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Nigeria loses N127b yearly to Telecoms Infractions

Nigeria loses about N127 billion yearly as a result of infractions of the laws, rules and cybercrimes, the Administrator, National Judicial Institute (NJI), Hon Justice Rosaline Bozimo said in Lagos. She spoke at the opening of the seventh Annual Workshop...

Fed Govt eyes $3b proceeds from PHCN sale

The Director General of the Bureau of Public Enterprises (BPE), Mr. Benjamin Dikki, has said government is expecting over $3 billion proceeds from the sale of the 18 successor companies of the Power Holding Company of Nigeria (PHCN). He...

External Reserves Falls to $23.948bn

Nigeria’s external reserves diminished by 2.8 per cent in one month to $23.948 billion as at October 27, 2016, compared with the $24.615 billion it was as at September 27, 2016. The latest external reserves position released by the Central...

NITEL/MTEL Privatisation: $243.3M Investment under Threat

Like the exercises before it, the celebrated priva­tisation of the Nigeria Telecommunications Limited (NITEL) and its mo­bile arm, MTEL, is heading for the rocks. The plan of its new owners, NATCOM Telecommunica­tions, to join the league of suc­cessful telecom...

Government renames PIB as PRB, submits draft bill to National Assembly soon

The Federal Government may have renamed the Petroleum Industry Bill (PIB) as Petroleum Reform Bill (PRB). The draft bill is expected to be submitted to the National Assembly in the next few weeks. Speaking yesterday in Abuja at the Nigeria...

Government targets 300,000 Jobs from Mining Sector

The mining sector would provide over 300,000 jobs and millions of indirect employment for Nigerians before the end of the year, the Minister of Mines and Steel Development, Dr. Kayode Fayemi has said. He disclosed this at maiden Nigeria Mining...
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