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 […]
President Bola Tinubu has directed the Nigerian National Petroleum Company Limited to sell crude oil to Dangote Refinery and other upcoming refineries in Naira. The Special Adviser to the President on Information and Strategy, Bayo Onanuga, made this known in a post via his official X handle on Monday. Onanuga stated that the move, […]
The Nigerian Electricity Regulatory Commission has explained why it has not reverted to the old electricity tariff as directed by the House of Representatives. On Tuesday, the House directed NERC and the electricity distribution companies to reverse the electricity tariff hike imposed on Band ‘A’ customers. Recall that the NERC raised the electricity tariff […]
The Corporate Affairs Commission has issued fresh guidelines to assist Deposit Money Banks in the ongoing recapitalisation. The commission, in a statement signed by its management and posted on its Facebook account on Friday, said the new directive is pursuant to its powers under Section 8 (1) (e) of the Companies and Allied Matters […]
The Corporate Affairs Commission (CAC) says it will de-register the names of companies yet to file in their annual reports in the last 10 years. In a statement on Wednesday, the Commission said the full list of the dormant companies was available on its website. “This is to inform the general public that the […]
Fifty-eight of the 164 member states of the World Trade Organisation (WTO) members have voiced support for a proposal from the African Group backing incumbent Director General, Ngozi Okonjo-Iweala, to serve a second term. The 58 member countries of the trade association made this known at a July 22 meeting of the WTO General […]
