Nigeria borrows N1.48tn via bonds in Q1 2022
The Nigerian government borrowed N1.48tn from bond investors through Federal Government bonds between January and March 2022, an analysis of the FGN Bond Auction results available on the website of the Debt Management Office, showed. Within the period under review, bond oversubscriptions hit N1.03tn, indicating the investors’ increasing appetite for FGN bonds. A look at […]
Development of prepaid meter to commence in Nigeria
The National Agency for Science and Engineering Infrastructure and Momas Electricity Meter Manufacturing Company has signed a Memorandum of Understanding for the development of smart prepaid meters in Nigeria. According to a statement released by MEMMCOL on Friday in Lagos, the agreement was signed on Thursday in Abuja by Mr Kola Balogun, Chairman of MEMMCOL, […]
Telcos consider tariff hike as diesel price shoot up
Telecommunications service providers under the auspices of the Association of Licensed Telecoms Operators of Nigeria have stated that if the price of fuel continues to climb, a pricing review for telecom services may be implemented. Gbenga Adebayo, the Chairman of ALTON, said this in an interview. According to him, the telecommunications industry is one of […]
FG tells Google, Apple to deactivate ‘illegal’ online banks, loan apps
Google LLC (Play Store), and Apple Inc. (Apple Store) have been ordered by the Federal Government to deactivate unauthorised online banks and loan applications. Nigerian government gave the order through the Federal Competition and Consumer Protection Commission, FCCPC. The agency requested Google and Apple to delete the applications where evidence has shown inappropriate activities or […]
Oil prices surge towards $120 per barrel
Crude Oil prices has surged toward $120 per barrel on the decisions of the Organisation of Petroleum Exporting Countries, OPEC. This is happening after continued invasion of Ukraine by Russia, leading to nations shuning Russian crudes. Specifically, the prices of Bonny Light, Brent, WTI, rose to $107, $111 and $112 per barrel, from $98, $104 […]
Ukraine launches ‘IT army,’ takes aim at Russian cyberspace
As Ukraine continues to make efforts to mobilize and equip ordinary citizens on the ground to resist Russia’s unprovoked invasion of the country, those who are outside Ukraine who wants to help are being asked to get involved in the fight in the virtual world. While the G7 (today with the addition of Japan) mobilize to shut […]
NERC to launch power complaints app
The Nigerian Electricity Regulatory Commission (NERC) has said it would soon launch a power outage reporting application aimed at addressing complaints on power outages across the country. Dr Musiliu Oseni, the Vice-Chairman, NERC, disclosed this on Wednesday at the inauguration of Ogun Complaints Forum Office, located at Ibara Housing Estate, Abeokuta. Oseni said the app […]
EFCC arrests 31 over alleged internet fraudster in Benin
Operatives of the Benin Zonal Command of the EFCC, on Monday February 21, arrested 31 suspected internet fraudsters at their hideouts in Benin. The commission disclosed this in a statement on its Facebook page. “The suspects are Chukwu Onyekachi, Augustine Omokaro Isreal, Franklin Ozoma, Kelly Osaretin, Uyi Eric, Aruna Charles Destiny, Osakpalor Joseph, Ogiamon Nosa, […]
Court declines Kyari’s prayer to be freed from NDLEA custody
A Federal High Court in Abuja has refused the prayer by the detained Deputy Commissioner of Police (DCP), Abba Kyari, to order for his release from the custody of the National Drug Law Enforcement Agency (NDLEA). Caracal Reports had earlier reported that Kyari, in suit filed against the Federal Government, had asked the court to […]
Kogi government approves N30,000 minimum wage
Kogi State government has approved the implementation of N30,000 as minimum wage for the workers in the state. This was revealed by the secretary to the State Government, Folashade Arike Ayoade after an extensive meeting with the organised labour in Lokoja. She blamed the delay in the implementation on the inability of the committee to meet regularly […]