Naira devaluation wipes out profits despite MTN, Airtel’s good Q1 In the first quarter of 2024, Nigerian telecom companies faced significant foreign exchange losses due to currency devaluation, with MTN and Airtel recording a combined loss of N511.27 billion. Despite…
Here are the key points regarding the six charges against Sirika, the former Minister of Aviation. Former Aviation Minister Hadi Sirika and his daughter Fatima appeared in court in Abuja on Thursday to face charges related to the failed Nigerian…
Government credit hits a one-year low despite increased interest rates. Despite higher interest rates on government securities, commercial banks’ credit to the government fell to a one-year low in the first quarter of 2024. This decline, along with a decrease…
Target high-net-worth individuals The National Economic Summit Group criticized the timing of the cybersecurity levy imposed by the Central Bank of Nigeria, arguing that it should target the wealthy rather than the vulnerable. NESG stated that amidst rising inflation and…
Network providers complain about a challenging business environment. Nigerian network providers expressed their concerns about the challenging business environment in the telecommunications sector. At the launch of the Nigeria Digital Economy Report by GSMA in Abuja, Karl Tariola, CEO of…
Despite higher interest rates, government credit drops to its lowest point in a year. Despite higher interest rates on government securities, commercial banks’ credit to the government fell to a one-year low in the first quarter of 2024. The decline,…
Bail of ₦100 million granted to former minister Sirika, his daughter, and others by the court. Former Aviation Minister Hadi Sirika, along with his daughter and two others, has been granted bail by a Federal High Court in Abuja in…
Will Opposition Unite? Mega-Party Proposed for 2027 Elections. Renowned political economist Professor Pat Utomi has outlined plans to establish a mega political party aimed at challenging the ruling All Progressives Congress (APC) in the 2027 elections. Utomi, who returned to…
APC aspirant, Ibrahim, sues INEC, Aiyedatiwa: Ondo guber: Senator Jimoh Ibrahim has filed a lawsuit at the Federal High Court in Abuja, seeking to annul the APC’s primary election in Ondo State held on April 20. He aims to void…
Fubara on Assembly Quarters Visit Governor Sir Siminalayi Fubara of Rivers State recently clarified his visit to the residential quarters of the State House of Assembly, explaining that he was there to assess the condition of the structures for potential…
Wabara urges Tinubu to intervene and bring Wike under control to prevent unrest in Rivers State. Former Senate President and Chairman of the Board of Trustees of the main opposition Peoples Democratic Party (PDP), Senator Adolphus Wabara, recently urged President…
Akpabio noted an increase in jailbreak incidents since prisons were renamed correctional centres. During a Senate session, Senate President Godswill Akpabio remarked on the increase in jailbreak incidents following the renaming of the Nigerian Prison Service to the Nigerian Correctional…
The Senate initiates an investigation into the delayed $18.5 billion Abuja Centenary City Project. The Senate has launched an investigation into the factors behind the prolonged delay in completing the $18.5 billion Centenary City Project in Abuja. It has urged…
What’s next for Paris Saint-Germain post-Champions League exit? Following their Champions League exit, what’s next for Paris Saint-Germain? Despite the disappointment, head coach Luis Enrique will receive backing to lead PSG into the post-Kylian Mbappe era. PSG expects Mbappe to…
Singer Simi responds to Brymo and Samklef’s suggestive remarks about her in a recent video. Renowned Nigerian songstress Simisola Kosoko, popularly known as Simi, has finally addressed the flirtatious remarks made by her peers Brymo and the producer-turned-blogger Samklef. Last…