped N1bn to grow Aba industrial cluster infrastructure in 2017
More details have emerged on why massive industrial activities are peaking in Aba local industry space. This is coming from the steady upgrade of business and manufacturing enabling infrastructure in the region since the enthronement of Dr. Victor Okezie Ikpeazu…
Nigeria only nation where rising oil prices mean more pains, less gains
… As expert advocates ‘nairanization’ of downstream As global oil price inches towards $70, which translates to about 44 per cent above 2018 budget benchmark of $45, the nation’s downstream oil sector is facing shocks capable of returning the nation…
Stubborn Harmattan haze increases cancelation of domestic flights across airports
Delays and cancelation regime of local interstate flights which started since last week peaked on Thursday as number of stranded air travelers increased in mainly Lagos, Abuja and Kano airports. Apart from Lagos-Abuja-Lagos flights, which operated seamlessly, flights on many…
Local rice price to drop from N18,000 to N7,000 by April 2018—RIFAN boss
The Central Bank of Nigeria (CBN), the brain behind massive rice farming across the country under the Anchor Borrowers Programme (ABP) has put up a joint programme with Rice Farmers Association (RiFAN) that will work out modalities for crashing price…
Broadband InfraCos: Why NCC failed to licence remaining five zones in 2017
Contrary to the impression created by the Executive Vice Chairman of Nigerian telecoms regulator, the Nigerian Communications Commission (NCC), Prof. Umar Danbatta earlier in the year that the agency will complete the licensing of Broadband Infrastructure Companies (InfraCos) for the…
Zenith, Union Banks’ announce new board members after CBN approval
Two leading commercial banks, Zenith Bank Plc., and Union Bank of Nigeria Plc have announced changes to the membership of their Board of Directors. Whereas in Union Bank, the changes followed the retirement of an Executive Director, Mr. Ibrahim Kwargana…
Why CBN can’t freeze BVN deficient accounts for long
Considering the height of financial illiteracy in the country and ongoing drive by stakeholders to deepen financial inclusion amongst the rural dwellers, the Central Bank of Nigeria (CBN) will continue to be constrained to freeze accounts without Bank Verification Numbers…
Maritime stakeholders’ chide NIMASA on release of industry forecast for 2018
Just as the Nigerian Maritime Administration and Safety Agency (NIMASA) has hinted its readiness to release the empirical forecast that will determine the outlook of the maritime industry in Nigeria by the first quarter of 2018, stakeholders have expressed worry…
