FG, lawmakers heading for collusion on railway concession if…
There are growing divergent views capable of degenerating to something else if a soft landing for both parties is not provided as soon as possible. Only last week, members of the federal House of Representatives expressed worry and demonstrated stiff…
Competence, funding capacity of power sector investors worry Senate
Members of the upper chambers of the national Assembly have raised concern over the technical and financial competences of investors in the nation’s power sector. Their fears are unconnected with the weak growth and stability of the sector since the…
We don’t have plans to hike electricity tariff—-Discos
Though forex assess and other indices are not encouraging. We the members the Association of Nigerian Electricity Distributors (ANED) have no plan to increase the current tariff being paid by consumers. Executive Director, Research and Advocacy of the group, Mr….
FirstBank wins Global Finance Digital Bank of Distinction award
First Bank of Nigeria Limited has won the Global Finance Digital Bank of Distinction award, 2016. In a statement, the bank said the new award recognizes outstanding accomplishments in digital banking made by middle-market and local banks. It honours banks…
Globalhosting247.com notifies client of price reviews
Leading web data hosting group, Globalhosting247.com has notified clients in Nigeria that it has reviewed the prices of some services due to the current exchange rate and scarcity of the Forex (mainly the US Dollars). In a statement posted on…
Every 20% rise in ICT equals over 1% jump in GDP—Frank Li, Huawei MD
The managing director of Huawei Nigeria Limited, Mr. Frank Li has revealed that information and communications Technology (ICT) is now a catalyst spoon feeding the deepening of sub-Saharan economies and Nigerian economy in particular. In an interview in Lagos, he…
Nigeria loss of N127bn to e-Fraud yearly may soar if…DfID Chief
There are palpable fears that Nigeria may lose higher than the average amount it has been losing annually to cyber fraud if right policies and security architecture are not put in place now. The representative of the Department for International…
DMO warns FG against borrowing above $22.8bn in 2017
The Debt Management Office (DMO) has advised the Federal Government not to borrow above $22.08 billion in 2017. It gave the recommendation yesterday in its 2016 Debt Sustainability Analysis (DSA) report. In the report, DMO stated that the end-period on…
