$10.1bn: Go after MTN, NLC gingers federal government The Nigeria Labour Congress (NLC) has backed the federal government to spare no effort in ensuring that MTN refunds $10.1 billion. NLC president, Ayuba Wabba in a statement issued on Sunday, urged MTN to comply with the federal government’s directive. The Central Bank of Nigeria had alleged that the telecommunications company...... read more
Onitsha Keke Operators Protest N300M Illegal Levies Business activities in Awka capital Anambra State were disturbed when on Wednesday, when over 5,000 operators of commercial tricycles (aka) keke took over the streets in protest over what they claimed was the forceful extortion by agents of the state government. They particularly complained that no less than N300million are forcefully...... read more
BREAKING: MTN fights back, drags AGF, CBN to court over $10.1bn demand MTN Nigeria has filed a suit against the Central Bank of Nigeria (CBN) and the attorney-general of the federation to seek a restraining order, TheCable can report. In a suit filed on Monday, the telco is seeking an conjunctive relief to protect its assets and shareholder rights, according to report emerging...... read more
Tragedy averted as Plane makes emergency landing in Lagos An Air Peace Lagos-Owerri flight returned to base on Friday after a passenger on board informed the crew that he was smelling smoke in the cabin. An Air Peace Lagos-Owerri flight returned to base on Friday after a passenger on board informed the crew that he was smelling smoke in the...... read more
Glo 'Slasher' customers to enjoy up to 85% reduction on foreign calls In line with its forte of constantly adding value to subscribers’ experience on the network, Globacom has reduced the cost of its international calls by up to 85 per cent. The discount is one of the benefits of the Glo Slasher recently launched by the company, with the aim of empowering subscribers to...... read more
GenCos vows to shut down power plants across Nigeria Executive secretary of the Association of Power Generation Companies (APGC), Joy Ogaji has declared that power firms might shut down plants over the inability of the Transmission Company of Nigeria (TCN) to transmit available volume of electricity generated into the national grid. In a statement, Ogaji said the generation companies (GenCos) were increasingly facing lower...... read more
'Glo Oga SIM' showers data on Nigerians Nigeria's grandmasters of data, Globacom, has showered Nigerians with data as it introduces 'Oga SIM', a product that gives subscribers an unrivalled 125 per cent bonus on data bundle subscriptions. Addressing journalists at the launch of ‘Oga SIM’ at the Mike Adenuga Towers, Victoria Island, Lagos on Wednesday, Globacom's Regional Chief Marketing...... read more
Lagos traffic gridlock lingers as Ambode drags completion of light rail project The Lagos state government has postponed the projected completion of the Blue Line Light Rail project from Marina to Mile 2. Lagos Metropolitan Area Transport Authority (LAMATA) managing director, Abiodun Dabiri said the government has signed a Memorandum of Understanding with Alstom SA, a French multinational to complete the project. The...... read more
Mysterious fire destroys offices, cash as Access Bank building goes on fire in Akure Tragedy struck on Monday, as a branch of the Access Bank Plc on the campus of the Adekunle Ajasin University (AAU) Akungba Akoko, Ondo State, went up in flames. PUNCH, reports that fire, which started in the earlier hours of the day, before the resumption of the dayy’s activities, destroyed some...... read more
Price of commodities soars as Inflation rate jacks up steadily in Nigeria -NBS The rate at which the prices of good and services are increasing is rising. Data made available by the National Bureau of Statistics on Monday showed that month-on-month inflation rose from 1.09 percentage points in May to 1.24 percentage points in June. However, year-on-year inflation slowed from 11.61 percentage points in...... read more
BREAKING: New National carrier unveiled as Nigeria Air Minister of State for Aviation, Hadi Sirika on Wednesday unveiled the name of Nigeria’s national carrier, as well as the logo at the Farnborough International Airshow in London. Sirika said the national carrier is Nigeria Air. During the unveiling, the minister said, “this will be a National Carrier that is Private...... read more
Buhari's Finance Minister get Bank chairman appointment despite certificate forgery scnadal Nigeria’s embattled finance minister, Kemi Adeosun, has been elected chairperson of the board of the African Export-Import Bank amid a certificate scandal she has faced in the last one week. Mrs Adeosun was elected during the annual general meeting of AFREXIMBANK in Abuja. The bank, which is celebrating its 25th anniversary,...... read more
Ciroma, ex-CBN Governor dies at 84 Former Governor of Central Bank of Nigeria, Adamu Ciroma is dead. Family sources said the elder statesman died in an Abuja hospital on Thursday after a protracted illness. Mr Ciroma, a former minister of finance, passed on at the Turkish Nizamiye Hospital, Abuja, where he had been hospitalised since last week....... read more
Internet Subcribers in Nigeria hit over 100 million -NCC The Executive Vice Chairman, Nigerian Communications Commission (NCC) Prof. Umar Danbatta on Tuesday described the growth of the internet as enormous with the number of users reaching 103 million in May. Danbatta, who was represented by Mr Haru Alhassan, the Director, New Media and Information Security of NCC, said this in...... read more
TRAGEDY! Million-naira goods destroyed as fire raze Azare market in Benue Traders at the Azare Central Market in Katagum Local Government Area of Bauchi State have been counting their losses as a large portion of the market was gutted by fire on Sunday. The inferno which started around midnight was said to have lasted till around 8:00 am on Monday. Although no lives were...... read more
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