Goddy Ikeh
Nigeria’s Minister of Communication, Innovation and Digital Economy, Mr. Bosun Tijani, says that the Nigerian Government approved a 50 per cent tariff hike for telecommunication companies to sustain the industry.
The price of OPEC basket of 12 crudes stood at $80.77 a barrel on Thursday, January 23, 2025, compared with $80.9 the previous day, according to OPEC Secretariat calculations.
A total turnover of 3.132 billion shares worth N76.552 billion in 61,456 deals was traded this week by investors on the floor of the Nigerian Exchange.
The ECA has announced the conclusion of the training programme held in Eritrea jointly organized with the Res4Africa Foundation and in partnership with the Eritrean Ministry of Energy and Mines and supported by Strathmore University underscoring a shared commitment to sustainable energy solutions.
A total of just over $910 million is required to respond to the humanitarian needs of 3.6 million people in need of life-saving assistance in Borno, Adamawa and Yobe (BAY) states in north-east Nigeria in 2025. A total of 7.8 million people are considered to be in need of humanitarian assistance.
Nigeria’s Bank of Industry (BoI) has signed a $50 million loan portfolio guarantee agreement with the African Guarantee Fund (AGF) to provide funding for MSMEs and women-owned businesses in Nigeria.
The Committee to Protect Journalists has urged the Beninese authorities to reverse their January 21 orders suspending six privately owned media outlets — news sites Reporter Médias Monde, Les Pharaons, and Crystal News, the Mme Actu Tiktok account, and Le Patriote and Audace Info newspapers — and to return the press card of Audace Info’s publication director Romuald Alingo.
The Special Adviser to the Nigerian President on Energy, Olu Verheijen, has said that the Nigerian energy sector attracted investments worth $6.7 billion in 2024.
The Nigeria Labour Congress (NLC) led by its President, Mr. Joseph Ajaero, has criticised the 50 per cent hike in telecoms tariffs, describing it as an added burden on Nigerian workers who earn less than $50 per month as minimum wage.
The Nigerian Exchange Limited continued its bearish trend on Thursday, as the benchmark All-Share Index dipped by 0.05 per cent, closing at 102,788.20.