The Nigerian Communications Commission (NCC) retracted its statement about Starlink's subscription price hike, claiming it was issued in error. Initially, the NCC had stated that Starlink announced price changes without regulatory approval but later clarified that the announcement was premature...
The Nigerian Communications Commission (NCC) has stated that Starlink did not receive approval for its recent subscription price increase to N75,000. The NCC plans to enforce regulations against the satellite internet service provider, highlighting the importance of compliance in Nigeria’s...
The Dangote Refinery faces backlash from oil marketers over its refusal to allow direct petrol lifting. Leaders from IPMAN and PETROAN express frustration at the lack of communication, which could impact petrol prices that currently range from N950 to N1,200 per liter amid recent market changes...
The Nigerian National Petroleum Company Limited (NNPC) ended its exclusive purchasing agreement with Dangote Refinery, allowing other fuel marketers to buy petrol directly. This move aims to enhance market competition, improve supply chain stability, and provide consumers with better pricing...
CBN Governor Olayemi Cardoso explained the rationale for floating the Naira to align official rates with market realities. He highlighted the need for credibility in monetary policy, acknowledging criticism but emphasizing transparency and stability. Cardoso also discussed raising the Monetary...
As of October 6, 2024, the black market exchange rate for the US dollar against the Nigerian naira has reached N1,674. This stark difference from the official rate of N1,657 by the Central Bank highlights ongoing economic challenges and a persistent shortage of foreign currency in Nigeria.
As...
Nigeria officially commenced the sale of crude oil and refined petroleum products in naira on October 1, 2024. This strategic move by the federal government, led by President Bola Tinubu, aims to boost economic growth and self-sufficiency while reducing reliance on foreign currencies.
Nigeria...
Nigeria's government has exempted 63 items from Value-Added Tax (VAT) under the 2024 fiscal reforms, including electric vehicles, gas processing equipment, and biofuel components. This initiative, led by the Presidential Committee on Fiscal Policy, aims to reduce industry costs, promote cleaner...
The death toll from the Niger State boat accident has risen to 42 after a boat carrying over 300 passengers capsized in Mokwa. Rescue operations have saved 150 people, and six more bodies were recovered. President Tinubu has directed an investigation into the rise of boat accidents in Nigeria...
Super Eagles duo Ahmed Musa and Shehu Abdullahi trained with Kano Pillars ahead of their NPFL Matchday 5 clash against Sunshine Stars. The ex-Kano Pillars players, both free agents, are expected to boost the team's performance as they prepare for the 2024/25 NPFL season.
Super Eagles stars...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.