Economy Archives - Page 36 of 69

Feb

10

2024

Debt dispute between MTN Nigeria and Globacom is resolved.

Business, Economy, Metro, NewsBusiness, Economy, GLO, Metro, MTN, NCC

An amicable resolution has been reached to the interconnect debt dispute between MTN Nigeria Communications Plc. (MTN) and Globacom Limited (Globacom). The Nigerian Communications Commission (NCC) made this pronouncement on Thursday. The NCC's Director of Public Affairs, Mr. Reuben Muoka, signed a statement stating that this resolution revokes the disconnection authorization that MTN was previously given to disconnect Globacom. In order to minimise any possible disruptions to subscribers, the Commission made additional regulatory interventions after publishing its original public notice. These interventions included resolving disputes between parties and aiding in the reconciliation process. "Strong compliance with licence terms and conditions,…

Feb

09

2024

By OHAFIATV

Ohanaeze advises Tinubu to engage Okonjo-Iweala, Ezekwesili, Adesina in addressing Nigeria’s hardship

Business, Economy, NewsBreaking, Business, Economy, Inflation

The revered Igbo group Ohanaeze Ndigbo has condemned the incompetence, nepotism-based appointments, and corruption that have plagued the Buhari and Tinubu administrations, respectively, which has contributed to the present economic crisis, inflation, and uncertainty in Nigeria. Essential commodity prices have soared to record levels, causing enormous pain for Nigerians. The widespread indignation in the nation is a reflection of the intolerable suffering caused by the constant threat of starvation that its inhabitants face. Nigerians have become tired of the federal government's empty promises, which have been made worse by the Naira's depreciation as a result of the current FX exchange…

Feb

08

2024

By Amos Oge Kalu

FG directs 102,000 metric tonnes of rice and corn to be released immediately.

Business, Economy, Metro, NewsBusiness, Economy, Metro

The delivery of 102,000 metric tonnes of rice and corn to Nigerians has been ordered by the federal government due to the country's food crisis and inflationary trend. The government has also stated that, in order to supplement supply, it may start importing any shortages that may arise. The Minister of Information and National Orientation, Mohammed Idris, made this statement while responding to inquiries from State House media soon after the Thursday meeting of the Presidential Committee on Food Emergency at the Presidential Villa in Abuja. According to him, "food will be made available, whatever it takes," under the president's…

Feb

03

2024

By Amos Oge Kalu

Increase in customs import duty rates directly undermines Nigeria’s economy – Dr Kalu

Business, Economy, News, OpinionEconomy, Metro, Next Level, Nigeria, Nigeria Customs, Opinion

In consideration of the nation's dampening, decaying, and dwindling economy, the Nigeria Customs Service still finds it suitable to announce an increase in the import duty rate that is directly going to have adverse impacts on the entire national economic structure. Since the inauguration of this government in power, Nigerians have been sandwiched in tunnels of hardship, lack, and other confronting challenges without any meaningful commitment by the authorities to address the situation. The news on board all social media platforms has been the federal government's unexpected announcement that the January salary of Federal civil servants would not be paid…

Feb

03

2024

By Amos Oge Kalu

VIDEO: Systemic Demolition Of Igbo-Dominated Markets In Lagos; Ohanaeze Advises Traders To Think Home

Business, Economy, Metro, News, VideoBiafra, Business, Economy, Metro, Ohanaeze Ndigbo

Expressing strong disapproval of the deliberate demolishing of markets predominantly owned by the Igbo community in Lagos: Igbo people, it is prudent to gradually withdraw. OHANAEZE NDIGBO - 3/2/2024 Ohanaeze Ndigbo, the esteemed voice of the Igbo, vehemently denounces the blatant utilization of state machinery to target peaceful Igbo traders in Lagos State, without any prior notice or evaluation of their goods and products. In light of these distressing events, Ndigbo must acknowledge that it is now time to gradually retreat and redirect their businesses back home. The recently circulated online video depicting helpless Igbo traders at the Trinity spare…