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FG dismisses IMF’s recommendation to introduce telecoms, petrol taxes in Nigeria
Federal Government says it has not adopted the International Monetary Fund (IMF) recommendation to the country to introduce petrol and telecommunications taxes in order to shore up revenue. Government also stated that it is not considering new taxes on telecommunications…
Naira undervalued by 25.6% — IMF, tells CBN to slow foreign reserves’ accumulation
International Monetary Fund (IMF) has stated that the Nigerian currency, Naira, is undervalued by as much as 25.6 per cent, noting that the fair exchange rate against the U.SDollar should be N1,142.04/$. The official forex rate stands at N1,356.27/$ as of…
CBN offers N450bn NTBs for auction, Wednesday, as overall maturities for Q2 ’26 remain at N3.197trn
Central Bank of Nigeria (CBN), Wednesday, put up for offer a total of N450 billion worth of Nigerian Treasury Bills (NTBs) for auction for todayJune 17, with the settlement date set for June 18. An official notice to Primary Money Market…
Nigeria to launch 100-channel free TV service, as DSO kicks off
Nigeria is set to launch FreeTV on June 17, 2026, a national digital television platform aimed at expanding access to television services across Nigeria without monthly subscription costs. According to a post on its X handle by the Presidency, the initiative…
Time for African to achieve technical capability is now __NCDMB
The Executive Secretary of the Nigerian Content Development and Monitoring Board, Engr. Felix Ogbe, has called on African oil-producing nations to leverage the continent’s vast hydrocarbon resources to build indigenous technical capabilities for exploration, field development and production activities. Ogbe…
Elohor Aiboni appointed first Nigerian EVP, Chairman of Shell Companies in Nigeria
One of Nigeria’s most accomplished petroleum industry professionals, Mrs. Elohor Aiboni, has been appointed Executive Vice President and Chairman of Shell Companies in Nigeria (SciN), becoming the first Nigerian to occupy the combined leadership position in the energy giant’s operations…
FG to prioritise improved gas delivery to local consumers, targets sustained investment, others
Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has disclosed that the Federal Government is ramping up efforts to transform the country’s vast natural gas reserves into a powerful engine for industrial growth. This is also as the minister stated…
Broadcasters back hybrid digital model for Nigeria’s DSO programme
Industry stakeholders have backed the adoption of a hybrid digital broadcasting model that combines Digital Terrestrial Television (DTT), Direct-to-Home (DTH) satellite services, and digital application-based platforms for the soon-to-be launched Digital Switch Over (DSO) programme by Nigeria. This is part of…
United Capital acquires 5% equity stake in NGX
Investment firm, United Capital Group has announced the acquisition of a 5 per cent equity stake in the Nigerian Exchange Group (NGX) Plc. The acquisition which was disclosed in a statement issued on Monday, June 15 and signed by the…
NCC kicks-off telecoms pricing review with consultancy firm
Industry regulator, the Nigerian Communications Commission (NCC), working with consultancy firm KPMG, has begun a major review of the country’s telecommunications interconnection pricing system, marking the first comprehensive reassessment in nearly a decade. According to NCC, the exercise focuses on Mobile…
