NGX All-Share Index ends winning streak, loses 0.31%
Today, the domestic bourse ended its five-day winning streak as the benchmark index shed 0.31% to close at 51,803.98 points. Selloff in index heavyweight, MTNN (-2.04%) as well as Tier-1 banks, ACCESSCORP (-1.60%), GTCO (-0.72%) and ZENITHBANK (-0.23%) underpinned the…
DBP: Nigeria, Japan Sign Exchange Notes On High-Speed Boat
The Federal Republic of Nigeria has signed an Exchange of Note(E/N) with the Japanese Government for an Economic and Social Development Programme involving the acquisition of High-Speed Boat to reinforce services for coastal security in Nigeria, with the Nigerian Maritime…
US SEC confirms Bitcoin is a commodity
The inevitable regulation of the cryptocurrency market is “a significant step closer” due to comments made on Monday by the U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, says Nigel Green, CEO of one of the world’s largest independent…
Compel depot owners to sell petrol at official rate, IPMAN tells FG
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Federal Government to compel private depots to sell Premium Motor Spirit (PMS) at its controlled price. Its President, Alhaji Debo Ahmed, who spoke on phone with The Nation,…
5G: Nigeria races for 4.4b global subscriptions
In line with the memorandum of information (MI) prepared ahead of the auction of two slots of spectrum in the 3.5gigahertz (GHz) spectrum set aside for early deployment of 5G technology services in the country, by the Nigerian Communications Commission…
$450m foreign airlines’ trapped funds big aviation issue –NANTA
National Association of Nigeria Travel Agencies (NANTA) has appealed to the Central Bank of Nigeria, CBN to over $450m trapped funds belonging to foreign airlines operating in the country. The association’s president, Mrs. Susan Akporiaye in a statement says, as…
Most dangerous, safest US travel destinations by cybercrime in 2022
The summertime is synonymous with the travel season. Before departing for their destination, tourists frequently assess a variety of health and physical safety precautions; however, only a few consider their online safety. In 2021, around 500,000 Americans were victims of…
Telecoms Firms’ operating cost rise by N265bn In One Year – NCC
The Nigerian Telecommunications Companies in Nigeria incurred N1.7tn as operating cost in 2021, showing an increase of N265.25bn when compared to N1.4tn recorded as operating cost in 2020. The Nigerian Communications Commission (NCC) disclosed this in its 2021 Subscriber/Network Data…
Sekibo, Obi, others harp on security, leadership for economic prosperity
The MD/CEO of Heritage Bank Plc, Ifie Sekibo and other notable Nigerians have affirmed that the apt way to boost economic prosperity and peace in the country is to start addressing leadership challenges and insecurity. Sekibo and other notable Nigerians…
Konga rolls out 10th Anniversary Sale, Celebrate Happiness
Konga, Nigeria’s leading composite e-commerce giant, has flagged off its 10th Anniversary mega sale. Tagged Celebrating Happiness Found On Konga, the Konga 10th Anniversary sale runs from June 27 – July 10, 2022, and aims to celebrate customers for partnering…
