The federal high court in Abuja has ruled that the destruction of bottles of beer in some parts of the country is an economic sabotage. The verdict of the court followed a suit marked FHC/ABJ/CS/275/2021 filed by Sesugh Akume, an activist, against the attorney-general of the federation (AGF) and the Economic and Financial Crimes Commission […]
Guaranty Trust Bank Plc has confirmed an attempt to compromise its website domain. The hacking attempt occurred on Wednesday, just a day after the bank renewed its domain name, causing a temporary disruption to the website, which left customers unable to access online services. This led to widespread concern and media reports suggesting that the […]
National oil company, the Nigerian National Petroleum Company Limited, said it has uncovered and confiscated products from 63 illegal refineries in the past week. A documentary by the company on Wednesday, said in the past week, 19 illegal pipeline connections and 63 illegal refineries were uncovered in the Niger Delta. The company announced the development […]
President Bola Tinubu has approved the implementation of zero percent import duty and exemption of value-added tax (VAT) on basic food items. The ministry of finance confirmed the approval in a letter to the Nigeria Customs Service (NCS). More to follow…
The management of the Dangote Refinery has dismissed reports of a fixed petrol price of ₦600/litre, calling them “speculative announcements” with no basis. This was contained in a statement signed on Tuesday by the Group Chief Branding and Communications Officer, Dangote Industries Limited, Anthony Chiejina. The denial comes following reports by some publications, that the […]
Bitcoin, the world’s largest cryptocurrency by market cap, dropped to $52,000 amid a market sell-off on Monday. The price of the digital asset dropped significantly by 13 percent in 24 hours. The cryptocurrency dipped from $60,752 on August 4, to $52,312 on August 5, according to CoinMarketCap, a price-tracking website for crypto assets. Similarly, […]
Telecoms giant, MTN, has shut all its stores and service centres across Nigeria. This was coming on the heels of an outrage by some of its subscribers across the country after the network provider barred their lines on Sunday. In a viral video on social media Monday, a mob is seen destroying a barricade […]
A competition and consumer protection tribunal (CCPT) has granted the dismissal of a subscription price hike case instituted against MultiChoice Nigeria. A three-member tribunal led by Thomas Okosu, gave the interim order following an oral application by Festus Onifade, the claimant, to withdraw his case against MultiChoice. On April 29, the tribunal stopped MultiChoice […]
The Federal Government on Monday said it had created centres across the country where Nigerians can purchase a 50kg bag of rice for N40,000. The Minister of Information and National Orientation, Mohammed Idris, revealed this on Monday while briefing correspondents on the outcome of the Federal Executive Council meeting presided over by President Bola […]
The Nigerian Communications Commission (NCC) on Monday directed telecommunication companies to reactivate all lines blocked because they weren’t linked to the National Identification Numbers (NINs). A spokesman for the regulatory body Reuben Muoka said the order to reactivate the lines was in view of “the challenges the blockages have caused”. Millions of phone users […]
