Airtel Suspends Airtime, Data Credit Services Over New FCCPC Rules

Airtel Nigeria has suspended its airtime and data credit services, becoming the latest telecom operator to take action in response to new regulatory requirements introduced by the Federal Competition and Consumer Protection Commission (FCCPC). The development comes after MTN Nigeria earlier halted similar services, signalling a broader industry adjustment to the FCCPC’s stricter framework for digital lending in the country. Airtel’s Director of Marketing, Mr Ismail Adeshina, disclosed the suspension in a statement issued on...

Dangote Makes TIME 100 List of 100 Most Influential People

Industrialist Aliko Dangote has been named among TIME Magazine’s 100 Most Influential People in the World for 2026. The annual list, released on 15 April, recognises global figures shaping business, politics, science, and culture. Dangote is the only Nigerian on the list and was featured in the “Titans” category, marking his second appearance after his 2014 recognition. He joins world leaders and business figures including Donald Trump, Xi Jinping, Benjamin Netanyahu, Sundar Pichai, and Neal...

MTN Nigeria Suspends Airtime, Data Credit Services 

In compliance with the Federal Competition and Consumer Protection Commission (FCCPC) regulatory requirements, MTN Nigeria has suspended its airtime and data credit advance service, known as Xtratime. In a statement signed by its secretary, Uto Ukpanah, and posted on the Nigerian Exchange Group on Thursday, the telecommunications company said the temporary suspension of the credit service is to comply with the FCCPC licensing framework for entities providing digital or non-traditional consumer credit services. In its...

Petty Trader In Plateau State Rewarded With N500, 000 For Returning N1m

A petty trader in Plateau State, Mrs. Sarah Luka, who returned N1 million she discovered in goods she purchased at Terminus Market in Jos has been rewarded with N500, 000 cash for her generosity by a prominent politician and businessman, Ambassador Abubakar Sadeeq. Mrs. Luka, who operates a small business along Lamingo Road, had purchased leather bags worth about N6, 000 from a wholesaler, Mr. Abubakar Dola about two weeks ago. Unknown to her at...

NESG Warns FG Against Reversal Of Economic Reforms

The Nigerian Economic Summit Group (NESG), has urged the Federal Government not to reverse some of the economic reforms introduced by the present administration, as the move will result in severe economic consequences and pains for the country. Head of Research, NESG, Dr. Joseph Ogebe, who gave the warning at an interactive session with journalists in Abuja on Monday, suggested to the Federal Government to consolidate on the recent macro-economic gains and ensure they translate...

CBN Limits Nigerians to ₦20K Mobile App Transactions on New Devices from July

The Central Bank of Nigeria has introduced a ₦20,000 transaction cap for customers using mobile banking applications on newly activated devices, as part of a fresh move to tackle rising digital fraud. The directive, contained in a circular dated 12 March and signed by Musa Jimoh, Director of Payments System Policy, applies to banks, fintech firms, and mobile money operators across the country. Under the new rule, customers will be restricted to a maximum of...

Beer, Malt Drink Prices to Rise as Breweries Battle High Production Costs

Consumers across Nigeria may soon pay more for some popular alcoholic and non-alcoholic drinks as two of the country’s leading brewers — Nigerian Breweries Plc and Guinness Nigeria Plc — move to increase prices on selected products in response to mounting production and operational costs. In separate notices to distributors, both companies said the decision was driven by prevailing economic conditions that have significantly raised the cost of doing business. In a letter dated 13...

Shettima: Tax Reforms Will Help Small Businesses, Lift Nigerians Out of Poverty

Nigeria’s Vice President, Kashim Shettima, has defended the Federal Government’s proposed tax reforms, insisting that the new measures are designed to improve livelihoods and reduce the burden of multiple taxes on small businesses and low-income earners. Speaking on Wednesday in Abuja at an interfaith breaking of fast for Ramadan and Lent held at the State House, Shettima said the reforms were carefully planned to address the concerns of ordinary Nigerians, contrary to claims by critics...

Oil Prices Hit $79, Surpass Nigeria’s Budget Benchmark

Crude oil prices surged sharply on Monday, climbing to $79 per barrel — the highest level in more than a year — and significantly above Nigeria’s budget benchmark. Brent crude, the global oil benchmark, rose by more than nine per cent to $79 per barrel for the first time since August 2024. The price briefly touched an intraday high of $82 before easing slightly in early trading. West Texas Intermediate (WTI), the United States benchmark,...

Kogi Receives NEPZA Certificate For Ajaokuta Economic City Free Trade Zone

The Nigeria Export Processing Zones Authority (NEPZA) has officially issued the License/Certificate of Declaration for the Ajaokuta Economic City Free Trade Zone, to the Kogi State Government. The certificate was presented to the Executive Governor of Kogi State, Ahmed Usman Ododo, at the NEPZA Headquarters in Abuja on Thursday. According to the Commissioner for Information and Communications, Kingsley Femi Fanwo, the issuance of the license marks a historic milestone in Kogi State’s economic transformation agenda...

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