Telecoms sector hard hit by harsh govt policies

The Information and Communications Technology, ICT, the sector has shown great stability in recent years, holding off bad economic conditions, to contribute handsomely to the nation’s Gross Domestic Product, GDP. However, the sector, buoyed by the huge contribution of the telecommunications sub-sector is beginning to show weak signals which industry operators are not comfortable with. […]

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16 die in China shopping complex fire

Sixteen people have died in China after a fire incident at a shopping centre. Reports had it Thursday morning that the incident occurred at the shopping mall on Wednesday in the southwestern Chinese city of Zigong. Firefighters got to the fire shortly after 6 pm at the 14-storey commercial building, pulling 75 people to safety, […]

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Applicants decry N640,000 UAE visa fee hike

Following the lifting of the visa ban on Nigeria, the United Arab Emirates Government has increased its visa fee by over 300 per cent, which has been condemned by air travellers in the country. Expressing anger over the development, a traveller at the international wing of the Murtala Muhammed International Airport, Lagos, Rose Aikigbe, said […]

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Global growth remains unchanged at 3% in 2024 – IMF

The International Monetary Fund (IMF) says global growth is projected to remain unchanged at 3.2 per cent in 2024 and 3.3 per cent in 2025. This is according to the IMF’s latest World Economic Outlook (WEO) Update Report for July 2024: “The Global Economy in a Sticky Spot” released on Tuesday. The report said though […]

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FG’s policies crippling businesses — NECA, MAN, NACCIMA

The Nigeria Employers’ Consultative Association, NECA, Manufacturers Association of Nigeria, MAN, and the Nigerian Association of Chambers of Commerce Industry Mines and Agriculture, NACCIMA, have blamed hastily implemented government policy shifts without corresponding plans to mitigate the negative effects of the inception of the present government for the socio-economic crises confronting the country currently. President […]

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Jos Building Collapse: Investigative committee releases preliminary report

Director General, Nigerian Building and Road Research Institute (NBRRI), Professor Samson Duna, has disclosed that the preliminary investigation into the Saint Academy building collapse, where 22 students died in Jos, Plateau State, last week revealed that the physical observation of the building looked distressed while weak materials were used for the building. Professor Duna also […]

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