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Petroleum Products: Nigeria loses N15.71bn to vandalism in 2020 – NNPC
Amid continued pipeline vandalism in the country, petroleum products worth were lost last year, according to the Nigerian National Petroleum Corporation. Data obtained from the NNPC showed that petroleum products…
FBN Holdings settles shareholders with N16.15b dividend
By Ngozi Onyeakusi--- FBN Holdings Plc shareholders has declared a total dividend of billion for the financial year ended Dec. 31, 2020. The shareholders approved the dividend at the company’s…
Tension as Boko Haram hoist flag in Niger
…conquer 50 villages, as over 4,569 villagers relocate to IDP camps IDPs in MINNA camp There is a great fear and worries in Niger state following the Governor Abubakar Sani Bello…
Interview With IPOB: FG Fines Channels TV
The National Broadcasting Commission, slammed a heavy fine on one of Nigeria’s foremost news stations, Channels Television. NBC is demanding N5 million from the station for breaching the broadcast code.…
Fresh electricity tariff hike looms in Nigeria as NERC concludes ‘extraordinary review’
The Nigerian Electricity Regulatory Commission (NERC) says it is concluding the Extraordinary Tariff Review process for the 11 Electricity Distribution Companies (DisCos). NERC, which is the regulator of Nigeria’s power sector, made…
Vodacom, MTN seal deal to enter Ethiopia
Ethiopia has received bids for telecommunications licences from MTN Group and a consortium led by Vodafone Group, according to Brook Taye, an adviser in the finance ministry. “We always wanted quality…
Proposed New Measures by The African Telecommunications Union and Ericsson Set to Expand Africa’s ICT Space
African Countries and telecommunications stakeholders have today launched the first set of ATU spectrum recommendations that focus on transforming Africa into a knowledge economy through the development of technologies that…
World Bank tasks Nigeria Governors on digital tax collection
The World Bank has advised Governors to adopt a digital tax collection method to reduce revenue leakage and borrowing from international financial institutions. The country representative of the World Bank…
Access Bank acquires BancABC Botswana
MD, Access Bank, Herbert Wigwe By Ngozi Onyeakusi --- Access Bank, Nigeria’s biggest lender by customer base, says it has entered into a definitive and binding agreement with ABC Holdings regarding…
Premium Pension investment assets soars to N674 billion
A pension fund administrator (PFA), Premium Pension Limited, has recorded an assets under management (AUM) growth to billion last year, from billion in 2019. This was disclosed by the chairman,…
