adminMTN implements 50% tariff hike, raises data prices
Nigeria’s largest telecom operator, MTN, has commenced the gradual implementation of a 50 per cent tariff increase approved by the Nigerian Communications Commission in January. The adjustment, which is…
CBN increases ATM transaction fees
The Central Bank of Nigeria (CBN) has announced a review on the transaction fees for automated teller machines (ATMs) In a circular signed by John Onojah, acting director of financial…
No Explosion At Warri Refinery, Says NNPCL
The Nigerian National Petroleum Company Limited (NNPC) has debunked claims of an explosion at the Warri refinery. It said the Warri refinery is currently loading eight trucks of diesel…
Dangote Refinery crashes petrol ex-depot price to N890
In a move that could drive economic relief for Nigerians, Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N950…
Max Air Suspends Operations For Three Months After Kano Incident
Max Air has suspended its operations for three months following an incident involving one of the aircraft of the local carrier at the Mallam Aminu Kano International Airport, Kano. A…
Risevest Technologies not registered, refrain from transacting with them, SEC warns investors
The Securities and Exchange Commission (SEC) says Risevest Technologies Limited, the parent company of Risevest Cooperative Multipurpose Society Limited, is not registered to operate in any capacity in the…
Report: Dangote refinery to get 12m barrels of crude from US
The Dangote Petroleum Refinery is expected to receive up to 12 million barrels of crude oil from the United States. According to the Africa Report, the refinery is slated…
SERAP sues FG, NCC over 50% telecom tariff hike
The Socio-Economic Rights and Accountability Project has filed a lawsuit against the administration of President Bola Tinubu and the Nigerian Communications Commission over what it described as the “arbitrary, unconstitutional,…
Make Your Products In America Or Pay Tariffs, Trump Tells Leaders
US President Donald Trump told world business leaders Thursday to manufacture in the United States or face tariffs, in his first major speech to global leaders since returning to the…
Banks begin implementation of PoS withdrawal limit with N100k daily, N500k weekly
There are indications that banks have begun the implementation of a daily withdrawal limit of N100,000 and a weekly limit of N500,000 on Point-of-Sale terminals. The implementation is coming after…
Air Sierra Leone resumes direct flight to Nigeria 15 years after
Air Sierra Leone, has resumed its scheduled flight operations between Lagos and Freetown after over 15 years of inactiveness. Air Sierra Leone returned to Nigeria in partnership with a Nigerian…
POS operators to increase charges over 50% telecom tariff hike
Point-of-Sale (POS) operators in Nigeria may soon increase service charges following the Federal Government’s approval of a 50% hike in telecommunications service tariffs. The Association of Mobile Money and Bank…
Only 100,000 POS operators registered, says CAC
The Registrar General of the Corporate Affairs Commission, Hussaini Ishaq Magaji has revealed that only 100,000 Point of Sale (POS) operators have officially registered their businesses with the commission as…
Bitcoin Hits Record Above $109,000 Ahead Trump’s Return
Bitcoin hit a record high above $109,000 on Monday as Donald Trump, who has signalled plans to deregulate the cryptocurrency sector, prepares to be sworn in as US president. Bitcoin…
Why we increased petrol price – Dangote Refinery
The Dangote Petrochemical Refinery has attributed its recent adjustment in the price of Premium Motor Spirit (PMS), commonly known as petrol, to the rising cost of global crude oil. The…