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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Dangote Refinery Reduces Petrol Price to ₦890 Per Litre

EconomyNewsNigeriaDangote Refinery Reduces Petrol Price to ₦890 Per Litre

By Ezinwanne Onwuka (Senior Reporter)February 3, 2025

The Dangote Petroleum Refinery has announced a reduction in the price of Premium Motor Spirit, commonly known as petrol, from ₦950 to ₦890 per litre. The price adjustment takes effect from Saturday, 1st February 2025. A statement issued on Saturday by the refinery’s spokesperson, Anthony Chiejina, described the price review as a “strategic adjustment” influenced by positive developments in the global energy and gas markets, as well as a decline in international crude oil prices....

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NYSC DG Confirms Corps Members Will Receive ₦77,000 Allowance from February

EconomyNewsNigeriaNYSC DG Confirms Corps Members Will Receive ₦77,000 Allowance from February

By Ezinwanne Onwuka (Senior Reporter)February 3, 2025

The Director-General of the National Youth Service Corps (NYSC), Brigadier General Yushau Ahmed, has assured corps members that they will begin receiving ₦77,000 as their monthly allowance starting from February 2025. Ahmed gave the assurance while addressing the 2024 Batch ‘C’ Stream II corps members in Katsina State. The Federal Government had earlier announced an increase in the monthly allowance from ₦33,000 to ₦77,000 in response to the reviewed minimum wage and rising inflation. However,...

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We Maintain Zero Borrowing Policy In Project Financing, Ekiti Govt

EconomyNewsNigeriaWe Maintain Zero Borrowing Policy In Project Financing, Ekiti Govt

Uzoamaka Ikezue (Staff Reporter)January 30, 2025

Ekiti State Government has said that it has maintained a zero borrowing policy in project financing. This was disclosed on Thursday when the government presented a breakdown of the N375.7 billion 2025 Budget signed into law by Governor Biodun Oyebanji on 30th December 2024 to the general public, with a confirmation that the administration has not borrowed a dime to finance its projects. Giving an highlight of the 2025 budget tagged “ Budget of Sustainable...

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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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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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Nigeria Governors’ Forum Back FG’s Tax Reform Agenda

NewsNigeriaPoliticsNigeria Governors’ Forum Back FG’s Tax Reform Agenda

By Ezinwanne Onwuka (Senior Reporter)January 16, 2025

The Nigeria Governors’ Forum (NGF) and the Presidential Tax Reform Committee met on Tuesday, 16 January 2025 to discuss critical fiscal and tax policy reforms, issuing a communique with key resolutions. The Chairman of the NGF and Kwara State Governor, AbdulRahman AbdulRazaq, signed the communique, which emphasised the urgent need to modernise Nigeria’s tax system. “The Forum reiterated its strong support for the comprehensive reform of Nigeria’s archaic tax laws. Members acknowledged the importance of...

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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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Dangote Refinery Slashes Petrol Price to ₦899.50

EconomyNewsNigeriaDangote Refinery Slashes Petrol Price to ₦899.50

By Ezinwanne Onwuka (Senior Reporter)December 19, 2024

The Dangote Petroleum Refinery, Africa’s first privately-owned oil refinery, has announced a reduction in the price of its Premium Motor Spirit (PMS), popularly known as petrol, to N899.50 per litre. The price cut is intended to ease transport costs for Nigerians during the Christmas and New Year celebrations. This development was disclosed in a statement issued on Thursday by the Group Chief Branding and Communications Officer of Dangote Group, Anthony Chiejina. Mr Chiejina explained that...

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Cost-of-Living Crisis Worsens as Inflation Hits 34.60% in November

EconomyNewsNigeriaCost-of-Living Crisis Worsens as Inflation Hits 34.60% in November

By Ezinwanne Onwuka (Senior Reporter)December 16, 2024

Nigeria’s inflation rate has climbed again, reaching 34.60 per cent in November, up from 33.88 per cent in October. This was revealed in the latest Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS) on Monday. The rising cost of living has been linked to the naira’s devaluation and repeated petrol price hikes, both of which have pushed many Nigerians into tough financial situations. To tackle the inflationary pressure, the Central Bank...

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