Tag: costs

MTN Nigeria CEO advocates local assembly to lower smartphone costs
News

MTN Nigeria CEO advocates local assembly to lower smartphone costs

The Chief Executive Officer of MTN Nigeria, Karl Toriola, has emphasized the high cost of mobile phones as a barrier to digital inclusion in Nigeria. Toriola mentioned this during a recent interview with Arise TV. According to him, while worldwide demand has resulted in a decrease in smartphone costs, Nigeria alone may not generate enough demand to […]

Business

NNPC to use Afrexim bank’s $3.3bn loan for operational costs

The Nigerian National Petroleum Company Limited stated its plan to use the $3.3 billion loan received from the African Export-Import Bank to cover operating demands and pay upfront tax and royalties owed to Nigeria on Sunday. The Times reported that this was revealed in a paper titled ‘Frequently Asked Questions – Project Gazelle,’ provided by […]

Passengers lament high transport costs despite FG’s 50% cut
Business

Passengers lament high transport costs despite FG’s 50% cut

Despite the Federal Government’s 50% fare discount, travelers have expressed disappointment that the promised respite has yet to materialize, and transportation expenses remain high. The PUNCH reported that President Bola Tinubu announced the discount, which will be in effect from December 21 to January 4, 2024, in order to ease Nigerians’ suffering. The government collaborated […]