News Reports

Nigerian oil company, Oando. [Photo credit: Guardian Newspaper]

Oando Saga: Operators want firm, holistic regulatory handling to protect investors

An operator urges the Federal Government to intervene in the matter to safeguard investors’ confidence in the capital market.

High tension electric powerlines

GenCos release 3,919MW of electricity on June 3 — Report

It said 1,808MW was not generated due to unavailability of gas.

Boko Haram: Displaced women turn to cashew in Abuja, and are ‘making it’

The women at the Abuja IDP camp say they have found a new means of livelihood.

First Bank ATM used to illustrate the story.

Sallah: Bank customers decry poor network, insufficient funds in ATMs

Many customers were seen stranded and on long queues at ATMs, waiting to make different transactions.

Afam Ezekude, head of the Nigerian Copyright Commission. Photo: COSON

Why mobile broadband is better than fixed broadband – NCC

The NCC said it has been preparing the country for the adoption of 5G technology.

Godwin Emefiele, Governor of Central Bank of Nigeria (CBN)

Emefiele sets agenda for second term in office

Mr Emefiele said he would unfold a new road map for the CBN and the economy next week.

Oando workers at an oil rig

Oando saga: Court restrains SEC from removing Tinubu, Boyo

The Commission on Sunday constituted an interim management team for the company to be headed by Mutiu Sunmonu.

Nigerian oil company, Oando. [Photo credit: Guardian Newspaper]

Police storm Oando, barricade office

About a dozen police officers were sighted at Oando’s head office at Ozumba Mbadiwe Avenue, Victoria Island, Lagos.

5G

China to grant licences for commercial use of 5G

China says its 5G industry has built a competitive edge by combining independent innovation and open cooperation.

Nigerian oil company, Oando. [Photo credit: Guardian Newspaper]

Oando vows to challenge SEC’s ruling on Tinubu

SEC on Friday barred Wale Tinubu, Oando’s Chief Executive Officer, and Omamofe Boyo, the Deputy Group Chief Executive Officer, from being directors of a public company for five years.

Jubril Adewale Tinubu

Investors react to Tinubu’s suspension by SEC

SEC announced the suspension on Wale Tinubu on Friday.

MTN Nigeria office

MTN completes payment of N330bn fine to Nigerian govt

The Nigerian government imposed the fine on MTN for not disconnecting unregistered sim cards.

President Muhammadu Buhari

EEG: Buhari should break silence on DMO’s RAP policy – Exporters

The exporters say the reverse auction process is introduced, it would compound the creditors’ woes.

Minister of Trade and Investment, Okechukwu Enelamah

Agency to raise $500 million for Nigeria’s economic zones — Minister

Vice President Osinbajo also assures of government’s support.

Director-General, Debt Management Office, DMO, Patience Oniha

FG allots N532.65 million to 515 subscribers in May savings bond

The bonds have a tenure of between two and three years and a minimum size of investment of N5, 000 and maximum of N50 million.

tomatoes

Prices of selected food stuff increased in April — NBS

The average price of one dozen of medium sized agric egg increased from N459.81 in March to N467.18 in April.

Godwin Emefiele, Governor of Central Bank of Nigeria (CBN)

Excess Oil Revenue: CBN warns govt against ‘spending spree’

The CBN also wants the government to save for the rainy day.

NNPC Headquarters, Abuja

NNPC remits N1.26 trillion to Federation Account in 2018

The NNPC said in a statement on Tuesday that it remitted N1.26 trillion as against the N1.22 trillion projected in the 2018 budget.

A private filling station used to illustrate the story.

Depot owners want total deregulation of petrol

The depot owners also complained about the current pricing template of petrol.

Nigeria Stock Exchange

NSE All-Share Index returns to 30,000 mark, amid MTN Nigeria gains

The market capitalisation which opened at N12. 938 trillion inched N367 billion to close at N13.305 trillion.

Godwin Emefiele, Governor of Central Bank of Nigeria (CBN)

CBN retains monetary policy parameters

The bank had adjusted the MPR from 14 per cent to 13.5 per cent in March

Unity Bank

Alleged N7bn Excess Charges: Unity Bank responds to presidential panel’s allegations

The bank says the allegations are “ill-motivated”, adding that it has transferred all balances belonging to the MDAs to their TSA accounts

Cisco

Cisco to train one million students in Africa on digital skills

Cisco says it intends to support the creation of Digital Learning Hubs in public libraries, accessible by the local population.

NNPC Headquarters, Abuja

NNPC redeploys 19 senior staff

The corporation says no staff was sacked.

Electricity Pole

DISCOs need N3.07 trillion in 5 years to boost electricity supply in Nigeria – Report

DISCOs report a revenue shortfall of over $3billion.