Sunday , 24 November 2024

Author Archives: NewsThumb Magz

MTN, others plan $4.8bn investment in Nigeria

Ten companies are planning to invest the sum of $4.8bn in various sectors of the Nigerian economy, the Nigerian Investment Promotion Commission has said. Highlights of the investment plans are contained in a report released by the NIPC. The report stated that out of the $4.8bn, 328 Support Services plans to invest about $2bn in the transportation sector. The investment, ... Read More »

COVID 19 : ‘No agreement yet on free electricity’

NO decision has been taken on the proposed House of Representatives’ two- month free electricity for Nigerians, Eko Electricity Distribution Company (EKEDC) has stated. Its General Manager, Corporate Communications, Godwin Idemudia, noted that while the company supports the proposed intervention by the Federal Government, the details of the proposal are, however, still being worked upon by relevant stakeholders. Idemudia said ... Read More »

Update : NCDC Confirms 204 New Cases of COVID-19 in Nigeria

The Nigeria center for disease control (NCDC) has announced the confirmation of 204 new cases of COVID-19.   NCDC made the announcement through its Twitter handle few minutes ago. “204 new cases of #COVID19 reported;” List of the State : 80-Kano 45-Lagos 12-Gombe 9-Bauchi 9-Sokoto 7-Borno 7-Edo 6-Rivers 6-Ogun 4-FCT 4-Akwa Ibom 4-Bayelsa 3-Kaduna 2-Oyo 2-Delta 2-Nasarawa 1-Ondo 1-Kebbi “11:50pm ... Read More »

Q1, 2020 – Ecobank Records significant increase in customers adoption of digital channels

….  Reports Profit Before Tax of $90 million on net revenues of $393 million Business Highlights Recorded significant increases in customer adoption rates on our digital/online channels across our businesses. Adoption rates are expected to accelerate as COVID-19 induced lockdowns changes consumer behavior. The number and value of transactions grew by 8% and 15% to 4m and $6.1bn, respectively, on Ecobank Omni+, Corporate ... Read More »

Sanwo-Olu’s development agenda for Lagos

The sprawling megacity of Lagos, with over 20 million residents, is the cultural and economic heart of Nigeria. For over two decades, the state has embarked on audacious infrastructure renewal projects that are capital intensive. The execution of ongoing projects alone, let alone the challenges of urban sustainability in the context of Lagos make governing the state a herculean task. ... Read More »

Covid19 Lockdown:  Senator Osinowo Support  His Constituency with Palliative relief

The Senator representing Lagos East Senatorial District in the Nigeria’s Upper Legislative Chamber, Senator Sikiru Adebayo Osinowo, has rolled out bumper Covid-19 relief, Senator who is also the Chairman of the Senate Committee on Industry, while speaking on the programme, said he rolled out the food package to ameliorate the tension mounted by the Covid 19 lockdown. Senator Osinowo stated ... Read More »

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