A growing number of 9mobile subscribers have been unable to switch to other networks over the past month, with industry insiders alleging that the telecom provider is deliberately obstructing porting requests at the backend. The issue has raised concerns among industry stakeholders, prompting the National Association of Telecoms Subscribers (NATCOMS) to call on the Nigerian
The Nigeria Customs Service, Oyo/Osun Command, said it collected the sum of N2bn as revenue in February. The Customs Area Controller in charge of the command, Joseph Adelaja, disclosed this in a statement on Monday. Adelaja added that within the period under review, the sum of N165m was generated from anti-smuggling activities. He said, “Within
Over 400 filling stations of independent oil marketers located at border communities have remained shut since 2019 based on the Federal Government’s directive to halt the smuggling of petrol out of Nigeria to neighboring nations. While the Nigeria Customs Service declared on Monday that the stations would still be shut, oil marketers decried the closure
Sterling Financial Holdings Company Plc has listed an additional 16.67 billion ordinary shares on the Nigerian Exchange Limited following the completion of its private placement. The NGX, in its Market Bulletin issued on Monday, confirmed the listing, stating that the newly added shares arose from Sterling HoldCo’s private placement of 16,666,666,667 ordinary shares of 50
Trading activity in the insurance sector of the Nigerian Exchange Limited remained strong on Tuesday, as investors exchanged 72.36 million shares across 951 deals, with Cornerstone Insurance Plc and International Energy Insurance Plc emerging as the top gainers. Market data showed that Cornerstone Insurance Plc recorded the highest price gain of 9.25 per cent, closing
The Federal Government of Nigeria has expanded its bond listings with an additional 910.3 million units of its existing February 2025 bonds on the Nigerian Exchange Limited. A statement by NGX on Monday disclosed that the supplementary listing included 305.36 million units of the 19.30 per cent FGN APR 2029 bond and 605.03 million units
The Nigeria Customs Service has intercepted 1,149 jerrycans of Premium Motor Spirit allegedly smuggled through the Dorofi and Kan Iyaka axis along the Gembu-Cameroon border in Taraba State. The Comptroller General of Customs, Bashir Adeniyi, disclosed this on Friday in Jalingo, the state capital, while auctioning the seized petroleum products to the public. Adeniyi said
A devastating explosion rocked the Trans-Niger Pipeline in Rivers State on [date], sending shockwaves through the community and raising concerns about the safety of the pipeline. According to eyewitnesses, the explosion occurred at about [time] in the morning, causing widespread destruction and panic in the area. The pipeline, which is operated by the Nigerian National
Justice Chukwujekwu Aneke of the Federal High Court in Lagos has adjourned proceedings in the N12.3 billion fraud case involving the Chairman of Honeywell Group, Oba Otudeko, and three others to May 8, 2025, for an update on settlement discussions. The adjournment followed an agreement by all parties to allow the Attorney General of the
SEC Revokes Mainland Trust’s License The Securities and Exchange Commission (SEC) has revoked the operating license of Mainland Trust Limited and suspended Centurion Registrars Limited, citing their failure to comply with regulatory directives and resolve multiple investor complaints. The regulatory action, announced in two separate circulars over the weekend, aims to protect investors and uphold
