An estimated 5.5 billion people are using the Internet in 2024, according to the Facts and Figures 2024 report released by the International Telecommunication Union, ITU. The Nigerian Communications Commission (NCC) is set to release a new tariff plan for operators in the telecommunications industry on December 13, 2024.The move is part of the commission’s…
The Y2025 Budget proposal, tagged “Budget of Sustainability”, as proposed by Governor@jidesanwooluthis afternoon to the Lagos State House of Assembly, has a total budget size of Three Trillion, Five Billion, Nine Hundred and Thirty Five Million, One Hundred and Ninety Eight Thousand, Four Hundred and One Naira (N3,005,935,198,401), comprising a Total Revenue of Two Trillion,…
The Minister of Aviation and Aerospace Development, Festus Keyamo, has promised to appoint a team of special marshals to monitor staff conduct and assess the general hygiene and conditions of the airports. The development aims to enhance airport hygiene and professionalism while ensuring passenger expectations are consistently met. The special marshals will be drawn from…
The Nigerian National Petroleum Corporation Limited (NNPCL) has announced the official unveiling of its latest crude oil grade, the Utapate crude oil blend, before the international crude oil market. According to the NNPCL, the development significantly boosts Nigeria’s attempts to generate revenue, produce crude oil, and promote economic progress. According to a statement released by…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has secured an agreement with Dangote Refinery to lift products directly. IPMAN National President, Abubakar Garima who announced this after a meeting of the National Working Committee of the Association said the partnership will ensure a steady, and affordable supply of PMS products nationwide. Girima said PMS, AGO,…
According to Prof. Muhammad Pate, the Coordinating Minister of Health and Social Welfare, the ministry will release the nation’s first state of health report. Prof. Pate clarified during a press conference in Abuja that the study will offer a thorough evaluation of the state of the country’s healthcare system and lay out the future course…
On Friday, the Chief Economist at SPM Professionals, Paul Alaje, called on the federal government to exercise caution when interpreting advice from global financial institutions like the World Bank and the International Monetary Fund (IMF). The exchange rate is “the elephant in the room.” Everything this administration has accomplished will be lost if the value…
By the conclusion of the second quarter of 2024, Nigeria’s total public debt stock had increased by N12.6 trillion in just three months to N134.3 trillion ($91.3 billion). This is a 10.35% growth compared to the N121.7 trillion ($91.5 billion) reported in the first quarter of this year. The devaluation of the naira, announced during…
According to the Presidency, Vice President Kashim Shettima led other Nigerian authorities in signing a Memorandum of Understanding (MoU) between Nigeria and telecom behemoth Ericsson on a 5G Innovation Lab. The agreement aims to increase Nigeria’s technological capabilities and rank it among the world’s top 5G network users in terms of productivity. Stanley Nkwocha, the…
According to Bureau De Change operators in Lagos and Abuja, the value of the naira fell on Wednesday at 1,705/dollar on the black market. Aliyu Sani, a BDC operator in Lagos, told The PUNCH that he purchased dollars at 1,695/$ and sold them for N1705. At N1,700, the pricing was lower in Abuja. According to…
