archiveJune 27, 2022

The statistics from the ‘2021 Subscriber/Network Data Annual Report’ by the Nigerian Communications Commission (NCC) has revealed that the operating costs of telecommunication companies in Nigeria has risen from N1.4 trillion in 2020 to N1.66 trillion in 2021, showing an increase of N265.25 billion. The report read in part, “Total...

    The Nigerian Immigration Service (NIS) has clarified that the man at the centre of the alleged transplant saga involving former Deputy Senate President Ike Ekweremadu and his wife, Beatrice, Nwamini David Ukpo, is actually 21 and not 15 as alleged in many media reports. The Comptroller General of...

Dangote Industries Limited (DIL) at the weekend opened an application list to raise N300 billion in medium-term debt funding from the Nigerian capital market. The money is to finance the Dangote Petroleum Refinery being built in Lagos and due for completion in the first quarter of next year. The firm,...

    Nigerian Exchange Limited (NGX), has restated its determination to provide SMEs access to investors, seeking viable returns on investments. The Chief Executive Officer, NGX, Mr. Temi Popoola made this disclosure during his keynote address at the 2022 Annual Business Luncheon organised by the Capital Market Solicitors Association on...

The World Bank has said that fuel shortage and rising inflation will likely restrain economic growth in Nigeria. It said this in the June 2022 edition of its Global Economic Prospects report. The global financial institution had projected that Nigeria’s economy would grow by 3.4 per cent in 2022 but...