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MTN Nigeria has apologized after a 200% price hike on its 15GB data bundle sparked public outrage. Customers slammed the move on social media, prompting MTN to issue a casual apology, urging forgiveness. The Nigerian Labour Congress condemned the hike, while other telecoms may follow suit.
MTN...
President Bola Tinubu met with Google CEO Sundar Pichai in France to discuss a strategic AI partnership. The collaboration aims to enhance cloud infrastructure, boost AI research, and position Nigeria as a global technology hub. The initiative aligns with Tinubu’s Renewed Hope Agenda for digital...
Lagos, Nigeria – February 9, 2025 – In a continued effort to uplift and support vulnerable children, Bcbet.ng, operated by Blockdance Africa Limited, successfully executed a two-day Corporate Social Responsibility (CSR) initiative on February 7th and 8th, 2025. The initiative focused on...
![Today's Naira Rate [12-02-2025]: Naira Falls to N1,570/$1 as Forex Shortage Persists](/data/attachments/213/213389-e4a2172565e06538ffb086f5ae94c27a.jpg?hash=PERHMQHP25)
The naira depreciated further, trading at N1,570/$1 in the parallel market amid rising forex demand and limited supply. It also weakened against the pound and euro. Despite CBN’s interventions, analysts warn of continued depreciation unless forex liquidity improves. Governor Cardoso vows strict...
Dangote Refinery has reduced diesel prices from N1,075 to N1,020 per litre, marking another price cut since January. Experts commend its impact on fuel price stabilization and economic relief. With global firms like BP and Saudi Aramco buying Nigerian fuel, the country is emerging as a key...
The Nigeria Customs Service (NCS) has suspended the 4% free-on-board (FOB) levy on imports to allow for stakeholder consultations. The decision follows concerns from businesses about rising costs and inflation. Authorities will review the policy and engage industry players before determining the...
The Central Bank of Nigeria (CBN) has scrapped the three free monthly ATM withdrawals for customers using other banks’ ATMs. Effective March 1, 2025, all such transactions will now incur charges. The CBN says the move aims to improve ATM efficiency and encourage digital banking, but customers...
Nigeria ranks 36th in Transparency International’s 2024 Corruption Perceptions Index, scoring 26 points alongside Uganda, Mexico, and Iraq. Denmark tops the list as the least corrupt, while South Sudan is the most corrupt. The report highlights corruption's impact on governance, economy, and...
![Today's Naira Rate [11-02-2025]: Naira Nears N1,500/$ as Black Market Rates Improve](/data/attachments/213/213341-54435cdd8fb82018b8a1927a932ca386.jpg?hash=hFfFcRmkeL)
The naira surged to its highest level in 2025, trading at N1,520/$ in the black market amid CBN’s forex reforms. Increased liquidity, regulatory enforcement, and investor confidence have driven the gains. Analysts say the naira could strengthen further if these measures continue to stabilize...
MRS Oil Nigeria Plc has reduced petrol prices by ₦10, now selling at ₦925 per litre in Lagos. The price cut follows Dangote Refinery’s ex-depot reduction to ₦890. Prices vary by region, with ₦935 in the South West, ₦945 in the North, and ₦955 in the East.
MRS Oil Nigeria Plc has reduced the...
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