The Nigeria Labour Congress (NLC) has called off its planned nationwide protest against the recent 50% hike in telecom tariffs. This decision followed a meeting between NLC representatives and government officials at the Office of the Secretary to the Government of the Federation in Abuja. The tariff increase, implemented by the Nigerian Communications Commission (NCC),…
The National Pension Commission (PenCom) has released a new circular outlining the operational guidelines for Licensed Pension Fund Administrators (PFAs) regarding their branches and service centers. This directive aims to enhance service delivery by PFAs to meet the growing demand for pension-related services. PenCom, established under the Pension Reform Act 2004, is responsible for regulating,…
Dangote Petroleum Refinery’s recent reduction in the ex-depot price of petrol has significantly impacted petroleum marketers. This decision, lowering the price from N950 to N890 per liter, is believed to be a response to warnings that some traders might resort to importing fuel if foreign prices remain lower than locally refined products. Dangote’s stated aim…
MTN Nigeria, the country’s largest telecommunications provider, spent N11.1 billion over two years repairing and relocating 2,502 kilometers of fiber-optic cables, according to a new GSMA report. The report suggests that these funds, if allocated to expansion instead of maintenance, could have enabled the company to deploy an additional 870 kilometers of new fiber. Specifically,…
A series of recent near-crash incidents has heightened safety concerns among air travelers, prompting some to switch to road travel while others rely on prayer before flights. 2024 has been a particularly turbulent year for the Nigerian aviation industry, with numerous incidents occurring between January 2024 and January 2025, despite regulatory efforts to improve the…
Yinka Folami, President of the National Association of Nigeria Travel Agencies (NANTA), has voiced his deep concern regarding the recent spate of near-crash incidents plaguing the Nigerian aviation industry. He emphasized the critical need for collaborative action, urging stakeholders, particularly the Nigerian Civil Aviation Authority (NCAA) and airline operators, to unite and comprehensively address all…
The Nigerian Institute of Quantity Surveyors (NIQS) Foundation has established a partnership with Julius Berger Nigeria Plc, recognizing the construction firm’s significant contributions to infrastructure development and the shaping of Nigeria’s built environment. Olusegun Ajanlekoko, Chairman of the Board of Trustees for the NIQS Foundation, emphasized the organization’s commitment to collaborating with industry leaders…
The Federal Government has announced that the Aluminum Smelter Company of Nigeria (ALSCON) in Ikot Abasi, Akwa Ibom State, is poised to resume production soon. This announcement came after a visit to the plant by the Minister of Steel Development, Prince Shuaibu Abubakar Audu. The Minister expressed satisfaction with the condition of the equipment and…
Senator Okechukwu Ezea, representing Enugu North Senatorial District, has advocated for the integration of microfinance banks (MFBs) into agricultural and rural credit programs. Speaking at a recent constituency meeting in Nsukka, Enugu State, Senator Ezea emphasized the importance of improved access to rural finance and believes MFBs can play a crucial role in achieving this…
Central Bank of Nigeria Governor, Olayemi Cardoso, announced Wednesday that the government has resolved the long-standing $7 billion foreign exchange backlog. Following a forensic audit, verified claims have been settled, paving the way for businesses, multinational corporations, and foreign investors to repatriate funds without hindrance. Cardoso made the announcement at the launch of Nigeria’s Regulatory…
