Interconnect Debt: NCC to Disconnect Glo Customers from calling MTN The Nigerian Communications Commission says it will soon bar Globacom customers from making calls to MTN lines soon due to alleged non-settlement of interconnect charges. The NCC disclosed this on Monday in a public notice signed...

Telecom: Data, Airtime Subscriptions Rise 32.5% to N2.6tn in Nine Months The amount spent on airtime and data by Nigerian telecom subscribers rose to at least N2.59tn in the first nine months of 2023. This is according to the financial statements of MTN Nigeria and Airtel...

Equity Market Falls by N35bn as Trading Declines The market capitalisation of the Nigerian Exchange Limited slid by N35bn as MTN Nigeria (-0.63 per cent), Dangote Sugar (-1.64 per cent), Lafarge Africa Plc (-1.34 per cent), United Bank for Africa(-0.24 per cent) and FBN Holdings...

Trading Session Reverses as Investors Loss N158bn - NGX The positive start to October’s trading session on the Nigerian Exchange Limited on Tuesday was reversed on Wednesday as investors recorded a N158bn loss. This was due to losses recorded by MTN Nigeria (-3.85 per cent), Wema...

More Losses Projected as Nine Firms Lose N960bn in H1 - Report Following foreign exchange reforms, Nigerian businesses have envisaged increased losses in the second quarter of the year. Already, nine firms had lost N960.18bn to the new forex policy in the second quarter. According to the...

The Exit of Multinationals from Nigeria over Business Climate By Zekeri Idakwo, Let us just admit it. The business environment in Nigeria is gradually becoming a threat not only to the smooth operations of small-scale businesses, but also multi-national companies in the country. Some few weeks ago,...