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...

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...

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...