The Nigerian Communications Commission (NCC) announced on January 20, 2025, that it has approved tariff adjustments for telecommunications operators in response to prevailing market conditions. This is the first adjustment since 2013, marking a significant move aimed at balancing telecom consumer interests and industry sustainability. The NCC’s decision comes under the authority vested in Section Read More…
Dangote Petroleum Refinery has addressed the recent increase in petrol prices, attributing it to the sharp rise in global crude oil prices. Anthony Chiejina, Group Branding and Communications Officer emphasised that the refinery’s ex-depot price adjustment from ₦899.50 to ₦950 per litre is a direct response to the 15% surge in Brent Crude prices, which Read More…
The Transmission Company of Nigeria (TCN) has refuted reports of a national grid collapse today, attributing the power disruption to the tripping of transmission lines. “The nation’s grid did not experience any collapse today, contrary to the widely published misinformation in the media,” said Ndidi Mbah, General Manager, Public Affairs. Earlier today, at about 13:41 Read More…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has refuted claims circulating in some media outlets that the Old Port Harcourt Refinery, which resumed operations two months ago, has been shut down. According to NNPC Ltd., the refinery is fully operational and preparations for the day’s loading operation are currently ongoing. Olufemi Soneye, Chief Corporate Read More…
The Nigerian Securities and Exchange Commission (SEC), under the leadership of Dr. Emomotimi Agama, has proposed a new law aimed at regulating the activities of crypto influencers. The law, set to take effect on June 30, 2025, requires all crypto platforms or Virtual Assets Service Providers (VASPs) to obtain a license from the SEC before Read More…
President Bola Tinubu has presented the 2025 national budget, totaling N47.96 trillion, to the National Assembly. This budget, themed the “Budget of Restoration: Securing Peace and Rebuilding Prosperity,” aims to address key areas such as defence, infrastructure, health, and education. In his address, President Tinubu emphasized the importance of collective effort in rewriting Nigeria’s narrative. Read More…
The debate surrounding Nigeria’s Value Added Tax (VAT) sharing formula has deepened following the recent clarification by Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee. In a press statement, Oyedele responded to the Revenue Mobilisation Allocation and Fiscal Commission’s (RMAFC) position on the proposed VAT distribution formula, emphasizing the need for Read More…
The Federal Competition and Consumer Protection Commission (FCCPC) has announced a series of inquiries targeting Guaranty Trust Bank (GTBank), MTN Nigeria, and Air Peace Limited in response to mounting consumer complaints. The investigations, set to begin on December 3, 4, and 5, aim to address allegations of poor service delivery, exploitative practices, and potential breaches Read More…
In a landmark decision, Australia has approved a social media ban for children under the age of 16, following an emotive debate that has captivated the nation. The new law passed on Thursday, sets a global benchmark with one of the toughest regulations targeting Big Tech companies. The Social Media Minimum Age bill mandates that Read More…
