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MTN winds down BEE scheme, pay out modest returns to investors
News

MTN Nigeria’s share price soars after telecom tariff hike

MTN Nigeria’s share price surged by 9.87% on Tuesday, closing at ₦256, following regulatory approval of a 50% increase in telecom tariffs. This marks the company’s highest share price since March 2024, when it traded at ₦267.80. The price jump reflects renewed investor confidence in MTN’s profitability prospects after enduring two years of financial losses. […]

How FG can boost Nigeria's digital growth - Analyst
News

SERAP demands reversal of 50% tariff hike, threatens court action

The Socio-Economic Rights and Accountability Project has given the Federal Government and telecommunications companies, a 48-hour ultimatum to reverse the recent 50% increase in call and data charges. SERAP issued this demand through a tweet on Tuesday, calling the tariff hike “unlawful” and threatening legal action if the increase is not rescinded within the specified […]

TikTok removes more Universal Music songs as conflict worsens
Tech

TikTok: No winners in trade war, Chinese VP warns

Chinese Vice Premier Ding Xuexiang warned that there are “no winners” in a trade war, as China faces the potential of tariffs under the newly-inaugurated administration of Donald Trump. “Protectionism leads no where. [A] trade war has no winners,” Ding said Tuesday, according to an official English translation. He was speaking at the World Economic […]

Globacom CEO resigns after one month amid organizational challenges
News

Globacom CEO resigns after one month amid organizational challenges

Ahmad Farroukh, appointed CEO of Nigerian telecom giant Globacom in October 2024, has resigned after just one month in the role, multiple sources close to the matter have confirmed. While Globacom has yet to issue an official statement or notify employees of the development, insiders suggest that Farroukh’s abrupt exit stems from challenges related to […]

US senators demand Meta probe over chatbot child safety concerns
News

Meta to maintain fact-checking outside US

Meta, the parent company of Facebook and Instagram, announced plans to retain its fact-checking program outside the United States, though it may eventually roll out changes globally. The decision comes after Meta revealed earlier this month that it would replace U.S.-based fact-checkers with a community notes system, similar to the model used by Elon Musk’s […]

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Banks to settle N200bn USSD debt, prevent service disconnection

The planned disconnection of Unstructured Supplementary Service Data services for nine commercial banks may be averted, as the affected banks have started working to settle their debts before the January 27th deadline. Sources within telecom operators revealed that some banks have already made partial payments, while others, previously defiant, are now requesting negotiations following the […]

News

XEJet begins Abuja MRO facility, flight support center construction

XEJet, a local airline, has officially begun constructing its Maintenance, Repair, and Overhaul Flight Support, and Engineering Center at the Nnamdi Azikiwe International Airport in Abuja. The groundbreaking ceremony for the project took place on Monday, led by Nigeria’s Minister of Aviation, Festus Keyamo, who shared the announcement on his official X (formerly Twitter) account […]

How FG can boost Nigeria's digital growth - Analyst
News

NATCOMS to challenge NCC’s 50% telecom tariff hike

The National Association of Telecommunications Subscribers has announced its intention to challenge the Federal Government’s approval of a 50% tariff increase for telecom operators in court. NATCOMS argues that the decision was made without proper consultation with key stakeholders, including subscribers. This was disclosed by the President of NATCOMS, Mr. in an interview with NAN. […]

News

Trump overturns Biden’s 50% EV target, freezes funds

United States President, Donald Trump, on Monday reversed a 2021 executive order issued by his predecessor, Joe Biden, which set a goal for electric vehicles to make up 50% of all new vehicle sales in the United States by 2030. While the target was non-binding, it had received backing from both U.S. and international automakers. […]

TikTok deal talks with China to begin next week - Trump
News

Trump withdraws US from global corporate tax agreement

President Donald Trump on Monday issued a memorandum declaring that the global corporate minimum tax agreement, negotiated by the Biden administration with nearly 140 countries in 2021, would have “no force or effect” in the United States. In doing so, Trump effectively withdrew the U.S. from the landmark deal. The memorandum also directed the U.S. […]

TikTok removes more Universal Music songs as conflict worsens
Tech

Trump delays TikTok ban, grants app 75 days lifeline

TikTok received a lifeline through an executive order signed by Trump on Monday, one of his first actions after taking office. The order grants the video-sharing platform a 75-day extension from a US ban that began on Sunday, following ByteDance’s refusal to comply with a law requiring it to divest. Trump had spent the preceding […]

News

NNPC blames pipeline vandals for Buguma oil wellhead fire

The Nigerian National Petroleum Company Limited on Monday night attributed the recent fire incident at the Buguma oil wellhead in Rivers State to the actions of vandals. According to the company, the fire at Buguma Wellhead 008, operated by its subsidiary NNPC Eighteen Operating Ltd, was caused by vandals attempting to tamper with the Christmas […]