Why FG Approved Tariff Increase For MTN, Airtel, Glo, Etisalat – Minister

The Minister of Communication, Innovation and Digital Economy, Bosun Tijani, says the federal government approved a 50 per cent tariff hike for telecommunication companies to sustain the industry. Mr Tijani added that the new tariff would allow telecommunication companies to be able to invest in new infrastructure and improve connectivity. He said this at the…

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Businessman Sentenced To 4 Years In Prison For Refusing To Accept Naira As Legal Tender 

Justice Alexander Owoeye of the Federal High Court, sitting in Ikoyi, Lagos, has convicted and sentenced a businessman, Uzondu Precious Chimaobi, to four years imprisonment for refusing to accept the Naira as legal tender. A statement by the Economic and Financial Crimes Commission (EFCC) stated that Chimaobi was arraigned on a two-count charge bordering on…

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FLASH: CBN Cuts Interest Rate To 27%

The Central Bank of Nigeria (CBN), on Tuesday, announced a reduction in its Monetary Policy Rate (MPR) by 50 basis points and cut the interest rate from 27.5 percent to 27 percent. CBN governor, Olayemi Cardoso, announced this at the 302nd meeting of its Monetary Policy Committee (MPC) on Tuesday. The unanimous decision also included…

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FLASH: US To Deny Immigrants Visas Over Social Media Posts

US immigration authorities said Wednesday they will look at social media accounts and deny visas or residence permits to people who post content considered anti-Semitic by President Donald Trump’s administration. Posts defined as anti-Semitic will include social media activity in support of militant groups classified by the United States as terrorists, including Hamas, Lebanon’s Hezbollah…

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Anglican Church Bans Partisan Speeches By Politicians During Services 

The Church of Nigeria, Anglican Communion, has issued guidelines for receiving politicians and government officials during church services and programmes, barring them from speaking from the pulpits. The church warned against publicly praising such government figures. A memo signed by the primate, Henry Ndukuba, on Saturday, said the decision was made during the recent episcopal…

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