The Nigeria National Petroleum Company (NNPC) clarifies claims of reduction of Premium Motor Spirit (PMS) and Automotive Gas Diesel (AGD) This was a certain in a press statement on Wednesday by Chief Soneye, the communication officer stating that all rumors of price reduction should be disregarded completely. “The NNPC Limited wishes to clarify rumors suggesting…
Following the alleged report by an X user @duchessmabbound confirming that dollar rate is lower at the black market. It stated, “This morning that at Zone 4 Abuja, along the Sheraton Hotel, dollar is selling at N1,000 – $1. Abdulsalam BDC is selling N900 if buying over $5000 There’s a mad rush to dispose of…
Telecommunication companies will disconnect more Subscriber Identity Module (SIM) numbers not linked to National Identification Numbers (NIN) on Friday, March 29, 2024, the Nigeria Communications Commission has said. The Director of Public Publicity at the NCC, Reuben Mouka, told journalists a telephone call that that there would be no changes to the deadline for…
The Monetary Policy Committee of the Central Bank of Nigeria has today concluded its two-day meeting for March 2024. This meeting marks the second MPC meeting for the year 2024 and also the 294th meeting of the CBN. The MPC at the end of today’s meeting elected to hike the MPR by 200 basis points….
Following the drastic disruption of internet services in Africa, Nigeria Communication Commission (NCC) has called for a shared and cooperative approach to protect telecommunication structures to ensure continuous internet connectivity. This was confirmed by the Executive Chairman of NCC Dr. Aminu Maida in a statement delivered in Annual General Meeting (AGM) of West Africa Telecommunication…
Disruption is an understatement. To describe the situation lucidly, extinct is the correct word. Indeed, without equivocation, the snap of internet services last week left a tale of woes. Ogbodo Ozioma Favour reports the socio-economic challenges faced by users. Internet service disruption almost all of last week in the Federal Capital Territory, Abuja, reportedly caused…
In a bid to tackle the rampant vandalism of transportation infrastructure, particularly properties belonging to the Nigerian Railway Corporation (NRC), the Federal Government has embraced a partnership proposal put forward by the Broadcasting Organization of Nigeria (BON). This move was announced by the Minister of Transportation, Said Alkali, during a meeting with a delegation from…
The Naira has been ranked as one of the 15 poorest performing currencies compared to the US Dollar. A report credited to Statisense and dated March 18, 2024, examines the yearly depreciation of various currencies in relation to the USD. Lebanon has the highest percentage loss at -497%, with Syria following closely at -418% and…
In a groundbreaking development, the U.S. Department of Justice has announced an antitrust lawsuit against tech giant Apple. The suit made on Thursday, alleges anti-competitive behavior in the company’s app store practices. This move signals a significant escalation in the government’s efforts to address concerns about competition in the tech industry. The lawsuit is expected…
The Federal Ministry of Transportation has announced the development of the first-ever National Land Transport Policy (NLTP). Speaking at a stakeholders’ validation forum held on Wednesday, the Minister of Transportation, Said Alkali, emphasized the transformative potential of the NLTP for the land transport sub-sector, which he identified as the weakest link in the nation’s transportation…
