Discos traces lack of meters to forex constraints, no, they prefer estimation—customers
The blame game trailing scarcity of prepaid electricity meters across the country has deepened as scarcity of prepaid meters persists. Whereas Discos have continued to use the prevailing forex scarcity to give excuses, millions of consumers still argue that Discos…
Again, CBN releases $355m for raw materials import
The Central Bank of Nigeria (CBN) said it has disbursed a total of $355.74 million for raw materials imports in the month of October. A statement by the bank said the amount was about 40.99% of the total 867.83 million…
No African country can beat Nigeria in mobile market subscription—Ovum
Apart from retaining the position of the largest mobile market in Africa in terms of subscriptions, with 150.22 million mobile subscriptions at end-2Q 2016, the Ovum Africa Market Outlook has noted that it will take time for any other African…
66m Nigerians form part of 3.9bn people globally without Internet – UN Report
New report by the U.N.’s International Telecommunications Union (ITU) has revealed that about 3.9 billion people globally are not connected online. In this figure, Nigeria contributed about 66 million according to the NU figure and 40 million by NCC figures….
Card readers hobble voters in Ondo, shocks Mimiko, Jegede others
Though former President of Nigerian Bar Association and Senior Advocate of Nigeria (SAN), Chief Rotimi Akeredolu of All Progressive Congress (APC) is currently in early lead, experiences in the use card reader technology in elections in Nigeria got soar Saturday…
Kwara Gov’s Facebook account hacked as he disowns fake ones
The public has been alerted to the existence of fake Facebook accounts in the name of the Kwara State Governor, Alhaji Abdulfatah Ahmed. The accounts are said to be operated by some unscrupulous individuals to defraud unsuspecting members of the…
Telecoms services coming to 40m unserved Nigerians in 2017—NCC
The Nigerian Communications Commission (NCC) has given fresh assurance that provisions have been made in its 2017 budget to extend telecommunications services to additional 40 million people across the country. The agency had few days ago, revealed that there are…
S/East traders decry official abandonment of Onitsha River Port 4 years after
An issue of urgent regional importance was thrown up at the recent official visit and tour of Innoson Motors manufacturing plant in Anambra State by the Vice President, Prof Yemi Osinbajo. Traders in South East stood in unison to inform…
Economic policies on sound market principles will ease recession—Stanbic boss
The Chief Executive Officer of Stanbic IBTC Holdings Plc, Ms. Sola David-Borha has given fresh antidote for the way out of the nation’s economic woes, saying the key to creating a path to sustainable growth is to have a clear…
FCMB plans N7.5bn tier-II debt issue, grosses N140.7bn in Q3
First City Monument Bank Limited (FCMB) is currently perfecting plans to raise 7.5 billion naira ($25 million) in Tier-II supplementary debt by year-end to strengthen its capital base. This is as it grossed N140.7 billion in earnings for the third…
