Infrastructure investment, digital transformation priorities for telecom operators – TMT Finance

June 20, 2018 David Agba .Abuja 0

Accelerating digital transformation strategies, investing in new wireless and fixed network infrastructure, and embracing emerging technologies such as AI and IoT are among the top priorities for African telecom operators for the year ahead, according to global telecom, media and technology news and events company, TMT Finance. “Like many telecom operators globally, the major African operators are having to juggle Read More

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All Nigerians can’t be metered, Egbin power boss declares

June 20, 2018 BluePrint Newspapers 0

The Chairman of the Egbin Power Plc, Kola Adesina, has called on the federal government and operators in the power sector to address the challenges currently staring the power sector in the face. Adesina, who attributed the problems to “misalignment of vision, policies as well as non-consultation and inclusion of operators and stakeholders before a policy is implemented,” added that Read More

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Crisis looms at ECN over DG’s re-appointment

June 20, 2018 BluePrint Newspapers 0

Members of staff of the Energy Commission of Nigeria (ECN) yesterday expressed their displeasure over the reappointment of Professor Eli Bala as the Director-General of the commission. The Secretary, Association of Senior Civil Servants of Nigeria, ECN branch, Comrade Ibrahim Usman, who addressed a news conference in Abuja, appealed to President Muhammadu Buhari to reverse the appointment. Usman accused Bala Read More

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Blackout: National grid’s power generation increases to 3,876.9MW

June 20, 2018 Tope Sunday 0

Indications emerged yesterday that the power generation into the National Grid which dropped to 1,086 megawatts last weekend due to the rapture of pipeline has increased to 3,876.9MW. With the development, major cities in the country were in total darkness, and artisans lamented its untold hardship on their businesses. The increase in the power generation of 3,876.9mw was 2790.9mw above Read More

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Bus fare averaged N166.85in May – NBS

June 20, 2018 Benjamin Umuteme. Abuja 0

The National Bureau of Statistics (NBS) in a new report revealed that average fare paid by commuters for bus journey within the city increased by 0.53% month-on-month and 32.71% year-on-year to N166.85 in May 2018 from N165.94 in April 2018. In his transport fare watch for May report, Abuja had the highest bus journey fare within city (N325.23), Cross River Read More

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Shipping lines may not require rotation number at Lekki port – Expert

June 20, 2018 BluePrint Newspapers 0

A logistics expert and lecturer at the Lagos Business School (LBS), Dr. Frank Ojadi, has said that ships that would call at the Lekki deep seaport located at the Lekki Free Trade Zone, when completed, would not experience delay associated with the issuance of rotation number by Customs to shipping lines. Port authorities, especially the customs issues rotation number to Read More

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Adeosun wants authentication of TTCs before payment

June 20, 2018 David Agba. Abuja 0

The Federal Government has mandated all Ministries, Departments and Agencies of government (MDAs) and the Federal Inland Revenue Service (FIRS) to authenticate all Tax Clearance Certificates (TCCs) presented by companies and individuals engaged in public procurement processes before payments are made. In a statement signed by Special Adviser, Media & Communications to the minister, Oluyinka Akintunde, the directive became necessary Read More

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Logistics infrastructure Nigeria’s biggest challenge to trade – Madu

June 20, 2018 BluePrint Newspapers 0

The Chief Executive Officer and Programme Director of Multi-Mix Academy, Dr. Obiora Madu, in this interview, said the maritime industry performed below expectation in implementing the Executive Order on the Ease of Doing Business one year down the line. It has been a year since the federal government signed the Executive Order on the Ease of Doing Business Initiative aimed Read More

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20 German coys seek investments in Nigeria

June 20, 2018 BluePrint Newspapers 0

No fewer than 20 German firms are in Nigeria to explore investment opportunities. The Chief Executives of the visiting firms, led by the Minister of Industry, Trade and Investments, Okechukwu Enelamah, yesterday paid a courtesy visit to Vice President Yemi Osinbajo to obtain first-hand information on the various investment opportunities. According to Mr Enelamah, the delegation came from Bavaria, the Read More

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Genesys pioneers new customer experience with G-Summit road show

June 20, 2018 David Agba. Abuja 0

South African enterprises will get a glimpse of the revolutionary future of customer experience next month, when Genesys, an international leader in omnichannel and contact centre solutions, brings G-Summit. G-Summit South Africa, part of the global G-Summit series, is a must-attend CX summit for enterprises aiming to take their contact centres, service centres and overall CX to the next level. Read More

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Port Harcourt DisCo explains blackout in 4 states

June 20, 2018 BluePrint Newspapers 0

The Port Harcourt Electricity Distribution Company (PHED) has blamed the persisting blackout in Akwa Ibom, Bayelsa, Cross River and Rivers states on ruptured gas-bearing pipelines to power stations. The Manager of Corporate Communications of the company, John Onyi, made this known in a statement yesterday in Port Harcourt. He, however, assured that the company was taking steps to quickly restore Read More

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FG released N1.580trn capital vote to MDAs in 2017 – Adeosun

June 20, 2018 Benjamin Umuteme. Abuja 0

The federal government has announced that a total of N1,580,270,755,084.44 trillion capital cost was released to Ministries, Departments and Agencies for the 2017 federal budget. A statement signed by Director (Information), Hassan Dodo, the Minister of Finance, Mrs. Kemi Adeosun made this known yesterday in Abuja, that the N1,580 trillion total capital releases for 2017 is remarkably higher than the Read More

