Nigerians are set to pay more for their telecom services, including calls and data, as the Nigerian Communications Commission (NCC) has approved a 50% increase in telecommunications tariffs. This decision comes at a time when the country is grappling with rising inflation, economic uncertainty, and a depreciating naira, raising serious concerns about its impact on…
Telecommunications operators in Nigeria are on the brink of hiking tariffs for voice and data services, a move driven by prevailing economic conditions. A forthcoming report by KPMG, commissioned by the Nigerian Communications Commission (NCC), is set to recommend higher tariffs due to factors such as soaring diesel costs and currency depreciation. This adjustment, deemed…
Telecommunications operators in Nigeria are on the brink of hiking tariffs for voice and data services, a move driven by prevailing economic conditions. A forthcoming report by KPMG, commissioned by the Nigerian Communications Commission (NCC), is set to recommend higher tariffs due to factors such as soaring diesel costs and currency depreciation. This adjustment, deemed…
Telecommunications operators in Nigeria are on the brink of hiking tariffs for voice and data services, a move driven by prevailing economic conditions. A forthcoming report by KPMG, commissioned by the Nigerian Communications Commission (NCC), is set to recommend higher tariffs due to factors such as soaring diesel costs and currency depreciation. This adjustment, deemed…
Debtors of the Federal Government’s loan and empowerment schemes are about to be in shock as the Central Bank of Nigeria has given an instruction to banks to follow up and recover all unrepaid loans borrowed from the Apex bank. In a bold departure from its previous role in direct development financing, the Central Bank…
Procter & Gamble Nigeria’s recent announcement of transitioning to an import-only model has sent shockwaves through the nation’s economic landscape, heralding not just a strategic shift but also signifying potential repercussions affecting countless Nigerians. This seismic move, spurred by Nigeria’s challenging business environment, marks the end of its physical presence in the country, triggering a…
The recently released Nigeria’s foreign trade in goods statistics by the National Bureau of Statistics (NBS) revealed a significant increase in the country’s trade surplus in the third quarter of 2023. This positive development has important implications for Nigerians, particularly in terms of their economy and livelihoods. The dominance of crude oil exports, which accounted…
The Federal Inland Revenue Service, FIRS, has approved a full waiver of penalties and interests on all outstanding tax liabilities subject to the payment of the full principal before December 31, 2023. The waiver was disclosed in a recent public notice signed by the Executive Chairman of FIRS, Zack Adedeji. The agency said the concessions,…
