Ex-senator calls for establishment of food intelligence agency

Ex-senator calls for establishment of food intelligence agency

A former Senator, who represented Ebonyi Central Senatorial Zone, Emmanuel Onwe has called for the establishment of the proposed Food Intelligence Agency to support the recent Federal Government declaration of emergency in food production and security. Onwe made the call on Sunday in Enugu while briefing journalists on his Open Letter to President Bola Tinubu, titled, “Declaration of a State of Emergency on Food Security and ‘Commodification of the Naira […]

May 20, 2024 9

BUSINESS

Telcos paid over N2tn tax in 2023 – Report

Telecommunication companies paid N2.4tn tax to the Nigerian government in 2023, despite struggling to attract investments, a digital economy report from the Groupe Special Mobile Association According to the report, the sector generated about N33tn, representing 13.5 per cent of the country’s gross domestic product. It highlighted the importance of the telecommunications sector to Nigeria’s economy, with the potential for even greater growth and development in the next 3–5 years. “The […]

May 20, 2024 12

BUSINESS

Nigeria eyes 10,000MW hydropower for sustainable electricity

While acknowledging the immense potential for hydropower development in Africa, he said it is important to also consider responsible development. He said, “We must address environmental concerns around dam construction and ecosystem disruption, alongside social impacts on local communities. This requires a commitment to sustainability, stakeholder engagement, and innovative solutions to financing these large-scale projects.” The minister previously stated that for several decades, hydropower has played a significant role in […]

May 16, 2024 6

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BUSINESS

I wasn’t involved in contracts during my father’s administration – El-Rufai’s son

The member of the House of Representatives representing Kaduna North Federal Constituency, Bello El-Rufai, has said that he was not involved in the award of contracts during the tenure of his father, Nasir El-Rufai, as the governor of Kaduna State. Bello stated this in an interview hosted by Yaya Abba, titled, ‘With Shuraim.’ The former governor served as the Minister of the Federal Capital Territory from 2003 to 2007 under […]

May 14, 2024 15 2

BUSINESS

BREAKING: Workers stranded as labour pickets Jos DisCo, NERC

Members of the Nigerian Labour Congress in Plateau State and the Trade Union Congress on Monday blocked the entrance of the headquarters of Jos Electricity Distribution Company in Jos, the state capital. The Nigerian Electricity Regulatory Commission offices located at the Gold and Base axis in Jos were also picketed by the union members, leaving their workers stranded. The State Chairman of the NLC, Eugene Mangji, who led the union […]

May 13, 2024 27

BUSINESS

FG, Nokia sign pact on youth empowerment

The Federal Government has signed a Memorandum of Understanding with Nokia Solutions and Networks Nigeria to upskill young Nigerians in the latest 4G and 5G radio and transmission technologies. The partnership aims to equip Nigerians with the necessary skills to excel in the rapidly evolving telecommunications sector, according to a statement from the Nigerian Communications Commission. The MoU was signed by the Minister of Communications, Innovation, and Digital Economy, Dr […]

May 13, 2024 5

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BUSINESS

FG woos global investors for 17 oil blocks

The Federal Government, on Tuesday, offered 12 oil blocks and five deep offshore assets for sale as it marketed the assets to global oil sector investors at the ongoing 2024 Offshore Technology Conference in Houston, United States. Speaking at the African Oil Industry Opportunities Session, a side event at the 2024 Offshore Technology Conference, the Chief Executive, Nigerian Upstream Regulatory Commission, Gbenga Komolafe, told investors at the gathering that Nigeria […]

May 8, 2024 13 2

BUSINESS

Dollar speculation: FG rubbishes Binance CEO’s bribery allegation

The Federal Government on Tuesday vowed to pursue the criminal case against the crypto platform, Binance, and its officials, to a logical end. Speaking against the backdrop of a bribery allegation made by the Binance Chief Executive Officer, Richard Teng, in a blog post published by the New York Times, top officials of the President Bola Tinubu administration described as false and unfounded the accusation that some individuals demanded $150m […]

May 8, 2024 13

BUSINESS

Lagos-Calabar highway: Telcos fear shutdown as construction threatens cables

•Undersea fibre cables linking Europe to Nigeria pass through construction corridor – ALTON, ATCON Barely 48 hours after Multichoice alerted subscribers to a three-day technical downtime, telecommunication companies have expressed concern over possible connectivity disruptions as construction advances on the 700km Lagos-Calabar Coastal Highway. While the DStv and GOtv owner acknowledged the anticipated impact of the ongoing Lagos-Calabar construction project on their uplink facilities, telcos on Sunday expressed broader concerns […]

May 6, 2024 6

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