Telecom subscribers have challenged the claim by the Federal Government on Nigeria (FGN) that the price of data had been reduced by more than 50 percent. Subscribers, who spoke with Daily Trust on Thursday, insisted that they still buy 1GB of data for N1000. FGN’s claim The FGN had announced on Thursday that the price […]
The federal government, on Monday night, succumbed to the pressure from organised labour and reduced present price of Premium Motor Spirit, popularly known as Petrol, by N5. The Minister of Labour and Employment, Chris Ngige, who announced this to journalists after a meeting with leadership of Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), […]
Beginning from today, the new policy of Central Bank of Nigeria’s (CBN) that allows unfettered access to Diaspora remittances kicks off. In other words, the practice when recipients of foreign currencies had to be paid Naira equivalent has stopped. Beneficiaries will now be paid in the currencies sent to them from abroad. Godwin Emefiele, the […]
Nigeria, Africa’s biggest oil producer and exporter, has resumed importation of petrol from China, the world’s top crude oil importer. The Asian country shipped 37,000 metric tonnes of petrol to Nigeria in September for the first time since July 2019, data from General Administration of Customs showed, according to S&P Global Platts. China, a major […]
The naira on Wednesday, reversed its two weeks loss to the dollar in the parallel market, appreciating by N20 to N470 per dollar. The naira had earlier depreciated by N30 against the dollar, as the parallel market exchange rate rose sharply to N500 per dollar on Monday, November 30th from N470 per dollar on Friday, […]
The Central Bank of Nigeria (CBN) has directed banks in the country to close all naira ledger accounts opened specifically for the purpose of receiving proceeds from international money transfer operator (IMTO) with immediate effect.The Cable is reporting. More details soon
The British government, on Monday said that it would ban providers from installing Huawei equipment in the country’s 5G network beginning from September 2021. Oliver Dowden, the secretary of state for the Department of Media, Culture and Sport, gave the new deadline ahead of the Telecommunications (Security) Bill coming before the Parliament today , British […]
Italy’s competition authority said Monday it had fined Apple 10 million euros ($12 million) for misleading claims about the water-resistant properties of various iPhone models. It said the US tech giant “did not make it clear that this feature exists under certain specific conditions”, notably in laboratory tests with static and pure water, “and not […]
The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Thursday said the country’s refineries were shut down despite maintenance carried out because crude could not be supplied to them through the vandalized This was contained in the 2021 budget proposal Kyari presented to the House of Representatives Joint Committee on Petroleum […]
The Corporate Affairs Commission (CAC) says it will begin the implementation of Companies and Allied Matters Act (CAMA) on January 1, 2021. CAMA, which repealed and replaced the extant Companies and Allied Matters Act, 1990, was signed into law by President Muhammadu Buhari in August. But the law became a subject of controversy within Christendom […]
