The Chief Executive Officer of MultiChoice Nigeria, owners of Digital Satellite Television (DSTV) Mr. John Ugbe has stated that the (PAYG) billing model advocated by Nigerians is not technically and commercially feasible. Ugbe, who spoke when he appeared before the House of Representatives Ad Hoc Committee investigating the non-implementation of[Read More…]
News
Airtel Nigeria Loses an Appeal of N4.88BN Debt Scandal
The debt scandal involving Airtel Network Nigeria Limited and a communication firm, Plus Limited has reverberated as the latter’s judgement at the Lagos High Court was upheld by the court of appeal, Lagos. Our correspondent gathered that the appellate court upheld the judgment of a Lagos High Court, Ikorodu, which[Read More…]
Consumers Paid N76.5bn Extra for Petrol After Deregulation – Report
After the Federal Government deregulated the downstream sector of the oil industry on March 19, consumers of Premium Motor Spirit, popularly called petrol, have paid an additional sum of over N76.5bn for the purchase of the commodity. In March when the Petroleum Products Pricing Regulatory Agency announced the commencement of[Read More…]
Consumers And Food Vendors Rate Crown Premium Spaghetti High
Consumers and Food vendors of pasta have rated Crown Premium as high, adding that they would easily recommend the brand as a result of its unique qualities. While consumers relish the taste and non-sticky attribute of the pasta brand, food vendors stated that the product is a source of profit[Read More…]
MTN Nigeria Communications Plc. Begins N100 Billion Commercial – Report
Analysis of the MTN’s results shows that revenues surged, due to increased data usage, aided by the COVID-19 pandemic lockdown. MTN Nigeria Communications Plc (MTN), reported revenues of N638.1 billion in H1 2020, relative to N566.9 billion recorded in the same period in 2019 – a 12.5% increase. MTN Plc[Read More…]
DisCos Announces Compliance With NERC Directive on Reduction of Tariff
There are indications that power distribution companies in Nigeria are complying with the directive of the Nigerian Electricity Regulatory Commission (NERC) by suspending their plan to increase electricity tariff. According to a statement on Thursday, the Abuja Electricity Distribution Company (AEDC) said it has suspended the tariff hike until further[Read More…]
CSR: Access Bank Creates Road Networks In Oniru Axis
In attempt to make the environment where it does business a better place, Access Bank Plc, through Planet Projects Limited (PPL) and Craneburg Construction Company, has created new concrete-based road networks in the Oniru area of Lagos. The initiative is informed by the Bank’s efforts to improve traffic situation of[Read More…]
COVID-19: Multichoice Donates PPE To BJAN
Nigeria’s leading pay TV company, MultiChoice Nigeria has donated dozens of Personal Protective Equipment (PPE) to members of Brand Journalists Association of Nigeria (BJAN) during a courtesy visit to the association by the officials of the company in Ikeja, Lagos recently. The gesture, according to MultiChoice is part of the[Read More…]
FG Takes Over Revenue Custody In NNPC, Customs, FIRS, NIMASA, Others Over Leakages
The federal government is set to take over direct custody of revenues generated by its key agencies as part of efforts to improve income generation and block leakages. Many federal government revenue generating agencies, commissions and enterprises are being accused of either spending at will most of the monies, they[Read More…]
Panic Buying of Palliatives Caused High Food Prices – Governors
The Jigawa State Governor, Abubakar Badaru, and his Kebbi State counterpart, Atiku Bagudu, recently said bulk purchase of food items as palliatives for the COVID-19 pandemic contributed to the high cost of food in the country. The governors spoke alongside their Plateau State counterpart, Simon Lalong, during an interview with[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…]