The Securities and Exchange Commission (SEC) has reiterated its ban on the Crypto Bridge Exchange (CBEX), operating under the corporate identity of ST Technologies International Ltd., in Nigeria. This is as the promoters of the platform are seeking for court bail from the custody of Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC)….
The Lagos State, Glovo and She Code Africa have partnered to empower women in an effort to the state government, through the Ministry of Commerce, Cooperatives, Trade, and Investment, led by Mrs. Folashade Ambrose-Medebem, and the Ministry of Science and Technology, led by Dr. Olatubosun Alake, has celebrated the graduation of 100 women from the…
The Nigeria Extractive Industries Transparency Initiative (NEITI) has urged oil companies operating in Nigeria to prioritise the development of their host communities. NEITI’s Executive Secretary, Dr Orji Ogbonnaya Orji, made the call at the official presentation of a Policy Brief on three per cent Operating Expenses (OPEX) for Host Communities on Thursday in Abuja. The…
Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has advised oil and gas industry stakeholders in Africa to institute an Africa-wide local content framework that would harmonise policies and foster cross-border partnerships. He said such a framework would allow African nations to leverage collective strengths for mutual prosperity, arguing that…
By Monijesu Ogunojuwo Chairman/CEO of General Transport Policy (GTP), Dr. Segun Musa, has elaborated on the role of the National Single Window system in achieving President Bola Tinubu’s lofty goal of a $1 trillion economy. He emphasised that while the platform is a vital tool for economic and security synergy, it is not, in itself,…
Telecom operators have rejected the call for mass action called by the organised Labour the Nigerian Labour Congress (NLC). The mobile network operators (MNOs) also said they have shared their tariff templates with the Nigerian Communications Commission (NCC) with a view to getting approval before implementation. The telcos argued that the NLC leadership ought to…
An oil marketing group, Independent Petroleum Marketers Association of Nigeria (IPMAN), has advised Nigerians not to fret over potential hike in the pump price of petrol as the prices of crude oil rallies in the international market. Its National President, Mr Abubakar Shettima assured that members of the association will continue to serve the masses…
Following the increase in the ex-depot price of premium motor spirit (PMS) or petrol to N950 per litre from the previous N909 per litre by depot owners, there is now a surge in oil marketers seeking to key into the bulk-purchase agreement incentives being offered by the Dangote Petroleum Refinery. The refinery, which has pegged…
The demise of infrastructure companies (InfraCos), lack of commitment by some of the various government agencies tasked with driving the National Broadband Plan (NBP 2020-2025), delays in project approvals, asphyxiating tax regime and others may derail the ambitious targets of the plan, according to investigation. Nigeria’s broadband penetration rate has unexpectedly declined, casting doubt on…