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Buhari signs 2018 budget, says “NASS cut everything”

President Muhammadu Buhari on Wednesday signed into law the 2018 Appropriation Bill of N9.12 trillion, seven months after the estimate was submitted to the National Assembly. The federal government approved N8.612 trillion but the lawmakers increased it to N9.12 trillion. The lawmakers also increased the crude oil benchmark for the budget from $45 per barrel to $50.5 per barrel. Speaking Read More

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Equity market remains bullish, gains N94bn

June 19, 2018 Amaka Ifeakandu 0

Trading activities on the floor of Nigerian Stock Exchange last week closed in an upward trend gaining N94 billion. Market capitalisation of listed equities increased by 0.67.per cent to N14.102 trillion from N14.007 trillion recorded the previous week. The Nigerian Stock Exchange All Share Index grew by 258.79 basis points to 38928.02 points from 38669.23 reported the preceding week. Similarly, Read More

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FarePay crowned king of utility payment cards

June 19, 2018 Blueprint 0

Africa’s first ever contactless payment cards for bus transit recently won the award for ‘card with the most utility relevance for the cardholder’ at the Digital Pay Expo Awards. The smart payment solution introduced, Sterling Bank Plc eliminates challenges associated with Bus Rapid Transit (BRT) such as facing long queues to purchase a ticket or handling exact cash fares for Read More

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Currency swap deal to deepen naira sovereignty in Africa – Gwadabe

June 19, 2018 Amaka Ifeakandu Lagos 0

The President, Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe has said that the $2.5 billion currency swap agreement between the Central Bank of Nigeria (CBN) and the People’s Bank of China will promote naira’s sovereignty in Africa. Gwadabe, who spoke on the CBN and PBoC Bilateral currency swap agreement over the weekend, said the naira Read More

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Power generation to national grid drops by 1,086MW – TCN

June 19, 2018 Tope Sunday Abuja 0

The Transmission Company of Nigeria (TCN) yesterday disclosed that electricity generation into the national grid dropped by 1,087.6 Mega Watts. Major cities in the country have been in total darkness since Friday, the development the TCN attributed to the rapture of gas pipelines. Also, TCN used the opportunity to debunk media reports which attributed the blackout to the collapse of Read More

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Diaspora remittances to developing countries to exceed $6.5trn between 2015-2030

June 19, 2018 Blueprint 0

The International Fund for Agricultural Development (IFAD) has estimated that remittances to developing countries could cross $6.5 trillion between 2015 and 2030. According to IFAD, this is expected to involve over one billion senders and receivers. IFAD said in 2017, 200 million migrants sent $481 billion to remittances-reliant countries of which $466 billion went to developing countries, helping sustain about Read More

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Airlines in Nigeria sold N505.2bn tickets in 2017 – NCAA

June 16, 2018 Airlines in Nigeria 0

Nigerian Civil Aviation Authority (NCAA) yesterday said domestic and international airlines operating in Nigeria sold tickets worth N505.2 billion in 2017. The Director-General of NCAA, Muhtar Usman, disclosed this at the quarterly business breakfast meeting of the Aviation Round Table (ART) in Lagos. The News Agency of Nigeria (NAN) reports that the theme of the meeting was: “Evaluation of Safety Read More

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Miners drum support for Bwari as substantive minister

June 13, 2018 BluePrint Newspapers 0

Miners Association of Nigeria (MAN) have urged President MUhammadu Buhari to make Abubakar Bawa Bwari as substantive Minister of Mines and Steel Development ministry. MAN after considering and evaluating various factors relevant to the development of the country’s mining sector, threw its weight behind the call for the elevation of the Acting Minister of Mines and Steel Development, Abubakar Bawa Read More

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Pension: Media, hospitality, hospital top list of non-compliance sectors

June 13, 2018 Moses John. Geneva 0

The sectors that have issues of non compliance with the required percentage to the Pension Fund Administrators (PFAs) are the media, hospitality and the hospitals. This was made known by Regional Manager, North Central region of Trustfund Pensions Lmt, Mr Morris Ogar during a one-day interactive session with members of Labour Correspondents Association of Nigeria (LACAN) in Abuja recently. Ogar Read More

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We will not accept members’ sack, oil workers warn 

June 13, 2018 BluePrint Newspapers 0

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has warned that labour will not accept loss of job of their members under any guise.  PENGASSAN President, Comrade Francis Johnson, while briefing journalists during the just concluded  International Labour Conference (ILC)  in Geneva, Switzerland, warned of a looming crisis in the oil and gas sector, following plans by Read More

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Tripartism adds value in the world of work – ILO

June 13, 2018 Moses John. Geneva 0

The 107th session of the International Labour Conference (ILC ) ended in Geneva, Switzerland, with a call by the Director General of the Iinternational Labour Orgnisation, Guy Ryder to nurture, protect and practice social dialogue. Tripartism – bringing together governments, employers and workers – “not only adds value in the world of work, but is a most potent antidote to Read More

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Oil markets unmoved by US, North Korea summit

June 13, 2018 BluePrint Newspapers 0

The markets shrugged at the historic meeting between President Trump and North Korean dictator Kim Jong Un. Both sides hailed the summit as a breakthrough, with a pledge towards denuclearization, but as expected, there was a lack of even the most basic details on how they might get there. Oil was flat at the start of Tuesday. Iraq opposes output Read More

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