Deepening telecoms VAS market growth

After several consultations, the Nigerian Communications Commission (NCC) has released a new framework that has restructured the country’s telecoms value added service (VAS) sub-sector in order to create sanity in the market while boosting the sub-sector’s contribution to the overall telecoms industry. KUNLE AZEEZ reports Nigeria’s telecoms value added service (VAS) market has remained largely unregulated in line with international best practices. Having realised this and recognising the need to restructure the sub-sector, the Nigerian Communications Commission (NCC), known for its culture of wider industry consultations before embarking on any…

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‘Intellectual development of youth necessary for sustainable growth’

  Leaders at all levels in the country have been called upon to pay attention to the intellectual development of the youth if the country must attain sustainable growth.   Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, gave this charge at a book launch in Abuja. Dr. Baru, who was the special guest at the public presentation of the book entitled: “Preferred Above My Peers” written by Mrs. Betty Amechi Anekwe- Ugona, Executive Director, Storage, Nigerian Pipelines and Storage Company (NPSC), a subsidiary of…

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How construction, real estate can drive growth, by experts

Worried by the decline recorded in their sectors in the last one  and half years, stakeholders in the construction and real estate industry have suggested ways  out of the woods. DAYO AYEYEMI reports While the dust raised by the 2017 third quarter data on Nigerian’s Gross Domestic Product (GDP) published by the National Bureau of Statistics (NBS) is yet to settle, continuous decline in the real estate and construction sectors of the economy has become a source of worry for practitioners in the built environment. Some of them, especially developers,…

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NAAT: Poor budgetary allocation affecting technological growth

The National Association of Academic Technologists (NAAT) has expressed dismay over the failure of any Nigerian university to be ranked among the first 500 in the world. The union described the situation as unfortunate, saying this was not unconnected with the low budgetary allocation to the education sector, which has consistently fallen below the UNESCO benchmark of 26 per cent. In a communiqué reached at the end of its National Executive Council (NEC) meeting and signed by its General Secretary, Comrade Hamilton Iyoyo, NAAT urged both Federal and state governments…

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Exploring new source of growth for real estate market

Issues affecting real estate investment were, again, brought to the fore by stakeholders recently with  a resolution to rethink business strategies for the growth of the sector. DAYO AYEYEMI reports Leaders in real estate sector are not taking anything for granted as they have all agreed to rethink their business strategies for growth. This, according the experts, will allow them to adapt to the dynamic changes within their operating environment. Converging on Lagos  for the annual Ruth Obih – led Real Estate Unite (REU), the practitioners, comprising developers, investment bankers,…

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Local oil firms walking a tight rope

Indigenous firms are the worst-hit by myriads of challenges bedeviling the oil and gas industry. ADEOLA YUSUF reports on how many of them are running into bankruptcy     Aiteo, an indigenous oil firm, made the headlines penultimate week; basking in the euphoria of its new status as the biggest Nigerian- owned oil firm in terms of production, hitherto known by many as the petroleum product trading firm, it announced the production of the largest share of the 313,602 barrels per day output from indigenous companies. The firm’s management cannot…

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ICPC institutes anti-graft monitoring unit in EKSU

Towards building capacity for corruption-free and transparent system, the Independent Corrupt Practices Commission (ICPC) has inaugurated the Ekiti State University (EKSU) chapter of the Anti-Corruption and Transparency Monitoring Unit (ACTMU). The inauguration of the unit, according to the university, is in line with the vision of the Vice-Chancellor, Prof. Samuel Oye Bandele, to run a corruption-free system and transparent financial operations. The vice-chancellor, during his meeting with the unit, expressed satisfaction with the establishment and operation of the anti-corruption and transparency monitoring unit, even as he commended their efforts towards…

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