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

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 10

BUSINESS

Blockchain’s industry meeting with SEC DG rescheduled

The proposed meeting between stakeholders in the blockchain industry and the Director General of the Securities and Exchange Commission, Emomotimi Agama, has been rescheduled. The virtual meeting earlier scheduled for 10 am on Monday has been moved to 2:30 pm. This was disclosed in an email sent to our correspondent early Monday signed by the Public Relations Officer of Blockchain Industry Coordinating Committee of Nigeria, Kue Paul. The meeting is […]

May 6, 2024 7

BUSINESS

Govt borrows N11tn via bonds, T-bills in four months

The Federal Government has raised a total sum of N11tn through auctions and sales of Treasury bills and saving bonds issuance in four months, according to findings by The PUNCH An analysis of bonds and bills results issued this year by the Central Bank and the Debt Management Office showed that the government had raised N3.1trn in FGN bonds and 7.92trn in T-bills between January and April 2024, totalling N11.2trn. These […]

May 3, 2024 9

BUSINESS

Oyo nurses threaten indefinite strike, issue 14-day ultimatum

The Oyo state council of the National Association of Nigeria Nurses and Midwives has threatened to embark on an indefinite strike if their demands are not met in 14 working days. The council in a letter addressed to Governor Seyi Makinde on Thursday, May 2, 2024, stated that the resolution was made after its state executive council meeting held on Tuesday on issues affecting the welfare and career progression of […]

May 3, 2024 29

BUSINESS

A’Ibom gives physically challenged entrepreneur, others N400m grant

A physically challenged entrepreneur from Akwa Ibom State, Mr Jones Okon Akpan, along with 779 others has been awarded a N400 million business grant by the State Government. This grant was part of the Entrepreneurship Accelerator Programme initiated by state Governor, Umo Eno. During the presentation ceremony held at the Government House Banquet Hall in Uyo, Eno who was moved by compassion directed that Akpan be provided with appropriate mobility […]

May 3, 2024 15

BUSINESS

Govt palliative worsening food inflation, says Cardoso

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that the huge purchase of foodstuffs by the government as palliatives is contributing to the galloping food inflation in the country. He stated this in his contributions during the March Monetary Policy Committee, which was published on the website of the CBN. The MPC increased the benchmark interest rate to 24.75 per cent, from 22.75 per cent. The […]

May 3, 2024 2

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BUSINESS

Coastal highway: What we built in six years was demolished in six hours – Landmark

A part of Landmark Beach on Victoria Island, Lagos on Monday was demolished to give way to the Lagos-Calabar Coastal Highway, Nigeria’s biggest public infrastructure project. This is despite the outcry in some sections about the potential jobs and means of livelihood that will be lost. Meanwhile, the Minister of Works, Dave Umahi, while defending the demolition noted that the move was necessary considering the landmark centre was located on […]

May 1, 2024 55 1

BUSINESS

Dangote refinery gets valid operating licence soon – FG

The Federal Government, on Tuesday, announced that it was set to issue a fully valid operating licence to the 650,000 barrels per day capacity Dangote Petroleum Refinery. It announced this at the Stakeholders’ Consultation Forum on Midstream and Petroleum Host Community Development Trust Regulations organised by the Nigerian Midstream and Downstream Petroleum Regulatory Authority in Abuja. The NMDPRA, an agency of the Federal Government, however, explained that though it had […]

May 1, 2024 42

BUSINESS

Drama as outage disrupts power minister’s speech at N’Assembly

Drama played out on Monday when power supply was seized as the Minister of Power, Adebayo Adelabu, was speaking at the National Assembly. Adelabu was fielding questions from senators at the investigative hearing on “the need to halt the increase in the price of electricity” organised by the Senate Committee on Power. Power was, thereafter, restored in less than five minutes. Speaking about the power interruption, the Chairman of the […]

April 30, 2024 39

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