B-A-N-G! Google is an illegal monopoly, US court rules in antitrust suit
A United States federal court has found that Google illegally abused its market power to quash competition in internet search. The ruling hands the Justice Department its biggest victory in…
NCC directs telcos to simplify tariff plans
The Nigerian Communications Commission (NCC) has issued a directive to telecommunications operators to simplify their tariff plans, bundles, and promotional activities. This move aims to provide clear, easy-to-understand, and accurate…
NNPC Ltd: An All-round Asset to Nigeria, by Olufemi Soneye
In its editorial of 2nd August, 2024, the BusinessDay newspaper, characteristically, launched another scurrilous and baseless attack on the Nigerian National Petroleum Company Limited (NNPC Ltd). In the editorial entitled:…
HALF YEAR: MTN posts N519 bn loss after tax, blames inflation
MTN Nigeria Communications Plc has reported a loss after tax of N519.1 billion for the first half of 2024. This indicates an upward trend of 34.9 per cent from a…
The fear of Malta, by Pius Mordi
In the heat of the allegation by Aliko Dangote that international oil companies and NNPCL were denying his refinery access to Nigerian crude oil, some commentators wondered why Dangote did…
CBN guidelines: Customers throng banks to re-activate dormant accounts
Bank customers have thronged their banks to reactivate their dormant accounts in line with the Central Bank of Nigeria (CBN) guidelines on the management of dormant accounts and unclaimed balances….
NNPC working to ease fuel supply as queues grow
Nigerian National Petroleum Company Limited, NNPCL, says it is working to ease the tightening fuel supply across the nation. This is coming on the heels of lengthening queues for petrol…
Notore lifts market capitalisation by N111bn amid Index decline
The Nigerian stock market experienced a mixed performance on Monday, with the All-Share Index closing lower in spite of a significant boost to market capitalisation. The listing of 2.42 billion…
Customs revenue surge by 127% in first half of 2024
The Nigeria Customs Service (NCS) says it has recorded a 127 per cent increase in revenue in the first half of 2024 compared to 2023. The service’s National Public Relations…
Fidelity Bank shareholders okay surplus funds absorption from public offer
Shareholders of Fidelity Bank Plc have unanimously approved the absorption of surplus funds arising from the potential oversubscription of its ongoing public offer. A statement from the bank on Monday…