Socio-Economic Rights and Accountability Project (SERAP) has urged the government of President Muhammadu Buhari and the National Broadcasting Commission (NBC) to immediately reverse the arbitrary, unconstitutional and illegal decision to suspend Channels Television, and to impose a fine of N5 million on the station purportedly for breaching the broadcast code.” …
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IGR Of Nigerian States From 2007 To 2020
▪From 2007 to 2020, Lagos’ IGR surpassed all other states even when there was a reduction in growth rate. ▪In 2010 and 2015, the yoy (year-on-year) growth rate of Lagos’ IGR reduced. ▪Most Nigerian States generate less than 50bn Naira revenue annually; only 6 States generated above this amount in …
Read More »Off-grid power solution won’t work until grid power works, says Umeh, Century Power Boss
The Chief Executive Officer of Century Power Generation Limited, Dr. Chukwueloka Umeh has disclosed that the clamour for off-grid power as a solution to power failure in the country will continue to be a distraction to the availability of power if challenges to grid power are not resolved. He said …
Read More »Tony Elumelu Celebrates His Mother Suzanne’s 93rd Birthday (Photo)
Chairman of Heirs Holdings Tony Elumelu on Saturday said his mother was the first entrepreneur he ever knew, stating that she managed several small businesses while he and his siblings were children, Newsextra24 reports. Mr Elumelu, who is passionate about entrepreneurship in Africa, runs an annual entrepreneurship programme through his …
Read More »Fan To Tony Elumelu: ‘Buy Manchester United’ – He Reacts
Chairman of Heirs Holdings Tony Elumelu on Thursday spoke on the possibility of buying the majority stakes in Manchester United, Newsextra24 reports. There have been growing frustrations at the Glazer family, owners of the club, following its decision to join the breakaway European Super League which has now fallen through. …
Read More »States’ Cash Cruch: Governors Beg FG To Postpone $2.1bn Support Repayment
NEC faults Obaseki, says N60bn not printed to shore up March allocation Minister fixes May date, CBN explains technical challenges in further shift State governors on Thursday at the monthly meeting of the National Economic Council appealed to the Federal Government to postpone the repayment of the $2.1bn budget support …
Read More »Deborah Ojengbede Raises 1 Million Dollars For Her Tech Startup
To the surprise of the cryptocurrency world, AFEN, the first government-backed NFT initiative, held one of the quickest public sales in the crypto space on April 20th, 2021. Raising over a million dollars in her token’s sales round. Deborah Ojengbede, Chief Executive Officer of the AFEN group and a former …
Read More »GTBank Records 9% Decline in Profit After Tax to ₦45.5Bn in Q1 2020
Guaranty Trust Bank (GTBank) Plc has released its unaudited Financial Results for the period ended March 31, 2021, to the Nigerian and London Stock Exchanges. A review of the result by Brand News Day shows a resilient performance across all key financial metrics in the face of unprecedented macroeconomic challenges, …
Read More »Senate Moves To Cut Cement Prices
A move to cut the skyrocketing costs of cement began yesterday at the National Assembly. The Senate urged the Federal Government to introduce liberal policies to stimulate more investment in the manufacturing of the product. The upper chamber said such policies should include provision of industrial and larger tax incentives …
Read More »TECNO Beats Samsung, Others To Claim Africa’s Top Smartphone Brand 2020
TECNO Mobile has regained it top spot as Africa’s Top Smartphone Brand of the year 2020 after displacing Samsung Mobile, riding on a successful launch of models in the affordable segment and continued market spending, according to Counterpoint Research’s Market Monitor service. The Transsion brand achieved this feat against the …
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