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Category: Economy

Business Economy headline

NCC withdraws ‘issued in error’ statement on Starlink’s subscription price hike

Iheanyi Ejiofor October 8, 2024 No Comments #NCC#Starlink

Our reporter/ The Nigerian Communications Commission (NCC) on Tuesday withdrew its statement claiming that Starlink did not receive regulatory approval before hiking its subscription prices in Nigeria. The development comes…

Read More NCC withdraws ‘issued in error’ statement on Starlink’s subscription price hike
Business Economy headline

Nigerian govt accuses Starlink of breaching NCC regulation

Iheanyi Ejiofor October 8, 2024 No Comments #breach#Elon Musk#NCC #Starlink#Regulation

Nigerian Communications Commission has accused Starlink, a satellite communication company owned by X CEO Elon Musk, of an unapproved data tariff hike. The NCC said the satellite internet service provider…

Read More Nigerian govt accuses Starlink of breaching NCC regulation
Business Economy headline

All deposits in Nigerian banks are secured, CBN assures depositors

Iheanyi Ejiofor October 8, 2024 No Comments #CBN#Depositorsbanks

Our reporter/ The Central Bank of Nigeria (CBN) on Tuesday assured Nigerians not to panic as it has put in place policies to ensure that all monies deposited in financial…

Read More All deposits in Nigerian banks are secured, CBN assures depositors
Business Economy headline

CBN committed to fair, efficient markets – Cardoso

Iheanyi Ejiofor October 7, 2024 No Comments #Cardoso#CBN#market

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso says the bank’s decision to implement the Electronic Foreign Exchange Matching System (EFEMS) is rooted in the understanding that…

Read More CBN committed to fair, efficient markets – Cardoso
Business Economy headline

Nigeria officially begins sale of crude oil in Naira

Iheanyi Ejiofor October 7, 2024 No Comments #crude oilnaira

Nigeria has officially commenced the sales of crude oil and refined petroleum products in naira, the Federal Government has announced. The Minister of Finance and Coordinating Minister of the Economy,…

Read More Nigeria officially begins sale of crude oil in Naira

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