Business

The Nigerian Communications Commission (NCC) has denied giving permission to telecommunications companies in the country such as MTN, Glo and others to increase tariffs. Dr. Aminu Maida, the NCC Deputy Executive Chairman/CEO, stated this on his verified X account on Saturday in response to false information circulating in the telecommunications sector. Reports have emerged in some sections of the media …

Liberia’s premier GSM Company,   Lonestar Cell MTN, and Best Neo Bank (BnB) are partnering to provide International Financial transfer services. By Lincoln G. Peters  Monrovia, Liberia, August 2, 2024 –Leading Liberian GSA Company Lonestar Cell MTN, in partnership with Best Neo Bank (BnB), has officially launched an International Financial transfer service here. The MTN and BnB, Financial Service partnership, …

Investors in the Nigerian equity market enjoyed mixed feelings on the trading week on the NGX floor after a loss of N107 billion in the just-ended trading week. The exchange posted losses on three of the five trading days and made gains on two trading days as equity markets felt the impact of the #EndBadGovernance protests at the time. Market …

Nigeria’s equity market reversed a multi-day downtrend as investors gained N219 billion at the close of trading on Friday. This follows the growth in share prices of stocks such as MAY&BAKER, OKOMU OIL and OANDO, among others, on the trading floor today. After five hours of trading in the capital market, equity capitalization rose to N55.5 trillion from N55.2 trillion …

Nigerian equity markets felt the impact of the #EndBadGovernance protests on Thursday as investors lost N235 billion at the close of trading that day. This follows a decline in the prices of stocks such as MECURE, THOMASWY, and WAPIC, among others, on the trading floor. After five hours of trading in the capital market, equity capitalization plunged to N55.2 trillion …

Ahead of a meeting of the Organization of the Petroleum Exporting Countries (OPEC) on Thursday, oil prices jumped on Wednesday morning following reports that Hamas leader Ismail Haniyeh had been killed in Iran. A barrel of US WTI crude rose 2.47% to $77.20 while Brent crude rose 2.04% to $80.67. Hamas confirmed Haniyen’s death, claiming he was killed in a …

The introduction of contract tapping and a new mode of measurement known as the K-factor or the correction factor, which measures the weight of rubber dispatched from the field, has become a contentious issue at the Firestone Rubber Plantation. Harbel, Margibi County, August 1: – Contract tappers with little or no knowledge of how the new measurement process works have …

Investors in the Nigerian equity market started the trading week with a loss of N117 billion at the close of trading on Monday, July 29, 2024. This follows the decline in share prices of stocks such as CAVERTON, WAPIC, and ABCTRANS among others on the trading floor. After five hours of trading in the capital market, equity capitalization decreased to …

In a dramatic development, the Nigerian Competition and Consumer Protection Tribunal has granted an application to dismiss the case against MultiChoice Nigeria over the increase in subscription prices for GOTV and DSTV. This follows the sudden decision by the lawyer who filed the case, Festus Onifade, to withdraw his case against the pay-TV provider. Onifade stated that he no longer …

The Nigerian Airspace Management Agency (NAMA) has announced the suspension of the previously proposed 800% increase in navigation fees, following intervention by Festus Keyamo, Minister of Aviation and Aerospace Development. The decision to halt the dramatic increase, which was initially due to take effect, was communicated by Abdullahi Musa, NAMA’s Director of Public Affairs and Consumer Protection, in a statement …