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Business and Economy

MTN Reports N400bn Loss as Naira Devaluation Hits Earnings

By Abigail Philip David MTN Nigeria has reported a N400.44 billion loss after tax for the financial year ending December 31, 2024, attributing the...

Kogi Secures Agreement With China To Establish Free Trade Zone

Michael Onjewu, Abuja The Kogi State government has announced an agreement with the People’s Republic of China for the development of the Kogi Hunan Special...

Nigeria and Belgium to Strengthen Economic Ties

By Abigail Philip David Nigeria and Belgium are set to deepen economic cooperation, particularly in agriculture and food security, as both nations explore new...

Multichoice Announces Another Price Hike for DStv, GOtv Packages

By Abigail Philip David Multichoice has announced another price increase for its DStv and GOtv packages, set to take effect from March 1, 2025. In...

FAAC Meeting Postponed, Inflation Drops, and Key Business Updates

By Milcah Tanimu The Federation Account Allocation Committee (FAAC) has indefinitely postponed its February meeting due to a dispute over NNPC’s N1.7 trillion...

FG Inaugurates Tax Appeal Commissioners to Strengthen Revenue and Economic Reforms

The announcement was made in a statement on Wednesday by Mohammed Manga, Director of Information and Public Relations at the Ministry of Information and...

CBN Warns Banks Against Restricting ATM Withdrawals Below ₦20,000

By Abigail Philip David The Central Bank of Nigeria (CBN) has cautioned banks against limiting customers to withdrawals below ₦20,000 per transaction at Automated...

Reps Demand Reversal as Telcos Implement Tariff Hike

By Abigail Philip David Nigerian telecommunications operators have begun implementing a 50% tariff increase after receiving regulatory approval from the Nigerian Communications Commission (NCC)....

Kaine Edike: Pioneering Authority in Risk Advisory and Climate Change

Kaine Edike, the 38-year-old Managing Consultant of AquaEarth Consulting, is a trailblazer in Nigeria’s environmental and climate change sector. His visionary leadership has significantly...

CBN Ends Free ATM Withdrawals for Other Banks’ Customers

By Abigail Philip David The Central Bank of Nigeria (CBN) has scrapped the three free monthly withdrawals previously granted to customers using ATMs of...

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