Economy
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Buhari hails Siemens plan to train 5000 Nigerian engineers, restates commitment to power deal
Nigeria remains dedicated to the partnership with Siemens and the German government to improve electricity generation in the country, President Muhammadu Buhari pledged on Thursday in Abuja.Receiving officials of Siemens Energy AG at State House, the President urged them not to relent in ensuring that government’s commitment to Nigerians in delivering the Presidential Power Initiative (PPI) is fulfilled.The President told…
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FG orders MTN, Airtel, Glo, Etisalat to suspend 10% increase in tariff
The Federal Government has directed network service providers to reverse the unilateral upward tariff adjustment. This was contained in a statement signed by Director, Public Affairs, Nigerian Communications Commission (NCC), Reuben Muoka. The statement said that the 10 per cent increase in tariffs didn’t get the approval of the board of the NCC. “The attention of the Nigerian Communications Commission,…
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Governors assemble for broadband awareness forum
Governors from the 36 states are set to discuss how to empower the citizens with latest telecoms technologies as they partake in the maiden edition of Broadband Technical Awareness Forum for Governors (BTAF), put together by the Nigerian Communications Commission (NCC). This was contained in a statement by the Director of Public Affairs, NCC, Reuben Muoka. The programme, which takes…
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NCC disowns circulating ‘Certificate of site ownership for mass transmission antenna’
The Nigerian Communications Commission (NCC) has warned the public over a fraudulent letter, titled: “Certificate of Site Ownership”, for clearance of “Mast Transmission Antenna”, being circulated by some unidentifiable individuals, and purporting that the letter was issued by the Commission. The letter claimed that the Commission had conducted an inspection on a certain site which is for “9-Mobile Telecommunications Company…
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Dangote’s 650,000bpd refinery 97% completed, says NMDPRA
…Naira will become stronger once Refinery starts production The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has disclosed that the Dangote Petroleum Refinery, upon which the hope of the nation rests for fuel sufficiency is now 97 percent completed. The agency has also commended the work done on the project. The refinery, with 650,000 barrels per-day installed capacity is…
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FG should sell off oil and gas sector – El-Rufai
Kaduna State Governor, Nasir el-Rufai says the Federal Government should hands off the oil and gas sector and sell it. El-Rufai who was speaking at KADINVEST, an economic summit in Kaduna, on Thursday, said since the sector has failed to bring any money to the coffers of the government since the beginning of the year, there was no point holding…
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SEC urges investors to explore opportunities in capital market
Investors in Nigeria have been urged to explore the various opportunities available in the capital market in a bid to grow their businesses, create wealth and improve their standards of living. Director General of Securities and Exchange Commission (SEC), Mr. Lamido Yuguda stated this at the Maiden Gombe State Investment Summit with the theme “Industrialisation: The Pathway to Innovation, Transformation,…
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Buhari rejects Customs Act, return bill to National Assembly
President Muhammadu Buhari has returned the Customs and Excise Management Act amendment bill to the National Assembly after refusing to sign the bill into law. The President returned the bill raising observations on about 24 clauses and the schedules in the bill as passed by both chambers of the National Assembly. The President said he disagreed with Clauses 4(b), 7(2),…
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Serena Williams’s firm invests in Nigerian data provider Stears
Serena Williams’ venture capital firm is backing Nigerian data and insights firm Stears Inc. in a $3.3 million seed round led by MaC Venture Capital. The investment is one of just a handful in Africa for Serena Ventures, whose founder announced that she would turn more of her attention to investing following her retirement from tennis after the US Open…
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Only vision can limit Nigeria from becoming digital economy world leaders – Osinbajo
Vice President Yemi Osinbajo, SAN, says that Nigeria as a country has the requisite talents, creativity and acumen to become a world leader in the digital economy.He stated this on Monday at this year’s Nigeria Digital Economy Summit (NDES) with the theme “Web 3.0, Blockchain & DeFi: Impact on Africa’s Digital Economy.”He observed that with the right approach and policy,…
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