Business Metrics

Commodities News & Agribusiness2 years ago

Food Insecurity Threatens 24.8 million Nigerians

Rosemary Iwuala As Nigeria continue to spool in abject poverty and hardship, the Cadre Harmonise report on indicated that no fewer than 28.4 million Nigerians in...

Currency in Circulation Falls 235% to N982BN – CBN

Economy2 years ago

Currency in Circulation Falls 72% to N982BN – CBN

Currency in Circulation in Nigeria has dipped by a 72.19% to N982.09 billion at the end of February from N3.29 trillion at the end of October...

Experts Raise Warn Against VAT Rate Hike Plan

Economy2 years ago

Experts Warn against VAT Rate Hike Plan

Prominent economic experts in Nigeria have cautioned the federal government against raising the value added tax (VAT) from 7.5 per cent to 10 per cent by...

Gadgets2 years ago

New OPPO Reno8 T Series : Features and Prices in Nigeria

Dubbed “The Portrait Expert, the Reno8 T is available in 5G and 4G variants. Starting today, customers can pre-order the Reno8 T smartphones for as low...

FCMB Group Raises N20.69BN Loan to Finance Its Banking Operations

Money and Fixed Income2 years ago

FCMB Group Raises N20.69BN Loan to Finance Its Banking Operations

By Rosemary Iwuala FCMB Group Plc has successfully raised N20.686 billion from the debt market to finance its banking subsidiary First City Monument Bank Limited. It...

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.

Showbiz2 years ago

MultiChoice Unveils Indigenous Content for 2023

By Rosemary Iwuala Pay TV provider, Multichoice Nigeria, has unveiled a bumper chain of indigenous and international content catalogue for customers across DStv and GOtv channels...

Elections: How Infobip Partners Yiaga Africa to Eliminate Barriers to Voter Engagement

Technology2 years ago

Elections: How Infobip Partners Yiaga Africa to Eliminate Barriers to Voter Engagement

In an effort to drive more meaningful voter engagement in Nigeria’s 2023 general elections, Yiaga Africa, a leading non-partisan, non-profit organization, partnered with Infobip, a global...

Opinion2 years ago

Democracy 101: What is democracy?

By Gharny Yeku Democracy despite its many flaws is still regarded as the best form of government that can be easily accessible by the people. It...

TLG Capital, OnePipe Unveil N2.25BN Credit Facility for Nigeria’s Informal Sector

Economy2 years ago

TLG Capital, OnePipe Unveil N2.25BN Credit Facility for Nigeria’s Informal Sector

By Christy Animam TLG Capital, a pan-African alternative investments firm, announced today that it has partnered with OnePipe to provide credit services to the informal sector...

Eroton Remains Operator of OML 18, Says Management

Energy2 years ago

Eroton Remains Operator of OML 18, Says Management

Rosemary Iwuala Eroton Exploration and Production Company Limited has assured that it remains the Operator of Oil Mining Lease 18 (OML-18) in line with the provisions...