The total number of active mobile subscribers reached 210 million in August 2022 from 208.6 million in July, with a teledensity of 109.99 per cent. Internet subscribers also exceeded 152.2 million, with broadband penetration standing at 44.65 per cent. The Executive Vice Chairman/Chief Executive Officer of, Nigerian Communication Commission (NCC), Prof Umar Danbatta, who was represented by the Director of, Consumer Affairs Bureau, Efosa Idehen disclosed this at the NCC Day during the 17th Abuja International Trade Fair. According to Danbatta, in this new environment, the competitiveness of Nigeria’s SMEs depended on the ability to leverage new technologies by acquiring…
Author: Elvis Eromosele
Monday, October 10, 2022, has been declared a public holiday by the Federal Government of Nigeria. It commemorates this year’s Eid-el-Maulud, the celebration of the birth of the Holy Prophet Muhammad. Minister of Interior, Ogbeni Rauf Aregbesola, who made the declaration on Thursday, congratulated all Muslims at home and in the Diaspora for witnessing this year’s occasion. In a statement signed by the Ministry’s Permanent Secretary, Shuaib Belgore, Aregbesola admonished all “Nigerians to imbibe the spirit of love, patience, tolerance and perseverance which are deep spiritual virtues and which the Holy Prophet Muhammad exemplified, adding that doing so would guarantee peace,…
The Governor of Lagos State, Mr. Babajide Sanwo-Olu has affirmed that his development blueprint, T.H.E.M.E.S Agenda has been critical in maintaining social equilibrium and harmony in the State. Sanwo-Olu, who spoke during the celebration of the 2022 World Habitat Day held on Tuesday at the Adeyemi-Bero Auditorium, Alausa, said that his Administration’s programme had focused on inclusiveness and bridging the social divide across sectors, in line with the theme of the 2022 World Habitat Day: “Mind the Gap. Leave No One and No Place Behind”. The Governor, who was represented at the event by the Secretary to the State Government,…
In a bid to boost the supply of raw materials for the State owned Coconut Oil factory, Governor Udom Emmanuel has flagged off additional 300 thousand seedlings to be planted across the state. At the event to mark the state’s 2022 Coconut Day Celebration on Tuesday at Mkpu, Itu Mbonuso, Ini Local Government Area, the Governor described the coconut planting exercise as the hallmark of activities held to commemorate the 35th anniversary of the state. He expressed optimism that the State will become an economic hub with the availability of raw materials to boost production at St Gabriel’s Coconut Oil…
Ahead of the commissioning and operation of the 32-metric tons per hour Rice Mill in Imota, Ikorodu, Lagos State Government has handed over the management of the facility to a private investor for efficient running. Governor Babajide Sanwo-Olu, on Wednesday, presided over the ceremony where officials of the State Government signed a Memorandum of Understanding (MoU) with WACOT Rice Limited, a subsidiary of TGI Group. The private firm is to provide operational support and manage the mill for nine months in the first instance through Joint Venture. The partnership is subject to renewal subsequently. Sanwo-Olu is expected to hand over…
Nigerian Exchange Limited (NGX) has announced the listing-by-introduction of Geregu Power Plc (“GEREGU”) on the Main Board of The Exchange on Wednesday, October 5, 2022. A total of 2.5 billion ordinary shares of Geregu were listed at N100 per share, under the Utility sector and Electric Power Generation sub-sector of NGX, with the trading symbol, GEREGU. Geregu Power, a leading power generation company (GenCo) in Nigeria, is the first GenCo to be listed on the NGX Main Board, a listing segment for well-established companies with demonstrable records of accomplishments. A statement from the Exchange said the listing of Geregu’s shares…
The Nigerian Senate has confirmed all 19 nominees appointed by President Muhammadu Buhari as Resident Electoral Commissioners (RECs) for the Independent National Electoral Commission (INEC). The nominees were confirmed following the overruling of petitions against some of the nominees on Wednesday during plenary. President Buhari had in July forwarded the names of the nominees to the senate seeking their confirmation pursuant to Section 154 (1) of the 1999 Constitution Nigeria (as amended). Following the nomination of 19 Recs by Mr. Buhari, a group of civil society organizations (CSOs) accused some of the nominees of being partisan. There had been calls…
The Vice President of Nigeria, Professor Yemi Osinbajo has admonished African states to prioritise strategies for the sustainable development of Africa’s blue economy. Osinbajo stated this in Abuja on Wednesday, at the 4th edition of Africa’s Deep Seabed Resources (ADSR) Sub-Regional Workshop on the imperative of supporting Africa’s Blue Economy. The workshop was organised by the International Seabed Authority in collaboration with the National Boundary Commission, Transport Ministry, Nigerian Maritime Administration and Safety Agency (NIMASA), the Navy and other MDAs. The International Seabed Authority implements the ADSR project in partnership with the African Union, as well as the Norwegian Agency…
The Nigerian government has sued Meta, owners of Facebook, Instagram and WhatsApp platforms, over ‘unapproved’ adverts. Nigeria is seeking N30bn in sanction for the violation of the country’s advertising laws and for loss of revenue as a result of “Meta Incorporated’s continued exposure of unapproved adverts on its platforms,” The Advertising Regulatory Council of Nigeria (ARCON), the apex regulatory body for Nigeria’s advertising industry, said in a statement this week that it has lodged a suit against Meta Platforms Incorporated and its agent AT3 Resources Limited at the Federal High Court, Abuja Judicial Division. The statement reads: “ARCON is seeking…
President Muhammadu Buhari is set to present the 2023 appropriation bill of N19.76 trillion to a joint session of the national assembly on Friday, October 7, 2022. The is contained in a communication from Buhari to the two chambers of the National Assembly read by the Senate President, Ahmad Lawan, during Senate plenary on Tuesday. Buhari told the federal lawmakers that he would be at the nation’s apex legislative complex by 10:am to address a joint session and present the fiscal document. Lawan urged his colleagues to converge on the temporary chamber of the House of Representatives by 9:am on…