Shola Shittu

Trump’s victory: Naira unaffected, now 460/dollar

The Nigerian foreign exchange market was on Wednesday neutral to the victory of Donald Trump in the United States presidential election. Trump, 70, emerged the 45th president of the US, after beating Democratic candidate, Hillary Clinton. Although the naira appreciated against...

Shittu: 70% of Cyber Attacks in Nigeria Successful

The Minister of Communications, Mr. Adebayo Shittu, has said 70 percent of cyber attacks carried out by hackers in Nigeria’s Information Communication Technology (ICT), space were successful. According to him, studies carried out by the ministry showed that 3,500 cyber...

Government Loses N60bn yearly to Motor Insurance

…Only four million vehicles have valid cover Nigeria’s insurance sector is estimated to be losing about N60 billion annually, as only 25 per cent of registered vehicles in the country carry genuine third party motor insurance policies, The Guardian exclusively...

Retirees to earn minimum Pension from 2017

Retirees under the Contributory Pension Scheme will from early next year enjoy a minimum pension payment irrespective of the balance in their Retirement Savings Accounts. The Chairman, Pension Fund Operators Association of Nigeria, Mr. Eguarekhide Longe, disclosed this to our correspondent...

‘Nigeria’s Gas Output can deliver 32 Gw of Power’

If dysfunctional gas facilities are fixed and fiscal and regulatory policy issues in the gas subsector addressed, the current gas production can deliver 32 gigawatts (32,000Mw) of power, oil and gas industry operators have said. This was contained in a...

NCDMB to Introduce Timelines Approvals for Contract Cycle

Review of tenders and other approvals by the Nigerian Content Development and Monitoring Board (NCDMB) will now be executed on strict timelines as part of new measures to shorten the protracted contracting cycle in the oil and gas industry...
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