5G Auction Driven by Pursuit of Better Quality of Life – Danbatta
Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Professor Umar Danbatta, has said in Lagos, that the efforts by the Commission to timely auction available spectrum for 5G services in Nigeria, is primarily driven by the pursuit to…
Agreement on Maritime Border Line between Israel and Lebanon: TotalEnergies Will Launch Exploration Activities on Block 9
TotalEnergies and its partner ENI have signed, with the State of Israel, a Framework Agreement to implement the agreement on maritime boundary which has been reached between Israel and Lebanon on October 27, 2022. In Lebanon, TotalEnergies is the operator…
Collecting Charges in USD cause of fuel crisis in Nigeria—Marketers
The Oil Marketers Association of Nigeria has urged the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Ports Authority (NPA) to obey Federal Government’s directive on Naira transactions for ports charges. This is contained in a statement by…
PTML Customs Collects N199bn In 10 Months
The Customs Area Controller of the Ports Terminal Multiservices Limited (PTML), Command of the Nigeria Customs Service (NCS), Compt. Suleman Bomai has tasked officers to uphold the tenet of compliance as the command achieved a collection of N199,468,482,842.00. The revenue…
Globacom renews Teni’s endorsement deal
Leading telecommunications and digital services provider, Globacom, has renewed its brand endorsement deal with sensational singer, Teniola Apata, popularly known as Teni, for another one year. The contract extension was signed on Tuesday, November 15, at the Mike Adenuga Towers,…
Nigeria Inflation continues uptrend for the ninth consecutive month to 21.09%
According to the National Bureau of Statistics (NBS), consumer prices maintained their uptrend for the ninth consecutive month, notching higher by 31bps to 21.09% y/y as existing challenges remain intact coupled with the impact of base effects from the prior…
Fidelity Bank Brings Best Nigerian Products to London Consumers
More than 1000 excited attendees are getting ready to explore the tastes, the fashions, and the entertainments of Nigeria at an upcoming event designed to showcase the very best in Nigerian goods and services. The Fidelity International Trade & Creative…
COP27: EIB Global, AllianzGI announce $100m for renewable energy projects
The Emerging Market Climate Action Fund (“EMCAF”) has announced today a $25 million investment into Alcazar Energy Partners II, a fund providing early-stage equity financing to develop, construct and operate renewable energy projects in the Middle East, North Africa, Eastern…
World Bank Group Plans Global Low-Carbon Hydrogen Partnership
Yesterday, Tuesday, 15 November 2022, on Energy Day at COP27, the World Bank Group announced the creation of the Hydrogen for Development Partnership (H4D), a new global initiative to boost the deployment of low-carbon hydrogen in developing countries. H4D will…
Shelter Afrique approves USD13m credit line to Mixta Africa
Pan-African housing development financier Shelter Afrique has approved a USD13 million line of credit to Lagos-based real estate firm, Mixta Real Estate PLC. The 5-year facility with a moratorium of 24 months has been structured to fund the Group’s current…
