Author: Ifetayo Adeniyi

Telecoms FDI has grown 7-year high considering challenges Telecoms FDI has grown 7-year high considering challenges Foreign Direct Investment (FDI) in Nigeria’s telecom sector surged by 537.26 percent to a seven-year high of $304.99 million in the first half of 2024. However, industry experts have said this growth is insufficient to close the sector’s investment gaps or return it to profitability. According to the National Bureau of Statistics, telecom investments reached a seven-year high after plummeting to $98.37 million in H1 2018 from $319.96 million in H1 2017. Despite this, the sector has struggled with new economic challenges, particularly after…

What You Need to Know About the Adron Homes Lemon Friday Promo The Lemon Friday Promo is Adron Homes and Properties’ most exciting and anticipated annual sales event! Every year, Adron Homes brings unbeatable deals and extraordinary benefits for people looking to invest in real estate. This year’s Lemon Friday Promo promises even bigger discounts, exclusive prizes, and unique opportunities to own land or property in premium locations. Here’s everything you need to know about the promo: 1. Incredible Discounts on All Properties The Adron Lemon Friday Promo offers massive discounts on all Adron properties, including residential estates, commercial plots,…

Sanwo-Olu With One Day Governor AbdulAzeez, Cabinet Members, Advises Them To Concentrate On Future Ambition Abdulazeez Abdulrahmon and Babajide Sanwo-Olu Sanwo-Olu gives encouragement to One Day Governor AbdulAzeez and his Cabinet members to be determined to achieve greater heights in future goals. The Lagos State Governor, Mr. Babajide Sanwo-Olu and his wife, the First Lady of Lagos State, Dr. (Mrs.) Claudiana Ibijoke Sanwo-Olu, today received the One Day Governor and Overall Winner of the 20th Edition of the Spelling Bee Competition, Abdulazeez Abdulrahmon, at the Lagos State House, Marina. Abdulrahmon is a student of Oriwu Senior Model College, Ikorodu. The…

IFC, CBN collaborate, sign deal to improve local currency financing Naira notes IFC and CBN have collaborated by signing a deal to improve local currency financing in Nigeria. The International Finance Corporation, a member of the World Bank Group and the Central Bank of Nigeria have announced an agreement to scale up local currency financing, unlocking over $1bn in investments across key sectors of the Nigerian economy. This was according to a joint press statement from the IFC and the CBN on Monday. The agreement, signed by IFC Managing Director Makhtar Diop and CBN Governor Yemi Cardoso, will provide naira-based…

FG did not buy new jet for Tinubu –  Onanuga President Bola Tinubu Onanuga says Federal Government did not buy new jet for Tinubu. Presidential spokesman, Bayo Onanuga, has stated that the Federal Government did not buy a new official jet for President Bola Tinubu, contrary to claims on social media. On Sunday’s edition of Inside Sources on Channels Television, Onanuga stated that the government acquired a refurbished jet for the president, adding that the plane belongs to the country. Onanuga stated that some jets in the presidential fleet purchased under former President Olusegun Obasanjo are all in bad condition,…

FG moves towards tax rectification to qualify for $750m W’Bank loan Federal Inland Revenue Service Federal Government has channelled its effort to make amends towards tax which will give qualification for $750m W’Bank loan. The Federal Government is pressing ahead with critical tax reforms not just to boost tax revenue and efficiency but also to meet the requirements for a $750m loan from the World Bank. This loan project is a part of the broader $2.25bn approved by the World Bank for Nigeria on June 13, 2024, to bolster Nigeria’s economic stability and support its vulnerable populations. The other second…

To Present Africa’s Emerging Art Talent, 1952 Africa Hosts Collectors’ Evening, Divergence Exhibition This award aims to support artists who envision bold futures for the continent, honoring Wigwe’s dedication to the transformative power of African art. 1952 Africa, a foundation dedicated to nurturing emerging African artists, proudly announces two landmark events as part of Lagos Art Week: the Collectors’ Evening on November 2, followed by the public opening of the Divergence Exhibition on November 3 at the 1952 Africa Gallery in Lekki, Lagos. Since its inception, 1952 Africa has committed itself to advancing African art through its Art…

Youths Are Encouraged To Partake In Developmental Programmes Minister of Youths Development, Ayo Olawande … so that youths can be seen as formidable instruments of development and growth in all sectors of the nation’s economy. Youths across the federation have been called upon to key into developmental initiatives of the Minister of Youths Development, Ayo Olawande for speedy self-reliance. A chieftain of the All Progressives Congress(APC), Ondo State, who contested for APC National Youth Leader at the last convention of the party held at Eagle Square, Abuja, Dada Eminence stated this in his congratulatory message to the Minister on Sunday.…

NCC Refuses Under 18 Years From Owning SIM Cards NCC insists no one below 18 years can own SIM cards. The telecom industry regulator, Nigerian Communications Commission (NCC), has disqualified Nigerians who are not up to 18 years of age from getting a Subscriber Identity Module (SIM) card. In the past few years, the industry regulator has been emphasising the 18 years and above age for those qualified to buy or own SIM cards. According to NCC, the implementation of this policy is aimed to “protect minors” from the liabilities that arise from the usage of such SIMs. The Commission,…

Wakanow, Bayo Adedeji Points Out Nigeria As A Key Beneficiary Of Air Peace’s Vision For Regional, International Connectivity Bayo Adedeji, Group CEO of Wakanow Wakanow, Africa’s premier travel technology company, celebrates Air Peace on its 10-year anniversary, applauding the airline’s significant impact on Nigeria’s aviation industry and economic progress, saying Air Peace’s expansion and dedication to accessible travel have not only strengthened Nigeria’s role in global aviation but also driven considerable economic contributions. Bayo Adedeji, Group CEO of Wakanow, highlighted Air Peace’s broader economic and social influence in Nigeria, saying, “Air Peace is more than just an airline; it is…