Business
Blackout: National Grid Collapses for the Fifth Time in 2024
The national electricity grid has collapsed again, causing widespread blackouts in some parts of the country. This marks the fifth collapse of the grid this...
Business
Petroleum: Oil Marketers Blame Depot Owners As Fuel Queues, High Prices Return
Fuel queues have returned nationwide following the #EndBadGoverrnance protest that began on Thursday, August 1, causing widespread disruption in the supply of petroleum products. The...
Business
CBN Reinstates Dutch Auction to Address Forex Shortage
The Central Bank of Nigeria (CBN) is set to reintroduce the Retail Dutch Auction System (rDAS) as part of its strategy to address the...
Business
Petrol: FG Using Fuel Subsidy Savings to Stabilize Pump Price – Bagudu
The Nigerian National Petroleum Company Limited (NNPCL) is utilising the savings from the removal of the fuel subsidy to maintain the current pump price...
Business
Tough Year: MTN Reports Record-Breaking Half-Year Loss
MTN, Nigeria’s largest mobile network operator, has reported its biggest half-year loss ever, totalling a staggering N519 billion after tax for the first half...
Business
NCC Directs Telcos to Reconnect Disconnected SIM Cards After Protests
The Nigerian Communications Commission (NCC) has issued a directive to Mobile Network Operators (MNOs) to reconnect Subscriber Identification Module (SIM) cards that were recently...
Business
MTN, Glo, Airtel, 9mobile Bar Subscribers Over NIN-SIM Linkage
Telecommunication operators in Nigeria, including MTN, Globacom, Airtel, and 9mobile, have started barring subscribers' lines for failing to link their National Identification Number (NIN)...
Business
Heathrow Slot Dispute: FG May Restrict British Airways To Kwara Airport
The Federal Government of Nigeria may be forced to restrict British Airways from operating at the Murtala Muhammed International Airport (MMIA) in Lagos due...