MTN Nigeria Communications PLC has seized virtually exclusive control from participating small and medium-scale local and international call market operators known as International Data Access Operators (IDA), and practically chased all of them out of the market by strong-arm tactics, including the illegal demand for payment for interconnected international traffic[Read More…]
Author: Godwin Anyebe
Eight firms record N918.1bn loss on currency revaluation
Eight firms have declared N918.1bn as currency revaluation loss following a 68.55 percent decline in the value of the naira against the dollar as of the end of September 2023. Following a Central Bank of Nigeria move in June to allow the market to determine the value of the local[Read More…]
Adoption of TaaS will democratise access to cutting edge solutions for businesses – NCC
The Nigerian Communications Commission has said that the convergence of Technology-as-a-Service (TaaS) and infrastructure deployment would mark a new era in technological advancement adding that it is a paradigm that not only fosters innovation and growth but also democratises access to cutting edge solutions for businesses of all sizes. According[Read More…]
Comply with regulatory standards, ex-NAFDAC director urges breadmakers
A former Director, Food Registration and Regulatory Affairs at the National Agency for Food and Drug Administration and Control, Rev. William Effiok, has urged breadmakers under the aegis of the Premium Breadmakers Association of Nigeria to be prepared for better business opportunities in 2024 by complying with regulatory standards. Effiok[Read More…]
International Breweries Empower 50 Young Entrepreneurs with Over 60m Naira Seed
International Breweries Foundation has given out a combined sum of N60 million as seed capital to 50 promising entrepreneurs in line with its commitment to empowering Nigerian youths to be self-sufficient and employers of labour through its Kickstart initiative. The Foundation, which is the corporate social responsibility (CSR) arm of[Read More…]
NAFDAC alerts Nigerians on ban of Sheesha beauty creams, Dona White cream
The National Agency for Food and Drugs Administration and Control (NAFDAC) has issued a public notification regarding the prohibition of Sheesha Beauty Cream and Dona White Extra Whitening Lotion by the European Union (EU). Following stringent testing against European standards, these products have been found non-compliant with the Cosmetic Products[Read More…]
200 amateur golfers for 62nd FirstBank Lagos Golf Open
No fewer than 200 amateur golf players will compete at the 62nd edition of the First Bank Golf Lagos Open scheduled to tee off from November 16 to November 19 at the Ikoyi Club, 1938 golf section. Olusegun Alebiosu, Executive Director, Chief Risk Officer, FirstBank, who represented the Managing Director,[Read More…]
Winners Emerges at 2nd Edition of Nigerian Marketing Awards
In a night of glitz and glamour, winners have emerged at the 2nd Edition of the Nigerian Marketing Awards recently in Lagos. On the night, MTN Nigeria clinched the award for the Best Reputation Management of the year, while Rickett (Dettol) left with the award for the Best Social Responsibility[Read More…]
Stanbic Ibtc, Others Restate Commitment To Environmental Sustainability
Stanbic IBTC and other members of the private sector’s Environment Social and Governance (ESG) Forum have expressed their willingness to collaborate in raising awareness and taking concrete action to achieve a sustainable environment and secure future for the African continent and the world. They made the commitment at a media[Read More…]
Bank customers pay N225.6bn as charges for e-business
Customers of leading commercial banks in Nigeria paid N225.6 billion as charges for accessing electronic business (e-business) services in the first nine months of 2023 (9M’23). This represents a 32.3 percent year-on-year (YoY) increase when compared to N170.46 billion they paid in 9M’22. It also indicated increased adoption of electronic[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]