Shola Shittu

Militants give Oil Firms 7 days Ultimatum to leave Niger Delta

Angered by the alleged call by the president of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), Igwe Achese asking the Federal Government to engage the service of a security outfit managed by some ex-militants to guard...

OPEC requires $65b Spending to Tackle effect of Low Price

The Nigerian oil and gas sector requires about $7 billion capital investment yearly, to fund exploration and development to achieve the nation’s crude production targets, according to Nigerian Investment Promotion Commission (NIPC). Besides, Organisation of the Petroleum Exporting Countries...

AMCON expresses Concern over Failure of Debt Recovery efforts

Asset Management Corporation of Nigeria, AMCON, has expressed concern over failure of its debt recovery efforts. Consequently, the corporation is seeking the support of the Senate to review its enabling Act for the purpose of enhancing its debt recovery...

Telecoms subscribers hit 153m, Airtel tops

Telecommunication provider Airtel topped the chat of new subscribers for the month of September with 400,847 new subscriptions. The number topped Globacom who recorded 215,700 new subscribers for the month under review. MTN was next with 60,558,569 and Etisalat...

ATCON Urges Senate to Rethink Proposed Legislation

Fearing the likely negative impact of the proposed telecommunications tax bill on a large chunk of telecoms subscribers and the economy as a whole, the Association of Telecommunications Companies of Nigeria (ATCON), the umbrella body for all telecoms companies...

Of Recession and Debt accumulation

Borrowing has become fashionable in Nigeria for states to test their viability by going to the credit market to borrow money, even for consumption purposes or just to satisfy kleptocratic urge. The Federal Government serves as the route and...
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