The Federal Government through the Nigerian Communications Commission (NCC) is set to make at least $1.09bn (N476bn) from the sale of four 5G spectrums. This is after the NCC revealed in a new ‘Information Memorandum on 3.5 GHz Spectrum Auction’ that it has set the reserve price for two more[Read More…]
Author: Godwin Anyebe
Kerosene Price Up By 118.08% In One Year – NBS
Household kerosene may go beyond the reach of poor Nigerians as the price of the commodity has risen by 118 per cent in the last 12 months. According to the National Household Kerosene report of the Nigerian Bureau of Statistics for September, the average retail price per litre of the[Read More…]
CBN Approves Dollar Sales By Payment Service Banks
The Central of Nigeria (CBN) has released supervisory framework for Payment Service Banks. The framework among other things empowered the PSB operators to sell foreign currencies, especially dollars, to authorised foreign exchange dealers. The CBN framework also authorised the PSBs to accept deposits from individuals and small businesses, which shall[Read More…]
In One Year , Airfares Rose By 96.87%
The National Bureau of Statistics has stated that air transportation rose by 96.87 per cent in one year. In its report titled ‘transport fare watch’ (September 2022), the Bureau noted that the average fare paid by air passengers for specified routes single journey, increased by 96.87% from N36,922.97 in September[Read More…]
Cooking Gas: Marketers Caution Against Panic Buying
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has cautioned Nigerians against panic buying of Liquefied Petroleum Gas (LPG), otherwise known as cooking gas as a result of the Force Majeure declared by Nigeria Liquefied Natural Gas Limited (NLNG). NALPGAM’s President Mr Oladapo Olatunbosun made the appeal in a[Read More…]
BUHARI HONOURS ABDUL SAMAD RABIU OVER CONTRIBUTIONS TO TERTIARY EDUCATION DEVELOPMENT WITH NEAPS AWARD
For Abdul Samad Rabiu, the year 2022 can easily be described as a year of Awards both in Nigeria and globally. His philanthropic activities have continued to catch the eyes of national and international leaders even as he spares nothing to put smiles in the faces of the less privileged.[Read More…]
For us timely delivery is key – Beam Media MD, Omo Kingsley Abunene
Mr Omo Kingsley Abunene is the managing director of Beam Media, a sought after out-of-home advertising agency in Nigeria. Through dint of hard work and tireless dedication, he has guided Beam Media to carry out unbeatable innovative ideas within the out-of-home advertising business in the country. In this interview with[Read More…]
FG Retains N4.23trn Revenue, Records N5.33tn Deficit in Eight Months
The Federal Government has disclosed that it recorded a deficit of N5.33tn between January and August 2022, which is N430.82bn above the prorate level. FG spent N9.56tn from January to August 2022, out of N11.55tn pro rata expenditure projected for the period. Of the N9.56tn spent in eight months, N3.52tn[Read More…]
Startup Act Will End Youth Harassment, Says Minister
The Minister of Communications and Digital Economy, Prof. Ali Pantami, says the Digital Innovation and Entrepreneurship Council, chaired by the President, Major General Muhammadu Buhari (retd.), would stop law enforcement agencies from harassing youths carrying laptops. Pantami disclosed this to State House correspondents after meeting the President who had recently[Read More…]
We are irresistible because our response time at Limelight Media is great – MD, Taiwo Kareem
Mr Taiwo Kazeem is the Managing Director and Chief Executive Officer of Limelight Media, a media planning and buying agency with a difference. Limelight Media under the leadership of Mr Taiwo has become irresistible to brands because of its DNA for disruption in the media buying industry. Thanks to his[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]