Senators Query Reduction Of MTN $8.1bn Fine To $800m

The upper chamber of the National Assembly on Tuesday queried the rationale behind the plan by the Federal Government to reduce the $8.1 billion...

Teleology Takes Over 9mobile, Appoints New Board Of Directors

After series of twists and legal turns in the takeover process of 9mobile, Teleology Technology Limited on Monday officially took over the operational affairs...

MTN Sues FG For N3b Over $1.3b Withholding Tax

MTN Nigeria Communication Ltd has filed a fresh suit at the Federal High Court in Lagos to challenge the legality of N242 billion and...

Oil Prices Rise As U.S. Sanctions On Iran Begins

Oil prices rose on Monday as U.S. sanctions against Iran’s fuel exports began but were softened by waivers allowing major buyers to import Iranian...

NNPC May Sign Oil Swap Deals With Shell, ExxonMobil – Official

Nigeria’s state oil firm, NNPC, could sign crude-for-product deals with Shell and ExxonMobil, similar to one signed with BP last week, a senior NNPC...

Two Global Banks Close Offices In Nigeria

HSBC and UBS closed their offices in Nigeria. The Central Bank of Nigeria said this in a report on Friday as it revealed foreign...

NSE Suspends Six Listed Companies From Trading

The Nigerian Stock Exchange (NSE) has notified the dealing members that the shares of six (6) companies have been suspended from trading via the...

FG Begins New TSA Tariff Regime Today

Effective today, November 1, the Federal Government will begin a new service charge through the Treasury Single Account (TSA) on all payments to its...

NNPC: No Plan To Hike Fuel Price

The Nigerian National Petroleum Corporation (NNPC) has dispelled rumour of an impending review of pump prices of petroleum products, especially Premium Motor Spirit (PMS),...

Bharti Airtel To Delay $8bn Africa Business IPO Listing

Bharti Airtel Limited may delay its planned Initial Public Offering (IPO) of its Africa unit due to the turmoil in emerging-market stocks, a source...
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Army Lifts Suspension On UNICEF Activities In North-East

Onyema Nwachukwu,deputy director public relations of the army, disclosed this in a statement issued late Friday. Nwachukwu said the decision followed “intervention by well-meaning Nigerians”. He...

Police Uncover Fake Drug Factory In Lagos [Photos]

Operatives of the Inspector General of Police Intelligence Response Team (IRT) have uncovered an illegal factory where they produce fake drugs at No. 2...

Nigerian Army Sacks UNICEF, Claims It Trains Boko Haram ‘Spies’

The Nigerian army has suspended the activities of UNICEF in the north-eastern part of the country, accusing the humanitarian agency of working for Boko...
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