NBC: Stakeholders engage for industry revitalization, review of proposed Broadcasting Revenue System

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NBC DG Charles Ebuebu

In a bid to address the economic challenges facing the broadcasting industry, the new Director-General of the National Broadcasting Commission (NBC), Charles Ebuebu, yesterday engaged stakeholders in Abuja for a way forward. The NBC DG, dur​ing the ​Interactive Stakeholders meeting yesterday, ​explained that the new NBC would move to meet emerging economic challenges in the country as it affects the Broadcasting, as requested by the Chairman of the Independent Broadcasting Association of Nigeria (IBAN), Alhaji (Dr.) Ahmed Tijjani Ramalan. He ​further said he will also soon consider and propose the…

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Tinubu launches Consumer Credit Scheme across Nigeria

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Tinubu launches

President Bola Tinubu has approved the launch of the first phase of the Consumer Credit Scheme in Nigeria, a programme designed to offer credit facilities too working citizens in the country.   The President’s Special Adviser on Media and Publicity, Ajuri Ngelale, said this in a statement on Tuesday, in Abuja.   According to the statement, the initiative would be implemented in stages, beginning with civil service members and then extending to the general public.   Ngelale noted that working Nigerians interested in receiving consumer credit can visit credicorp.ng to express interest.  ​Furthermore, Ngelale…

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Lingering ​Power Outages: Nigerians express frustration, demand speedy resolution

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Power Outages

​Small business operators and residents in parts of the country have continued to decry the almost total power outage in their area, which has almost paralysed business activities. The development, they said, had impacted negatively on both their economic and social lives. According to them, they can no longer make ends meet as it has become difficult for them to cater to their families’ needs. The power outage, which cuts across almost all of the country, has lingered for over two months. The story is the same from Kaduna, Jigawa,…

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Probe: Kaduna Assembly demands el-Rufai’s financial transactions from Finance Ministry​

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KD Assembly probe

Kaduna State House of Assembly has written to the State’s Ministry of Finance, demanding details of financial transactions under former governor Nasir el-Rufa’i’s administration between 2015 and 2023. This was in connection with the State Assembly’s probe of all finances, loans and contract projects awarded under the el-Rufa’i administration. The probe by the state Assembly comes weeks after the incumbent Governor of Kaduna State, Uba Sani, lamented that el-Rufa’i left him a huge debt profile. Sani, who spoke during a town hall meeting in Kaduna, said he inherited a lean…

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MultiChoice laments economic woes

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MutiChoice banner

MultiChoice Nigeria has once again increased the prices of its DStv and GOtv packages, citing economic woes in Nigeria. In an issued statement yesterday, MultiChoice disclosed that the new price would take effect from May 1. “We understand the impact this change may have on you – our valued customer”, said MultiChoice, in a statement to its customers. The company’s updated price list showed a 25 percent increase in the price of its packages across the board. The new price hike came just four months after a previous hike in…

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‘​Tinubu’s DSS repeatedly violated Emefiele’s human rights’ – U.S.

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US on Emefiele

The Department of State Service (DSS) attached to Nigeria’s President, Bola Tinubu, violated the rights of former Central Bank of Nigeria (CBN) governor, Godwin Emefiele, a report by the United States (U.S.) government has revealed. Recall that Emefiele, who supervised different unfavourable economic reforms and policy in the country’s apex bank, was suspended by Tinubu in June, last year. According to the U.S. annual global report on human rights, during the arrest of Emefiele, a fight broke out between the operatives of the DSS and the Nigerian Correctional Service officers.…

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Bleeding Economy: Stakeholders want stiffer penalties for crude oil thieves

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crude oil thieves

Stakeholders and groups have called for tougher measures to contain the massive oil theft in Nigeria, not only to eradicate the scourge but to bring perpetrators to justice. Nigeria has consistently blamed massive oil theft, declining investment, and outright sabotage for its inability to meet 1.5 million barrels a day bpd OPEC quota. This is as Civil Society Organisations (CSOs) in the country have explained why oil bunkering and oil theft persist in Nigeria, attributing it to corruption and the activities of State actors. According to the CSOs, no country…

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FG revokes 924 dormant mining licences

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FG mining licences

…Eyes new investors The Federal Government has revoked an additional 924 dormant mineral licences with immediate effect. According to Dele Alake, minister of solid minerals development, the affected titles include 528 exploration licences, 20 mining leases, 101 quarry licences, and 273 small-scale mining licences. In November, more than 1,600 mining titles were revoked for non-payment of statutory fees as part of sweeping reforms in the sector. Speaking during the briefing on Wednesday, Alake lamented the high rate of licence racketeering, as well as dormant mineral licences, which he assured of…

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Alleged N80bn Fraud:” I’ll resign If Yahaya Bello escapes prosecution”, EFCC Chair, Olukoyode

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EFCC Yahaya Bello

The Chairman of the Economic and Financial Crimes Commission, (EFCC), Ola Olukoyede, has said he will resign from office if former Kogi State governor, Yahaya Bello, is not eventually prosecuted for the fraud allegations levelled against him. The EFCC boss, who disclosed this yesterday, during an interactive session with media executives at the EFCC Headquarters, Abuja, said, “I’m so passionate about the need for us to move forward in this country. “The particulars of his case are there. It is before the court. He removed money directly to a Bureau…

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FG orders sale of failed KEDCO, AEDC, Benin, Kaduna DisCos, unbundles 11 others

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FG on DisCos

Power distribution companies (DisCos) in Nigeria are currently being unbundled along State lines due to their large sizes that often result in efficiency and ineffectiveness, the Federal Government declared on Monday. It stated that the privatisation of the firms would not be reversed, but stressed that the DisCos would be broken into more efficient structures along State lines so as to be able to deliver on their mandates. This came as the Federal Government also ordered the sale of DisCos that have been taken over by banks and the Assets…

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