Finance articles

How telecoms firms cheat, frustrate subscribers

.. Despite increasing customers’ frustration, telecom companies continue to push for more revenue Yearly, telecommunication companies in Nigeria generate revenues that surpass their returns in other African countries. In 2012 alone, the telecoms industry, which is controlled by four major companies – MTN Nigeria Communications Limited, Airtel Networks Limited, Emerging Market Telecommunications Services Limited (Etisalat)

Industrialists Fret over Review of Customs’ Cargo Valuation Process

The Lagos Chamber of Commerce and Industry (LCCI) has expressed worries over the Nigeria Customs Service (NCS) exercise to review value of cargoes in the country, noting that this scheme is not the best way to generate revenue for the nation. LCCI, in a statement issued on Sunday and made available to THISDAY, explained that

Nigeria, Mexico To Increase Trade, Investment

The Federal Government, in a bid to improve bilateral relations with Mexico, has inaugurated the Nigeria/Mexico Chamber of Commerce and Industry. The move, according to the Minister of Industry, Trade and Investment, Mr. OlusegunAganga, will help to increase the level of trade between both countries as well as open investment opportunities for investors. The minister,

FG Considers Harmonising Nigeria’s Renewable Energy Efforts

A proposal submitted by the Minister of State for Power, Mohammed Wakil, is seeking to blend Nigeria’s efforts in growing her renewable energy sector. The proposal, Wakil said in a recent interview in Abuja, will likely become the new game changer in Nigeria’s renewable energy sector, ushering in a new strategy for initiating and implementing

Naira selling at 194 to dollar Heightens Economic Crunch

The continuous fall in the price of crude oil in the international market and the recent devaluation of the nation’s currency, the naira, are putting serious pressure on the economy, with the currency experiencing a free fall. The naira exchanged for between 192 and 194 to the United States dollar at the parallel or street

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