Economy

NCC Committed To Initiatives To Promote Local Content In Telecomms 

NCC Committed To Initiatives To Promote Local Content In Telecomms 

The Nigerian Communications Commission (NCC) is fully committed to the advancement of local content and the overall development of the Nigerian economy. In line with this, it has implemented various initiatives to promote indigenous participation in the telecommunications sector.  In his speech at the “NCC SPECIAL DAY” during the 45th Kaduna International Trade Fair on Tuesday, the Executive Vice Chairman/Chief Executive Officer of the NCC, Dr. Aminu Maida, said the Commission recognizes the importance of deepening the local content value chain as a critical driver for economic sustainability and growth.  “The NCC remains dedicated to fostering an enabling environment for…
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Urgent Call For The Use Of Naira As The Only Legal Currency In Nigeria 

Urgent Call For The Use Of Naira As The Only Legal Currency In Nigeria 

…And Why Policies That Unfairly Disadvantage The Naira Must End By SENATOR NED NWOKO The glaring income inequality between foreign workers and their Nigerian counterparts within companies operating in Nigeria is a deeply concerning practice that perpetuates historical injustices rooted in the colonial legacy. This practice exacerbates existing economic disparities and reinforces the master-servant dynamic that has plagued the region for centuries. Colonial Legacy and Economic Exploitation: Historically, income inequality in Africa, including Nigeria, has been entrenched since the colonial era. European settlers exploited the vast resources of the continent while systematically marginalizing and impoverishing indigenous populations. This exploitation was…
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Telecom Statistical Adjustment To Maintain Integrity Of Industry Data – Maida

Telecom Statistical Adjustment To Maintain Integrity Of Industry Data – Maida

 NEWS People&Politics31/01/20241 Executive Vice Chairman of the Nigerian Communications Commission, Dr. Aminu Maida, says the nation’s telecom statistical adjustment process is an appropriate step to maintain the integrity of data about the Nigerian telecom industry as collected, collated, and published by the Commission. He noted that this will also ensure the accurate measurement of the Commission’s progress towards attaining increased broadband penetration rates, improved quality of service, and increased population coverage, among other targets set out in the Strategic Plan for the Federal Ministry of Communications, Innovation, and Digital Economy. In a statement signed by Mr. Reuben Muoka, Director, Public…
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Nigeria Witnesses Steady Increase In Active Voice, Internet Subscriptions

Nigeria Witnesses Steady Increase In Active Voice, Internet Subscriptions

*Drop In Teledensity Nigeria has witnessed a steady increase in active voice and internet subscriptions, including a drop in teledensity as contained in the latest telecommunications statistical indicators released by the Nigerian Communications Commission (NCC). The statistical indicators have been adjusted to reflect the latest population growth figures in line with international best practices. The adjustment which is reflected in the telecom industry statistical reports of September, October, and November 2023 published on the Commission’s website, was predicated upon the Nigerian Population Commission (NPC)’s projection of Nigeria’s population at 216,783,381, as of 2022, replacing the previously used 2017 projection of…
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Rise And Rise Of Abdulrasaq Isa Kutepa’s Waltersmith Petroman

Rise And Rise Of Abdulrasaq Isa Kutepa’s Waltersmith Petroman

By TUNDE OLUSUNLE Nigeria's popular and highly regarded Thisday newspapers did its typical annual summation of remarkable individuals and corporate entities who and which impacted the broad esplanade of the nation's multispectral space, last year. The front page of the Monday December 25, 2023, which was the Christmas day edition of the publication featured portraits of some of those the newspaper described as "Movers and Shakers" of the receding year. It was a potpourri of impactful contenders for the highest political offices in the land, as well as state governors who were deemed to have offered good governance to their…
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Akwa Ibom Gov, Corporate Groups Excited Over Editors Confab

Akwa Ibom Gov, Corporate Groups Excited Over Editors Confab

Governor Umo Eno of Akwa Ibom State and many corporate organisations like the Nigeria Deposit insurance Corporation (NDIC), Nigeria Customs Service (NSC) and United Bank for Africa are rallying support for the annual conference of the Nigerian Guild of Editors which gets underway in Uyo, Akwa Ibom State in a few days. Other organisations that have also indicated support for the conference, being organised by the professional body of editors in Nigeria, include Zenith Bank, Access Bank, Nigeria Port Authority and the Dangote Group. A statement by the NGE President, Eze Anaba and the General Secretary, Dr. Iyobosa Uwugiaren on…
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Agbaja People Plan 2-Day Summit, To Unveil Dev Agenda

Agbaja People Plan 2-Day Summit, To Unveil Dev Agenda

Prof. Nebo Harps On Unity After decades without a central leadership, Agbaja people of Enugu State have reunited to once again pursue their common social, political, cultural and economic interests. The people who cover Udi, Ezeagu and parts of Enugu North Local Government Areas plan to hold a two-day Summit in Enugu on 2nd and 3rd November 2022. The event will bring together thousands of their sons and daughters from over 100 communities in Nigeria as well as their friends, in-laws and well-wishers from across Nigeria and the Diaspora. The Governor of Enugu State, His Excellency Rt. Hon. Ifeanyi Ugwuanyi…
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As Sanctions Bite, Russia Goes On The Offensive

As Sanctions Bite, Russia Goes On The Offensive

Russian President Vladimir Putin has reacted to the ongoing mass withdrawal of companies from his country over its invasion of Ukraine. On Thursday he endorsed a plan to nationalize foreign-owned businesses that flee the country. The Russian government has been alarmed over job losses and other economic pain the exodus is inflicting. Putin’s approval of the plan, scheduled to be discussed in Russia’s parliament, came as Goldman Sachs said it was “winding down” its business in Russia, following hundreds of other Western firms that have closed or suspended operations. During a meeting with government officials Thursday, Putin said Russia must…
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Air Peace, Emir of Kano tango: Sense of entitlement taken too far

Air Peace, Emir of Kano tango: Sense of entitlement taken too far

IKECHUKWU AMAECHI Pondering over the Emir of Kano, Air Peace tango this week, I couldn’t help but remember the wisecrack by Sarah Churchwell, the 51-year-old professor of American Literature, who wrote: “People who are given whatever they want soon develop a sense of entitlement and rapidly lose their sense of proportion.” That is exactly what is happening in this contrived hullabaloo. For those not aware, the story is that the Emir of Kano, Aminu Ado Bayero, who was returning from Banjul, Gambia, missed his early morning flight from Lagos to Kano. It was neither the monarch’s fault nor that of…
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Why 2022 Budget won’t fail – Buhari

Why 2022 Budget won’t fail – Buhari

President Muhammadu Buhari has said that the 2022 budget won’t fail but will accomplish the purpose for which it was passed because the National Assembly is led by trusted members of the All Progressives Congress (APC). Buhari, who said this while speaking on Channels Television on Wednesday, expressed confidence that this year’s budget will succeed. Recall that following the President’s assent to the 2022 budget, there were reports of friction between the presidency and the parliament. Buhari had expressed strong reservations on the “worrisome changes” made by the National Assembly to the 2022 Executive Budget proposal. When asked if he…
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