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Category: Business
N150m fine: Multichoice vows to appeal ruling
Multichoice Nigeria says it will appeal Friday’s ruling of the Competition and Consumer Protection Tribunal, CCPT, which slammed a N150 million fine against it for…
BREAKING: Multichoice ordered to give Nigerians one month free DSTV, GOTV subscription
A three-man panel of the Competition and Consumer Protection Tribunal has ordered Multichoice Nigeria to give subscribers on the DStv and GOtv platforms one month…
Nigerian govt to suspend tariff, import duty on staple foods, pharmaceuticals, others
The Nigerian government has unveiled a plan to bring down inflation in the country through tariff and import duty suspension for food, raw materials for…
Nigerian govt admits fuel subsidy to gulp N5.4tn in 2024
The Nigerian government has finally admitted that fuel subsidy will gulp N5.4 trillion in 2024 after denial that it completely deregulated the product.Minister of Finance,…
CBN reveals stance on banks’ license withdrawals
The Central Bank of Nigeria has denied allegations that it plans to revoke more bank’s licenses after revoking Heritage Bank’s license.Hakama Sidi Ali, the acting…
Cooking gas price may drop
The cost of liquefied petroleum gas, otherwise known as cooking gas, appears to be on a downward spiral lately.Consumers who spoke with The PUNCH in…
NDIC begins verification, payment of insured deposits to Heritage Bank customers
The Nigeria Deposit Insurance Corporation said it has commenced the liquidation of Heritage Bank Plc.NDIC assured all that it would pay depositors of the failed…
Cost of Airfares increase by 19% in Nigeria – NBS
Airfares in Nigeria increased by 19 percent to N89.189.19 in April 2024 compared to the same period last year.The National Bureau of Statistics, NBS, disclosed…
Electricity customers in Nigeria without meters hit 55.61% – NERC
The number of electricity customers in Nigeria without meters stood at 7,319,846 million.The Nigerian Electricity Regulatory Commission’s latest industrial data showed that only 5,842,726 electricity…
609,585 customers get meters, 7.3 million unmetered – FG
The latest update on metering by the Federal Government has shown that 609,585 electricity consumers were metered in 2023, while the number of unmetered registered…