Court sides with Yahoo in data collection case
Yahoo has won a court fight that could help the public learn more about the government’s efforts to obtain data from Internet users, The Associated Press reported on Tuesday. The United States Foreign...
View ArticleOil stays near $106 ahead US inventories report
The price of oil stayed near $106 a barrel Tuesday as energy markets waited for the next United States report on crude and fuel inventories for confirmation of recent signs of increased demand, The...
View ArticleNigeria losing 400,000 barrels of oil daily –Okonjo-Iweala •Reps summon Adoke...
The nation’s economy is currently in a precarious position following the admittance of the Federal Government that estimated 400,000 barrels of crude oil are being lost daily to illegal bunkering,...
View ArticleInflation drops to six-month low at 8.4% —NBS
The National Bureau of Statistics on Tuesday released the Consumer Price Index report for the month of June, saying the country’s inflation rate now stood at 8.4 per cent. The CPI measures the average...
View ArticleMobile number portability rules may be reviewed
There are strong indications that the conditions governing Mobile Number Portability may be reviewed this month following indifference by telecoms subscribers towards its adoption. Findings by our...
View ArticleSkye Bank donates N600m ICT centre to OAU
Skye Bank Plc has donated a N600m state-of-the-art Information and Communication Technology centre to the Obafemi Awolowo University, Ile-Ife, Osun State. The Group Managing Director and Chief...
View ArticleNAMA asks telecoms firms to dismantle masts
The Nigerian Airspace Management Agency has said it has given owners of telecommunication masts situated in several locations across the country a four-week ultimatum to dismantle them or face...
View ArticleFG inaugurates broadband council
The Federal Government on Tuesday inaugurated the Broadband Implementation Council chaired by the Minister of Communications Technology, Mrs. Omobola Johnson, with a target to achieve 80 per cent...
View ArticleCBN moves to minimise bank customers’ credit risks
The Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, has inaugurated a steering committee on financial literacy to help financially excluded individuals to know, understand and access...
View ArticleShell shuts 624MW Afam VI power plant
Power generation in the country dropped further on Tuesday following the shutdown of the 624 megawatts capacity Afam VI Power Plant by the Shell Petroleum Development Company Joint Venture. Shell said...
View ArticleMobil disowns arms-laden tanker
Mobil Nigeria has denied media reports alleging that an arms-laden tanker intercepted by operatives of the Joint Task Force of the Nigeria Army in Kebbi State bore its logo. The Army had on Saturday...
View ArticleEconomic opportunities abound in C’River – Imoke
Cross River State Governor Liyel Imoke has called on youths to contribute to the development of the state by taking advantage of economic opportunities in the state. Imoke made the call during 2013...
View ArticleSmall business owners set two-point agenda for FG
The Association of Small Business Owners has called on the Federal Government to shift focus from its seven-point agenda to a two-point agenda of power supply and provision of motorable roads. This,...
View ArticleInvestment in ICT, panacea for unemployment – Ondo commissioner
Ondo State Commissioner for Budget and Economic Planning, Mr. Akin Adaramola, on Tuesday said the alarming rate of unemployment in the country would worsen in the nearest future unless government...
View ArticleBoundary commission’ll be impartial in resolving disputes – Sambo
Vice-President Namadi Sambo on Wednesday promised that the National Boundary Commission would strive at all times to remain impartial while resolving boundary disputes among states of the federation....
View ArticleGroup opposes multiple regulations in oil industry
The Oil and Gas Service Providers Association of Nigeria has opposed the provision of two regulators for the industry in the Petroleum Industry Bill. The group, in a position paper made available to...
View ArticleIPMAN promises adequate distribution of petroleum products
The Independent Petroleum Marketers Association of Nigeria has assured that its members would ensure a hitch-free distribution and retailing of petroleum products to consumers in the country. This, it...
View ArticleIoD, NSE urge compliance with reporting standards
The Institute of Directors Nigeria has called on operators in the capital market to ensure full compliance with international financial standards. The President, IoD Nigeria, Mrs. Eniola Fadayomi, made...
View ArticlePhilips brings lighting, solar solution to Nigeria
As part of efforts aimed at expanding its business in Africa with innovations that address local needs, Royal Philips has introduced its led lighting and solar solutions to the Nigerian market. The...
View ArticleAfDB approves $150m for Nigeria’s economic growth
African Development Bank on Wednesday said it had approved $150m line of credit to Fidelity Bank to fund selected projects in sectors that are critical to Nigeria’s economic growth. A statement by the...
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