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ABUJA — The Nigerian Communications Commission (NCC) has declared MTN Nigeria Plc, Mafab Communications Limited, and Airtel Networks Limited, the approved bidders of the forthcoming 3.5 gigahertz (GHz) spectrum auction. The spectrum auction is for the deployment of the fifth-generation (5G) networks. Ikechukwu Adinde, NCC’s director of public affairs, said this in a statement issued on Thursday. According to the commission, the qualified bidders met the criteria for participation in the licensing process of the...

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ABUJA — President of the African Development Bank (AfDB), Akinwumi Adesina, has said, the fact that the country’s tax to gross domestic product (GDP) ratio is low does not justify the incessant tax increase. He indicated that although the country’s tax to gross domestic product (GDP) ratio is at 6.1 percent, the FG must exercise restraint in tax increment. The AfDB boss said this on Tuesday in Abuja while delivering a lecture at the 51st...

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ABUJA — Vice President Yemi Osinbajo, SAN, has said that with more room to redefine the exchange for international competitiveness and the largest concentration of young people in the primary market, Nigeria is in a better position to advance its capital markets locally and globally. He stated this in his keynote speech today in Abuja at the first Capital Market Conference of the Nigerian Exchange Group. The VP spoke at the event with the theme,...

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The Chief Executive Officer of microblogging platform Twitter, Jack Dorsey, has resigned. He announced his resignation on Monday, after 16 years of co-founding the social media company. “I resigned from Twitter,” he wrote and posted a screenshot of his resignation letter sent to Twitter. He also announced Parag Agrawal as his successor. Dorsey has not been in the good books of the Nigerian government since October 2020, over an allegation that he was complicit in the...

The Chief executive officer of microblogging platform Twitter, Jack Dorsey, has announced his resignation in a statement yesterday. He was co-founding the microblogging platform for 16 years now. Dorsey said he has worked hard to ensure that the company breaks away from its founding and founders.  “After almost 16 years of having a role at our company, from co-founder to CEO to chair to executive chair to interim-CEO to CEO. “I decided it’s finally time...

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ABUJA — The Nigeria Labour Congress (NLC) rejected the planned petroleum price increase by the Federal Government by next year. The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, announced that petrol could cost as much as N340 from February 2022. While the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed announced government’s plans to disburse N5000 to 40 million poorest Nigerians each as transport grants to cushion the effect...

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ABUJA — The Senate on Thursday said it had asked the management of the Federal Character Commission to react in writing, to the secret recruitment being allegedly carried out by federal ministries, departments and agencies. The Chairman, Senate Committee on Federal Character Commission and Inter-Governmental Affairs, Senator Danjuma La’ah, stated this in an exclusive interview with our correspondent in Abuja. He said the FCC management was also expected to show documentary evidence that there was...

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ABUJA — The senate committee on finance has said the 2022 budget did not include the N5,000 transportation grant proposed for N40 million poor Nigerians. A few days ago, the minister of finance, budget, and national planning, Zainab Ahmed, had announced that the country would remove petrol subsidy by 2022 and replace it with an N5000-a-month transportation grant to the poorest of the country’s population. However, the senate committee argued that there is no provision...

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ABUJA — President Muhammadu Buhari has again shown that he is a compassionate leader with his approval of a 4th multi-billion naira bailout for states in six years. The Buhari Media Organisation said in a statement signed by its Chairman Niyi Akinsiju and Secretary Cassidy Madueke, that the decision to disburse N656billion to be shared among the 36 States as budget support facility was totally unexpected. According to the group, “we were pleasantly surprised when...

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ABUJA — Governors of the 36 states of the federation have argued that if the fuel subsidy regime continues, some state governments would be unable to pay salaries in 2022, and agreed to back the Federal Government’s plan to give poor Nigerians N5,000 transport palliative. Nasir El-Rufai, Governor of Kaduna State who disclosed this on Tuesday during the launch of the World Banks’ November 2021 Nigeria Development Update report in Abuja, decried the high cost...

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