2021 - Page 53 of 153 - Business Metrics

NCC to Block over 42million Inactive Phone Lines – Report

NCC faults Ericsson’s report on Nigeria’s mobile subscriptions

Re: Nigeria Records 3 Million New Lines in Q1 Despite Ban on SIM Card Sale The attention of the Nigerian Communications Commission (NCC) has...

News3 years ago

FIRS raked in N650bn revenue in June

FIRS raked in N650bn revenue in June The Federal Inland Revenue Service (FIRS) has reported that it collected N650 billion in revenue for the...

Crude Oil Price Gains 3% As China Eases COVID-19 Restrictions

Commodities News & Agribusiness3 years ago

Oil dips by $4 in 2 days as output cut standoff lingers

Oil dips by $4 in 2 days as output cut standoff lingers Oil started the day bearish, falling for a third consecutive session. Investors continue...

Court Fines Multichoice N150m over Tariff Hike, Orders One Month Free Subscription The Competition and Consumer Protection Tribunal has fined the prominent Pay-TV operator, Multichoice Nigeria, owners of DSTV, GOTV, N150 million for disputing the court’s jurisdiction, and ordered the company to provide Nigerians with a one-month free subscription to its subscribers. A three-man panel led by Thomas Okusu gave the verdict on Friday. The tribunal had previously blocked Multichoice from raising subscription fees without proper notice, based on a lawsuit by Barrister Festus Onifade who claimed the eight-day notice given for the price increase was inadequate. Onifade had sued DSTV, accusing the Pay-TV of unjustly increasing subscription fees without one month’s notice to customers and leveraging on it to seek interim orders. Counsel for Multichoice had contended that previous rulings had settled price regulation issues, while Onifade focused on the inadequate notice rather than the price hike itself, prompting the tribunal to affirm its jurisdiction and rule against Multichoice. Court Fines Multichoice N150m over Tariff Hike, Orders One Month Free Subscription The Competition and Consumer Protection Tribunal has fined the prominent Pay-TV operator, Multichoice Nigeria, owners of DSTV, GOTV, N150 million for disputing the court’s jurisdiction, and ordered the company to provide Nigerians with a one-month free subscription to its subscribers. A three-man panel led by Thomas Okusu gave the verdict on Friday. The tribunal had previously blocked Multichoice from raising subscription fees without proper notice, based on a lawsuit by Barrister Festus Onifade who claimed the eight-day notice given for the price increase was inadequate. Onifade had sued DSTV, accusing the Pay-TV of unjustly increasing subscription fees without one month’s notice to customers and leveraging on it to seek interim orders. Counsel for Multichoice had contended that previous rulings had settled price regulation issues, while Onifade focused on the inadequate notice rather than the price hike itself, prompting the tribunal to affirm its jurisdiction and rule against Multichoice. The court subsequently fixed July 3 for a hearing of the plaintiff’s substantive suit.

Featured3 years ago

FIRS hunts MultiChoice over N1.8trn evaded VAT since inception

FIRS hunts MultiChoice over N1.8trn evaded VAT since inception The Federal Inland Revenue Service (FIRS) has raised alarm over the level of non-compliance by...

REVEALED! How cement prices in Nigeria can crash

General3 years ago

REVEALED! How cement prices in Nigeria can crash

REVEALED! How cement prices in Nigeria can crash BUA Cement Plc has revealed how the prices of cement can crash in the face of...

FG insists on drone use regulation in Nigeria

Featured3 years ago

FG insists on drone use regulation in Nigeria

FG insists on drone use regulation in Nigeria The Federal Government has insisted on regulating the use of drones across the country. This was...

NCC positions to drive next phase of telecom industry growth

Telecoms3 years ago

NCC highlights commercial, environmental gains of co-location and infrastructure sharing

NCC highlights commercial, environmental gains of co-location and infrastructure sharing The Nigerian Communications Commission (NCC) has stated many benefits associated with the frameworks it...

Buhari presents N16.39 trillion budget for 2022

Economy3 years ago

Senate approves Buhari’s N2.34trn loan request

Senate approves Buhari’s N2.34trn loan request The National Assembly has approved the request of President Muhammadu Buhari, to borrow N2.34 trillion to partly finance...

Technology3 years ago

Federal lawmaker asks NCC to mandate MNOs on tracking solutions for children’s online safety

Federal lawmaker asks NCC to mandate MNOs on tracking solutions for children’s online safety The House of Representatives has charged the Nigerian Communications Commission...

Money and Fixed Income3 years ago

Naira trades flat at N502 against dollar on Nigerian streets

Naira trades flat at N502 against dollar on Nigerian streets Nigerian local currency, naira traded flat in the currency market at N502 against dollar...