Lekki Massacre: The Mother of all Fake News in Nigeria By Mohammad Dahiru Lawal It was already late in the evening when I got a very short notice that I was to be a guest on AriseTV at 10pm, to discuss the #EndSARS uprising from the Northern perspective especially since agitations has begun to tend […]
The European Data Protection Supervisor (EDPS) issued today a strategic document aiming to monitor compliance of European institutions, bodies, offices and agencies (EUIs) with the “Schrems II” Judgement in relation to transfers of personal data to third countries, and in particular, the United States.
Nigeria’s Earnings Threatened As Oil Sheds $2.33/barrel Brent, the oil against which Nigeria’s crude is benchmarked, dropped in price on Wednesday, shedding $2.33/barrel. The bulk of Nigeria’s foreign exchange earnings comes from the sale of crude oil and a crash in global oil prices often leads to a drop in the country’s […]
Banks, Telcos In Talks To Settle N17bn USSD Debt Commercial banks and mobile network operators have commenced discussion on how the N17bn accumulated debt for Unstructured Supplementary Service Data access will be paid. Findings showed the two parties would reach an agreement on modalities for payment soon. Confirming this to Economic Confidential, […]
W/Bank Pledges $72m For States’ Land Administration Records The World Bank has expressed willingness to give each state of the federation a grant of two million dollars to enable them to update their property records. This, however, is based on the condition that benefiting states capture at least 50 per cent of […]
NIRSAL MFB Gets Framework For N75bn Youth Fund Disbursement The Central Bank of Nigeria has released the framework for NIRSAL Microfinance Bank to commence the disbursement of the N75bn Nigeria Youth Investment Fund. It said this in its statement titled ‘Framework for the operation of the NIRSAL Microfinance Bank window of the […]
MTN Nigeria Profit Shrinks To N144.24bn MTN Nigeria’s profit dropped by 3.3 per cent, recording N144.24bn profit after tax in the nine-month period ended September 30, the company’s unaudited financial report released on Wednesday has shown. MTN said its operations were impacted by the devaluation of naira, saying availability of foreign […]
CBN Increases Access To Mortgage Financing The Central Bank of Nigeria has said it has removed the restriction on non-member mortgage lenders from refinancing their mortgages with the Mortgage Refinance Company. It said it now permits the MRCs to refinance the qualifying mortgages of lenders that do not hold its equity, […]
House Insists On NBET’s Return To Power Ministry The House of Representatives, on Wednesday, expressed its opposition to the relocation of the Nigerian Bulk Electricity Company from the Federal Ministry of Power to the Ministry of Finance, Budget and National Planning. The House Committee on Power charged the Minister of Power, […]
Boeing Cuts 7,000 More Jobs, Records $449m Q3 Loss Pressured by another quarterly loss, Boeing announced Wednesday additional job cuts as it adapts to a prolonged downturn in the aviation industry. The planemaker, which has been in belt-tightening mode throughout 2020, plans to eliminate about 7,000 more jobs through the end of […]
