The Federal Government says it will spend about 2.7 billion dollars for the concession of narrow gauge rail lines in the country. The Minister of Transportation, Mr Rotimi Amaechi who disclosed this on Monday according to the News Agency of Nigeria (NAN), reports.

Dollar Down From Four-Month Highs Ahead Of U.S. Jobs Data

The dollar held steady against a basket of currencies on Friday, having retreated from four-month highs on profit-taking, with the focus on whether U.S. jobs data will provide the spark for another push higher, Reuter's news agency reports.

The dollar has erased all its 2018 losses over the past few weeks on expectations the Federal Reserve will continue to raise interest rates while other central banks, including the European Central Bank, take longer to reduce stimulus.

Additional dollar gains will likely depend on data showing a further improvement in growth and inflation, which could fan speculation that the U.S. central bank will raise interest rates this year three more times.

The Nigerian Government says it has simplified processes for paying taxes and obtaining Nigerian visas. The Vice President stated this at the opening event of Open Government Partnership, OGP, week in Abuja, Nigeria’s Capital. The Vice President spoke on measures put in place by the Nigerian Government to promote a transparent government.

NAICOM Warns Job Seekers Against Fraudsters

The National Insurance Commission (NAICOM) has urged job seekers in the country to beware of fraudsters.

NAICOM’s Head of Corporate Affairs, Mr Rasaaq Salami who disclosed this in a statement in Abuja on Thursday said the agency was not recruiting new staff as was being circulated on the internet.

The Nigerian National Petroleum Corporation (NNPC) has disowned a recruitment advertisement currently trending in the social media, urging members of the public to disregard same. According to NAN, the advertisement, set in NNPC’s corporate colour with its logo, invites candidates with background in Sciences, Engineering, Business/Finance, Social Sciences, Arts/Humanities as well as Medical/Health Sciences to apply,

AFDB To Partner Nigeria On Youth Development

Director of Human Capital, Youth and Skills Development, AFDB, Ms Oley Dibba-Wadda disclosed this in an interview in Abidjan, Cote de’ Ivoire, NAN reports.

“We are working with the government now to organise the private sector roundtable and we will be looking at how to support youth development.

“The country requested for that and they have sent a letter to the president and so, we are looking at how we will support them.

The Vice President, Power, Energy, Climate and Growth complex of African Development Bank, Mr Amadou Hott says the bank has approved a grant of 1.5 million dollars (N540 million) to support power project in Jigawa state. Hott disclosed this in an interview with the News Agency of Nigeria in Abidjan, on Saturday.

MTN Nigeria's Revenue Grow By 14.4 Per Cent

Telecommunications firm, MTN Nigeria has claimed a strong quarterly result for the period ended March 31, 2018.

MTN said while subscriptions to its network grew by 4.3 percent quarter on quarter (QoQ) basis to 54.5 million, its constant currency (organic) service revenue increased by 14.4 percent and data revenue increased 73.2 percent year-on-year (YoY) and 15.2 percent growth in voice revenue.

According to the Guardian, The telecommunications firm, which currently controls 36.4 per cent of Nigeria’s telecoms market, noted that in the first quarter of 2018, its Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) margin expanded to 41.8 per cent given well-controlled expenses and a stable naira.

The Nigerian Police in Friday declared wanted four of the gang leaders who participated in the bloody bank robbery incidents in Offa on 4 April, releasing simultaneously their photographs while carrying out the attack. The images as received by Vigil360 were the clearest, since the incident took place exactly a month ago.

Telecom Operators Want NCC Look Into Indebtedness Of Small Companies

Telecommunications operators on Wednesday called on the Nigerian Communications Commission (NCC) to pay attention to the indebtedness of smaller telecom operators and support them to survive the competition.

Chairman, Association of Telecommunications Operators of Nigeria (ALTON), Mr Gbenga Adebayo, made the call at a telecom stakeholders’ forum in Lagos.

The forum organised by NCC was to discuss the level of competition in Nigeria’s telecommunications industry.

Adebayo said that reports and studies had revealed that big telecom operators survive better than small ones, urging that NCC should identify small operators in debt and assist them.