USSD debt: Banks complying with CBN, NCC directive to pay ₦212.5b to telcos

Commercial banks owing telcos N250 billion USSD debt are complying with the joint order of the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) to pay ₦212.5 billion—85per cent of a ₦250 billion debt as stipulated in a December 20 memo. USSD stands for Unstructured Supplementary Service Data, a communication protocol that…

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Nigeria’s business environment rebounds

Nigerian private sector appears to have experienced improvement during the final month of last year, according to report on Purchasing Managers’ Index (PMI). The report explained that overall business conditions improved as new orders increased for the second month running and renewed expansions were seen in output, employment and purchasing. That said, rates of inflation…

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Corporate blackmailers as Tinubu’s enemies

By Aliyu Gaya Corporate blackmail is fast becoming the fancy of some netizens, corporate bodies, individuals, especially fly-by-night persons who target the rich and their businesses for diverse reasons. It’s not restricted to Nigeria, though. The likes of Aliko Dangote, Mike Adenuga, Leo Stan Ekeh, Segun Agbaje, Tony Elumelu, and corporates like GTCO (Guaranty Trust…

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Konga opens New Year with 70% discount on sales

Nigeria’s foremost composite e-commerce giant, Konga, has announced its first major sales event this year—Konga Jara. This exciting campaign offers shoppers massive discounts of up to 70%, providing a perfect opportunity to save big and kickstart the year with unbeatable deals. The 2025 edition of Konga Jara, themed “Confam New Year Deals,” commenced on Wednesday,…

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Adonu shatters glass ceilings, wins MTN Nigeria Partners Award 2024

In an extraordinary display of excellence, Kingsley Ifeanyi Adonu, a leading MTN Nigeria partner from Enugu, has shattered records to claim the top prize at the 2024 MTN Nigeria Partners Award. According to a press statement shared with themorningstar.com.ng, Adonu emerged number one partner in airtime and data distribution across Nigeria, a monumental achievement that…

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MAN wants factories sealed by LASWARCO reopened

Manufacturers have appealed to Lagos State Governor, Babajide Sanwo-Olu, to order the immediate re-opening of factories sealed by the Lagos State Water Regulatory Commission (LASWARCO) over alleged refusal to pay water abstraction fees. Acting under aegis of the Manufacturers Association of Nigeria (MAN), the group, in an open message to Mr Governor, its Director-General, Segun…

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