Telecom Operators Threaten Tariff Hike Over Cost of Doing Business Telecoms operators have threatened upward review of their tariff over rising cost of doing business and safety of telecommunications infrastructure in the country. The Association of Licensed Telecommunication Operators of Nigeria (ALTON) also says it is...

 Governors Protest Low FAAC Revenue Low revenue accruing to state governments monthly from the Federation Account Allocation Committee (FAAC)  is forcing the sub nationals to renew their calls for the removal of fuel subsidy. They are also introducing strategies to increase their Internally Generated Revenue. For instance,...

JUST IN $9.8m Money Laundering: Andrew Yakubu’s Acquittal Unacceptable - EFCC By Abdulrahman Abdulraheem The Economic and Financial Crimes Commission (EFCC) has vowed to appeal the ruling by Justice Ahmed Mohammed of the Federal High Court, Abuja, quashing the money laundering charges preferred by the...

Court acquits Former NNPC GMD of Money Laundering Charges The Federal High Court has discharged and acquitted Andrew Yakubu, a former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC) on a money laundering case. against him. The Economic and Financial Crimes Commission (EFCC)...

NNPC Spends Over N63bn Maintaining Nigeria's Three Idle Refineries The Nigerian National Petroleum Company Limited (NNPC) invested N63.3 billion on its three refineries located in Port Harcourt, Warri and Kaduna. The National Bureau of Statistics report on trade revealed that in 2021 petrol importation jumped by...

IMF Cautions Nigeria On Volatile Capital Flows The International Monetary Fund (IMF) warns that countries with large external loans may be vulnerable to financial crises and recessions if capital flows out. In December 2021, Nigeria had an external debt stock of $38.39 billion. The federal...