Nigerian maritime operators have spent N1.096trillion on vessels in the last 5 years: Wabote
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has called on stakeholders in the maritime industry to take advantage of the opportunities in the sector, saying the amount operators spent on marine vessels was $3.047 billion (N1.096 trillion) over the period 2014-2018. Speaking... Read more
Nigeria has the fastest growing population of millionaires in the world
Economic powerhouses like the United States, China and Japan may be home to the highest proportion of the world’s wealthy, but when it comes to minting new millionaires, opportunities abound in some surprising places. That’s according to a new report from wealth research firm Wealth-X, which found that the... Read more
Yahoo boy sentenced to 12 months in prison for defrausing a foreigner of $140,000
The Economic and Financial Crimes Commission, EFCC, Benin Zonal Office on Wednesday, January 16, 2019 secured the conviction of one Onovo Osita Malachy at the Federal High Court sitting in Benin City, Edo State. The convict was arraigned on a one-count charge bordering on obtaining by false pretence. He... Read more
Porting: Telecoms operators  lose 69,469 subscribers in 2018
The quartet of MTN, Globacom, Airtel and 9Mobile lost about 69, 469 subscribers in number porting activities in the first 11 months of 2018. Going by the statistics obtained from the Nigerian Communications Commission (NCC), MTN lost 16,457 customers; Globacom 17, 943; Airtel 16, 852 and 9Mobile 17,509. The... Read more
Access Bank and Diamond Bank get CBN, SEC approval for merger
Access Bank and Diamond Bank Plc have obtained approval in principle from the Central Bank of Nigeria(CBN) and the Securities and Exchange Commission(SEC) on their proposed merger plans. The two banks met yesterday, and gave an update on their merger plans as well as key issues pertaining to the... Read more
Failure rate for technology start-ups is about 75%: Leo Ekeh
The Chairman of Zinox Group, Leo Ekeh said yesterday that the failure rate of technology start-ups in the country was about 75 per cent. Ekeh, who acquired online shopping outfit, Konga said that the start-ups failed because they talked more than providing the content, as a solution to a... Read more
More companies adopting 5G Internet
More companies are sharing ambitious plans about how we’ll live in a 5G world. The CNN reports that at CES, the annual tech convention in Las Vegas was filled with demos highlighting the potential of next generation of Internet speed. 5G could make the process of loading websites, downloading... Read more
NCC moves to protect subscribers as Teleology pulls out of 9Mobile
Worried about last week’s pulling out of Teleology Holdings from 9mobile, the Nigerian Communications Commission (NCC) at the weekend said it has taken steps to address the issue in the interest of subscribers, investors and the Nigerian economy. The Executive Vice Chairman of NCC, Prof. Umar Garba Danbatta, who... Read more
Remita commences sale of JAMB forms
In preparation for the 2019 Unified Tertiary Matriculation Examination (UTME), Remita, a leading electronic payment platform, has commenced the sale of the forms. This is coming on the heels of the 2019 UTME ePIN and form sales by the Joint Admission and Matriculations Board (JAMB) which commenced Thursday. Chief... Read more
DPR gives illegal filling stations three-month ultimatum
The Department of Petroleum Resources on Thursday declared that it had given a grace period of three months for all illegal filling stations and gas plants to regularise their facilities or face the full wrath of the law. It disclosed this in Abuja as the Nigerian National Petroleum Corporation... Read more