By Our Reporter MTN Nigeria Communications PLC has temporarily suspended its airtime and data lending service, Xtratime, following the introduction of new regulatory requirements governing digital credit services in Nigeria. The company disclosed this in a corporate filing to the Nigerian Exchange Limited on Thursday, stating that the decision was driven by compliance obligations under…
Strait of Hormuz By Joe Udo Oil prices dropped sharply on Friday, April 17, after the Iranian foreign minister announced that the Strait of Hormuz would be “completely open” for commercial transit for the duration of the current ceasefire. Brent crude, the global benchmark, fell 9.5% to just below $90 per barrel, while WTI, the…
By Kingsley Agim Cross River State has intensified efforts to unlock a maritime-driven economic boom, as the government on Thursday in Calabar convened a high-level sensitisation forum to galvanise stakeholder support for the Bakassi Deep Seaport project, a flagship initiative aimed at repositioning the state as a major hub in Nigeria and the West African…
Mr Edet Effiong Uliong, Ship Captain By Our Reporter Mr Edet Effiong Uliong, a ship captain, has observed that despite widespread complaints about economic hardship and rising inflation in Nigeria, the country continues to attract growing interest from foreign nationals. Uliong said that in many countries he has visited, people express a strong desire to…
By Joe Udo “If I could use only a few words to describe Aliko Dangote, I would say he is indefatigable, resilient, and foresighted. He is one of the greatest African entrepreneurs of our time. As founder of the Dangote Group, he has financed and manufactured everything from cement to sugar to oil, and recently,…
