Two million people’ll start receiving N20bn monthly from June -FG
Two million people will start receiving about N20bn from June this year as basic cash transfers and conditional cash transfers under the National Cash Transfer Programme, the Federal Government has…
NIN: Bar outgoing calls from unlinked SIMs, FG orders telcos
The Federal Government has ordered telecommunications operators including MTN, Globacom, Airtel, and 9mobile to bar all outgoing calls of all Subscriber Identification Module cards not yet linked with the National…
FAAN apologises over power outage at Lagos airport
The Federal Airports Authority of Nigeria has apologised for the power outage at the Murtala Muhammed International Airport, Lagos. The apology was contained in a statement by FAAN's acting General…
MTN contributed 13.5% of FIRS’ total 2021 tax – Report
Nigerian telecoms giant, MTN Nigeria Communications PLC’s total tax contribution to all government agencies including the Federal Inland Revenue Service amounted to N757.6 billion. The company paid a total of…
I’ll make Nigeria investment haven if elected President -Ohuabunwa
A Peoples Democratic Party presidential aspirant, Sam Ohuabunwa, says he will transform Nigeria into an investment haven if elected. Ohuabunwa, the Convener of the New Nigeria Group, made the promise…
Rising govt debt caused by increasing budget deficit - DMO
The Debt Management Office has said that the reason for Nigeria’s rising government debt levels is due to increasing budget deficits over the years. This was disclosed by the Director-General…
Passengers stranded as power outage hits Lagos airport
Many passengers are stranded after power outage hit a section of the Murtala Muhammed International Airport, Ikeja, Lagos. It was learnt that the departure lounge of the International Airport, Lagos,…
External reserves loses $313m as oil price fluctuates
NIGERIA’S external reserves fell by $313m in March, according to figures obtained from the Central Bank of Nigeria on Thursday. The CBN’s figures showed that the foreign exchange reserves, which…
Association seeks govt support to regulate table water industry
The Association of Table Water Producers has asked the federal, state, and local governments to come up with a legal framework to help fight charlatans in the industry. The group…
Diesel: Telcos lament high operational cost, seek intervention
Telecommunication providers under the aegis of the Association of Licensed Telecommunications Operators of Nigeria have said the rising cost of diesel has impacted negatively on their operational costs and that…
Nigeria has over 70 online lending apps – FCCPC
THE Federal Government has said there are about 70 to 90 online lending applications currently operated by various firms in Nigeria. The Executive Vice Chairman, Federal Competition & Consumer Protection…
Four banks lost N1.77bn to fraud in 2021, says report
Four Nigerian deposit money banks lost a total of N1.77bn to fraudulent activities involving the banks’ employees and consumers in 2021. This was contained in the 2021 financial statements of…
