Category: News

ITU Unveils ‘G5 Benchmark’
April 16, 2020 No Responses

ITU Unveils ‘G5 Benchmark’

The International Telecommunication Union (ITU) has launched the 2020 Global ICT Regulatory Outlook which includes the Benchmark of Fifth Generation Collaborative Regulation, a new tool for policy-makers and regulators to leverage digital transformation for all through stronger collaboration across sectors. Speaking at the...
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Volkswagen Cuts 2020 Forecast As Turnover Drop By $60b In Q1
April 16, 2020 No Responses

Volkswagen Cuts 2020 Forecast As Turnover Drop By $60b In Q1

Germany’s Volkswagen (VW) on Thursday said it would not meet its 2020 forecasts, after the group saw turnover fall to 55 billion euros (or 60 billion dollars) in the first quarter, down from 60 billion euros a year ago. According...
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FG Delivers 19m Bags Of Fertilisers To Farmers In 13 States
April 16, 2020 No Responses

FG Delivers 19m Bags Of Fertilisers To Farmers In 13 States

The Presidential Fertiliser Initiative (PFI) has supplied about 19 million bags of NPK brand of fertilisers to farmers in 13 states in the country. The PFI’s Chairman, Alhaji Badaru Abubakar, made the disclosure at a press conference on state of...
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FBN Holdings Explains Divestment From FBN Insurance
April 15, 2020 No Responses

FBN Holdings Explains Divestment From FBN Insurance

FBN Holdings Plc has notified the Nigerian Stock Exchange (NSE) of on-going discussions with its partner Sanlam Emerging Markets to divest 65 per cent equity in FBN Insurance (FBNI) Ltd.The company stated this in a notice sent to the Exchange...
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Nigeria Reduces Price Of Fertilizer
April 15, 2020 No Responses

Nigeria Reduces Price Of Fertilizer

The Federal Government has reduced the price of NPK fertilizer from N5,500 to N5,000 per 50kg bag.Announcing the develoment on Wednesday, Governor  Muhamad Badaru of Jigawa, who is the Chairman, Presidential Fertilizer Initiative (PFI) explained in Dutse ...
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Coronavirus: US To Halt Funding To WHO
April 15, 2020 No Responses

Coronavirus: US To Halt Funding To WHO

US President Donald Trump says he has instructed his administration to halt funding to the World Health Organization (WHO). He said the WHO had “failed in its basic duty” in its response to the coronavirus outbreak. He accused the UN...
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Minister: Customs Yet To Release 110 Trucks Of Rice
April 15, 2020 No Responses

Minister: Customs Yet To Release 110 Trucks Of Rice

Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Farouq on Tuesday said 110. trucks of seized rice have not been handed over to the Ministry  by the Nigeria Customs Service (NCS). According to the minister, only ...
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Report: Worldwide 5G Connections To Hit 2.7b By 2025
April 14, 2020 No Responses

Report: Worldwide 5G Connections To Hit 2.7b By 2025

Data compiled by Finbold.com has revealed that in the next five years global 5G connections will be 2.7 billion.According to the data, this will be a growth of at least 20 times from this year’s 120 million connections.The report projected...
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IMF Projects Recession For Sub-Saharan Africa In 2020
April 14, 2020 No Responses

IMF Projects Recession For Sub-Saharan Africa In 2020

Sub-Saharan Africa’s gross domestic product is expected to contract 1.6 per cent this year, compared with 3.1 per cent growth in 2019, as the coronavirus pandemic wrecks the region’s economies, the International Monetary Fund said on Tuesday.Various Africa...
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COVID 19: Buhari Lauds EU’s Donation Of N21b
April 14, 2020 No Responses

COVID 19: Buhari Lauds EU’s Donation Of N21b

President Muhammadu Buhari Tuesday in Abuja commended the European Union for donating the sum of N21 billion (50 million Euros) to support Nigeria’s efforts at controlling the spread of the coronavirus pandemic.Receiving the EU delegation to the country, led...
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FRSC Boss To Commanding Officers: Step Up Enforcement, Impound Unauthorised Vehicles
April 14, 2020 No Responses

FRSC Boss To Commanding Officers: Step Up Enforcement, Impound Unauthorised Vehicles

Following President Muhammadu Buhari’s extension of the current lockdown in Lagos, Ogun States, as well as the Federal Capital Territory Abuja for another 14days effective from 11:59 Monday 13 April, 2020; the Corps Marshal, Federal Road Safety Corps,(FR...
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SIFAX Group Donates Hand Gloves, Sanitizers, Others To NPA
April 14, 2020 No Responses

SIFAX Group Donates Hand Gloves, Sanitizers, Others To NPA

As part of resolve to further strengthen the fight against the spread of Coronavirus at the Tin Can Island Port, SIFAX Group has donated protective equipment to the Nigerian Ports Authority (NPA).A statement issued on Tuesday explained that the donation...
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LCCI Recommends Palliatives For Banking, Aviation sectors
April 14, 2020 No Responses

LCCI Recommends Palliatives For Banking, Aviation sectors

The Lagos Chamber of Commerce and Industry (LCCI) has recommended palliatives for banking and aviation sectors to minimise the impact of the coronavirus pandemic on the nation’s economy. It also said that such palliative would engender quick economic recover...
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President Buhari’s Remarks On Extension Of COVID-19 Lockdown
April 14, 2020 No Responses

President Buhari’s Remarks On Extension Of COVID-19 Lockdown

ADDRESS BY H.E. MUHAMMADU BUHARI, PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA ON THE EXTENSION OF COVID- 19 PANDEMIC LOCKDOWN AT THE STATE HOUSE, ABUJA MONDAY, 13TH APRIL, 2020 1.  Fellow Nigerians  2.  In my address on Sunday, 29th March,...
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