50% Tariff Hike: NLC Threatens Shut-down of Telecom Operations March 1 The Nigeria Labour Congress (NLC) has warned that if the telecommunications companies fail to revert to the old tariff by the end of February 2025, it will mobilize workers to shut-down their operations nationwide...

NGX: Investors Gain N471.37bn in Trading Session The Nigerian Exchange investors recorded a gain of N471.37bn at the end of Tuesday’s trading session as the market capitalisation rose to N63.3tn. The All-Share Index advanced by 0.75 per cent, adding 767.63 points to close at 103,137.99. Overall, 127...

Telecom: Tariff Hike Imminent but Not 100%, Says Minister The Minister of Communications, Innovation, and Digital Economy, Dr Bosun Tijani, has disclosed that telecommunication tariffs will soon increase, though the hike will not be as high as the 100 per cent being proposed by operators. Speaking...

Tax Reform Bill: Attribution before Derivation I have been studying this tax reform bill for sometime now but my worry is heightening by the day. The truth is that Tinubu’s tax experts who worked on the bill has inputed so much into the bill which...

Forex: Telecos Seek NCC Approval for Tariff Hike Telecommunications operators in the country including MTN Nigeria and Globacom have asked for Federal Government approval through the Nigerian Communications Commission to raise their tariff. The development came after foreign exchange losses and rising energy costs forced some...

Dangote, Nestle, Others Lose N1.7tn to Naira Depreciation Dangote Group, Nestle Nigeria and MTN Nigeria, alongside four of Nigeria’s most capitalised companies, lost N1.7tn to the depreciation of the naira in 2023. According to an analysis of their financial statements published on the website of the...