AfDB: I have not violated the Code of Conduct – Adesina responds to query
AfDB President, Nigeria’s Dr. Akinwunmi Adesina has dismissed allegations of misconduct against him, insisting he did nothing wrong. He said “every single one of the 16 allegations against me in…
Broadband: NCC suspends Spectrum Trading Guidelines 2018
The Nigerian Communications Commission (NCC) has suspended the Spectrum Trading Guidelines 2018 for the Nigerian telecommunications industry. A statement signed by Dr Henry Nkemadu, Director, Public Affairs, NCC, on Wednesday…
NNPC: Our recent appointments based on merit, competence
The Nigerian National Petroleum Corporation (NNPC) says professional competence, adherence to the principle of transparency and accountability informed the recent top management appointment effected in the first week of March….
Lagos BRT promoter in huge debt, buses may withdraw services next week
Primero Transport Services Ltd., operator of the Lagos Bus Rapid Transit (BRT) may withdraw its services on May 25, due to logistics problems including huge debt allegedly owed suppliers of…
Nigeria loses as English court throws out Shell-Eni OPL 245 bribery case
An English court threw out a $1.1 billion case Nigeria had brought against Royal Dutch Shell and Eni related to a dispute over the OPL 245 oilfield popularly called Malabu…
E-learning: FirstBank partners Lagos State, targets 1m students
First Bank of Nigeria Limited says it is targeting one million students in free e-learning solutions platform in partnership with Roducate and Lagos State Government. Dr Adesola Adeduntan, the bank’s…
Finance minister says Nigeria’s economy could shrink -8.94% in worst case scenario
Nigeria’s economy could shrink as much as -8.94% in 2020 in a worst-case scenario without stimulus, Finance Minister Zainab Ahmed said on Thursday, a deeper recession than forecast after oil…
COVID-19: States to get $1.5bn stimulus from World Bank — NEC
The World Bank has a proposal of 1.5 billion dollars to states as part economic stimulus to cushion the impact of the COVID-19 pandemic, says Minister of Finance, Zainab Ahmed….
Osinbajo leads NEC in virtual meeting: Post-Covid-19 economy tops agenda
Vice President Yemi Osinbajo on Thursday, presided over the first ever virtual meeting of the National Economic Council (NEC) at the Presidential Villa, Abuja. Details of the meeting were sketchy…
Dangote Cement, Zenith Bank, others push market capitalization by N130bn
Sentiments remained positive on the Nigerian Stock Exchange (NSE) on Wednesday, with the market capitalisation growing by N130 billion due to gains by Dangote Cement. Specifically, the market capitalisation inched…