Fed Govt Generates N127.03bn Tax From Calls, SMS   The Federal Government made N127.03bn from Value Added Tax on calls, SMS, data, and other information and communication services in the first six month of the year. This is 10.69 per cent of the total N1.19tn that was...

Telecom Companies Plan 40% Tariff Hike   Telecommunication companies are proposing a 40 per cent increase in the cost of calls, SMS, and data to the Nigerian Communications Commission as a result of the rising cost of running a business in the nation. Based on their proposal,...

Nigerians Spent N1.77trn On National Calls, SMS In 2020       Nigerians spent about N1.77tn on national calls and short messages in 2020. This is according to the analysis of data released by the Nigerian Communications Commission recently released in document titled ‘2020 subscriber/network data report’. NCC put total...

Despite NERC Capping, Consumers Lament Outrageous Billing       Despite a regulation capping the limit to which distribution companies (DisCos) can charge electricity consumers who are not metered, overbilling in the form of estimated billing has continued. Specifically, the National Electricity Regulatory Commission (NERC), in February issued an...

MTN Nigeria Profit Shrinks To N144.24bn         MTN Nigeria’s profit dropped by 3.3 per cent, recording N144.24bn profit after tax in the nine-month period ended September 30, the company’s unaudited financial report released on Wednesday has shown. MTN said its operations were impacted by the devaluation of...

Senate Probes Commercial Banks Over Illicit, Excess Charges       The Senate on Wednesday mandated its Committee on Banking, Insurance and Other Financial Institutions to investigate the alleged illicit and excess bank charges by commercial banks operating in the country. The upper chamber urged the Central Bank of...