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Telcos await NCC guidelines on 50% tariff hike

28.01.2025
Telecommunications operators are awaiting detailed guidelines from the Nigerian Communications Commission to outline the specifics and framework required for implementing the controversial 50 per cent tariff hike. The telecom regulator is expected to issue a ‘determination document,’ which serves as a blueprint to define the frameworks, terms, and conditions for implementing the approved tariff adjustments....
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Consumers kick as IBEDC hikes energy cost

28.01.2025
The Ibadan Electricity Distribution Company is under fire for raising its minimum energy credit purchase requirement for Band A customers to N5,000. The Disco also capped the minimum energy credit for customers on other bands at N2,000, sparking outrage and condemnation from various consumer groups. In a message to its customers, the IBEDC said, “Please...
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Asian stocks drop after Trump’s huge tariff threats 

28.01.2025
Asian markets mostly fell Monday on fresh trade fears after Donald Trump’s threat to impose huge tariffs on Colombia in retaliation for its refusal to accept deportation flights from the United States. Traders were also assessing the impact of a new, cheaper Chinese generative AI programme amid claims it can outperform big-name rivals and worries...
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Telcos may cut banks’ USSD access today

28.01.2025
Mobile Network Operators, including MTN and Airtel, will stop providing dedicated text message services to banks unless the lenders settle their outstanding debts to the telcos by the close of business today. The disconnection of the Unstructured Supplementary Service Data service, which impacts mobile banking services used by millions of Nigerians, follows an order from...
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Rebasing GDP, CPI based on UN fundamental principles – Statistician-General

28.01.2025
The Statistician-General of the Federation, Prince Semiu Adeyemi, has emphasised Nigeria’s commitment to producing reliable and accurate economic data, stating that the ongoing rebasing of the Gross Domestic Product and Consumer Price Index is aligned with the United Nations Fundamental Principles of Official Statistics. He made this known during a sensitisation workshop organised by BudgiT for Civil...
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Tax cuts to transform SMEs in 2025 – LASG

28.01.2025
The Lagos State Employment Trust Fund has projected 2025 as a transformative year for Micro, Small, and Medium Enterprises, with tax cuts and export incentives shaping their future, coupled with the introduction of key policy reforms. LSETF, an agency of the Lagos State Government, in its report titled Resilience and Opportunities: A Review of 2024...
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CSOs kick as MDAs spend N16bn on estacode, compensations

28.01.2025
The ministries, departments, and agencies of the Federal Government spent over N16bn on estacodes for officials and compensations for people affected by government projects in about two years, The PUNCH reports. Data obtained from GovSpend, a repository and accountability platform by BudgIT that analyses government spending, indicated that the MDAs spent N9.079bn on estacodes in...
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Oando, Lagos govt to deploy 5,000 electric buses

28.01.2025
The Group Chief Executive Officer of OandO Plc, Wale Tinubu, said the plans of the oil company to partner with the Lagos State Government to deploy 5,000 electric commercial vehicles to the state are now in top gear. Tinubu said the decision of the firm to invest in electric vehicles, particularly public transportation, was triggered...
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Insurance sector assets hit N3.88tn in Q3 – NAICOM

28.01.2025
Total assets in the insurance sector expanded by 5.15 per cent to N3.88tn at the end of the third quarter of 2024 compared to N3.69tn reported in the previous quarter. This was indicated in the bulletin of the insurance market performance in the third quarter published by the Research & Statistics Department of the National...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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