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Babajide Iletogun

Nigerian Banks to Charge N6.98 for USSD Services

The Central Bank of Nigeria and Nigerian Communications Commission have jointly approve the introduction of new charges for customers using the Unstructured Supplementary Service Data services (USSD). This was contained in a statement released on Tuesday and jointly signed by the apex bank’s Acting Director, Corporate Communications, Osita Nwanisobi; and …

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Nigeria’s Unemployment Rate Hits 33.3% in Q4 2020

Nigeria’s unemployment rate rose from 27.1 per cent in the second quarter of 2020 to 33.3 per cent in the fourth quarter of 2020, latest figures from the National Bureau of Statistics showed on Monday. The NBS stated in its report on ‘Labour force Statistics: Unemployment and underemployment report- Abridged …

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Oil Prices Drop Amid Worrying Developments on COVID-19

Oil prices extended losses on Tuesday, amid worrying developments on the COVID-19 front. Major European nations, including Germany, France, Italy, and Spain, reportedly suspended the use of AstraZeneca’s COVID-19 vaccine Monday over reports of dangerous blood clots in some recipients. In China, meantime, there were 13 new virus cases on …

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Nigeria Allocates 0.5% of GDP to Development of Science, Technology

President Muhammadu Buhari, said that the Federal Government has allocated 0.5% of the country’s annual GDP (Gross Domestic Product), to improve investment and aid the development of Science, Technology and Innovation in the country. The president disclosed that the investment in STI is in line with the African Union resolution …

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