MTN, Airtel, Glo, Other Telecom Operators Threaten to Increase Tariffs The Association of Licensed Telecommunications Operators of Nigeria (ALTON) and the Nigerian Communication Commission (NCC) have threatened to increase telecommunication tariffs due to the current tariff regime’s lack of sustainability. The thought of increasing the tariffs,...

Monetary Reforms Yielding Positive Results - CBN The Central Bank of Nigeria said that its monetary policy reforms are beginning to have positive effects on the country’s economy. Reacting to the just-released inflation rate for October in a statement issued by the Director of the Corporate...

Fuel Scarcity: Queues Return to Abuja as Price Increases Long queues for petrol resurfaced in Abuja and environs yesterday, amidst speculations about a possible pump price increase. Reports revealed that many independent marketers’ stations have already raised the price of premium motor spirit (PMS) popularly called...

Nigeria’s Inflation Hits 27.33% as Food Prices Soar   Nigeria’s annual inflation rate rose to 27.33 per cent in October from 26.72 per cent in the previous month, the National Bureau of Statistics (NBS) said Wednesday. The statistics office said the October 2023 headline inflation rate showed...

We're Targeting $13bn Revenue From National Assets - Finance Minister   Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun yesterday in Lagos unveiled plans to leverage the nation’s assets to generate about $13 billion annual revenue. Edun disclosed this while speaking at the...

Seme Customs Generate N8bn From Exports   The Nigeria Customs Service, Seme Area Command, said it facilitated N8bn worth of export cargoes from September till date. The Customs Area Controller in charge of the command, Timi Bomordi, said this on Tuesday while addressing journalists at the command...