The Mobile Telephone Network (MTN) and MAFAB Communications Ltd have emerged winners of the Nigerian Communications Commission’s (NCC’s) 3.5 gigahertz (Ghz) Fifth Generation (5G) Technology spectrum auction. The Fifth Generation (5G) Technology spectrum auction ended with the total sum of $273.6 million per lot of 100 MHz TDD. The bidding was in two stages that came in Main stage and Assignment stage. In the assignment stage, two slots of 100MHzTDD available at 3.5GHz band were for bidding to support the delivery of broadband services for the deployment of 5G in Nigeria. The bidders were: Mobile Telephone Network (MTN), Airtel Nigeria…
Author: Newsdesk
The Nigerian Exchange (NGX) says the value of the country’s green bonds market has grown to N55.52 billion in four years, from 2017 to 2021. The Chief Executive Officer, NGX, Mr Temi Popoola, said this during the Sustainable Finance Training 2021 hosted by the NGX in collaboration with the International Finance Corporation (IFC) on Monday in Lagos. Popoola said it was noteworthy that the size of the green bond market currently stood at N55.52 billion ($133.8 million). Popoola added that the NGX was committed to fostering the growth of sustainable financial products which integrated the financial risks and opportunities associated…
The Independent National Electoral Commission (INEC) on Monday said ultimately, the onus of having a new electoral framework ahead of the 2023 general elections resides with the National Assembly and the Presidency. INEC’s Commissioner, Festus Okoye, said this at the Nigeria Civil Society Situation Room National Stakeholders’ Forum on Elections in Abuja. According to Okoye, as far as the electoral management body is concerned, INEC is still operating with the existing electoral legal framework because the new one is still in incumbent. He said that there were some fundamental issues around the new electoral framework, one of the big issues…
A Federal High Court, Abuja, on Monday, fixed December 21 to hear all pending applications in a suit filed by the 36 state governors over plan to deduct monies accruing to them from federation account to settle 418 million dollars judgment debt in relation to Paris Club Refund. Justice Inyang Ekwo fixed the date after taking arguments for and against the plaintiffs’ application for interlocutory injunction from counsel to the parties in the suit. Justice Ekwo, who refused to grant the prayers on the motion on notice for interlocutory injunction by the plaintiffs on the grounds that the jurisdiction of…
Omicron is likely to become the dominant form of the Coronavirus (COVID-19) in Europe within the next month, overtaking other variants such as Delta, according to an expert. “At the moment, Omicron is still rare in Europe,’’ Richard Neher, head of the Evolution of Viruses and Bacteria research group at the University of Basel, said on Monday in an interview published on the university’s website on Monday. “But if the evolution continues like this, Omicron will be predominant in Europe in about two to four weeks,’’ he said. Data from Denmark and Britain suggest that the number of Omicron infections…
The Attorney-General of the Federation and Minister of Justice Abubakar Malami, SAN says Nigeria is collaborating with various jurisdictions in its efforts to recover stolen assets stashed abroad. Malami made this known at the ninth session of the Conference of States Parties to the United Nations Convention Against Corruption (UNCAC) holding in Sharm El Sheik, Egypt. The minister in a statement by Dr Umar Gwandu, his Special Assistant on Media and Public Relations, on Monday noted that the essence was to further highlight the importance of beneficial ownership transparency. He said Nigeria, together with Pakistan, State of Palestine, Peru, Saudi…
The Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari has attributed the high price of Liquefied Petroleum Gas (LPG) to the rising price of crude oil and its derivatives at the world market. Kyari stated this at the inauguration of the Emadeb Energy Services Limited’s 120MT LPG Storage and Bottling Plant in Abuja. He, however, assured Nigerians that the NNPC Limited was working round the clock to boost the supply of LPG to ensure a crash of the price. Residents of Abuja and environs now spend between N8,500 and N9,500 to for a 12kg gas…
Sokoto state governor, Aminu Tambuwal Monday night met President Muhammadu Buhari over the rising banditry in the state. A statement by the special adviser, media and publicity to the governor, Muhammad Bello said the Tambuwal called on the president to declare a full scale state of emergency in all areas where criminals and bandits are domiciled. He emphasised that the state of emergency would enable the armed forces to carry out their operations without let or hindrance in all enclaves affected by the declaration. “These operations, once conceived and ready for execution, should be carried out simultaneously in the states…
By Abujah Racheal The Federal Minister of Health says it is committed to eliminating Neglected Tropical Diseases (NTDs) in Nigeria. The Minister of State for Health, Sen. Adeleke Mamora, gave the assurance on Monday in Abuja at a round table on eliminating NTDs in the country. Progress is being made against neglected tropical diseases, a group of 20 diseases that debilitate, disfigure and kill. About 43 countries have eliminated at least one NTD where 600 million people no longer require treatment. Some of these diseases that have plagued humanity for centuries, such as sleeping sickness and Guinea worm disease, are…
Justice A. T. Mohammed of the Federal High Court sitting in Port Harcourt, Rivers State, has convicted and sentenced a fake oil magnate, Dr. Vincent Ayigor to a total number of one hundred and seventy five ( 175) years imprisonment, for duping an American, Joseph Crews, a sum of $ 629, 287 (Six Hundred and Twenty Nine Thousand, Two Hundred and Eighty Seven US Dollars only), in a crude oil supply scam. He was jailed on Wednesday, December 8, 2021. Ayigor was arraigned, alongside his company, Vanyigor Concepts Limited, before Justice M. A. Liman of the Federal High Court sitting…