Nigeria is facing an unprecedented crisis as the rising cost of living continues to erode the quality of life for its citizens. The situation has become so dire that every trip to the market has turned into a “heart-pounding gamble”. The cost of living in Nigeria has increased drastically over the last few years, especially since the last presidential…
Analysts are sounding the alarm over the increasing array of bank charges in Nigeria, warning that these fees could undermine the country’s financial inclusion gains. The concerns come as the Central Bank of Nigeria (CBN) recently announced revised ATM withdrawal charges, set to take effect on March 1. Under the new policy, withdrawals from a customer’s own bank ATM…
Dr. Samuel Olugbenga O. Olusunle, Research Director of the National Agency for Science and Engineering Infrastructure (NASENI), has been conferred with the prestigious Fellow of Nigerian Mining and Geosciences Society (FNMGS). This honor comes as the society celebrates 64 years of existence.¹ The FNMGS, one of Nigeria’s oldest professional bodies, recognized Olusunle’s contributions to the growth and development of…
The Universal Service Provision Fund (USPF) of the Nigerian Communications Commission (NCC) has officially handed over the Emerging Technologies Centre (ETC) to the Ogun State Institute of Technology (OGITECH) in Igbesa, Ogun State.¹ The ETC, equipped with 100 desktop computers, emerging technology applications, bandwidth, and connectivity tools, aims to enhance the learning experience of students and provide a platform…
By Adewusi Adeyinka As the city of Lagos prepares to host the annual Access Bank Lagos City Marathon this weekend, February 15, 2025, the atmosphere is charged with anticipation, not just for the race itself, but for what it symbolizes this year. More than just a sporting event, the marathon has grown into a beacon of unity, economic vitality,…
The Nigerian Communications Commission (NCC), pursuant to its power under Section 108 of the Nigerian Communications Act, 2003 (NCA) to regulate and approve tariff rates and charges by telecommunications operators, will be granting approval for tariff adjustment requests by Network Operators in response to prevailing market conditions. The adjustment, capped at a maximum of 50 per cent of current…
The Nigeria Governors Forum (NGF) has announced its decision to endorse a reviewed version of the controversial Tax Reform Bills pending before the National Assembly. In the reviewed version, the sharing of VAT based on derivation has been slashed from 60 per cent as proposed in the original bill, to 30 per cent. The decision to endorse the bills…
The telecommunication operators in Nigeria said they made a proposal of 100 per cent tariff hike to the country regulator, the Nigerian Communications Commission (NCC) in their plea for hike in tariffs on services offered including voice, data and digital. MTN Chief Executive Officer, Karl Toriola, disclosed this on Thursday, when he featured on AriseTv to talk about some…
Dangote Refinery and the Independent Petroleum Marketers Association of Nigeria have signed a 60 million-litre weekly Premium Motor Spirit supply deal. This comes as IPMAN confirmed that fuel prices have marginally reduced across its member filling stations nationwide. The Spokesperson of IPMAN, Chinedu Ukadike, disclosed this on Sunday while giving an update on the direct petrol deal with Dangote…
The Petroleum Products Retail Outlets Owners Association of Nigeria says the Dangote Petroleum Refinery is inconsiderate for selling petrol at N990/litre, stressing that the company enjoyed massive concessions while accessing foreign exchange during its construction. PETROAN also insisted that imported petrol was cheaper than the N990/litre price of Dangote petrol. Major marketers recently revealed that the landing cost of…
The ongoing recall process of Senator Natasha…
The House of Representatives has rescinded its…
