MTN Nigeria has received N2.6bn part-payment of interconnect debt from Globacom, sources familiar with the issue confirmed on Thursday. It was gathered that the industry regulator, Nigerian Communications Commission, had intervened in the debt issue, which led to partial disconnection of calls from Glo to MTN subscribers. The source also said discussions were ongoing to […]
A female staff member of the Federal Airport Authority of Nigeria (name withheld) has been arrested at the Yola Airport for allegedly stealing $600 belonging to a female pilgrim, Hafsat Mohammed. The development was confirmed to News Agency of Nigeria on Thursday in Yola by the spokesman of Adamawa Police Command, DSP Suleiman Yahaya. Yahaya […]
The Nigerian central bank has been intervening on the currency market over the past two weeks to keep the naira stable as foreign investors book profits in the wake of lower yields on the debt market, a trader told Reuters. The naira was quoted at 362.80 to the dollar on the currency market for investors, […]
Odion Ighalo has hinted he could be back playing for the Super Eagles just weeks after announcing his retirement from international football, reports soccernet.ng. The Chinese Super League striker shocked Nigerians when he announced his retirement from the national team following the Super Eagles win over Tunisia in the third-place match at the 2019 Africa […]
The Federal Inland Revenue Service (FIRS) may, from next year, ask banks to charge customers five per cent Value Added Tax for online purchases when using bank cards, its Chairman, Tunde Fowler, has said. Mr Fowler, who gave the hint in an exclusive interview with PREMIUM TIMES in his office in Abuja, also said the […]
Shell’s second quarter production rose 4% on year but saw sharply weaker earnings for the period on lower oil and gas prices and thinner refining margins, the company said Thursday. Oil and gas production in the second quarter of 2019 was 3.58 million b/d of oil equivalent, mainly due to field ramp-ups in North America […]
Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, yesterday, issued a seven-day strike notice to the Federal Government to compel Chevron Nigeria Limited, CNL, to honour the agreement it reached with the union on June 20, failing which members would down tools and begin an indefinite strike. In a statement signed by the President […]
MTN has lifted its partial ban on calls from Globacom subscribers to its network after stakeholders intervened in the matter. This came after a breakdown in mobile communication between 46.6 million Globacom subscribers and MTN network users, which lasted more than five days. This cost both companies a huge loss in revenue. But a reliable […]