Digital mobile operators and telecommunications service providers spend about $2bn (about N638bn) annually on the importation of bandwidth and other related services, the National Space Research and Development Agency has said. The Director-General of NASRDA, Prof. Seidu Mohammed, said this...

...To fully enforce the implementation of ISPS Code The Nigerian Maritime Administration and Safety Agency, (NIMASA) has again restated its position in ensuring the full implementation and enforcement of the International Ships and Ports Facility Security (ISPS) code in the...

The Consumer Protection Council has urged Nigerian manufacturers and product marketers to always provide warranty on their products. The council gave this charge during a stakeholders’ meeting on enforcement of warranties and guarantees on products and services. while addressing key industry...

The nation’s foreign exchange market recorded $327m worth of transactions on Monday, about six times more than its usual volume, the FMDQ OTC Securities Exchange, told Reuters. This included a single transaction of $270m at N345/dollar by foreign investors buying...

The nation’s foreign exchange reserves have increased by $595m to hit a one-month high of $26.196bn, the latest data from the Central Bank of Nigeria have shown. This came on Monday just as the naira traded around 412- 413 against...

Another light rail project is in the offing as a Chinese firm has received the approval to construct the line in Kano at a sum of $1.85bn (N589.8bn). An online report by The Cable yesterday gave the construction firm as the...