Month: June 2021

As Nigeria awaits FG’s nod on 5G deployment
ICT

As Nigeria awaits FG’s nod on 5G deployment

Feelers from the industry show that the only thing left between Nigeria and Fifth Generation (5G) network deployment is the Federal Government’s nod. ADEYEMI ADEPETUN reports. Barring unforeseen circumstances, Nigeria’s final journey into the deployment of 5G technology should begin soonest, hopefully in another month.   Feelers from the industry showed that the only obstacle against the deployment…

Disbelief, shock trail IPOB leader’s arrest, re-arraignment

Disbelief, shock trail IPOB leader’s arrest, re-arraignment

• Court orders his remand in DSS’ custody, adjourns hearing till July 26• Ohanaeze, Afenifere, Northern elders urge caution in prosecuting him• Kanu’s arrest, elimination won’t quench agitation, says the group• HURIWA: If you can arrest Kanu, nab all terrorists, bandits in the north Four years after the leader of the Indigenous People of Biafra (IPOB),…

FG’s $4b stake in Dangote refinery raises dust

FG’s $4b stake in Dangote refinery raises dust

• Why NNPC is borrowing to buy 20% equity• Rehabilitation of Kaduna, Warri refineries to begin in July • Finance, energy experts pick holes As the Federal Government seeks to commence the rehabilitation of Kaduna and Warri refineries latest next month, indications emerged yesterday that the Nigerian National Petroleum Corporation (NNPC) might end up paying at least…

PDP optimistic of victory in 2023, in spite of governors defection

PDP optimistic of victory in 2023, in spite of governors defection

The Peoples Democratic Party (PDP) says it is optimistic of victory in 2023, in spite of the defection of some governors to the ruling party All Progressives Congress (APC). The PDP National Chairman, Mr Uche Secondus stated this while reacting to the defection of Gov. Bello Matawalle of Zamafara to APC in Abuja. “The APC…

External reserves drop by over $100m in three days

External reserves drop by over $100m in three days

• Naira weakens against the dollar across trading windows  Nigeria’s external reserves fell by $100 million in three days, from June 26 to June 28, as the figures continued to witness historic depletion. According to data sourced from the Central Bank of Nigeria (CBN), the gross reserves have fallen to approximately $33.4 billion on June 28 against…

Africa not among 10 World Largest Area of Organic Land

Africa not among 10 World Largest Area of Organic Land

“Global organic sector was valued at 130 billion US dollars as at 2019, with 72.3 million hectares managed by over 3.1 million producers and yet Africa is still found wanting’’ Dr Olugbenga AdeOluwa, the Country Coordinator of Ecological Organic Agriculture (EOA) Initiative in Nigeria says no country in Africa is among the ten world largest…

Nigeria and realities of growing debt burden

Nigeria and realities of growing debt burden

Last week was a scary one for millions of Nigerians who have been impoverished by the government’s rising appetite for easy money, including debt, and missteps of statecraft. Scary, not because the government has secured a fresh loan or about to so, but that its officials reminded the people of their aloofness to the real…

Firms to produce from neighbouring countries over new gas prices, others

Firms to produce from neighbouring countries over new gas prices, others

• Nigeria ‘accidentally’ discovers 206tcf gas reserves• FX scarcity, gas dollarisation may spike inflation• Gas users to pay $5.10/mmbtu from July despite shortages With the new gas price regime expected to kick off on July 1, alongside challenges of currency devaluation and access to foreign exchange for raw materials, local manufacturers have told The Guardian they are…

Nation’s woes traumatising, Jonathan admits

Nation’s woes traumatising, Jonathan admits

Former President Goodluck Jonathan has said the rising insecurity, poor economy and other vices bedevilling the nation were worsening mental health, as most Nigerians have become traumatised by happenings in the country. Jonathan, who spoke at the weekend when the management of The Albino Foundation and its partners paid him a courtesy visit in Abuja…

Again, Abuja-Kaduna train breaks down in bush

Again, Abuja-Kaduna train breaks down in bush

For the umpteenth time, hundreds of passengers on the Abuja-Kaduna train service were again stranded in the bush after the train developed a fault minutes after leaving Rigasa station in Kaduna state. A passenger claimed that the train had initially stopped twice before it finally broke down in Dutse, Kaduna state around 7am. The Managing…