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,…
Several factories and businesses in Nigeria may be forced to shut down due to the ongoing energy crisis, which has led to diesel prices exceeding N1,100 per litre. The situation is being further worsened by the foreign exchange crisis, the floating of the naira, and the rising prices of alternative energy sources such as Liquified…
