Business

Telephone companies in Nigeria have threatened to suspend USSD services over indebtedness by banks. Millions of Nigerians use the shortcode platform to access banking services daily through their phones, but the telcos say they are being owed by the banks. The Association of Licensed Telecommunication Operators of Nigeria (ALTON) said …

A trending means of getting loans as quickly as within 24 hours or less may be helping to create liquidity for employees and owners of Small and Medium Scale Enterprises (SMEs). However, this trend may be luring them to debt traps with the tendency for some to take loans that …

Nigerian Philanthropist and Industrialist, Abdul Samad Rabiu, has donated N200million to Sokoto State University towards the construction of an ICT Faculty Building for the University. This donation will support the University’s quest to become one of Nigeria’s best universities producing talent in the ICT space. According to Rabiu, Sokoto State …

The Dangote Sugar Refinery (DSR) Plc has announced the closure of its company in Niger state over a land acquisition dispute. The company announced the development in its 2020 consolidated and separate financial statements. It said the land was purchased for its backward integration project (BIP) which is ongoing in …

The United States described the Dangote Group of Companies’ business strategies as disastrous to the Nigerian economy. Owned by Africa’s richest man, Aliko Dangote, it is the largest conglomerate in West Africa with over 30,000 employees. A report published in 2010 on Wikileak’s website said even though Dangote played a …

MTN Nigeria has acquired an additional 10MHz spectrum in the 800MHz band from Intercellular Nigeria Limited. The Nigerian Communications Commission (NCC) has approved the transaction and assigned the frequency to MTN Nigeria. The acquisition will significantly improve customer experience, in line with our commitment to deliver excellent service quality to …

The Nestoil Group has called for an end to gender bias, as it said women should be celebrated for their feats and not their gender. The group at its 2021 International Women’s Day (IWD) webinar with the global theme, ”#ChooseToChallenge” seeks for a balanced society where roles should be assigned …

The President, Major-General Muhammadu Buhari (retd.), and the state governors will discuss the issue of fuel pricing Thursday. The Minister of Labour and Employment, Senator Chris Ngige, disclosed this Sunday night after a bipartite meeting of the Federal Government and the organised labour at the Banquet Hall of the Presidential …

Payment of public funds into personal accounts has declined by 94% BudgIT, a civic advocacy organisation focused on budget and public finance issues, says the payment of public funds into personal accounts has declined by 94.75 percent. Chinwe Umeh-Ujubuonu, BudgIT program manager; and Chinedu Bassey, program manager at Civil Society …

Marketers of Premium Motor Spirit, popularly called petrol, on Wednesday met in Abuja on matters regarding the price of the commodity. Although most filling stations in Abuja and neighbouring states of Nasarawa and Niger dispensed PMS at the approved N162/litre price, it was gathered that this price might be adjusted …