adminFG to blacklist 18 banks owing telcos N200bn on USSD
There are indications that the Federal government will tomorrow list out names of 18 banks owing almost N200 billion to Nigerian telecom operators on Unstructured Suplementary Service Data, USSD, and…
Court summons Tunji-Ojo, AGF over proposed expatriate employment levy
A federal high court in Abuja has summoned Olubunmi Tunji-Ojo, minister of interior, and Lateef Fagbemi, attorney-general of the federation (AGF), over issues of the expatriates employment levy (EEL) The…
CBN Stops Extension Of Export Proceeds Repatriation For Exporters
The Central Bank of Nigeria (CBN) has announced the suspension of approvals for the extension of export proceeds repatriation on behalf of exporters. This directive which was issued through a…
Report: First Bank lays off 100 senior staff in major restructuring move
First Bank of Nigeria (FBN) has laid off about 100 senior staff members in a major organisational shakeup. According to a report by Nairametrics on Monday, sources familiar with the…
NCC approves disconnection of Exchange Telecommunications from MTN over debt
The Nigerian Communications Commission (NCC) has approved the disconnection of Exchange Telecommunications Limited from MTN Nigeria due to the non-settlement of interconnect charges. Exchange Telecommunications is a local and international…
NCAA Sanctions Five Airlines For Cancelled Flights, Others
The Nigeria Civil Aviation Authority (NCAA) has initiated enforcement action against five airlines (two international and three domestic operators) for various violations of Part 19 of the NCAA regulations. The…
Customers in Togo, Benin, Niger owe $5.7m for electricity in Q3 2024
The Nigerian Electricity Regulatory Commission (NERC) says international customers owe $5.7 million for electricity supply in the third quarter (Q3) of 2024. The international customers are Paras-SBEE and Transcorp-SBEE both…
NNPC reduces petrol price to N965/litre in Abuja
NNPC Limited has reduced the pump price of petrol at its retail outlets in Abuja to N965 per litre, down from N1,030 per litre. Visits to NNPC retail outlets in…
CBN, NCC order banks, telcos to settle N250bn USSD debt dispute
The Central Bank of Nigeria and the Nigerian Communications Commission have directed Deposit Money Banks and Mobile Network Operators to settle the long-standing N250bn USSD debt dispute. The directive, titled…
Fuel to sell at N935 per litre from Monday -IPMAN
The Independent Petroleum Marketers Association of Nigeria (IPMAN), says the price of petrol will drop to N935 per litre by Monday in view of Dangote Refinery’s new arrangement. IPMAN said…
NNPCL slashed petrol price to N899 per litre – PETROAN
The Nigerian National Petroleum Company Limited has reduced its ex-depot price of Premium Motor Spirit, commonly referred to as petrol, from N1,020 to N899 per litre. This decision, coming days…
Oil marketers slash petrol price by 11.8% to N939.50 per litre
OIL marketers lifting the Premium Motor Spirit, PMS, also known as petrol from Dangote Petroleum Refinery, have slashed the price of the product by 11.8 per cent to N939.50 per…
SEC mandates public companies to publish financial statements online
The Securities and Exchange Commission has directed all publicly listed companies to publish their financial statements on their official websites effective January 2025, emphasising the importance of transparency and timely…
PoS operators increase withdrawal charges
Point-of-sale (PoS) operators across Nigeria have increased withdrawal charges from N100 to N150 or N200 for every N5,000 transaction. The operators attribute the hike to the N50 electronic money transfer…
Dangote Reduces Petrol Price to N899
Dangote Refinery and Petrochemical Company has reduced the price of a litre of petrol to N899 for independent marketers, FIJ is reporting. Independent marketers are private gasoline distributors who have…