Business

Executive Vice Chairman/CEO of Nigerian Communications Commission (NCC) Prof. Umar Garba Danbatta says the number of active mobile subscriptions reached 220,715,961 million as at August 2023.Danbatta also said the number of active Internet subscribers was 159,034,717 million with broadband penetration at 45.57 per cent as at August, 2023. Danbatta stated …

Many petroleum products depots are currently deserted due to lack of products caused by foreign exchange rate volatility, as the landing cost of Premium Motor Spirit, popularly called petrol, has increased to N720/litre, oil marketers said on Thursday. Petroleum products’ dealers also stated that filling stations were shutting down daily …

The Federal Government has issued licenses to 17 Independent Electricity Distribution Networks operators, among which 10 are currently operational, the government announced on Tuesday. It disclosed this in the 2022 Market Competition Report released on Tuesday by the Nigeria Electricity Regulatory Commission, an agency of the Federal Government. The government …

BUA CementBUA Cement PLC, has on Sunday reduced its ex-factory cement prices to N3,500/bag, noting that it would be effective from tomorrow, 2 October, 2023. The company disclosed this on Sunday evening on its verified Twitter handle, now X. A statement by its Management said: “We refer to our previous …