Venn, CEO of Spectranet explains why Nigeria’s internet speed ranked lowest in MEA
A new report by Akamai, a content delivery platform, which ranked Internet speed across Africa has revealed that Nigeria ranked among the lowest and most frustrating in the sub-Saharan Africa as Kenya lead in Africa at 12.2Mbps. Whereas Qatar, and…
Cyber attacks on Honda forces suspension of production at Japan plant
More negative effects of last month’s ransomware attack that struck hundreds of thousands of computers worldwide are still emerging. Honda Corporation on Wednesday said it had temporarily halted production at plant in Japan after it suffered a cyberattack from ransomware…
Lagos worried on delay in Buhari’s campaign pledge, seeks return of abandoned assets
Following silence over the placement of Lagos State on a special status with special allocation two years after elections, indications have emerged that the state may have lost confidence on the campaign promise of assigning special status and allocation to…
NSE recalibrates market indices to situate trading activities at Exchange
The Nigerian Stock Exchange (NSE) in Lagos on Wednesday, announced the expected review of the NSE 30, and the six sectoral indices of the Exchange. Affected indices include NSE Consumer Goods, NSE Banking, NSE Insurance, NSE Industrial, NSE Oil &…
Details emerge on how AG Dangote Construction group’ll deliver Apapa-Wharf road
Following the recent signing of the reconstruction deal of the Apapa-Wharf road weekend in Lagos between the federal government and two others including Dangote Industries Limited and Flour Mills of Nigeria (FMN), the handling company, AG Dangote has given details…
Dangote reveals how Nigeria loses over N140 bn weekly to Apapa gridlocks
Joint financier of the reconstruction of the Apapa-Wharf road and President of Dangote Group, Aliko Dangote has lauded the decision of the Federal Government to involve stakeholders in the planned redevelopment of the failed highway to the nation’s gateway and…
Scarcity looms as oil marketers urge FG to pay outstanding N720bn fuel subsidy claims
There are anxieties that the Major Oil Marketers Association of Nigeria (MOMAN) may be running out of patience on backlog of subsidy claims as it appealed to the Federal Government to pay the outstanding fuel subsidy claims to its members…
How power sector lost N1.43 bn on June 17 to gas, grid disruptions
Fresh figures statistics released by the Presidential Advisory Power Team (PAPT) overseen by the Acting President, Yemi Osinbajo on Wednesday revealed that the nation’s power sector lost about N1.43 billion to constraints associated with grid and gas in one day…
Chinese competition in construction pushing Julius Berger into oil, gas industry
Leading construction giant, Julius Berger Nigeria Plc has given hint on plans to diversifying into oil and gas industry. Construction industry pundits say the move stemmed from sustained stiff competition from Chinese construction groups which have been raking in jobs…
FG to reduce cost of fertilizer for rice farmers, silent on Morocco deal prospects
Three months after the federal government sealed a supply deal with leading fertilizer manufacturing country, Morocco, there has been nothing to show as price of the commodity remains at rooftop in Nigeria. However, the Minister of Budget and National Planning…
