Top Story World

U.S. Democrats pass $1 trillion infrastructure bill, ending daylong standoff

In picture above: A box containing an enrolled bill is wheeled through a hallway after the bipartisan infrastructure bill package passed in the House at the U.S. Capitol in Washington, U.S., November 6, 2021. REUTERS/Elizabeth Frantz WASHINGTON, Nov 6 (Reuters) – After a daylong standoff, Democrats set aside divisions between progressives and centrists to pass Read More…

Nigeria Telecommunications Top Story

Nigeria ready to deploy 5G technology with impending auction of 3.5GHz telecom spectrum

It is no longer a question of if but when Nigeria will unbundle the 5th Generation mobile network (5G technology). This reality is coming with the impending auction of the 3.5GHz spectrum band. On Thursday, a stakeholder engagement forum was held at the Marriott Hotel, Ikeja, on the draft Information Memorandum (IM) on the auction Read More…

Business Oil & Gas Top Story

COP 26: Akinwumi Adesina advocates gas for stable power supply

Says even if Africa triples gas consumption, only 0.67% of global gas will be emitted African Development Bank President Akinwumi Adesina said on Thursday that gas remained critical for African economies despite the global push to end investments in fossil fuels as the world transitions to cleaner fuels. Speaking from the side-lines at the COP26 Read More…

Business Telecommunications Top Story

MTN Group sells 575 million ordinary shares in Nigerian business

The MTN Group has announced plans to sell 575 million shares in MTN Nigeria. This is contained in a notice signed by the Company Secretary, Mrs Uto Ukpanah on Thursday in Lagos. The statement said the public offer would be by way of book build to institutional investors and fixed prices to retail investors. “Today Read More…

Legal Metro Top Story

All receipts, contracts issued without NIPOST stamp denotation are now illegal

It is now illegal for receipts or documents to be issued without the stamp denotation of the Nigerian Postal Service (NIPOST). This was declared on Thursday when NIPOST officially launched the stamp denotation implementation for traders at the Alaba International Market, Ojo, in Lagos, according to a News Agency of Nigeria (NAN) report. Dr Ismail Read More…

Metro Top Story

Fatalities at collapsed building now 39, owner among the dead

A report by the News Agency of Nigeria (NAN) says the casualty figure at the collapsed 21-storey high-rise building at Gerrard Road, Ikoyi, now stands at 39. Among the dead, according to NAN quoting a reliable source, is MD/CEO Fourscore Homes, owner of the collapsed building, Femi Osibona. The report says the bodies retrieved from Read More…

Metro Top Story

Lagos govt declares 3-day mourning as death toll from Ikoyi 21-storey high-rise collapse is now 32

In picture above: Lagos State Governor, Mr. Babajide Sanwo-Olu (second right), Commissioner for Special Duties & Inter-Government Relations, Engr. Tayo Bamgbose-Martins (right) and Director-General, Lagos State Emergency Management Agency (LASEMA), Dr. Femi Oke-Osanyintolu (left) during a revisit to the site of the Ikoyi building collapse, on Thursday, November 4, 2021. Credit: LASG The Lagos State Read More…