BUSINESS

Etisalat Nigeria set to unveil ‘9mobile’ as new brand name today, explains concept

Emerging Markets Telecommunication Services Limited (EMTS), the former operators of Etisalat in Nigeria, on Tuesday confirmed changing its brand name to 9mobile — and it is now due for official unveiling on Wednesday. Kokomansion Media reported a change in the ...

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FULL DETAILS: What each state got as FG releases another tranche of Paris Club refund

Governors Forum

A statement from the ministry of finance revealed that a second tranche of Paris Club refund has been given to states by the federal government. In the breakdown given, it was said that the payments, which totalled N243,795,465,195.20 were made ...

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FG gives Ondo licence to mine Bitumen

Nigeria’s Federal Government on Tuesday announced the award of a licence to Ondo State Government to mine its rich deposit of bitumen, said to be one of the largest in the world. The Minister of Mines and Steels Development, Dr. Kayode ...

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CBN injects another $195m into Forex market

The Central Bank of Nigeria (CBN) has intervened in inter-bank Foreign Exchange Market with the supply of $195 million as an effort to stabilise the market. According to the acting Director, Corporate Communications of the apex bank, Mr Isaac Okorafor, ...

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Lai unveils $1m venture capital for creative industry

Nigeria’s Minister of Information and Culture, Alhaji Lai Mohammed, on Monday announced the establishment of a $1m venture capital to boost the Nigerian creative industry. The minister stated that the $1m venture capital would provide seed money for young and ...

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Nigeria’s inflation drops to 16.10 % in June – NBS

The National Bureau of Statistics (NBS) said that the country’s inflation as measured by Consumer Price Index (CPI) further dropped to 16.10 per cent in June from 16.25 per cent in May. The NBS made this known in its CPI ...

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We now produce five million litres of kerosene daily – NNPC

The Nigerian National Petroleum Corporation (NNPC) says the three refineries in Port Harcourt, Warri and Kaduna now produce five million litres of kerosene daily. This, according to it, represents more than 60 percent of the national daily consumption requirement of ...

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Internet users in Nigeria now 91 million – NCC

The Nigerian Communications Commission says in the country internet users increased from 90,124,428 in April to 91,565,010 in May, an increase of 1,440,582. The telecommunications industry regulator made the disclosure in its Monthly Internet Subscribers Data obtained by the News ...

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Customs warns fraudulent bidders to stay off e-auction platform

The Nigeria Customs Services (NCS) is warning fraudulent bidders involved in making unrealistic bids to stay off its e-auction platform or risk prosecution. The Customs Public Relations Officer, Mr Joseph Attah, told the News Agency of Nigeria (NAN) on Friday ...

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Nigerian SMEs Rejuvenates At RedStar SME 1000

Determined to rejuvenate and strengthen SMEs in the country while also bridging the logistics gap for SMEs, Red Star Express hosted small start-up owners at the SME 1000 workshop. Tagged ‘Breaking Boundaries, the event was intended to serve as a ...

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