News Reports
![Nigerian oil company, Oando. [Photo credit: Guardian Newspaper]](https://i2.wp.com/media.premiumtimesng.com/wp-content/files/2017/10/Oando-Plc-e1508430335391.jpg?fit=300%2C169&ssl=1)
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.
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.
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.
Why mobile broadband is better than fixed broadband – NCC
The NCC said it has been preparing the country for the adoption of 5G technology.
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 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]](https://i2.wp.com/media.premiumtimesng.com/wp-content/files/2017/10/Oando-Plc-e1508430335391.jpg?fit=220%2C124&ssl=1)
Police storm Oando, barricade office
About a dozen police officers were sighted at Oando’s head office at Ozumba Mbadiwe Avenue, Victoria Island, Lagos.
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.
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.
Investors react to Tinubu’s suspension by SEC
SEC announced the suspension on Wale Tinubu on Friday.
MTN completes payment of N330bn fine to Nigerian govt
The Nigerian government imposed the fine on MTN for not disconnecting unregistered sim cards.
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.
Agency to raise $500 million for Nigeria’s economic zones — Minister
Vice President Osinbajo also assures of government’s support.
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.
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.
Excess Oil Revenue: CBN warns govt against ‘spending spree’
The CBN also wants the government to save for the rainy day.
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.
Depot owners want total deregulation of petrol
The depot owners also complained about the current pricing template of petrol.
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.
CBN retains monetary policy parameters
The bank had adjusted the MPR from 14 per cent to 13.5 per cent in March
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 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.
DISCOs need N3.07 trillion in 5 years to boost electricity supply in Nigeria – Report
DISCOs report a revenue shortfall of over $3billion.