Business

NCC Orders Telcos to Disconnect USSD Codes of 9 Banks Over Unpaid Debts

The Nigerian Communications Commission (NCC) has authorized telecommunications companies to disconnect the Unstructured Supplementary Service Data (USSD) codes. The affected banks, including Fidelity Bank Plc and United Bank for Africa…

August 14, 2025

Business

BREAKING: NCC Approves 50% Tariff Hike for Telecom Operators

The Nigerian Communications Commission (NCC) has approved a 50% tariff adjustment for telecom operators. The approved adjustment is significantly lower than the over 100% increase requested by some network providers.…

August 14, 2025

Business

Naira Strengthens Further Against Dollar for Second Consecutive Day

The naira has strengthened against the dollar for the second consecutive day at the foreign exchange market. According to FMDQ data, the naira appreciated to N1,510.72 against the dollar, gaining…

August 14, 2025

Business

MTN Reverses 200% Data Tariff Hike After Backlash

Nigeria's telecommunications giant, MTN, has reversed its 15G data plan 200 percent tariff hike. The reversal was disclosed in a statement through MTN's official X account on Thursday. The decision…

August 14, 2025

Business

Nigeria’s Petrol Consumption Rate Drops to 50 Million Litres Daily

Nigeria's petrol consumption rate has drastically dropped to 50 million liters per day, with local refineries supplying half of the daily requirements. The reduction in consumption is attributed to the…

August 14, 2025

Business

Naira Depreciates Further Against Dollar at Black Market

The Naira has continued its depreciation against the dollar at the parallel foreign exchange market. According to a Bureau de Change operator, the Naira dropped to N1500 per dollar on…

August 14, 2025

Business

Naira Continues Depreciation Against Dollar, Records Highest Weekly Decline

The Nigerian naira continued to depreciate against the US dollar at the foreign exchange market on Friday. According to the Central Bank of Nigeria's exchange rate data, the naira fell…

August 14, 2025

Business

Court Dismisses NNPCL’s Bid to Halt Dangote Refinery’s ₦100bn suit

Justice Ekwo of Federal High Court Abuja has dismissed NNPCL's attempt to halt Dangote Refineries lawsuit against them. A ruling from the Federal High Court in Abuja has dismissed the…

August 14, 2025

Business

The Supreme Court Has a Perfectly Good Option in Most Divisive

Daily Report August 14, 2025

Business

KG Enas Water Unveils Anita Armstrong Pinkberry as Brand Ambassador

Beauty Aesthescian, Fashion entrepreneur and Brand influencer, Anita Armstrong popularly known as Pinkberry has been unveiled as the latest brand ambassador of KG Enas Water. Pinkberry joins Onosakponome komeno Cyril…

Daily Report August 14, 2025