THE Independent Petroleum Marketers Association of Nigeria, IPMAN, has ordered its members to suspend all operations nationwide. DAILY POST reports that this was contained in a statement signed by IPMAN Chairman, Mohammed Kuluwu on Tuesday. He blamed the situation on…
THE amount spent on calls and data rose by 19.06 per cent from N2.25tn in 2021 to N2.68tn in 2022. This is according to data from the 2022 full-year financial reports of MTN Nigeria and Airtel Africa. The N2.68tn was…
TWITTER owner Elon Musk has announced the Blue App will share revenues from advertisements that appear in reply threads between it and Twitter account holders. Musk disclosed this on Friday in a series of posts via his verified Twitter handle.…
Following the directive of the Central Bank of Nigeria for the swapping of old naira notes to new notes, Nigerians have begun to lament the challenges involved in the process despite the extension to February 10, 2023. Checks by The…
THE President, Major General Muhammadu Buhari (retd.), has expressed delight over the unveiling of Elon Musk-owned SpaceX’s broadband service Starlink in Nigeria. Buhari noted that with the commencement of Starlink’s operations in the country, Nigeria now has 100 per cent…
BANKING halls across various commercial banks in Lagos, Osun, Ekiti, and other parts of the country witnessed minimal activity as frustrated customers resorted to alternative means of cash withdrawal following the scarcity of naira notes in the banks. Checks by…
RELIEF materials worth millions of naira have been donated to the victims of the November 18th 2022 fire disaster in Owan community, Ovia North East Local Government Area by the management of Okomu Oil Palm Company PLC. The fire incident…
THE maximum lending rate in the banking sector hit 29.13 per cent while savings deposit rates was 4.13 per cent as of the end of December 2022. Figures obtained from the Central Bank of Nigeria on money market indicators revealed…
THE Central Bank of Nigeria has excluded mobile money/Point of Sales agents in Abuja and Lagos from its newly launched cash swap programme, The PUNCH has learnt. The development came as the January 31 deadline for the phasing out of the…
VANTAGE Capital (), Africa’s largest mezzanine debt fund manager, announced that in December 2022 it fully exited its investment in Pétro Ivoire, the most established locally-owned distributor of petroleum and gas products in Côte d’Ivoire. The company has a leading…
