Kenya Airways officials have tendered an unreserved apology to the Nigeria Civil Aviation Authority (NCAA) and a Nigerian passenger, Gloria Omisore, following a complaint of mistreatment during a recent flight. The airline also retracted previous statements regarding the incident, admitting fault for allowing Omisore to board a flight from Lagos without the necessary transit visa….
Minister of Communication, Innovation and Digital Economy, Bosun Tijani, has blamed cumbersome regulatory processes, limited access to devices, lack of awareness, inadequate digital literacy, and erratic power supply for the challenges the country faced in the area of affordable broadband penetration. The Minister, in his keynote entitled: The Broadband Alliance: Accelerating Our Collective Prosperity Through…
The Federal Executive Council (FEC) has approved the establishment of the Creative and Tourism Infrastructure Corporation (CTIC), a new initiative aimed at transforming Nigeria’s creative and tourism industries. The corporation, which will operate under a Public-Private Partnership (PPP) framework, is expected to generate over $100 billion for the country’s Gross Domestic Product (GDP) and create…
Nigeria’s net pension fund asset value has hit N22.25 trillion as at November 2024, growing by 1.5 per cent from N21.92 trillion recorded in October 2024. Out of the N22.25trillion recorded in November, pension fund operators invested N13.83trillion in Federal Government Securities standing as the highest investment of the fund, representing 62.15 per cent of…
A 50 per cent tariff hike in end user tariffs of telecom services in Nigeria will spur business expansion, potentially reducing poverty levels in Africa’s most populous nation, Global System for Mobile Communications Association (GSMA), has said. Its head of sub-Saharan Africa, Angela Wamola, who spoke during a virtual press conference, said private capital will…
Nigeria, Africa’s oil rich nation, has announced the commencement of the implementation of the withholding tax system. This is aimed at streamlining tax collection, enhancing compliance, and boosting revenue for critical sectors. In a statement, Collins Omokaro, Special Adviser to the Executive Chairman of the Federal Inland Revenue Service (FIRS) on Communication and Advocacy, said…
Ikeja Electric (IE) Plc has warned that it will no longer support the Unistar card meter and other outdated card meters under the Federal Government’s Meter Acquisition Fund (MAF) scheme. The utility firm, in a public notice on to its customers, warned that its technology might no longer support the Unistar card meter and any…
First City Monument Bank (FCMB) is making dreams come true with its Millionaire Promo Season 10. The first draw, held nationwide on January 15, 2025, saw four lucky customers walk away with N1 million each, while 900 others received cash prizes up to N50,000. The new millionaires are Issa Aliyu, a farmer from Ilorin, Kwara…
Between 2014 and 2024, Nigeria, Africa’s largest economy, earned $305billion as revenue inflows from the oil and gas sector according to the Nigeria Extractive Industries Transparency Initiatives (NEITI). It disclosed this when its executive secretary/national Coordinator, Dr Orji Ogbonnaya Orji appeared before the Senate Public Accounts Committee (SPAC) in Abuja. According to Orji in his…
