Joseph Bakare The decision by Starlink to unilaterally review its subscription packages upwards did not receive the approval of the Nigerian Communications Commission (NCC). The action of the company is in contravention of Sections 108 and 111 of the Nigerian Communications Act (NCA), 2003, and Starlink’s Licence Conditions regarding tariffs. The Commission has therefore commenced pre-enforcement action on the licensee on the 3rd of October, 2024.
Author: Orientalnews Staff
Valentine Okafor The Executive Vice Chairman/CEO, National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Suleiman Halilu, has said that achieving the Agency’s goals require a high level of professional proficiency and technical expertise in procurement management. This call, Halilu said, is essential in order to achieve the overall mandate and goals of the agency. In his welcome address at the opening of ceremony of the 2024 three-day in-house training for procurement officers and other participating staff from NASENI system-wide, which commenced on Tuesday in Abuja, he stated that the Agency wanted to be the best in everything…
Joseph Bakare The Chief of the Air Staff (CAS), Air Marshal Hasan Abubakar, has approved the appointment of Air Commodore Olusola Akinboyewa as the new Director of Public Relations and Information (DOPRI) for the Nigerian Air Force (NAF). The CAS also approved the redeployment of the erstwhile DOPRI, Air Vice Marshal Edward Gabkwet, to the newly established NAF Civil-Military Relations Branch as Director of Coordination and Cooperation. This strategic realignment is part of the NAF’s ongoing efforts to strengthen its public and community engagement functions, while also ensuring a more robust and effective interface with the general public and stakeholders. …
Tunde Bakare Justice O.O. Abike-Fadipe of the Special Offences Court sitting in Ikeja, Lagos, on Tuesday, October 8, 2024, convicted and sentenced one Nonso Joseph Ekeocha to one year imprisonment for possession of fraudulent documents. Ekeocha was prosecuted by the Lagos Directorate of the Economic and Financial Crimes Commission, EFCC, on a one-count charge bordering on possession of fraudulent documents used to perpetrate romance scam. The count reads: “Nonso Joseph Ekeocha, on or about the 27th June, 2024 in Lagos, within the judicial division of this Honourable Court, with intent to defraud, had in your possession, ‘Instagram Profile Account’,…
Joseph Bakare Operatives of the Uyo Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, have apprehended 13 suspected internet fraudsters in Nwaniba area of Uyo, Akwa Ibom State. They were arrested on Monday, October 7, 2024 in a sting operation following credible intelligence on their fraudulent internet activities. Items recovered from them include, Lexus 350 saloon car with registration number BGK 698 SU Abia, Lexus 350 saloon car with registration number ABC 573 BC, Toyota Camry V6 car with registration number, UYY 888 HR Akwa Ibom, Toyota Corolla car with registration number, KTM 613 AA Akwa Ibom, six laptop computers and 20 smartphones.…
Yemisi Izuora To increase access to sustainable finance in Nigeria, Canada’s Development Finance Institution, FinDev Canada, provides a loan of up to US$ 40 million to Stanbic IBTC. This loan to Stanbic IBTC, a member of Standard Bank Group, Africa’s largest bank by assets, paves the way to a long-term partnership in the Sub-Saharan African region. FinDev Canada’s loan will support Stanbic IBTC Bank’s sustainability-related activities in Nigeria and support the development of productive sectors of the economy, including agribusiness, health, education, affordable housing, and sustainable infrastructure. It will also increase access to finance for micro, small and…
Yemisi Izuora Ecobank Nigeria has reaffirmed its dedication to exceptional customer service as it celebrates Customer Service Week. This international observance highlights the significance of customer service and those who support customers daily. The global theme for this year’s celebration, running from October 7 to 11, is “Above & Beyond.” During the event’s kickoff, Adetola Oshomah, Head of Customer Experience at Ecobank Nigeria, emphasized that this week offers a chance for the bank to express gratitude to customers for selecting Ecobank as their financial partner. She highlighted the bank’s commitment to consistently exceeding expectations in service delivery.…
A candid statement published by the Ministry of Health on the occasion of 2024 World Sickle Cell Day caught my eye a few weeks ago. It spoke about the systemic issues that plague many countries in the WHO Africa region, including Nigeria, in tackling Sickle Cell Diseases. In many ways, it was reflective of why Nigeria has earned the reputation of being the Sickle Cell Capital of the World. The statement reads as follows: “Sickle Cell disease is the most prevalent genetic disease in the WHO African Region. In many countries of the region including Nigeria, 10%–40% of the…
…With Islamic Finance Industry Portfolio Rise To $3.8Bn Yemisi Izuora Foreign capital inflow into Nigeria has risen to $6 billion in the first half of 2024 from last year as portfolio investors returned after the Federal Government eased currency controls. The National Bureau of Statistics (NBS) said inflows rose to $5.98 billion between January and June this year, up from $2.16 billion during the same period in 2023. The United Kingdom and Netherlands were the biggest sources of capital, with portfolio investors piling into the country’s banking sector. The Central Bank of Nigeria (CBN) has allowed the naira currency…
Yemisi Izuora Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings, has officially kicked off the third season of its acclaimed FUZE Talent Show with the unveiling of a panel of judges. The event at the Stanbic IBTC Towers in Lagos set the stage for what promises to be the most exciting edition yet, of the youth-centric talent discovery platform. In his address, Olumide Oyetan, Chief Executive, Stanbic IBTC Pension Managers, revealed this year’s theme: ‘Light it up’. The theme encapsulates the show’s mission to illuminate and celebrate Nigerian youths’ boundless creativity and talent. Olumide emphasized the…