The Senate has summoned the Central Bank of Nigeria, MTN Nigeria, the Financial Reporting Council of Nigeria, three commercial banks and some businessmen over alleged violation of the Foreign Exchange (Monitoring and Miscellaneous) Act. The upper chamber of the National Assembly had instituted a probe...

The Senate has opened the probe into the alleged fraudulent repatriation of $13.92 billion from Nigeria by the Minister of Trade, Industry and Investment, Dr. Okechukwu Enelamah, in collusion with MTN Nigeria Limited, without authorisation. According to the Senate, MTN, in collaboration with the minister, exploited the...

The Nigerian Communications Commission has released details of how the four major operators fared in the data market in the month of June. From the figures published on the commission’s website, Globacom finished top of the table with 26,628,065 Internet subscribers. This shows an addition...

Africa’s biggest mobile phone operator MTN Group said on Thursday its Nigeria unit is on track to list on the Nigerian Stock Exchange (NSE) in 2017 as part of an agreement with the Federal Government. MTN had said in June its local unit would list...

The report of the just released 2015 Mediafacts, which is a key media resource for marketing professionals in West and Central Africa, has shown that the telecommunications sector retained its lead position as the highest advertiser in Nigeria in 2015 with a combined total...

At a time when many Nigerians are complaining about the dwindling fortunes of the nation’s economy, with its attendant high cost of living, any legislation that seeks to increase their burden even in the short-run could be resisted. As with most capitalist societies, with a...