USSD: Banks, Telcos Meet As Debt Hits N100bn   The accumulated debt from Unstructured Supplementary Service Data which Deposit Money Banks owe telecommunication firms has risen to over N100bn. As a result, banks and telcos are expected to hold another round of...

Foreign Airfares Hit New High As Airlines Settle For N582/$1   For the third time in less than a month, the rate of exchange (RoE) applicable to foreign airlines has ballooned, hitting N582/$1 with attendant spike in the cost of international...

Cooking Gas Price Rises By 22.03% — NBS   The National Bureau of Statistics (NBS) has disclosed that the average price of 5kg of cooking gas rose year-on-year (YoY) by 22.03 per cent to N4, 610.48 in February 2023 from N3,778.30...

Telecom Base Stations Fuel Cost Now N400bn - NBS   The cost of powering telecommunication services has hit N33.47bn per month following a 55.16 per cent year-on-year increase in the cost of diesel. According to the National Bureau of Statistics, the cost...

DBN Disbursed N631bn To 313,000 MSMEs    The Development Bank of Nigeria (DBN) has disbursed more than N631 billion to slightly over 313,000 MSMEs across the country, from N482 billion to more than 208,000 MSMEs at the end of the previous...

Fed Govt, US Firm Sign MoU On $15bn Rail Project   The Federal Government, through the Ministry of Niger Delta has signed a deal with a United States based firm, Atlanta Global Resources Inc, for the construction of a $15bn rail...