FREEPRESS – The naira on Monday depreciated in value to a record low of N347/$ at the parallel market following increased demand, which outstrips supply of foreign exchange (FX), according to investigation. Specifically, the local currency lost N12 or 3.6…
FREEPRESS – The naira on Tuesday exchanged at N312 against the dollar following shortage of the greenback. Consequently, naira depreciated in value against the dollar by N4.50k or 1.46 percent at the parallel market and lost N5 or 1.63 percent…
FREEPRESS – The need to place premium consideration on consumers interest in production activities over excess taxes and the society to rid sub-standard products across board has received a massive attention following an advocacy and sensitization bid embarked upon by…
FREEPRESS – A Federal High Court sitting in Lagos, yesterday, adjourned till March 18, for parties in the suit by MTN Nigeria Communications Limited against the Nigeria Communication Commission, NCC, over the N1.04trillion fine imposed on the telecommunication outfit to…
The Securities and Exchange Commission (SEC) on Monday in Abuja said that there was N90 billion unclaimed dividends at the end of September, 2015. The head, marketing development, SEC, Henry Adekunle made this known during a Sensitisation Road Show by…
On Tuesday, the Federal High Court in Lagos barred MTN Nigeria Communications Limited from moving any funds abroad it may have in Nigerian banks until the hearing of its suit challenging the N1.4 trillion fine imposed on it by the…
A Lagos lawyer, Mr Tope Alabi, has urged the Federal High Court in Lagos to dismiss MTN Nigeria’s suit against the Nigerian Communications Commission, NCC. He said that the N1.04trillion fine imposed on MTN was in order, adding that the…
THE Lagos Chamber of Commerce and Industry (LCCI) did an appraisal of the Nigerian economy in 2015 last week and concluded that private operators in many sectors recorded losses of over N1.5trn last year as a result of scarcity of…
The Nigerian Communications Commission (NCC) has faulted the competence of the suit filed by MTN Nigeria Communications Limited challenging the N1.04 trillion fine slammed on it (MTN) for allegedly breaching NCC’s statutory and regulatory directives. MTN had sued NCC before…
Operators of fuel stations in Benin City, the Edo state capital were Tuesday compelled to dispense products to consumers at the approved pump price The exercise which was carried out by the Department of Petroleum Resources DPR, ensured that PMS…
