A Nigerian official has said the nation is committed to increasing the current coverage of the active mobile broadband subscription per 100 persons from 20.95 per cent to 50 per cent by 2020. Bolaji Akinremi, Minister Plenipotentiary, Permanent Mission of…
Intels Seeks Amicable Resolution to Pilotage Contract Imbroglio
. The company’s General Manager Legal, Mr. Mike Epelle, while giving an update on the matter yesterday in Lagos, said as a matter of policy, they would rather explore an amicable solution to the impasse. This is just as he…
Blue economy, electricity supply, others dominate economic summit
Nigerian Maritime Administration and Safety Agency (NIMASA) Director-General Dr. Dakuku Peterside hit the nail on the head at the 23rd Nigerian Economic summit. The time to take advantage of the oceans and boost the economy was now, the NIMASA…
NIPOST will soon begin banking services – Official
The District Manager, Nigeria Postal Service (NIPOST), Ilorin, Mr Godwill Magulike, said on Friday that the agency would soon introduce agency banking services in its operation. Magulike told the Newsmen in Ilorin that the agency’s banking services would enable Nigerians to send…
Pension fund assets rise by N862bn
The latest report on the Nigerian pension fund administration, which was released on Thursday by the National Bureau of Statistics and the National Pension Commission, indicated that the country’s pension fund assets increased by N862bn to N6.164tn as of December…
16 more millionaires emerge in Sterling Bank savings scheme
Sterling Bank Plc, your one-customer bank, has produced 16 another set of millionaires in its on-going savers reward promo initiated to reward customer loyalty and encourage savings culture among Nigerians. At the end of the third draw held in Lagos…
World Bank lowers India’s growth forecast
India’s GDP may slow from 8.6 per cent in 2015 to 7.0 per cent in 2017 because of disruptions by demonetisation and the GST, the World Bank has forecast and warned that subdued private investment due to internal bottlenecks could put downside pressures on the country’s potential…
Operators should target fund raising for infrastructure projects —Stanbic IBTC
The Chief Executive, Stanbic IBTC Stockbrokers Limited, Mrs. Titi Ogungbesan, in this interview spoke on the need for big ticket listings on the Nigerian Stock Exchange, NSE, infrastructure deficit financing, and role of market operators in attracting investors to…
Dangote Cement declines bid on SA firm
Dangote Cement Plc, Nigeria’s most capitalised quoted company and Africa’s largest cement producer, at the weekend stepped down from its much-publicised bid to acquire the share capital of PPC Limited-a South African leading cement firm. In a regulatory filing at…
Investors gain N143bn as 31 stocks appreciate
Investors in the country’s equities market on Thursday recorded N143bn advancement on their holdings at the close of trading on the floor of the Nigerian Stock Exchange. A total of 31 gainers emerge, while 14 stocks declined. Investor sentiment…