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...

…Says No Company Has Been Shut Down The National Agency for Food and Drug Administration and Control (NAFDAC) has resumed enforcement of the ban on the production and sale of alcoholic drinks packaged in sachets and small bottles, clarifying that no alcohol-producing company has been shut down as a result of the action. In a press statement issued on Thursday, the agency said the enforcement applies to alcoholic beverages packaged in sachets and in PET...

The Lagos State Government has announced a strategic partnership with MTN Nigeria to redevelop the long‑neglected Obalende under‑bridge into a modern transport hub to be known as the Y’ELLO Bus Park. The project aims to transform one of the city’s most congested and degraded spaces into a safe, functional and environmentally friendly facility for commuters and residents. Tokunbo Wahab, the state’s Commissioner for Environment and Water Resources, made the announcement on Tuesday via his official...