Business

NCC Suspends Directive to Hike Data Tariff The Nigerian Communications Commission (NCC) has suspended directive to hike data tariff in the domestic economy. This was occasioned by concerns that visited the directive to introduce price floor for data segment of the telecommunications sector beginning from December 1, 2016, The decision to suspend this directive was taken after due consultation with …

Read More »

We‘ll Continue To Finance Development Projects –Ecobank MD The Managing Director, Ecobank Nigeria, Charles Kie, has restated the commitment of the Bank to continue to support projects that impact positively on the lives of the people and economic development of the country. Speaking at the commissioning of Abia Retail Shopping Mall (Shoprite) in Umuahia, Abia State recently, Kie who was …

Read More »

Senate orders NCC to halt planned hike in data tariffs The Senate, Wednesday, ordered the Nigerian Communication Commission, NCC, to halt immediately, its planned hike in data tariff. The senate which mandated a Committee on Communication to carry out through oversight on the process to ensure that Nigerians are carried along in the process said it must ensure that Nigerians are …

Read More »

Subscribers urge Glo to extend 4G LTE coverage to hinterlands The Glo 4G LTE network has continued to generate more interest from impressed subscribers nationwide as they clamour for more coverage areas in the hinterlands by the telecoms operator in order for them to enjoy the service when they travel to their country homes. Already, Globacom has rolled out the …

Read More »

Investment in infrastructure will get us out of recession – Udoma Massive investment in infrastructure is the surest way to get the country’s economy out of recession, the Minister of Budget and National Planning, Senator Udoma Udo Udoma, on Tuesday told laureates of the Nigerian National Order of Merit. Addressing the annual forum of the laureates in Abuja during their 9th Award Winners …

Read More »

ATCON Carpets CBN On ‘3-Minutes Call’ Tax Proposal The telecommunication companies in Nigeria have urged the Federal Government to drop the proposed tax on “three-minute” calls and above. The Association of Telecommunication Companies of Nigeria (ATCON) the umbrella body of the Operators, argued that recent present economic policies, of the Federal Government are gradually killing the industry, which is presently …

Read More »

60 per cent consumers now have meters – Eko Disco The Chief Executive of Eko Electricity Distribution Company, Mr Oladele Amoda, has said that in line with the company’s projection, the Eko Disco has metered over 60 per cent of its consumers. Making this disclosure in an interview on Tuesday to the News Agency of Nigeria, Amoda disclosed that the …

Read More »

Fuel scarcity looms over FG’s oil marketers $1.7bn Nigerians maybe thrown into another round of hardship, as the country may soon witnessed excruciating fuel scarcity in the next couple of weeks, owning to disclosure by oil marketers that they are running out of patience over the Federal Government’s refusal to pay its $1.7 billion debt owed them since May 2015. …

Read More »

SEC, sole approving authority for securities—Adeosun  Finance Minister, Mrs. Kemi Adeosun, has reiterated that the responsibility for the supervision, regulation and approval of issuance of securities in the local market for Nigeria’s internal debt rests solely with the Securities and Exchange Commission (SEC). The minister stated this in a circular explaining that, in line with its powers as conferred by …

Read More »

File photo Apapa gridlock killing trade facilitation programme, says NPA The Managing Director, Nigerian Ports Authority (NPA), Ms Hadiza Usman, said the traffic gridlock in Apapa had affected access into the ports and killing trade facilitation programme of government. According to a statement by NPA on Monday in Lagos, Usman said this at a stakeholders meeting held in her office. …

Read More »