Tariff Hike Crucial For MTN’s Sustainability, Says CEO
MTN Nigeria, the country’s largest telecom operator, has stressed the urgent need for the telecommunications sector to return to profitability to sustain its operations. The Chief Executive Officer of MTN, Karl Toriola, made this known on Monday during a tour of MTN’s facilities by Fellows of the Media Innovation Programme in Ibeju-Lekki, Lagos. The MTN […]
World Bank Approves $1.57bn Loan For Nigeria
The World Bank has approved three new loan requests totalling $1.57bn in financing for Nigeria. According to a statement released on Monday, the approval is to support the Federal Government in strengthening human capital through better health for women, children and adolescents. It added that the approved projects would also help build resilience to the […]
Beans price rise by 271% in one year – Report
The National Bureau of Statistics has reported a rise in the price of brown beans (sold loose) in August 2024. According to the Selected Food Price Watch for August, the average price of 1kg of brown beans surged by 271.55 per cent on a year-on-year basis to N2,574.63, up from N692.95 in August 2023. On […]
I Regret Not Buying Arsenal – Dangote
The President and Chief Executive of Dangote Group, Alhaji Aliko Dangote has expressed regret for not buying Premier League Club, Arsenal FC. He said it appears that the “time has passed” for him to buy the club stating that he wished he had bought the English side club when the team was valued at around […]
Federal Government Must End Petrol Subsidy Now – Dangote
The President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, has called on the Federal Government to end fuel subsidies completely. He said the removal would help determine the actual petrol consumption in the country, as he confirmed ownership of two oil blocks in the upstream sector with an expected production date of next […]
FAAC: FG, States, LGs Shared N1.2trn In August 2024
The Federal Accounts Allocation Committee has said it disbursed N1.2 trillion earned as revenue in August 2024 to the Federal Government, states, and Local Government councils in Nigeria. The revenue distribution was announced at the September 2024 FAAC meeting in Abuja, a statement by the Director of Press and Public Relations at the Office of […]
Trump launches new cryptocurrency platform
Former US president Donald Trump along with his sons and entrepreneurs late Monday launched a cryptocurrency platform but provided few details. Little was revealed about the Trump family crypto project during a two-hour online presentation other than an offer to let people buy digital “tokens” giving them a vote in platform decisions. The event went […]
Disruption Looms In Telecom Services As 800 Workers Embark On Strike
Nigeria’s telecom sector risks shutdown as about 800 workers from the Private Telecommunications and Communications Senior Staff Association have embarked on strike, threatening to cripple services nationwide. The union, largely contract staff, warned of massive disruptions to telecom operations if its demands were not met, as this would leave millions of subscribers to face a […]
Senate Suspends Public Hearing For NNPC, Dangote, Others
The Senate has postponed the public hearing for the alleged sabotage in the petroleum industry. The Senate explained that the hearing was postponed for wider consultations with stakeholders whose input and participation would add value to the conclusion of the investigative hearing. Some key stakeholders summoned to appear before the committee at a public hearing […]
Five Companies Shut Over Environmental Infractions In Ogun
The Ogun State Environmental Protection Agency has sealed five industries for environmental infractions. The companies are Nixim Paper Limited, and Long Xiang Aluminum both at the Sagamu axis of the Lagos -Ibadan Expressway, New Shidai Manufacturing Limited, Mowe in Obafemi Owode Local Government Area and two unregistered companies operating illegally in the Ogere axis […]