A 50 per cent tariff hike in end user tariffs of telecom services in Nigeria will spur business expansion, potentially reducing poverty levels in Africa’s most populous nation, Global System for Mobile Communications Association (GSMA), has said. Its head of sub-Saharan Africa, Angela Wamola, who spoke during a virtual press conference, said private capital will…
Nigeria, Africa’s oil rich nation, has announced the commencement of the implementation of the withholding tax system. This is aimed at streamlining tax collection, enhancing compliance, and boosting revenue for critical sectors. In a statement, Collins Omokaro, Special Adviser to the Executive Chairman of the Federal Inland Revenue Service (FIRS) on Communication and Advocacy, said…
Ikeja Electric (IE) Plc has warned that it will no longer support the Unistar card meter and other outdated card meters under the Federal Government’s Meter Acquisition Fund (MAF) scheme. The utility firm, in a public notice on to its customers, warned that its technology might no longer support the Unistar card meter and any…
First City Monument Bank (FCMB) is making dreams come true with its Millionaire Promo Season 10. The first draw, held nationwide on January 15, 2025, saw four lucky customers walk away with N1 million each, while 900 others received cash prizes up to N50,000. The new millionaires are Issa Aliyu, a farmer from Ilorin, Kwara…
Between 2014 and 2024, Nigeria, Africa’s largest economy, earned $305billion as revenue inflows from the oil and gas sector according to the Nigeria Extractive Industries Transparency Initiatives (NEITI). It disclosed this when its executive secretary/national Coordinator, Dr Orji Ogbonnaya Orji appeared before the Senate Public Accounts Committee (SPAC) in Abuja. According to Orji in his…
A Lagos State High Court presided over by Honourable Justice Yetunde A. Adesanya sitting at Tafawa Balewa Square, Lagos has ruled in favour of the Agunmo community in Badagry Local Government Area of the state. The ruling delivered on January 23, 2025 set aside the wrongful execution illegally carried out on an area measuring 46.43…
The Federal Government realised the sum of $305billion as revenue inflows from the oil and gas sector from 2014 to 2024, it was learnt yesterday. The Nigeria Extractive Industries Transparency Initiatives (NEITI), disclosed this when its executive secretary/national Coordinator, Dr Orji Ogbonnaya Orji appeared before the Senate Public Accounts Committee (SPAC) in Abuja. According to…
Lagos has a new powerhouse on the airwaves, and it goes by the name Konga FM 103.7. This disruptive hit music and commerce radio station is setting a new standard in the broadcasting industry, offering an exciting blend of entertainment and commercial opportunities. While Lagos residents can tune in terrestrially to 103.7, the rest of…
Telecom operators have rejected the call for mass action called by the organised Labour the Nigerian Labour Congress (NLC). The mobile network operators (MNOs) also said they have shared their tariff templates with the Nigerian Communications Commission (NCC) with a view to getting approval before implementation. The telcos argued that the NLC leadership ought to…
