Access, UBA lead other 8 banks to drive N93trn inflow to FIS, currency
Between January and November in 2017, about 10 financial institutions led by Access Bank Plc, Ecobank Nigeria Limited and Stanbic IBTC Bank Plc, facilitated investment in fixed income securities (FIS) and currency valued at N93.36 trillion on the FMDQ OTC…
Major telecoms plan recruitments to boost workforce in rural underserved this year
There are indications that Major Network Operators (MNOs) are at the verge of boosting their workforce ahead of expected rise in network expansion to drive broadband penetration and 4G consolidation across the federation. Signals received before the end of 2017…
Thursday: LASG places partial restriction of traffic for works on Pen Cinema Bridge
To accelerate the ongoing construction of Pen Cinema Flyover in Agege axis, the Lagos State Government has announced partial restriction of traffic starting from January 4, 2018. In a statement by the Permanent Secretary, Ministry of Works and Infrastructure, Engr…
Better forex access to boost manufacturers, other sectors this year— FBNQuest report
New Year report released by analysts at FBNQuest Capital Limited has indicated that seamless access to forex which started from third quarter of 2017 will among other things grow activities in the nation’s manufacturing and other import dependent sectors this…
Review of 2017 FRA needed to boost efficiency nationwide—Muruako
Acting Chairman, Fiscal Responsibility Commission (FRC), Victor Muruako, has noted that the review of the 2017 Fiscal Responsibility Act which created the commission is to undergo some levels of review as part of drive to deepen its operations across the…
Accelerate the removal of barriers in broadband penetration first, ATCON tells FG
The president of the Association of Telecommunication Companies of Nigeria (ATCON), Olusola Teniola, has called for early engagement of relevant stakeholders including states’ governors so as to quicken the removal of all identified barriers hobbling the faster penetration of broadband….
More confusion on Israeli security deal as NIMASA plans to buy new vessels
More signals showing that the hanging but controversial Nigerian waterway security deal allegedly brokered by the Nigerian Maritime Administration and Safety Agency (NIMASA), may have died on arrival have emerged. This is coming as the agency has announced its decision…
NPA suspends operation of service boats to IOCs, debtor companies
…Nigerian waterways access to Egina FPSO in doubt The expected berthing of Total’s $16b Egina FPSO at LADOL Yard in Lagos for further integration of facilities before takeoff to the high sea is now in serious doubt as the Nigerian…
South East most hit as NNPC claims taming monster of fuel scarcity
A review of the most hit region of the country in terms of sufferings’ and hardships associated with the recurring fuel scarcity has shown that the five south east states and two states in South South including Akwa Ibom and…
African economy may still be in the woods by 2032—Report
Just as a new report from London’s Centre for Economics and Business Research, has said that by 2032, Asia will be leading the world’s economies, while the U.S., Europe, and Russia are all expected to experience a significant decline, Africa…
