Updates

South Africa’s MTN says Nigeria lifts suspension of regulatory services

Tue Mar 15, 2016/Reuters Nigeria’s telecoms regulator has restored “regulatory services” to MTN Group , the South African mobile phone operator said on Tuesday. The Nigerian Communications Commission prevented MTN from raising tariffs and launching promotions in October last year when it fined the company $5.2 billion for failing to […]

Substandard Tyres: SON DG Gives Dealers 24-Hour Ultimatum

By Barnabas Esiet Lagos (INVESTADVOCATE)-Paul Angya, the acting director general of Standard Organisation of Nigeria (SON) on Tuesday issued a 24-hour ultimatum to dealers to destroy every fake tyre in their stock or face prosecution. Angya who gave the ultimatum at a stakeholder’s forum in Lagos said the era of […]

Nigeria’s Inflation Rises to 11.4% in February 2016

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Nigeria’s inflation rose to 11.4 percent in February 2016, as the Consumer Price Index (CPI) which measures inflation recorded a significant uptick and soaring to a Three-Year High, according to the National Bureau of Statistics (NBS) latest report. Africa’s largest oil producer’s inflation rate […]