Aviation Minister Restates Commitment To Workers’ Welfare 

BusinessNewsNigeriaPoliticsAviation Minister Restates Commitment To Workers’ Welfare 

Uzoamaka Ikezue (Staff Reporter)February 27, 2025

The Minister of Aviation and Aerospace Development, Festus Keyamo has restated commitment to unionism and the welfare of aviation workers. The Minister disclosed this on Wednesday  while delivering a keynote address at the 11th Edition of Aviation Workers’ Week and Award Night in Abuja. The event, with the theme: “The Role of Aviation Trade Unions in Galvanizing Workers’ Support for the Attainment of Ministerial Mandates.”  brought together key stakeholders, including heads of agencies under the...

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CBN Maintains 27.5 Per Cent Interest Rate to Tackle Inflation

BusinessNewsNigeriaCBN Maintains 27.5 Per Cent Interest Rate to Tackle Inflation

By Ezinwanne Onwuka (Senior Reporter)February 20, 2025

The Central Bank of Nigeria (CBN) has maintained the Monetary Policy Rate (MPR) at 27.5 per cent, following six consecutive hikes last year. This decision comes amidst observed stability in the foreign exchange market and a gradual decline in inflation rates. CBN Governor, Olayemi Cardoso, addressed the press in Abuja, expressing satisfaction with recent macroeconomic trends. He noted, “Inflation is trending down, and it’s looking positive,” emphasising the bank’s objective to reduce inflation to single-digit...

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EU, ENSG Partners On Renewable Energy Initiatives

BusinessNewsNigeriaEU, ENSG Partners On Renewable Energy Initiatives

Ije Ulasi (Regional Correspondent)February 12, 2025

The European Union, EU, and the Enugu State Government have agreed to collaborate in power and infrastructure sectors for sustainable economic growth and development. The Head of Cooperation at the European Union Delegation to Nigeria and ECOWAS, Mr. Massimo De Luca, disclosed this intention on Tuesday at a meeting with the Enugu State Governor, Dr. Peter Ndubuisi Mbah at the Enugu State Government House. “A specific focus which has emerged over the last couple of...

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MTN Raises Data Prices by 200%, 15GB Plan Jumps from ₦2,000 to ₦6,000

BusinessNewsNigeriaMTN Raises Data Prices by 200%, 15GB Plan Jumps from ₦2,000 to ₦6,000

By Ezinwanne Onwuka (Senior Reporter)February 11, 2025

…Telecoms increase text message cost to ₦6.00 MTN Nigeria has increased its data prices following the recent approval by the Nigerian Communications Commission (NCC) allowing telecom operators to implement up to a 50 per cent tariff adjustment. The sharp increase, which has sparked widespread outrage among subscribers, saw the price of MTN’s 15GB weekly data plan jump from ₦2,000 to ₦6,000—a 200 per cent hike. Other data plans have also been adjusted, with the 75GB...

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Kaduna Closes United Nigerian Textiles Ltd Over N1.2bn Unpaid Revenue

BusinessNewsNigeriaKaduna Closes United Nigerian Textiles Ltd Over N1.2bn Unpaid Revenue

Hassan Umar Shallpella (Regional Correspondent)February 1, 2025

The United Nigerian Textiles Limited, UNTL has owed Kaduna State Government substantial revenue totaling N1.2 billion. Following the failure of the company to offset the liabilities, the Kaduna State government has sealed the company. Aisha Ahmed, the Executive Board Secretary of Kaduna State Internal Revenue Service, KADIRS stated this in Kaduna during an enforcement operation, said intelligence information revealed that the company planned to relocate from Kaduna, adding that the company must pay what it...

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NLC to Protest Nationwide Against Planned 50% Hike in Telecom Tariffs

BusinessNewsNigeriaPoliticsNLC to Protest Nationwide Against Planned 50% Hike in Telecom Tariffs

By Ezinwanne Onwuka (Senior Reporter)January 29, 2025

The Nigeria Labour Congress (NLC) has announced a nationwide protest scheduled for Tuesday, 4 February 2025, to resist the proposed 50 per cent increase in telecommunication tariffs. In a communiqué issued at the end of its National Administrative Council (NAC) meeting held in Abuja, NLC President, Joe Ajaero, stated that the mass rally would take place in all 36 states of the federation, including the Federal Capital Territory. “To express our collective opposition to this...

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Telecom Costs Rise by 50% as NCC Implements Tariff Hike After 12 Years

BusinessNewsNigeriaTelecommunicationTelecom Costs Rise by 50% as NCC Implements Tariff Hike After 12 Years

By Ezinwanne Onwuka (Senior Reporter)January 20, 2025

The Federal Government, on Monday, approved a 50 per cent increase in telephone tariffs, marking the first adjustment in 12 years. The decision was announced by the Nigerian Communications Commission (NCC) in a statement signed by its Director of Public Affairs, Reuben Muoka. The NCC explained that the tariff hike was necessitated by the rising operational costs faced by telecom operators, including naira devaluation, forex instability, vandalism, and insecurity. Telecom operators had for years pushed...

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774 Local Governments To Open Dedicated Accounts With CBN

BusinessNewsNigeria774 Local Governments To Open Dedicated Accounts With CBN

Hassan Umar Shallpella (Regional Correspondent)January 20, 2025

The Association of Local Governments (ALGON) has said 774 local governments in the country are to open dedicated accounts with the Central Bank of Nigeria (CBN) for the direct disbursement of allocations to them from the Federation Account. Bello Lawal Yandaki, National President of the Association, who spoke with reporters in Katsina, the capital of Katsina State said the opening of the account is critical to implementing the Supreme Court ruling on direct allocations to the councils....

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Festive Season Drives Inflation to 34.80% in December

BusinessEconomyNewsNigeriaFestive Season Drives Inflation to 34.80% in December

By Ezinwanne Onwuka (Senior Reporter)January 15, 2025

Nigeria’s inflation rate increased for the fourth consecutive month, reaching 34.80 per cent in December 2024, compared to 34.60 per cent recorded in November. This was disclosed by the National Bureau of Statistics (NBS) in its latest report released on Wednesday. The NBS attributed the rise to heightened demand during the festive season, with food and non-alcoholic beverages being the key contributors to the surge. Despite the rise in overall inflation, food inflation slightly eased...

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Mubi Livestock Market Supplies 29M Animals To Lagos Annually – Gov Fintiri

BusinessNewsNigeriaPoliticsMubi Livestock Market Supplies 29M Animals To Lagos Annually – Gov Fintiri

Hassan Umar Shallpella (Regional Correspondent)January 10, 2025

Adamawa State governor, Ahmadu Umaru Fintiri said the Mubi livestock market supplies 29 million animals to Lagos annually, generating N29 billion in revenue. Fintiri disclosed this during a meeting with the Minister of Livestock Development, Alhaji Idi Mukhtar Maiha, commended President Bola Ahmed Tinubu for creating the Ministry of Livestock Development and appointing Maiha as Minister. He emphasized the significant contribution of the livestock industry to the state’s economy. He called on the federal government...

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