Author: Our Reporter
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NCC moves to formulate policies on 5G
The Nigerian Communication Commission (NCC) says it is working vigorously with multi-sector stakeholders to formulate policies for the 5th generation (5G) mobile network. The Executive Vice Chairman of NCC, Prof. Umaru Danbatta, made this known on Wednesday during a virtual innovative tech forum organised by Nigeria Information Technology Reporters Association (NITRA). The theme of the…
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World Bank president commends FG for removing fuel subsidy
Mr David Malpass, President of the World Bank Group, has commended the Federal Government for removing subsidies on petroleum products. He said this in Washington D. C. on Wednesday at the opening press conference for the World Bank at the ongoing 2020 International Monetary Fund (IMF)/World Bank virtual annual meetings. Malpass was responding to a…
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NIPOST designates Kano State as eCommerce hub
The Nigerian Postal Service (NIPOST), has designated Kano State as an eCommerce hub, to boost online trade and services in the country. NIPOST Post-Master General, Dr Isma’ila Adewusi, said this when he paid a courtesy visit on Gov. Abdullahi Ganduje, in Kano. “Looking at the rapid development taking place in the state, Kano will now…
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Oxford scientists develop five-minute COVID-19 antigen test
Scientists from Britain’s University of Oxford have developed a rapid COVID-19 test able to identify the coronavirus in less than five minutes. Researchers said on Thursday, adding that it could be used in mass testing at airports and businesses. The university said it hoped to start product development of the testing device in early 2021…
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NNPC cuts loss by 99.7% – Report
The Nigerian National Petroleum Corporation (NNPC) says it has recorded a 99.7 per cent reduction in its loss profile from ₦803billion in 2018 to ₦1.7billion in 2019. NNPC disclosed this in its 2019 Audited Financial Statement (AFS), released by Dr kennie Obateru, spokesman for the corporation, in Abuja, on Thursday. It will be recalled that…
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Israel to lift coronavirus restrictions on air travel
Coronavirus restrictions on Israelis wishing to travel abroad will be lifted, starting on Friday, according to the Health and Transportation Ministries. Under the current lockdown regulations, only Israelis in special circumstances and those, who had booked flights before a nationwide lockdown began, are permitted to take international flights. Israelis are currently limited to a one-kilometre…
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Shares in K-pop group BTS’ management label Big Hit drop after debut
Shares in Big Hit Entertainment 352820.KS defied the pre-listing hype to dip on their first day of trade on Thursday, giving the management label of South Korean superstar K-pop group BTS a market valuation of 8.7 trillion Won (5.8 billion pounds). Big Hit, which relies heavily on the boy band for revenue, doubled its initial…
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FG reiterates commitment to tackle food insecurity
The federal Government has reiterated its commitment to tackling food insecurity and ensure Nigeria becomes a sovereign nation in Africa through its green alternative programme. Alhaji Muhammad Nanono, the Minister of Agriculture and Rural Development, made this known in Abuja during the World Food Symposium for 2020 World Food Day Celebration. The World Food Day…
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Chinese city tests 10m people for COVID-19 in 4 days
A Chinese city tested almost 10 million people for COVID-19 in four days following the appearance of a cluster of cases, local authorities said on Thursday. A total of 13 infections have been discovered since the weekend. Altogether, 9.94 million samples were collected, of which 7.6 million had been processed by early Thursday. The cases…
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NCDC records 179 new COVID-19 infections in Nigeria
The Nigeria Center for Disease Control (NCDC), has announced 179 new COVID-19 infections in the country. The NCDC made this known on its official twitter handle on Wednesday. The News Agency of Nigeria (NAN), reports that a total of 13 states have recorded 179 new infections in the country in the last 24 hours. The…