Naira at N516 to dollar frustrating telecoms firms’ drive to invest on networks
Indications have emerged that the sustained free fall of naira over leading international currencies including dollar is the reason behind persistent poor Quality of Service (QoS) among telecoms networks. Otherwise, the inability of telecoms companies to access dollar easily is…
How FG’ll drive the economy relying on ICT, by Minister of Communications
The Minister of Communications, Barr. Adebayo Shittu has once again averred that the federal government is positioning the economy by leveraging on Information and Communications Technology (ICT). Represented by the Assistant chief Information officer in the ministry, Mrs. Pauline Sule…
Experts to assess, review how banks will relate with FinTech groups for growth
Come early next month in Lagos, leading banking stakeholders will meet with experts in Financial services Technology (FinTech) to look at how both sub sectors have been relating and how best they can partner for the growth of the nation’s…
AMCON surreptitiously planning to merge Arik, Aero as new national carrier—ACAP
Following the dramatic takeover of Airk Air by the Asset Management Corporation of Nigeria (AMCON) and the immediate secondment of its deputy managing director as the substantive managing director of Aero Contractors, the Association of Concerned Aviation Professionals (ACAP) has…
Dollar heading to N1,000 if CBN fails to review monetary policy framework—-Boyo
Leading Economist and finance analyst, Mr. Henry Boyo, has predicted that the naira will hit 1000/dollar on the parallel market in 2017 if the Central Bank of Nigeria (CBN), fails to review its monetary policy framework immediately. Since this year,…
Customs’ 100% examination, N9.1mn daily demurrage amount to official fraud–Importers
Nigerian importers and clearing agents have vowed to challenge the new policy of the Nigerian Customs Service (NCS) seeking 100 per cent examination of containers and N9.1mn daily demurrage in case a container stays longer grace period of four days….
Anxiety as DMO claims Nigeria not ripe for seeking debt forgiveness on N17.36tn
It was extreme shock for lawmakers’ weekend as the Director General of Nigeria’s Debt Management Office (DMO), Dr. Abraham Nwankwo announced before the Senate Committee on Local and Foreign Debts during the defence of the 2017 budget estimates of the…
Strengthening SMEs to deepen financial inclusion, best option for FG— Enajemo-Isire
The only way to grow the country’s economy and turn the challenges facing the over 17 million entrepreneurs, who are in dire need of growth and expansion to contribute effectively to the nation’s Gross Domestic Product (GDP) crippled by dwindling…
Guinness assures workers, customers, says no shaking over Pharma-Deko’s windup suit
Leading pharmaceutical group, Pharma-Deko has filed a winding-up petition against Guinness Nigeria Plc. due to N175,699, 317.99 debt, owed it by the company. But Guinness, in a joint image saving effort and loyalty boosting fire brigade mission weekend issued a…
Wastages in farm products on transit, markets highest in Nigeria—-Report
Nigeria has been described as the most African nation with record wastages on food products. A report released by the Africa Environmental & Economic Peace Mission (AEEPM) weekend in Lagos said the wastages’ usually begin from harvest point to package,…
